Global Village Dubai Extends Closing Date Until Eid Al Adha Holidays
UAE Announces Extension Of E-Invoicing Provider Deadline To October 2026
Kuwait Hands Life Sentences, Fines Seven Over Multi-Million Dinar Public Fund Fraud
UAE Helps Arrest Fugitive Convicted In Money Laundering Case In Kuwait
Aramco Posts SR122 Billion Q1 Profit As East-West Pipeline Hits Full Capacity
Global Village Dubai Extends Closing Date Until Eid Al Adha Holidays
UAE Announces Extension Of E-Invoicing Provider Deadline To October 2026
Kuwait Hands Life Sentences, Fines Seven Over Multi-Million Dinar Public Fund Fraud
UAE Helps Arrest Fugitive Convicted In Money Laundering Case In Kuwait
Aramco Posts SR122 Billion Q1 Profit As East-West Pipeline Hits Full Capacity
2 months ago
Five Gulf nations that host U.S. military installations claim they have collectively shot down more than 1,500 Iranian missiles and drones since the United States and Israel launched their joint attack at 9:45 a.m. Tehran time on Feb. 28. The United Arab Emirates (UAE)—whose forces have battled Tehran-backed Houthis in Yemen—has borne the brunt of the Iranian attacks. While numbers are fluid and reported timelines varied, as of 6 p.m. ET on March 1—2:30 a.m. March 2 in Iran—the UAE Ministry of Defense reported it had knocked down 165 ballistic missiles, two cruise missiles, and more than 540 drones. Debris from destroyed projectiles crashed into several Abu Dhabi residential neighborhoods, killing at least one civilian, the ministry reported, also stating that at least three people have been killed in Iranian strikes in UAE. The attacks are “a blatant violation of national sovereignty and international law,” the ministry said in a statement, warning UAE would “take all necessary measures to protect its territory, citizens and residents, and to safeguard its sovereignty, security and stability.” Bahrain’s military said March 1 that its air defense systems had intercepted at least 45 missiles and nine drones, with the U.S. Navy’s Fifth Fleet headquarters in […]
2 months ago
In its scenario analysis of how the Iran war could impact energy markets, Goldman laid out a section dedicated to nat gas, and specifically LNG, which like oil, is one of the commodities that is especially reliant on prompt passage through he Straits of Hormuz to reach its destination. Specifically, unlike oil which Goldman calculated had already priced in substantial war risk premium, “European gas (TTF) and spot LNG (JKM) prices have embedded little-to-no risk premium until this past Friday” and so, the bank saw “significant upside risk to prices from a potential sustained disruption of LNG supply through the Strait of Hormuz. In a scenario where flows halt for one month, we think it is likely that TTF and JKM could approach 74 EUR/MWh ($25/mmBtu) — 130% above current levels — a threshold that triggered large natural gas demand responses during the 2022 European energy crisis.” Here we go again: Europe among most exposed to Hormuz, with Goldman warning of massive 130% upside risk for European (TTF) gas prices, potentially hitting 74 EUR/MWh, if LNG flows are blocked https://t.co/yD07qFkNk4 — zerohedge (@zerohedge) March 2, 2026 Below we excerpt the key sections from the must read report (especially to European energy traders as we will […]
2 months ago
Qatar’s Financial Markets Authority has announced the implementation of remote working for its employees and for all licensed entities under its supervision, effective from Tuesday until further notice, in line with a previously issued statement on flexible working arrangements. In a post on X, the authority said that each entity would determine which staff members are required to attend their workplaces based on the nature of their duties. The decision comes as institutions across the region continue to adopt precautionary measures and operational adjustments in response to evolving circumstances. Over the past three days, the region has witnessed a sharp escalation in tensions involving Iran, the United States and Israel, with a series of military strikes, retaliatory drone and missile attacks, and heightened security alerts across several Middle Eastern countries. Governments and financial institutions have moved to activate precautionary measures and contingency plans to ensure business continuity, safeguard employees and maintain the stability of critical services amid growing uncertainty. READ MORE: Qatar Halts LNG Output After Drone Attack On Key Energy Facilities
2 months ago
QatarEnergy has announced a halt to the production of liquefied natural gas and related products following a military attack on its operational facilities in Ras Laffan Industrial City and Mesaieed Industrial City. The move came after Qatar said on Monday that two Iranian drones had targeted energy installations without causing any casualties. According to a statement from the Qatari Ministry of Defence, the drones struck a water tank at the Mesaieed power plant, and a facility linked to QatarEnergy in Ras Laffan Industrial City. Authorities said an assessment of the damage and losses would be carried out by the relevant entities. The ministry called on citizens and residents to remain calm, adhere to instructions issued by security authorities and avoid spreading rumours, urging the public to rely on official statements for accurate information.
