Geostrategy

du 9M profit up 10.8%

Revenue grows as connectivity demand supports earnings

Al Rajhi Bank 9M profit up

Revenue growth lifts earnings despite higher provisions

Mashreq prices Dim Sum bond

UAE bank raises offshore renminbi funding

Aldar buys Sharjah homes

Deal adds 1,100-plus rental units

SIB profit up 9%

Higher income from financing and investment drive growth.

Trump threatens Iran with economic and military pressure as Tehran weighs retaliation

Trump intensifies pressure on Iran; IRGC claims US drone downed; Tehran threatens regional targets and cables; Russia offers nuclear cooperation;...
  • Iran claims it downed a US drone over Hormuz, while threatening undersea cables and retaliation against regional allies.
  • Yemen’s Houthi attack kills 58 recruits, as government forces report strikes and oil prices ease after Russian sanctions waivers.

Iran says Israel pushing US towards renewed war as Gulf tensions mount

UAE and Saudi defense ministers meet; Oil prices fall after sanctions waiver; Tanker catches fire after Hormuz mine; Houthis report...
  • Oil prices continued to decline in Asian trading on Monday after US President Donald Trump waived planned sanctions related to Russia.
  • The Islamic Revolutionary Guard Corps said an oil tanker caught fire after hitting a sea mine in the Strait of Hormuz.

Attack on Yemen presidential palace kills 5 as Saudi-Houthi hostilities escalate sharply

Saudi Arabia calls Houthi attacks on civilian, economic and airport facilities “full-fledged war crimes”; Trump says he would not use...
  • Saudi Arabia deploys defensive measures as France sends military assets to protect energy infrastructure amid escalating Houthi attacks.
  • US sanctions target 16 individuals and 10 entities as Hormuz shipping faces severe threats from continued Iranian military activity.

MENA could unlock $1 trillion value by 2030

“The opportunity for MENA is significant, and the value will come from execution,” said Wissam Yassine, partner and Middle East...
  • A survey found that 89% of respondents considered AI to have high or very high potential to advance their organisations' environmental, social and governance goals.
  • However, only 40% to 55% of respondents, depending on the use case, said their sustainable AI adoption had reached the pilot or scaled stage.

Gulf economies may not recover to pre-war levels soon as shock will hit many sectors, IMF warns

The IMF projects the Middle East and Central Asia region will contract 0.3 percent in 2026, reflecting its exposure to...
  • Developing countries face rising debt costs and shrinking fiscal room as energy shocks, food inflation and climate risks threaten poverty reduction efforts, UNDP says.
  • IMF chief Kristalina Georgieva has also warned that attacks targeting Saudi Arabia could have repercussions far beyond the region.

Trump says Iran war will ‘end very soon’ as Yemen hostilities escalate and Hormuz attacks rise

Iran's Ghalibaf warns Washington cannot be trusted, saying Tehran must prepare for renewed fighting even as negotiations continue between the...
  • Attacks on shipping through Hormuz threaten oil flows, while Chinese refiners secure Saudi crude and Houthis escalate strikes on Saudi targets.
  • Meanwhile, Israeli strikes killed four people in Gaza on Wednesday, Palestinian officials said, days after the anniversary of the declaration of a US-mediated ceasefire.

UAE has agent control tower for better oversight, audit of AI agents: Al Olama

Speaking at a session titled "Trust Test for Agentic AI" at the World Economic Forum's Annual Meeting of Global Future...
  • Mark-Alexandre Doumba, Gabon's Minister of Digital Economy, said the institutions are evolving more slowly than AI agents, but eventually people will trust them.
  • The UAE government plans to move 50% of government services, sectors, and operations toward autonomous AI systems within the next two years.

Houthis target Saudi Arabia as Aramco facility catches fire

Oman, Iran discuss regional tensions; Trump says Houthis acting at Iran's behest; Saudi forces intercept missiles, drones; Hormuz shipping attacks...
  • Saudi Arabia says intercepted missiles and drones as debris injures four people in Riyadh and damages 15 homes.
  • Houthi-led health ministry reports five deaths in various parts of Yemen.

Trump says Houthis ‘misbehaving very badly’ as Saudi airport shutdown disrupts flights

Etihad Airways cancelled flights between Abu Dhabi and Riyadh until October 19, while services to Dammam were heavily disrupted. Qatar...
  • A Houthi official warned Washington of a “swift and painful response” if the United States intervened further in Yemen’s war.
  • Iran’s Revolutionary Guard said it struck a supertanker in the Strait of Hormuz, accusing it of ignoring warnings and disabling transponders.

WEF to bring 500 global leaders to Dubai for inaugural meeting

Discussions will span artificial intelligence, jobs, geopolitical uncertainty, climate change and economic resilience, with UAE Minister Mohammad Al Gergawi and...
  • More than 500 leaders, including 15 ministers and nearly 150 CEOs and chairs, will attend the October 13-15 meeting.
  • - Sessions will explore agentic AI, global trade, economic resilience and climate challenges, alongside research on youth, sustainability and data-centre infrastructure.

Hebron siege displaces thousands as Israeli forces kill several Palestinians in Gaza

Eight Palestinians were killed across the north, central areas and the southern city of Khan Younis. Four people were killed...

Latest News

Israeli airstrike kills five Palestinians in West Bank

Palestinian medics said an air strike targeting a car in the occupied West Bank killed five people on Thursday, while...

Biden, Kadhemi meeting to focus on US troop withdrawal from Iraq

The White House talks between the two allies come just a week after a deadly attack claimed by the Islamic...

Bomb-laden drones hit Erbil airport in northern Iraq

The attack took place at around 1930 GMT but caused no injuries or major damage Since the start of the...

Attack on Yemen presidential palace kills 5 as Saudi-Houthi hostilities escalate sharply

Saudi Arabia calls Houthi attacks on civilian, economic and airport facilities “full-fledged war crimes”; Trump says he would not use...

MENA could unlock $1 trillion value by 2030

“The opportunity for MENA is significant, and the value will come from execution,” said Wissam Yassine, partner and Middle East...

Gulf economies may not recover to pre-war levels soon as shock will hit many sectors, IMF warns

The IMF projects the Middle East and Central Asia region will contract 0.3 percent in 2026, reflecting its exposure to...

Most Read

UAE has agent control tower for better oversight, audit of AI agents: Al Olama

Speaking at a session titled "Trust Test for Agentic AI" at the World Economic Forum's Annual Meeting of Global Future...
  • Mark-Alexandre Doumba, Gabon's Minister of Digital Economy, said the institutions are evolving more slowly than AI agents, but eventually people will trust them.
  • The UAE government plans to move 50% of government services, sectors, and operations toward autonomous AI systems within the next two years.

Houthis target Saudi Arabia as Aramco facility catches fire

Oman, Iran discuss regional tensions; Trump says Houthis acting at Iran's behest; Saudi forces intercept missiles, drones; Hormuz shipping attacks...
  • Saudi Arabia says intercepted missiles and drones as debris injures four people in Riyadh and damages 15 homes.
  • Houthi-led health ministry reports five deaths in various parts of Yemen.

Trump says Houthis ‘misbehaving very badly’ as Saudi airport shutdown disrupts flights

Etihad Airways cancelled flights between Abu Dhabi and Riyadh until October 19, while services to Dammam were heavily disrupted. Qatar...
  • A Houthi official warned Washington of a “swift and painful response” if the United States intervened further in Yemen’s war.
  • Iran’s Revolutionary Guard said it struck a supertanker in the Strait of Hormuz, accusing it of ignoring warnings and disabling transponders.