Azerbaijan and Qatar also among emerging, unacknowledged alignment designed to squeeze Iranian economy, adds vice president.
Dubai Chambers announced the launch of a specialised Agentic AI training initiative for more than 14,000 private sector companies.
Oil rose for a second day as US-Iran hostilities deepened fears of prolonged disruption through the Strait of Hormuz, with Brent near $91 and only five commercial vessels a day crossing the waterway.
UAE property market recorded broad-based expansion across all major emirates during H1 2026, with Abu Dhabi transaction values more than doubling y/y.
US Central Command says it has diverted 70 commercial vessels and disabled three since resuming its naval blockade of Iran, which Tehran says has halted its oil exports.
Dubai Chambers has signed an agreement with India's Nasscom to draw Indian agentic AI and deeptech firms to the emirate, opening a channel to an industry worth $315bn across 3,500 companies.
The UAE has halted all trade, commercial exchanges and financial transactions with Iran until further notice, citing regional escalation, in a sharp deterioration of ties between Tehran and one of its most important trading partners.
Iranian mobile operators' roaming has reportedly been cut in the UAE, leaving Iranian residents and travellers unable to receive calls.
Iran's parliament speaker Mohammad Baqer Qalibaf says the Strait of Hormuz will not reopen until the US lifts oil sanctions, frees blocked assets and ends its blockade, tying the vital shipping route to a disputed accord he says Washington has failed
Armenian banks must now identify and freeze payments designed to slip past Western sanctions on Russia, under central bank rules that took effect on August 12.
Iran's foreign ministry says there is no 60-day deadline in its Islamabad understanding with the US and that it will not set policy under time pressure, distancing Tehran from the Western reading of a mid-June memorandum due to lapse on August 17.
Even in the country most alarmed by it, defence is a top national concern for fewer than one person in three, a Statista survey of 32 countries has found.
Russia's meat and feed exporters face a choice between two very different markets: Iran, slow and bureaucratic but predictable, and the Philippines, fast-growing but brutal on price.
The PR surge which heralded that the “tide is turning” in the Ukrainian conflict is ending up in a debacle. Ukraine can inflict tangible damage on the Russian economy but Russia can take it and give it back in spades.
The US military strategy has run into a dead end. Alternating strikes and ceasefires have done nothing to shift Iran's stated resolve, and the closure of the Strait of Hormuz has given Tehran the leverage to press its terms.
Service to Kazakh city may start next year. For now, UAE's national airline sees Uzbek capital as the better option.
US military munitions stockpiles have shrunk sharply since the war with Iran began, with the five-month-old conflict now the main driver of depletion even for weapon systems the US had previously donated heavily to Ukraine.
G7-linked tankers carried a one-year-high 36.2% share of Russia's crude exports in July, driven by Greek operators, even as Athens pushes back against EU sanctions rules and the shadow fleet faces tightening scrutiny.
Three threads are currently running in parallel: a genuine, if heavily caveated, diplomatic opening over Hormuz; a US naval blockade that keeps tightening even as those talks proceed; and a regional military campaign against...
The “Mecca Joint Defence Agreement” treats an armed attack on any of the three Sunni-majority states as an attack on all three, Turkish Foreign Minister Hakan Fidan said, and is “technically the same” as Nato's...