Tag: featured
China–UAE Centre to Supercharge Gulf–China Trade
A new Qingdao Overseas Integrated Service Centre launched at the China‑Arab Business Forum in Qingdao is set to deepen commercial ties between China and the Gulf region by enhancing the current $400 billion trade corridor. Abdulla Albasha Alnoaimi, UAE...
U.S. to Resume Iran Nuclear Talks
U.S. President Donald Trump has announced that American and Iranian officials will meet next week to discuss Tehran’s nuclear ambitions, following a concerted military campaign that he claims has effectively neutralised key Iranian enrichment facilities....
Iran-Israel ceasefire reduces risks, boosts credit outlook
By Saifur Rahman Global credit rating agencies Moody’s Investors Service, Standard and Poor’s and Fitch Ratings have assigned ‘AA’ rating with stable outlook for the UAE economy, despite the regional tension. This comes right after the cessation of the mi...
Peace Deal Declared to End “12‑Day War”
Donald Trump proclaimed a full ceasefire between Israel and Iran on Monday, marking what he described as the end of a “12‑day war” that forced millions from Tehran and sparked grave fears of escalation. He posted on Truth Social that Iran would halt its o...
Blowback Risk Rises as U.S. Strikes Iran’s Nuclear Sites
U.S. military jets attacked three uranium-enrichment facilities in Iran—Fordow, Natanz and Isfahan—after President Trump authorised a precision bombing campaign targeting underground shafts, marking a significant escalation in efforts to curb Tehran’s ato...
Gulf Airspace Shockwaves Prompt More Re-routings
timesofindia.indiatimes.com thetimes.co.uk ft.com thetimes.co.uk businessinsider.com cntraveler.com reuters.com Major U.S. and European carriers have halted flights to key Gulf destinations amid escalating hostilities between Israel and Iran, while inter...
Citi Warns Hormuz Closure Could Propel Oil Near $90
Citigroup analysts warn that a shutdown of the Strait of Hormuz could lift Brent crude prices to approximately $90 a barrel, although they expect any halt to shipping to be brief. They cite the strategic importance of the strait—through which nearly 20 mi...
UAE’s ADNOC to Unleash $440bn Energy Surge in US
Abu Dhabi’s state‑owned oil giant ADNOC has unveiled plans to escalate its U.S. energy investments six‑fold over the next decade, targeting a total of $440 billion. Speaking in Washington on 17 June, Sultan al‑Jaber, ADNOC Chief Executive and UAE Minister...
Emirates Unveils Sleek A350 at Le Bourget
Emirates returned to the Paris Airshow at Le Bourget to introduce its new Airbus A350‑900, showcasing its most advanced cabin design and reinforcing ties with French aerospace. The jet, featuring three cabin classes and upgraded passenger amenities, refle...
ADNOC’s Bold Bid for Santos Faces Regulatory ‘Energy Security’ Test
Abu Dhabi National Oil Company, via its XRG investment arm, has launched an A$8.89‑per‑share all‑cash takeover offer worth roughly US$18.7 billion for Santos, Australia’s second‑largest gas producer. The bid has ignited intense scrutiny from Australian re...
Airspace Shutdown Hits Airlines Amid Israel‑Iran Strikes
Over 1,800 flights have been disrupted and more than 650 cancelled after Israel’s airstrikes on Iran prompted sweeping airspace closures over Israel, Iran, Iraq, Jordan, and Syria, prompting carriers worldwide to reroute or suspend services. Tel Aviv’s Be...
GulfNav Secures $871 Million Deal to Bolster Oil Storage Hub
Gulf Navigation Holding PJSC has signed a definitive agreement to acquire the assets and subsidiaries of Nasdaq‑listed Brooge Energy for AED 3.2 billion, a move set to significantly expand its midstream oil and gas capacity. The transaction spans a blend...
Dubai Property Market Surges Past AED 66 Billion Mark
Dubai’s real estate sector demonstrated remarkable momentum last month, with property transactions reaching a record AED 66.8 billion , reflecting a substantial 44% increase compared to the previous year. This surge highlights a growing population and rob...
Saudi Arabia Pushes for Larger OPEC+ Oil Output Increases
Saudi Arabia is advocating for accelerated increases in oil production within the OPEC+ coalition, aiming to reclaim market share lost during past output cuts. The kingdom is reportedly pressing the group to raise supplies by more than 400,000 barrels per...
Dubai Strengthens Global Lead in Creative Sector Investment
Dubai has solidified its position as the premier global destination for greenfield foreign direct investment in the cultural and creative industries , securing the top spot in the Financial Times’ fDi Markets ranking for the third consecutive year. In 2...