Saudi Arabia, Uruguay sign sports cooperation pact
Agreement covers exchange of programs, expertise and technology, with cooperation in sports medicine, anti-doping and Paralympic sport Saudi Arabia’s Minister of Sport and President of the Saudi Olympic and Paralympic Committee Prince Abdulaziz bin Turki bin Faisal signed a memorandum of understand»»»
China, India, Iraq...: Where Iran's $100 billion is frozen
Dubai: From bank accounts in China and Iraq to restricted funds in Qatar and South Korea, tens of billions of dollars belonging to Iran remain frozen abroad — and gaining access to that money has emerged as one of Tehran's top demands in negotiations with the Trump administration. According to a re»»»
Arada begins its London expansion with 172 apartments above Swiss Cottage station
Dubai: Arada has started the pre-launch phase of 100 Avenue Road, a 172-apartment residential development in London’s Swiss Cottage, marking the UAE-headquartered developer’s first London product after its acquisition of Regal last year. Sign up for our daily business newsletter, Cheques & Balances»»»
Trump once attacked Iran cash deals. Now he’s defending a $300 billion fund
Washington: US President Donald Trump is facing criticism over a proposed reconstruction and investment fund for Iran that could be worth up to $300 billion, with opponents arguing it resembles arrangements he fiercely criticised under former president Barack Obama, according to a CNN analysis. The»»»
Revolut moves closer to UAE launch after securing Central Bank licences
Dubai: Revolut has received Stored Value Facilities and Retail Payment Services licences from the Central Bank of the UAE, clearing a major regulatory step before the global fintech launches its local product offering. Sign up for our daily business newsletter, Cheques & Balances.The approval follo»»»
AI-driven challenger banks are forcing traditional lenders to rebuild for a faster future
Dubai: Global banks could see profit pools fall by $170 billion by 2030 unless they move faster on AI, data and digital-first operating models, according to a new DIFC report that describes the industry’s biggest structural shift since the 2008 financial crisis. Sign up for our daily business newsl»»»
President Iotova Attends Launch of 2026 Harvest Near Lovech
Bulgarian President Iliana Iotova attended the opening of the Golden Harvest Lovech 2026 Campaign in the village of Drenov near Lovech on Wednesday. According to the head of State, the harvest tradition is passed down from generation to generation and reflects the Bulgarian people's rapport with th»»»
Who was Sai Karthik Varma Datla? Indian techie among 12 killed in Missouri skydiving plane crash
Dubai: An Indian technology professional who had built a promising career in the United States was among 12 people killed when a skydiving aircraft crashed and burst into flames shortly after take-off in Missouri, authorities said. Sai Karthik Varma Datla, 24, from Andhra Pradesh, died along with t»»»
Seoul to ease restricted zone for civilians near North Korean border - UPI.com
South Korea's Defense Ministry announced plans Wednesday to move the boundaries of the Civilian Control Line closer to the inter-Korean border. In this file photo, a South Korean military guard post is seen near the DMZ in Paju on February 12, 2021. File Photo by Thomas Maresca/UPI | License Photo »»»
UAE Central Bank completes Project Aperta to speed up secure cross-border financial data sharing
Dubai: The Central Bank of the UAE has completed Project Aperta, a cross-border open finance initiative designed to make international financial data exchange faster, safer and more efficient for businesses and financial institutions. Sign up for our daily business newsletter, Cheques & Balances.Th»»»
QNB brings together entrepreneurs, industry leaders to support Qatar’s next growth story
Doha, Qatar: QNB Group, a leading financial institution in the Middle East and Africa, has launched SME Local Business Boost, a series of events which aim to create sector-focused platforms that strengthen engagement across Qatar’s Small and Medium Enterprise ecosystem. The inaugural event brought »»»
Dubai gold prices ease after June rebound, but 24K stays above Dh520
Dubai: Dubai gold prices edged slightly lower on Wednesday morning, although the market remained well above the lows seen earlier this month as global bullion held near recent gains. (Check latest UAE gold prices here, alongside prices in Saudi Arabia, Oman, Qatar, Bahrain, Kuwait, and India.) Sign»»»
Will war-driven construction costs make Dubai homes more expensive for buyers?
