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Dubai-based global ports operator DP World is planning a major expansion of the UAE’s maritime infrastructure by developing a new multipurpose port and container terminal on the country’s eastern coast. The proposed facilities, located in the emirate of Fujairah along the Gulf of Oman, are intended to reduce dependence on the Strait of Hormuz—a vital…

Saudi Arabia’s Real Estate Price Index (REPI) increased 1.3 percent year on year in the second quarter of 2026, supported by higher residential and agricultural property prices, according to the General Authority for Statistics (GASTAT). The gains outweighed continued weakness in the commercial real estate segment, reflecting mixed trends across the Kingdom’s property market. Residential…

Global oil prices surged above $90 a barrel for the first time in more than a month on Monday as escalating military tensions between the United States and Iran heightened fears of disruptions to energy supplies through the Strait of Hormuz, one of the world’s most critical oil shipping routes. Brent crude, the international benchmark,…

The International Centre for Artificial Intelligence Research and Ethics (ICAIRE) has reaffirmed the critical role of responsible artificial intelligence (AI) in advancing sustainable development and improving lives worldwide. Speaking during the International Decade of Sciences for Sustainable Development Global Conference (IDSSD 2026) at UNESCO Headquarters in Paris, ICAIRE emphasised that strengthening AI capacity across communities…

The U.S. Energy Information Administration (EIA) has reported a decline of 1.7 million barrels in the country’s commercial crude oil inventories for the week ending July 10, 2026, reflecting steady refinery demand and ongoing shifts in petroleum supply dynamics. Excluding the Strategic Petroleum Reserve (SPR), total commercial crude oil stocks stood at 409.7 million barrels,…

DP World is planning to develop a new multipurpose port and container terminal on the east coast of the United Arab Emirates as part of a strategy to reduce its dependence on the Strait of Hormuz, one of the world’s most critical yet geopolitically sensitive shipping routes. According to the Financial Times, the Dubai-based port…

By the 1940s, nearly a decade after oil was first discovered in Saudi Arabia, Safaniyah Aramco had established a strong presence as an onshore operator across the Kingdom’s Eastern Province. Years of exploration, production, and geological studies had provided the company with a detailed understanding of the region’s subsurface formations, giving its exploration teams increasing…

The Middle East’s aviation industry is entering one of its most competitive phases yet. The launch of commercial ticket sales and scheduled operations by Saudi Arabia’s Riyadh Air signals a significant shift in the regional airline landscape, challenging the long-standing dominance of established Gulf carriers. Backed by Saudi Arabia’s Public Investment Fund (PIF), Riyadh Air…

Major airlines in the UAE Flights, including Emirates and Etihad Airways, are continuing to operate largely as scheduled despite renewed geopolitical tensions in the Middle East following the end of the interim peace agreement between the United States and Iran. While the latest escalation has raised concerns over regional air travel, the UAE’s aviation sector…

Global airlines are slowly restoring services to parts of the Middle East following widespread disruptions triggered by the conflict after U.S. and Israeli strikes on Iran. While several carriers have resumed operations on select routes, many continue to suspend or delay flights due to ongoing security concerns and operational challenges. Global Airlines Extend Suspensions Several…