The UAE has thwarted “advanced and coordinated” hacking campaigns targeting its aviation, energy and education sectors, the country’s Cyber Security Council said. The activity included attempts to bre
Saudi Arabia’s AI and cloud expansion by 2030 would require up to $42 billion in project capital, including $32 billion of debt, if around half of its announced data centre capacity is delivered, acco
Oil prices showed little movement on 10 Aug, Monday, after early gains faded, as progress on talks to reopen the Strait of Hormuz was clouded by continued demands from Iran, reported Reuters.
More than 200 containers destined for the UAE went missing at sea. Freight costs for a single container from Europe rose from $3,000 to $17,000 in a matter of weeks. Air freight rates climbed three to
Conflicting accounts of why Egypt stayed out of the agreement have exposed the competing interests shaping the region’s emerging defense architecture.
Emirates Global Aluminium (EGA) said its Al Taweelah smelter in Abu Dhabi is expected to reach pre-war capacity by the first quarter of 2027. The smelter is operating at 18 percent, the company said i
Brent holding $80-85 range. OPEC+ discipline intact through Q3. Non-OPEC supply growth slowing. Asian demand forecast revised up 0.4% by IEA.
GCC bank profits up 18% YoY. NIMs stabilizing. Loan growth strongest in Saudi (22%) and UAE (16%). DIFC: 47 new fintech licenses Q1.
Dubai residential transactions hit AED 42B in April — monthly record. Saudi giga-project awards reached $18B Q1.
Gulf VC: $1.2B across 84 deals Q1. Saudi startups 37% of total. Fintech and logistics lead. 3 deals above $50M in Riyadh.
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