Dubai: Dubai’s construction sector is still getting the materials it needs, but the war has made procurement costlier, slower and harder to predict as developers reroute cargo, lean more on regional suppliers and adjust buying plans. Sign up for our daily business newsletter, Cheques & Balances.The»»»
Egypt, Kenya discuss boosting African vaccine, drug manufacturing
Egypt and Kenya discussed expanding cooperation in healthcare and strengthening pharmaceutical security across Africa, focusing on local manufacturing of medicines and vaccines, reducing reliance on imports, and increasing the exchange of medical expertise. Egypt’s Ministry of Health and Population»»»
Eight big questions hanging over the US-Iran memorandum of understanding
Dubai: The United States and Iran have signed a memorandum of understanding (MoU) aimed at extending the ceasefire that ended months of conflict and creating a pathway towards a broader settlement. But while the agreement has eased immediate fears of renewed fighting, many of its most important pro»»»
UAE distributes over Dh46b in VAT and excise revenues after 15% rise
Dubai: The UAE distributed more than Dh46 billion in Value Added Tax and Excise Tax revenues to federal and local governments by the end of 2025, marking a 15% increase from the previous year, the Ministry of Finance said on Tuesday. Get updated faster and for FREE: Download the Gulf News app now -»»»
Sharjah hotel guests jump 22% to 2.1 million as revenues hit Dh780 million
Dubai: Sharjah’s hotels welcomed 2.1 million guests in 2025, a 22% increase on the previous year, as stronger airport traffic and new travel links helped drive demand across the emirate’s hospitality sector, according to Cavendish Maxwell. Get updated faster and for FREE: Download the Gulf News app»»»
No tolls, just fees? What Iran's plan for Strait of Hormuz means
DUBAI: Iran says it is not planning to charge ships tolls for passing through the Strait of Hormuz. Instead, it insists vessels will pay fees for services provided in one of the world's most strategically important waterways. The distinction may sound technical, but it lies at the heart of a growin»»»
DMCC is building a new platform to help firms read the future of global trade
Dubai: DMCC is planning to launch DMCC Campus and DMCC Intelligence, two new platforms designed to help businesses, governments and institutions navigate a global trade environment being reshaped by technology, geopolitics and economic change. Sign up for our daily business newsletter, Cheques & Ba»»»
Central banks see gold taking a larger share of reserves over the next five years
Dubai: Central banks are expected to keep buying gold over the next year, with reserve managers increasingly treating the metal as a strategic asset during periods of crisis, geopolitical uncertainty and pressure on the US dollar, according to the World Gold Council. (Check latest UAE gold prices h»»»
A $112b global credit firm is setting up in DIFC after DFSA approval
Dubai: Dubai International Financial Centre has welcomed Oak Hill Advisors after the global credit-focused alternative investment firm received regulatory authorisation from the Dubai Financial Services Authority to establish in the emirate. Sign up for our daily business newsletter, Cheques & Bala»»»
Mubadala backs a UK-Ireland power link that can support 380,000 homes
Dubai: Mubadala Investment Company has acquired $200 million of Equitix’s stake in Greenlink, a subsea electricity interconnector linking Great Britain with Ireland, in a deal that expands the Abu Dhabi sovereign investor’s presence in European energy infrastructure. Sign up for our daily business »»»
Dubai gold buyers watch Dh520 level after steep June drop and quick rebound
Dubai: Dubai gold prices dipped slightly on Tuesday morning, but remained above the Dh520 mark after a volatile month that saw local rates swing from early-June highs to a sharp mid-month drop before recovering again. (Check latest UAE gold prices here, alongside prices in Saudi Arabia, Oman, Qatar»»»
Abu Dhabi’s Dh55b PPP push could change how everyday infrastructure gets built
Dubai: Abu Dhabi’s Dh55 billion public-private partnership pipeline marks a major expansion of private-sector participation in infrastructure delivery, moving the emirate’s PPP model beyond its traditional base in power and water projects, according to S&P Global Ratings. Sign up for our daily busi»»»
'Some sleep in our home': Meet the Emirati in Dubai caring for 30 cats and rescuing animals from the desert and parks
Abdulkarim Ismail Al Zarouni might be a little reserved when it comes to speaking about himself. Yet, when it comes to rescuing abandoned cats from different corners of UAE, the stories begin to flow. And due to his efforts, in one corner of the city, nearly 30 street cats know exactly where to go »»»
