The Gulf is set for more financial turbulence if the oil price doesn’t increase soon. That’s the word from financial services experts Standard & Poor's in their latest report. They say restraints on oil and gas prices have steered the GCC into an environment marked by weakening economic growth. The report’s economic projections for the GCC reflect a 2% decline in GDP growth for 2015 when compared to 2014.
UAE real estate sector records strong H1 growth
The UAE's real estate sector has maintained a strong performance during the first half of 2026, with data announced by authorities showing high levels of activity across several Emirates.
UAE-Lebanon Business Forum drives new wave of partnerships
The UAE and Lebanon are strengthening economic ties, with a new business council and four agreements signed to boost trade, investment and private-sector cooperation.
Meta agrees to pay $18 billion to settle US lawsuits over social media addiction
Meta Platforms will pay up to $18 billion over the next decade and strictly limit how teenagers use Facebook and Instagram under an agreement with nearly all US states to resolve claims it designed those social media platforms to addict children.
DXB welcomes 31.5 million guests in H1 amid regional disruptions
Dubai International (DXB) has welcomed 31.5 million guests during the first six months of 2026 following one of the "most challenging operating environments" in the airport's history.
Apple to launch next iPhone on September 9 in first major event under new CEO
Apple is set to host its next launch event on September 9, where the company is expected to unveil its newest iPhone series and potentially its long-awaited foldable phone.
