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.
Read moreUAE 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.
Read moreOil 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.
Read moreUAE and Canada conclude Comprehensive Economic Partnership Agreement negotiations
The UAE and Canada have successfully concluded negotiations for a Comprehensive Economic Partnership Agreement (CEPA).
Read moreEASA 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.
Read moreOil 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…
Read moreUS 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.
Read moreADNOC 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.
Read moreUAE 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.
Read moreKuwait 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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