The Gulf Economy

All about The Gulf Economy

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News

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News

Aldar Properties Jumps 8% in Relief Rally Linked to Oil Cycle and Gulf Economy

Shares of Aldar Properties, the UAE's largest listed developer, rose 8% during a relief rally, highlighting a tight correlation between the stock's performance, the oil price cycle, and confidence in the Gulf economy.

8/24/2026
News

Air Arabia Soars 7% on Hormuz Hopes, Remains Hostage to Geopolitical News

Air Arabia's stock rose 7% in a relief rally linked to de-escalation in the Strait of Hormuz and summer travel demand, while regional aviation stocks remain vulnerable to geopolitical news fluctuations.

8/24/2026
News

Dubai and Abu Dhabi Indices Falter Under Pressure from Hormuz Crisis Despite Partial Recovery

The Dubai and Abu Dhabi indices end trading with an annual loss exceeding 2%, under the weight of the Strait of Hormuz crisis that impacted investor appetite, despite a partial recovery in recent months.

8/24/2026
News

UAE Markets Resume Trading with Minor Losses After Two Halts Linked to Tensions with Iran

The Dubai Financial Market and Abu Dhabi Securities Exchange resumed trading following two halts during the current quarter, with Dubai's index closing down just 0.04%, signaling relative resilience despite tensions with Iran.

8/23/2026
News

UAE Ranks First in Middle East Startup Funding with $1.2 Billion in First Half

The UAE led startup investments in the Middle East during the first half of 2026 with $1.2 billion across 83 deals, followed by Saudi Arabia with $259 million and Egypt with $158.9 million.

8/22/2026
News

Gulf States Face 2.4% Contraction as UAE Injects $2 Billion into Damascus Metro

Gulf economies are projected to contract by 2.4% in 2026 due to regional tensions, while the UAE injects $2 billion into the Damascus Metro project as part of a wave of Gulf investment in Syria.

8/22/2026
News

UAE Stock Exchanges Hit Record Highs Following First Exceptional Closure in Their History

UAE stock exchanges registered record levels once again following the first exceptional closure in their history, with Dubai rising to 5,708 points and aviation, banking, and real estate stocks climbing between 6% and 8%.

8/22/2026
News

Saudi Arabia Mandates 70% Saudization for Project Management and GCC Unifies Property Ownership Rules

Saudi Arabia has issued a decision mandating the localization of 70% of project management jobs starting February 2027, while the GCC approved a unified framework for property ownership among Gulf citizens.

8/22/2026
The Gulf Economy | 60 Arabia