News
Profit drops at UAE's Gulf Marine Services after vessels evacuated
1+ day, 7+ hour ago (315+ words) The UAE's Gulf Marine Services (GMS), a London-listed provider of offshore support for oil, gas and renewables, said profit fell by about a quarter from January to March due to the Iran war. Earnings before interest, taxes, depreciation and amortisation…...
Iraq says $5bn Basra pipeline will create 15, 000 jobs
1+ day, 13+ hour ago (191+ words) Iraq's oil ministry expects the planned Basra-Haditha pipeline project to create 15, 000 local job opportunities. Mohammed Al Sudani, the country's caretaker prime minister, last month approved allocating $1. 5 billion to the $5 billion project. Work was delayed due to a lack of funds,…...
Champagne and binoculars on the Suez passage
1+ day, 10+ hour ago (771+ words) I don't like being separated from my passport when travelling, but I and my fellow passengers handed over our documents enthusiastically at check-in for the Crystal Serenity luxury cruise ship earlier this week. This was probably because the person receiving…...
Turkish EV producer Togg partners with Chinese giant
1+ day, 8+ hour ago (310+ words) Turkish electric vehicle maker Togg has struck a deal with a unit of the world's biggest battery producer to develop a range of small passenger vehicles for domestic and export markets. Togg's tie-up with Chinese company Contemporary Amperex Intelligent Technology…...
GCC trade with US slumps despite Saudi export growth
1+ day, 8+ hour ago (642+ words) US exports to the six GCC countries " Saudi Arabia, the UAE, Qatar, Bahrain, Oman and Kuwait " dropped sharply in March after logistics bottlenecks constrained international commerce in the first full month of the US-Israeli war with Iran. However, analysts have…...
Egypt's TGS wins deal to repair Lebanon gas network
1+ day, 9+ hour ago (390+ words) Egypt's'Technical Gas Services Company (TGS) has won a contract to work on Lebanon's gas infrastructure as the crisis-torn Arab nation prepares to receive natural gas through Jordan to fuel its poorly maintained power facilities. The project by TGS, a joint…...
Egypt clothes exports boosted by strong Western demand
1+ day, 9+ hour ago (89+ words) Arabian Gulf Business Insight | AGBI Egypt clothes exports boosted by strong Western demand Strong demand from the US and Europe for Egyptian products boosted the country's ready-made clothes exports in the first quarter of 2026. Register: It's easy and free AGBI…...
Trucking gains as Gulf logistics undergoes rapid change
1+ day, 10+ hour ago (829+ words) The Gulf's logistics sector is shifting from sea to land transport. The US-Israeli war with Iran has disrupted shipping, putting a truck-booking platform at the centre of the scramble to move goods. Tru KKer, a digital freight platform that connects…...
Saudi Arabia's PIF raises record $7bn in debt
1+ day, 10+ hour ago (266+ words) The Saudi Public Investment Fund has launched its largest-ever bond sale as the sovereign wealth behemoth seeks to maintain development spending despite the Iran war. The PIF, which controls more than $900 billion in assets, raised $7 billion of debt on Thursday…...
Food security on the front line of the Hormuz crisis | AGBI
1+ day, 11+ hour ago (707+ words) The UAE system is holding; supply chains have adjusted and shelves remain stocked Food security has moved to the front line of the US-Israel-Iran conflict, turning the Strait of Hormuz into one of the most acute pressure points in the…...