Maritime security becomes a major concern for regional energy trade The UAE has condemned an attack on two vessels affiliated with state energy company ADNOC while they were transiting the Strait of Hormuz. No injuries were reported. The UAE Ministry of Foreign Affairs described the incident as a serious violation of freedom of navigation and […]
UAE Condemns Attack on Two ADNOC-Linked Vessels Read More »
Diversification and alternative export routes help limit the economic impact The Gulf economy has demonstrated more resilience than some early forecasts suggested, although prolonged disruption around the Strait of Hormuz continues to create significant risks for trade, energy exports and supply chains. The National reports that the economic shock has become more complicated than a
Gulf Economy Shows Resilience Despite Prolonged Regional Disruption Read More »
New flexibility supports construction and home-development projects The Abu Dhabi Housing Authority has extended the activation period for construction, demolition, reconstruction and home-maintenance loans by two years. The move is designed to give Emirati beneficiaries additional time to plan and complete housing projects while dealing with changing construction costs, contractor availability and project requirements. The
Abu Dhabi Extends Housing Loan Activation Period by Two Years Read More »
Major electricity infrastructure planned for the 6-million-square-metre Expo site Saudi Energy and Expo 2030 Riyadh have signed an agreement covering electricity supply and infrastructure for the future World Expo site in Riyadh. The agreement represents another major step in preparing the site for the international event. The planned infrastructure includes a main supply substation, three
Saudi Arabia Signs Power Agreement for Expo 2030 Riyadh Read More »
Economic partnership network expands to 38 deals The UAE’s non-oil foreign trade has reached a record $527 billion, highlighting the country’s continued push to diversify its economy beyond hydrocarbons. The expansion comes alongside a growing network of international economic partnership agreements, which has now reached 38 deals. The development is significant for the UAE’s long-term
UAE Non-Oil Trade Hits Record $527 Billion Read More »