Shipping insurers are likely to re-examine their ability and willingness to provide cover due to the present situation around the Arabian Gulf, International Union of Marine Insurance (IUMI) has said.
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Dubai-based Emirates and flydubai have said with the limited re‑opening of airspace, the airlines are operating a reduced flight schedule from Dubai until further notice.
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Saudi Logistics Services Company has announced the signing of a sale and purchase agreement with Aviapartner Belgium NV and Aviapartner Holding NV for the acquisition of 100% stake in Belgium airport ground handling firm Aviapartner Liege for SAR123 million ($32.8 million).
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The future of the Saudi heavy construction equipment market appears promising, driven by ongoing government initiatives and urbanisation trends. Under its Vision 2030 initiative, the kingdom aims to invest over $500 billion in mega housing and urban development projects, thus driving demand for advanced machinery, said a report.
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The gravity of the situation in the Middle East has moved from high to severe and consequently, the potential for events to weaken credit quality across sectors has increased, says an S&P Global Ratings report.
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Travel disruption across the Gulf region has entered its fifth day, with thousands of passengers still stranded and airlines operating only limited flights out of major hubs like Dubai and Abu Dhabi amid continued regional conflict and widespread airspace closures.
US President Donald Trump has said the US navy will protect ships in the Middle East and the government will provide insurance "if necessary" in a bid to contain soaring energy prices sparked by the US-Israel war with Iran.
All terminals at Jebel Ali Port in Dubai are operating normally, said DP World, a leading provider of smart end-to-end logistics solutions and the port operator. Jebel Ali is the largest port in the Middle East, serving as a critical gateway for trade across Asia, Europe, Africa and the Americas.
An emergency GCC-EU Ministerial Meeting will be held tomorrow (March 5), reported SPA citing Secretary-General of the Gulf Cooperation Council (GCC) Jasem Albudaiwi. The meeting will bring together, the foreign ministers of the GCC states and the European Union (EU) member states.
Saudi utility major Acwa has reported solid results for FY 2025 with its revenue soaring to hit SAR7.41 billion ($1.97 billion) and its net profit recording a 60% growth over the previous year as higher operating income and stronger contributions from operating assets lifted earnings.
Etihad Rail has safe and efficient transported more than 350 passengers between Al Ghuwaifat Station in the Al Dhafra region in Abu Dhabi and Al Faya Station in Abu Dhabi as part its 'exceptional' services.
The UAE Ministry of Education (MoE) and the Ministry of Higher Education and Scientific Research (MoHESR) announced Spring break for students and academic and administrative staff across schools and universities in the country from March 9 to March 22.
A United States submarine torpedoed and sank an Iranian warship in international waters off Sri Lanka’s southern coast on Wednesday, US Defense Secretary Pete Hegseth confirmed, in an incident that has heightened tensions in the Indian Ocean.
Saudi Arabia said on Wednesday that an attempted drone strike targeted the Ras Tanura Refinery, the Kingdom’s largest oil processing facility, but caused no damage and did not disrupt supplies.
UAE-based Imtiaz Developments said it has achieved a key milestone by becoming the first developer in Dubai to complete and hand over a signature residential project at Dubai Islands. This feat was made possible with the successful delivery of Beach Walk by Imtiaz.
Shipping insurers are likely to re-examine their ability and willingness to provide cover due to the present situation around the Arabian Gulf, International Union of Marine Insurance (IUMI) has said.
The Ajman Department of Tourism, Culture and Media (ADTCM) has strengthened its strategic presence in the European market by signing a cooperation agreement with Coral Travel, one of the leading tour operators in Germany, Austria, and Switzerland.
Shipping insurers are likely to re-examine their ability and willingness to provide cover due to the present situation around the Arabian Gulf, International Union of Marine Insurance (IUMI) has said.
The future of the Saudi heavy construction equipment market appears promising, driven by ongoing government initiatives and urbanisation trends. Under its Vision 2030 initiative, the kingdom aims to invest over $500 billion in mega housing and urban development projects, thus driving demand for advanced machinery, said a report.
UAE-based Imtiaz Developments said it has achieved a key milestone by becoming the first developer in Dubai to complete and hand over a signature residential project at Dubai Islands. This feat was made possible with the successful delivery of Beach Walk by Imtiaz.
PureHealth, the largest healthcare group in the Middle East, and Yellow Door Energy, the leading sustainable energy partner for businesses in the Middle East and South Africa, have signed a master lease agreement to bring clean electricity to its network of hospitals and clinics in the UAE.
Dubai-based Union Properties has sealed a membership agreement with the Massachusetts Institute of Technology (MIT) through its globally recognised Industrial Liaison Programme in a move aimed at developing future-oriented models to help accelerate technology-led transformation in real estate.
UAE-based 2PointZero Group, a next-generation investment powerhouse focused on energy and consumer sectors, has acquired a majority stake in ISEM, a major European packaging group with interests in beauty, fashion, luxury and nutraceuticals, for AED704 million ($192 million).
The OPEC Fund for International Development (The OPEC Fund) committed a record $3.2 billion to development operations in 2025, the highest annual volume in the institution’s history, and a 39 percent increase year-on-year.
Zoho Corporation, a global technology company, marked its 30th anniversary on Thursday with the announcement that it is now a trusted technology provider to more than one million paying customers and more than 150 million users globally.
New Murabba Development Company, a wholly-owned subsidiary of Saudi Arabia's sovereign wealth fund PIF, has signed a strategic agreement with Electric Vehicle Infrastructure Company (Eviq) for deployment of EV charging infrastructure across key assets within its giga project - New Murabba.
The foreign ministers of the Gulf countries and the European Union (EU) strongly condemned the unjustified Iranian attacks targeting GCC states, considering them a direct threat to regional and global security. In a joint statement issued after an extraordinary meeting, the ministers called on Iran to immediately halt its attacks.
Saudi Arabia has announced that a cruise missile was intercepted and destroyed east of Al-Kharj Governorate.
