Business

Jun 05, 2026

The GCC Rail Network is one of the most ambitious transportation projects in the Middle East. Designed to connect six Gulf countries through a unified railway system, the project aims to improve trade, logistics, tourism, and passenger travel across the region. Here are six important facts about the GCC Rail Network and why it matters for the future of the Gulf economy.

Jun 05, 2026

CargoX has raised $250 million in a funding round led by BlueFive Capital to accelerate the expansion of its UAE autonomous freight network. The company plans to launch commercial driverless delivery operations in Abu Dhabi and Dubai while strengthening its technology, infrastructure, and international growth strategy.

Jun 05, 2026

AD Ports Group has announced its largest acquisition to date with the purchase of Brazilian port operator CLI for $835 million. The landmark deal marks the company's entry into Latin America and strengthens its position in the global agrifood logistics sector.

Jun 05, 2026

DMCC has launched a new business support package offering licence discounts of up to 25%, fee waivers, and operational incentives for more than 26,000 companies. The initiative aims to reduce business costs, improve cash flow, and help companies expand their operations in Dubai.

Jun 04, 2026

du has launched du Ventures, a $50 million venture fund in partnership with Shorooq to support high-growth startups across the UAE and the Middle East. The initiative will focus on AI, fintech, cybersecurity, cloud computing, gaming, and other emerging technologies, helping founders scale their businesses through funding, infrastructure, and strategic partnerships.

Jun 04, 2026

McLaren has unveiled the exclusive McLaren Artura 1000GP to commemorate the team's 1,000th Formula 1 Grand Prix start. Limited to just 10 units worldwide, the special edition model pays tribute to McLaren’s racing heritage and will debut alongside the anniversary MCL40 Formula 1 car during the Monaco Grand Prix weekend.

Jun 04, 2026

DMCC and DIFC Courts have strengthened their long-standing partnership, providing more than 26,000 Dubai-based companies with expanded access to dispute resolution, mediation, wills services, and digital economy legal support.

Jun 03, 2026

Sphere Abu Dhabi is a landmark $1.7 billion entertainment project coming to Yas Island. Scheduled to open in 2029, the venue will combine immersive technology, live entertainment, and cultural storytelling, making it one of the UAE's most iconic tourism destinations.

Jun 02, 2026

QatarEnergy has released Qatar June 2026 fuel prices, increasing Premium 91 petrol to QAR2.00 per litre while keeping Super 95 petrol and diesel unchanged. Fuel prices remain higher than February 2026 levels, reflecting ongoing market conditions.

Jun 02, 2026

Women business leaders across the Middle East are building stronger and more investment-ready companies, but access to investors and funding remains a key challenge. A new startup pitch event aims to connect female founders with investors while offering a $5,000 investment opportunity.

Jun 01, 2026

Toyota has announced a major production restructuring plan that will reduce overseas vehicle output by approximately 83,000 units by November 2026. The decision comes as weakening demand in the Middle East and ongoing supply chain challenges continue to impact the global automotive industry.