Palm Jebel Ali moves closer to first villa handovers in Dubai
Dubai: Construction activity is progressing across key residential areas of Palm Jebel Ali, with the delivery of ultra-luxury villas currently underway and handovers scheduled to commence later this year. Sign up for our daily business newsletter, Cheques & Balances.In an exclusive interview with G»»»
South Korea’s Hyosung expands U.S. power equipment production - UPI.com
Hyosung, Quanta unit to produce high-voltage circuit breakers in Pennsylvania from October Hyosung Group Chairman Cho Hyun-joon. Photo by YONHAP / EPA June 14 (Asia Today) -- South Korea's Hyosung Group is expanding its presence in the U.S. power equipment market by establishing a local production »»»
Trump says 'let the oil flow', but Hormuz reopening still uncertain
Dubai: A fragile US-Iran framework agreement aimed at halting hostilities has been hailed by President Donald Trump as a diplomatic breakthrough — but key elements of the deal remain disputed, with uncertainty over the reopening of the Strait of Hormuz, sanctions relief and enforcement mechanisms. »»»
Akal Takht declares Punjab CM Bhagwant Mann ‘anti-Guru’, asks Sikh community to shun him
Dubai: The Akal Takht, the highest temporal authority of the Sikhs, on Monday declared Punjab Chief Minister Bhagwant Mann “anti-Guru” and “Panth Virodhi (anti-community)” and asked the Sikh community to sever all ties with him over an alleged objectionable video and a controversial law passed by t»»»
More British companies are choosing Dubai for expansion
Dubai: Dubai attracted 562 new British companies to its main chamber in the first quarter of 2026, as business links between the emirate and the UK continue to strengthen. Sign up for our daily business newsletter, Cheques & Balances.The new registrations brought the total number of active British »»»
Payasam spills on Kerala minister during free bus scheme launch
Dubai: A light-hearted but awkward moment marked the launch of Kerala’s flagship free bus travel scheme for women on Monday, when hot payasam (kheer) accidentally spilled on Women and Child Development Minister Bindu Krishna inside a crowded KSRTC bus in Kollam. The incident happened during the rol»»»
Gold, stocks and Bitcoin rally as oil drops after US-Iran deal eases market fears
Dubai: Global markets rallied on Monday after the US and Iran reached an interim agreement to end hostilities and reopen the Strait of Hormuz, easing concerns over energy supplies, inflation and the risk of further pressure on interest rates. Sign up for our daily business newsletter, Cheques & Bal»»»
DXN takes off: Noida International Airport begins operations. What to know about India’s newest aviation hub
Dubai: More than 70 kilometres from Delhi, India’s newest aviation gateway — the Noida International Airport in Jewar — officially began operations on Monday, marking a major milestone for western Uttar Pradesh and the National Capital Region (NCR). The first commercial flight, operated by IndiGo, »»»
Pakistan military aircraft crashes, killing two pilots
Dubai: A Pakistan Air Force trainer aircraft crashed in northwestern Pakistan on Monday, killing both pilots on board, the military said, in the second deadly aviation accident involving the armed forces in less than a week. The aircraft went down near the city of Mardan during a routine training s»»»
Stanford graduation disrupted as students walk out during Sundar Pichai speech over Israel deal
Dubai: Stanford University’s 2026 graduation ceremony was disrupted on Sunday when around 200 students walked out in protest as Google CEO Sundar Pichai took the stage, turning a celebration for thousands of graduates into a demonstration over the company’s ties to Israeli government contracts. As »»»
Hezbollah Military Media Releases Footage of Targeting Israeli Personnel Carrier in Ainatha, South Lebanon
Hezbollah Military Media released a footage displaying an Islamic Resistance drone attack on n “Israeli” enemy army armored personnel carrier in Ainatha town in southern Lebanon with an Ababil loitering glider [FPV]. #Watch | #Hezbollah fighters target an “Israeli” enemy army armored personnel carr»»»
6.2-magnitude quake strikes off southern Philippines
Dubai: A magnitude 6.2 earthquake struck offshore waters southeast of Mindanao on Monday afternoon, according to the Philippine Institute of Volcanology and Seismology (DOST-PHIVOLCS). Get updated faster and for FREE: Download the Gulf News app now - simply click here.In an advisory issued at 5.18p»»»
Gold shoppers face higher rates after Dubai prices rebound from last week’s lows.
