Saudi construction growth eases to four-month low in September
Saudi Arabia’s construction sector continued to expand in September, although growth slowed to its weakest pace in four months as...
Business
Foreign buyers, expats account for bulk of Abu Dhabi’s $19.2bn H1 home sales
Off-plan deals dominated residential activity, while rising prices, strong rental demand and significant future deliveries pointed to continued momentum across...
Business
Business
Gulf sovereign funds line up for landmark SpaceX listing
Saudi Arabia's Public Investment Fund and Kuwait Investment Authority have each submitted orders worth between $1 billion and $5 billion....
- The offering would value the company at about $1.75 trillion, making it the largest IPO ever and placing it among the world's most valuable listed companies.
- If the valuation is achieved, Musk's net worth could exceed $1 trillion, making him the world's first trillionaire. The company is expected to begin trading under the ticker SPCX.
Geostrategy
Iran floats 30-day roadmap to end conflict; Trump signals scepticism
Iran has put forward a fresh 14-point proposal to the United States, calling for a resolution of tensions within 30...
- The proposal comes as a counter to a previously reported nine-point framework from the US and seeks to move beyond the current ceasefire toward a more permanent settlement
- The fragile truce between Iran and Israel, brokered with US involvement, has held for now, but Washington has already rejected an earlier Iranian attempt to end the war
Geostrategy
Saudi Arabia Railways launches 5 new logistics routes
Riyadh, Saudi Arabia -- Saudi Arabia Railways (SAR) has launched five new logistics routes designed to enhance supply chain efficiency...
- These routes link Arabian Gulf ports with the Kingdom’s central and northern regions, extending to the Red Sea and northern neighboring countries.
- The initiative supports the National Transport and Logistics Strategy and Saudi Vision 2030 goals to establish the Kingdom as a global logistics hub.
Business
Dubai property market rises 31% to $68 billion in first quarter
Dubai, UAE -- Dubai’s real estate transactions rose 31 percent year-on-year to 252 billion dirhams ($68.6 billion) in the first...
- Figures from the Dubai Land Department showed 718,160 real estate procedures were recorded during the quarter.
- Luxury real estate transactions totaled 87.71 billion dirhams, up 26 percent, highlighting strong demand for high-end developments.
Geostrategy
The global price tag of war in the Middle East
The asymmetry at the heart of this war’s economic geography is stark. The US imports relatively little oil through Hormuz....
- The cascading economic fallout from the conflict in the Middle East is radiating well beyond the Gulf, reshaping markets and supply chains – potentially for years to come
- Asymmetric economic shocks disproportionately burden import-dependent Asian economies and vulnerable nations facing high inflation and debt
Business
Tasnee’s 2025 losses deepen
The petrochemicals' company's revenue also fell 17.7 percent.
- Despite the revenue decline, gross income edged up slightly to SAR 85.4 million, compared with SAR 84.5 million a year earlier.
- In the fourth quarter of 2025, Tasnee reported a net loss of SAR 2.04 billion, compared with a loss of SAR 97.7 million in the same period a year earlier.
Economy
‘Strait of Hormuz disruption could trigger long-term shift in global trade and energy flows’
Kelsey Goodman of the World Economic Forum discusses Strait of Hormuz disruptions, global trade risks, and how GCC economies can...
- Prolonged disruption in the Strait of Hormuz could accelerate supply-chain diversification and shift global trade routes, Kelsey Goodman tells TRENDS
- Despite short-term volatility, GCC economies remain well positioned to strengthen their role in logistics, finance and digital trade, she adds
Business
Supply chain attacks emerge as top cyber threat to businesses: Study
The study found that large enterprises are particularly vulnerable because of their extensive vendor networks.
- Global survey finds rising risks from third-party vendors as companies become more digitally interconnected
- The report found that about 31% of companies worldwide experienced a supply chain-related cyber incident during the past year
Economy
AWS outage in Gulf raises reliability concerns as services remain disrupted over a week after strikes
Cloud services operated by Amazon Web Services (AWS) in the Gulf region continue to face disruptions more than a week...
- Facilities operated by AWS, the cloud division of Amazon, in the United Arab Emirates and Bahrain were hit during the beginning of the US-Israel and Iran conflict
- Industry experts say such incidents demonstrate that cloud infrastructure, despite its digital nature, ultimately depends on physical facilities vulnerable to real-world risks
Business
TECOM shareholders approve $229 million cash dividend for 2025
Dubai, UAE - TECOM Group PJSC shareholders approved the financial statements for the year ended 31st December 2025 and endorsed...
- This brings the total cash dividends for 2025 to AED840 million, marking a new level of dividend distribution for the Group
- Shareholders also approved the updated dividend policy for the financial year 2026, which suggests an aggregate cash dividend of AED880 million
Saudi construction growth eases to four-month low in September
Saudi Arabia’s construction sector continued to expand in September, although growth slowed to its weakest pace in four months as...
Business
Company News
Latest News
UN warns Gaza remains unsafe for civilians
Geostrategy
Trump imposes tariffs on 60 countries over forced labor concerns
The new tariffs, ranging from 10 percent to 12.5 percent, will take effect as temporary 10 percent worldwide tariffs imposed...
Geostrategy
The value imperative: leading growth forward
Companies should act now by strengthening financial resilience, embracing AI, diversifying supply chains and remaining lean. Waiting for stability is...
Opinion
Tabadul trading value reaches $3.68 billion in H1 2026
Abu Dhabi, UAE -- Tabadul, the regional cross-border trading and market connectivity platform, recorded a record trading value of AED13.5...
Business
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Business
Miral, Warner Bros announce two new DC attractions for Yas Island
Dubai, UAE -- Miral and Warner Bros. Discovery Global Experiences have announced two new DC-themed attractions for Warner Bros. World...
- Kryptonite Collider opens in July with a centrifuge-style experience inspired by Lex Luthor's Everyman Project.
- Superman Up and Away, a next-generation flying roller coaster, is targeted for completion in 2028.
Business
Gulf sovereign funds line up for landmark SpaceX listing
Saudi Arabia's Public Investment Fund and Kuwait Investment Authority have each submitted orders worth between $1 billion and $5 billion....
- The offering would value the company at about $1.75 trillion, making it the largest IPO ever and placing it among the world's most valuable listed companies.
- If the valuation is achieved, Musk's net worth could exceed $1 trillion, making him the world's first trillionaire. The company is expected to begin trading under the ticker SPCX.
Geostrategy
Iran floats 30-day roadmap to end conflict; Trump signals scepticism
Iran has put forward a fresh 14-point proposal to the United States, calling for a resolution of tensions within 30...
- The proposal comes as a counter to a previously reported nine-point framework from the US and seeks to move beyond the current ceasefire toward a more permanent settlement
- The fragile truce between Iran and Israel, brokered with US involvement, has held for now, but Washington has already rejected an earlier Iranian attempt to end the war