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Omniyat moves to steady nerves

Omniyat Holdings has said it has enough liquidity to handle its debt obligations after Fitch placed the Dubai ultra-luxury developer on Rating Watch Negative, citing geopolitical risk linked to the Iran war and the…

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Iran sets conditions for Hormuz transit

Iran has told global maritime authorities that foreign vessels may continue transiting the Strait of Hormuz provided they comply with Tehran’s…

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Saudi move deepens Iran rupture

Saudi Arabia ordered Iran’s military attaché, his assistant and three other embassy staff to leave the kingdom within 24 hours after…

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UAE condemns Iran strike on energy sites

United Arab Emirates authorities have condemned what they described as a direct attack on critical energy infrastructure after air defences intercepted…

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Air travel chaos spreads across Middle East

Global aviation networks faced sustained disruption as conflict involving Iran triggered widespread airspace closures across major Gulf transit hubs, grounding flights…

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Gulf markets face strain as Iran conflict deepens

Escalating hostilities involving Iran have entered a third week, prompting growing unease across financial markets in the Gulf as investors recalibrate…

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Ohana project records massive Yas Island sales

Luxury property developer Ohana Development has reported AED6 billion in sales within 72 hours for its Manchester City Yas Residences project…

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Dubai malls roll out Eid shopping rewards

Festive celebrations marking Eid Al Fitr are set to draw shoppers and families to Mercato and Town Centre Jumeirah, where a…

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Drone strike sparks blaze at Ruwais complex

A drone strike triggered a fire at a facility inside the Ruwais Industrial Complex in Abu Dhabi on Tuesday, prompting emergency…

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War risk premiums soar in Hormuz crisis

Maritime insurance costs for vessels operating near the Strait of Hormuz have surged dramatically as military confrontation involving Iran, Israel and…

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OpenAI robotics chief steps down over Pentagon AI deal

Senior hardware executive Caitlin Kalinowski has resigned from OpenAI, citing ethical concerns over the company’s agreement to provide artificial intelligence capabilities…

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Hormuz shipping grinds to a standstill

Commercial shipping through the Strait of Hormuz has slowed to an unprecedented crawl as hostilities linked to the war involving Iran…

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UAE markets shut for two days

  Trading on the Abu Dhabi Securities Exchange and Dubai Financial Market will pause on Monday and Tuesday after the Securities…

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UAE says security steady after Iran strikes

Security conditions across the United Arab Emirates remain stable, authorities have said, as regional tensions escalate following coordinated military strikes on…

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Qatar fund backs 5C credit push

Qatar’s $580 billion sovereign wealth vehicle is committing fresh capital to a private credit firm founded by former Goldman Sachs partners,…

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Starbucks India expands despite mounting losses

Starbucks Corp’s India venture is accelerating store openings and introducing new menu innovations, including protein foam coffee, as it deepens its…

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Aldar secures $1bn hybrid funding deal

Aldar Properties has raised $1 billion through a privately placed issue of subordinated hybrid notes to Apollo Global Management, bolstering its…

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Gulf heavyweights steer sustainable bond surge

United Arab Emirates and Saudi Arabia are set to dominate Middle East sustainable bond issuance this year, with total regional volumes…