Dubai: Gold prices in Dubai jumped on Monday, reversing last week’s drop and pushing retail rates back near the levels seen earlier this month. (Check latest UAE gold prices here, alongside prices in Saudi Arabia, Oman, Qatar, Bahrain, Kuwait, and India.) Sign up for our daily business newsletter, »»»
S. Korea's Lee says 'ember of hope' for dialogue with North still exists - UPI.com
South Korean President Lee Jae Myung said Sunday that the "ember of hope" for dialogue and cooperation with North Korea still exists. Lee made the remark during a speech at a mass held at the Basilica of Saint Paul Outside the Walls in Rome. Photo by Yonhap SEOUL, June 15 (UPI) -- South Korean Pres»»»
US-Iran deal tests fragile regional balance as Israel, Hormuz shape next phase
Dubai: A fragile US-Iran agreement to halt hostilities has been sealed — but not on the same timeline, and not in the same narrative — turning a breakthrough moment into a carefully choreographed duel over symbolism, timing and credit. Also Read: US–Iran deal talks: Pakistan signals 24-hour breakth»»»
Dubai’s new mega airport hits key milestone as 2032 opening stays on track
Dubai: Work on the Al Maktoum International Airport expansion continues according to the approved timeline, with Phase 1 scheduled to begin operations in 2032. Sign up for our daily business newsletter, Cheques & Balances.Contracts worth Dh13 billion are currently being executed, while more than 10»»»
‘No such thing as a lonely meal’: Meet the Dubai chef who quit corporate life to bring strangers together over food
Come freely. Go safely; and leave something of the happiness you bring. After an evening with Madame Vo, this particular Bram Stoker quote comes to mind. Lisa Vo, the mind behind the popular Dubai supper club, has built her entire concept around a simple idea: There's no such thing as a lonely meal»»»
Elon Musk’s X accused of allowing anti-South Asian racist slurs to remain online despite reports
LONDON: Newly-minted trillionaire Elon Musk’s social media platform X has been accused of failing to act against dozens of posts containing racist abuse directed at British politicians and public figures, including messages using the anti-South Asian P-word, despite repeated reports from campaigner»»»
Indian seafarers under attack near Iran-Oman waters
Dubai: Indian seafarers working on commercial vessels near Iran and the Strait of Hormuz have reported distress calls and alleged they are being targeted amid escalating maritime tensions in the region, while hundreds of sailors remain stranded at sea for months, according to official and crew acco»»»
Is the US–Iran deal really happening? Conflicting signals cloud talks
Dubai: Conflicting statements from Tehran, Washington and regional mediators have cast doubt over the status and timing of a proposed US–Iran peace framework, with Iranian officials signalling that no final decision has been taken on the agreement. The diverging messages highlight uncertainty over »»»
‘Insensitive friend’: US slammed after Indian sailors killed near Hormuz
Dubai: Congress MP Shashi Tharoor has sharply criticised the United States over the killing of three Indian crew members aboard a merchant tanker in the Gulf region, calling Washington an “insensitive friend” after it declined to express regret over the deaths. The remarks come amid rising diplomat»»»
Rs4.26 crore gold hidden in IndiGo aircraft speaker box seized at Ahmedabad airport
Dubai: Indian customs officials have busted a sophisticated gold smuggling attempt at Ahmedabad’s Sardar Vallabhbhai Patel International Airport, recovering nearly 2.8kg of gold worth about $510,000 (around Dh1.87 million) hidden inside an aircraft lavatory speaker box after a flight from a Gulf co»»»
Islamic Republic 3.0: Has the war made Iran stronger? What you need to know
Dubai: The war was meant to weaken Iran. Nearly four months after the war began, it may have done the opposite. Instead of regime change or nuclear rollback, analysts say Tehran has emerged more militarised, more risk-tolerant and still firmly in control of its strategic programme, according to The»»»
Dozens protest peace deal outside Iran foreign ministry: media
PARIS: Dozens protested Saturday outside a foreign ministry office in Iran’s northeastern city of Mashhad, chanting slogans against top diplomat Abbas Araghchi after a televised interview in which he discussed signing a peace deal with the US.In a video shared by Fars news agency, women in black ch»»»
UAE buyers are paying more for branded residences, but the real question is whether the name on the building is worth the premium
Dubai: UAE property buyers are hearing the term “branded residences” more often, but what does it actually mean, and why are investors paying a premium for them? Sign up for our daily business newsletter, Cheques & Balances.Put simply, branded residences are homes linked to a recognised hotel, hosp»»»