Iran’s Revolutionary Guards halt three oil tankers in Strait of Hormuz

Iran’s IRGC Navy reported Wednesday that it intercepted and halted three oil tankers in the Strait of Hormuz, shattering a brief pause in regional hostilities.

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UAE investors account for over 50 percent of Sharjah’s real estate trading value in H1 2026

UAE investors accounted for more than half of Sharjah’s real estate trade value in the first half of 2026, recording investments worth AED 14.9 billion.

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Oil prices drop below $88 a barrel as US pauses military strikes on Iran

Brent crude prices fell below $88 per barrel after the US announced a temporary pause in military strikes against Iran to allow for diplomatic negotiations.

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UAE and Canada conclude Comprehensive Economic Partnership Agreement negotiations

The UAE and Canada have successfully concluded negotiations for a Comprehensive Economic Partnership Agreement (CEPA).

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EASA extends flight safety advisory for Gulf airspace through late August

The European Union Aviation Safety Agency has extended its flight safety advisory for airlines operating in Gulf airspace through August 31.

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Oil prices surge past $100 a barrel amid escalating US-Iran conflict in the Gulf

Global oil markets experienced a significant shock today as Brent crude prices surged past $100 a barrel for the first time since late May. The price spike is directly linked…

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US warns against Iranian demands to collect transit tolls in Strait of Hormuz

US Secretary of State Marco Rubio has warned that Iranian demands to collect tolls in the Strait of Hormuz threaten the global economy and maritime freedom.

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ADNOC secures $6.2 billion investment for Umm Shaif offshore gas expansion

ADNOC and international partners have secured a $6.2 billion investment to develop the Umm Shaif Gas Cap, targeting 600 million cubic feet daily by 2030.

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UAE targets five to seven new CEPA trade agreements by end of 2026

Dr. Thani Al Zeyoudi announced the UAE expects to complete negotiations for up to seven new Comprehensive Economic Partnership Agreements by year-end.

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Kuwait and Jordan maintain low inflation rates in June despite regional pressures

Kuwait and Jordan reported stable June inflation rates of 2.2% and 2.8% respectively, showcasing economic resilience against regional pressures.

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