Business

Saudi Arabia's SAMA has issued its first live open banking licences, transitioning from sandbox to full commercial operations, while Riyad Bank and Bahrain have completed live blockchain payment pilots — marking a turning point for GCC financial services innovation.

Bahrain rarely makes headlines for the right reasons. The smallest of the six GCC states, at just 765 square kilometres, smaller than Singapore, is...

QatarEnergy is pressing ahead with the world's largest LNG expansion programme despite disruptions to Hormuz shipping, targeting a doubling of output capacity from 77 to 142 million tonnes per annum and recording a 66 per cent surge in new foreign-owned company formations.

The United Kingdom has concluded a landmark free trade agreement with the six-member Gulf Cooperation Council, becoming the first G7 nation to sign such a deal with the Gulf bloc and removing an estimated £580 million in annual duties on UK exports.

The UAE has climbed to second place in the Global Islamic Economy Indicator, jumping from fourth, driven by record FDI inflows of $45.6 billion and its position as the most active Islamic investment destination by transaction volume.

Sellers across Dubai have reduced asking prices by a combined AED 2.36 billion across 3,292 properties, reflecting a softening in secondary market demand as a record supply pipeline approaches delivery.

Oil markets edged lower on Tuesday after OPEC+ approved a 188,000 bpd increase in July production quotas, even as geopolitical uncertainty surrounding the Strait of Hormuz kept prices elevated.

Dubai has never waited passively for tourism to return. In a move that underlines the UAE government's absolute commitment to its visitor economy, Dubai's...

Dubai welcomed 19.59 million international overnight visitors in 2025, a 5 per cent increase on the previous year's record 18.72 million, marking the emirate's...

For the first time since the early 1980s, the Arabian Gulf's principal maritime trade corridor is operating under conditions of significant navigational complexity. The...

UAE telecommunications company du has announced the launch of du Ventures, a US$50 million corporate venture fund that will invest in early and growth-stage...

Dubai's Roads and Transport Authority (RTA) has confirmed that the Al Khaleej Street Tunnel Project, a cornerstone element of the Al Shindagha Corridor Improvement...