2 months ago
Considering the volatile state of affairs across the Middle East, it is best to be prepared for any eventuality. Below is a list of emergency numbers to use, should the situation call for it. Bahrain Emergency numbers in Bahrain. UAE Emergency numbers in the UAE. Qatar Emergency numbers in Qatar. Kuwait Emergency numbers in Kuwait. Saudi Arabia Emergency numbers in Saudi Arabia. Oman Emergency numbers in Oman. READ MORE: Officials Confirm Availability Of Essential Goods Across Bahrain
2 months ago
Qatar announced that its Armed Forces successfully repelled a large-scale Iranian attack targeting its territory with 65 ballistic missiles and 12 drones, strongly condemning what it described as a dangerous escalation and affirming its full and legitimate right to respond. Qatar News Agency reported that the attack resulted in eight injuries ranging from critical to moderate, in addition to material damage to property, with no fatalities recorded. Spokespersons at a joint press conference held by the Ministries of Defense, Interior and Foreign Affairs stated that 63 missiles and 11 drones were intercepted and shot down, while two missiles reached Al Udeid Air Base and one drone targeted an early warning radar. On the ground, specialised teams responded to 114 reports of falling debris in various areas across the country, while early warning alerts were activated urging residents to remain indoors, avoid rumors and refrain from photographing the aftermath of the attack. On the diplomatic front, Qatar’s Ministry of Foreign Affairs described the attack as a flagrant violation of national sovereignty and a threat to regional security. It also expressed full solidarity with the United Arab Emirates, Saudi Arabia, Kuwait, Bahrain and Jordan over the violations affecting their sovereignty. Doha further […]
2 months ago
Iran launched retaliatory strikes targeting Israel and US assets across the Middle East, hitting sites in Qatar, the UAE, Kuwait, Bahrain, Syria, Jordan, and Iraq – soon after the Trump-ordered ‘Operation Epic Fury’ started, which appears aimed at accomplishing regime change in Iran. Multiple explosions rocked Tehran, with additional blasts reported in several other locations nationwide, soon after which several countries across the region closed their airspace once it was bombs away, and as the cross-border attacks intensified. Israel is expected to get hit hard in the Iranian retaliation, which has been underway for hours at this point. Al Jazeera is citing West Bank residents who’ve observed loud explosions overhead of Israel’s defense system intercepting Iranian missiles. “So far, there have been no reports of injuries in Israel, even though on social media we have seen reports of direct impacts,” Al Jazeera writes. Sirens are sounding in Tel Aviv and across central Israel amid Iran’s retaliatory ballistic missile attack, with the IDF saying its is working to shoot them down. Not much in the way of confirmed images or video have come out of Israel at this point. Israel has announced it along with the US have targeted Supreme Leader Khamenei […]
2 months ago
Several Gulf countries have closed or suspended their airspace after a sharp escalation in regional hostilities, following airstrikes targeting Iran. Authorities in Qatar, Kuwait and the UAE confirmed closures late on February 28, as explosions were reported in Tehran and Israel announced a military operation against Iran. This is a rapidly evolving situation. Please refresh for updates. UAE: Partial airspace closure The General Civil Aviation Authority (GCAA) announced the temporary and partial closure of the UAE’s airspace as an exceptional precautionary measure. The regulator said the move followed a comprehensive assessment of security and operational risks, in coordination with national and international authorities. It stressed that aviation safety and the protection of the UAE’s air sovereignty remain absolute priorities. Passengers have been urged to contact their airlines for updates, with carriers instructed to provide accommodation and assistance where needed. Qatar: Air traffic suspended The Qatar Civil Aviation Authority confirmed a temporary suspension of all air traffic in the country due to heightened security concerns. Qatar’s Ministry of Defence later said it had successfully thwarted a number of attacks targeting the country, adding that missiles were intercepted before reaching Qatari territory. Authorities described the security situation as stable and under control. […]
2 months ago
Several US bases in Kuwait, UAE, Qatar and Bahrain are under attack by Iran’s Revolutionary Guards, Fars news agency reported. A center for the US Fifth Fleet headquarters in Bahrain has been hit in a “missile attack”, Bahrain said Saturday, as Iran vowed retaliation following US and Israeli strikes. “The Fifth Fleet’s service center was subjected to a missile attack. We will provide you with details later,” Bahrain’s National Communication Centre said, in a statement. “The siren has been sounded due to a hazard,” said an interior ministry alert sent to residents’ mobile phones. AFP correspondents in Manama also reported hearing the siren. Emergency sirens meanwhile were heard near US bases in Qatar, AFP correspondents reported. An Iranian missile was intercepted by Qatari missile defense, an official said. Abu Dhabi residents told AFP they heard loud explosions in the Emirati capital on Saturday, after the US and Iran launched strikes on Iran, which has vowed retaliation. The UAE successfully intercepted several Iranian missiles, state news agency WAM reported. “The competent authorities in the country also dealt with the fall of shrapnel on a residential area in the city of Abu Dhabi, which resulted in some material damage and the death […]
2 months ago
US food delivery giant DoorDash is shutting down operations in Qatar, Japan, Singapore and Uzbekistan, the company confirmed, as it recalibrates its international expansion strategy to focus on markets where it can build long-term scale. The decision follows what DoorDash described as a “monthslong review” of country-specific conditions. “Our priority is supporting our teams and partners through an orderly transition as we focus on the geographies where we can offer the best products and build for long-term success,” said Miki Kuusi, head of DoorDash’s international division. The move is expected to have no material impact on DoorDash’s financial guidance, and the company’s shares rose in US trading following the announcement. Qatar: A highly competitive delivery market According to Reuters, DoorDash’s exit from Qatar comes amid intense competition in the Gulf’s fast-growing online food delivery sector. The Qatari market is dominated by regional players including Talabat, owned by Germany-based Delivery Hero, which has operated in Qatar for nearly a decade. UK-founded Deliveroo, which DoorDash acquired last year, had entered Qatar in 2022 but struggled to displace established rivals. Qatar’s delivery ecosystem has expanded rapidly in recent years, driven by high smartphone penetration, urban density and a strong preference for app-based ordering. […]