Dubai Gold Prices Drop to Lowest Level Since Mid-March as Global Markets Weaken

Financial
Dubai gold prices opened lower on Wednesday as traders reacted to changing global market conditions. The precious metal recorded its weakest local performance since mid-March. As a result, buyers closely monitored jewellery shops and bullion markets across the United Arab Emirates. Dubai gold prices declined by Dh4.5 per gram during early trading hours. The drop pushed 24K gold to Dh537.75 per...
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Saudi Arabia Opens New Four Seasons Red Sea Resort on Shura Island as Tourism Expansion Accelerates

Red Sea resort developments reached a major milestone as a new luxury destination opened on Shura Island this week. The large-scale project forms part...

UAE Workforce Maintains Strong Performance Across Hospitality, Retail, and Logistics Industries

The UAE workforce continues to show resilience despite rising regional tensions and market uncertainty. New data revealed only a slight decline in frontline employment...

Kuwait Hosts Global Launch of Porsche Sadu Edition Honoring Regional Automotive History

Porsche Sadu Edition has arrived in Kuwait to celebrate the brand’s long history in the Middle East. The luxury automaker introduced the exclusive model as part...
News

Saudi Arabia Opens New Four Seasons Red Sea Resort on Shura Island as Tourism Expansion Accelerates

Red Sea resort developments reached a major milestone as a new luxury destination opened on Shura Island this week. The large-scale project forms part of Saudi Arabia’s growing tourism expansion along the Red Sea coast. Furthermore, the resort will begin welcoming visitors from May 20. The new Four Seasons Resort and Residences The Red Sea sits on Shura Island, the central...

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Qatar Banking Inclusion Expands for Elderly and People with Special Needs

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Qatar banking inclusion continues to advance as QNB Group rolls out new services for the elderly and people with special needs. The bank aims to create smooth and secure banking experiences for everyone, regardless of their age...
Bahrain

Ithmaar Bank Profit Report Shows Steady Growth Amid Market Shifts

Ithmaar Bank profit report confirms the Islamic retail bank is staying on track despite a challenging environment. The Bahrain-based institution posted BD1.34 million in...
Kuwait

Kuwait to Build Power and Steam Plant in Ratqa

Kuwait Petroleum Corporation (KPC) signed an MoU with the Ministry of Electricity, Water and Renewable Energy and Kuwait Oil Company (KOC) to build the...
Financial

Qatar Life Skills Program Reaches Thousands of Students

Qatar Life Skills Program continues to grow, and therefore Qatar Islamic Bank (QIB) and INJAZ Qatar work closely to empower young learners. This year,...
Investment

Saudi FDI Jumps 90% as Foreign Investment Gains Speed

Saudi Arabia closed 2025 with a major investment boost after foreign direct investment surged sharply in the final quarter. The latest figures point to...
Investment

Dubai Entrepreneur Launches Hybrid Fitness Venture

Cameron Gordon, a 30-year-old Dubai entrepreneur, left a stable nuclear engineering career in the UK to pursue his own business dreams. Within months of...
Uncategorized

BP Signs Deal to Develop Iraq’s Oil Fields with 20 Gboe Potential

BP, the UK-based oil and gas giant, has struck a significant deal with the Iraqi government to invest in the redevelopment of major oil...
Iraq

Chevron Iraq Deal Signals Major Energy Investment Push

Iraq has signed a principles agreement with Chevron for major oil exploration and development projects. Prime Minister Mohammed Shiaa Al-Sudani personally welcomed the deal,...
Iraq

Iraq’s Baiji Plant Supercharges Oil Output and Slashes Import Costs

Iraq has inaugurated a 50-megawatt power station at the Baiji refinery in Salahuddin province. This new facility delivers consistent electricity directly to refinery units....
Bahrain

Manchester Airport Flights Cancelled as Bahrain Airspace Remains Closed

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Manchester Airport flights cancelled today as Bahrain airspace remains closed, causing significant disruption to passengers and airlines. Gulf Air has suspended two scheduled flights, leaving travelers stranded and seeking alternatives. This disruption highlights the ongoing challenges in regional aviation...

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