News
Iran to allow safe passage of Philippine ships, says Manila
7+ hour, 19+ min ago (182+ words) The Philippines has received an assurance from Iran'that it'will allow the safe passage of Philippine-flagged vessels, fuel and Filipino seafarers through the Strait of Hormuz, Manila's foreign ministry said on Thursday. "During the call, the Iranian Foreign Minister assured the…...
PIF-backed Newcastle United in talks to fund new stadium
6+ mon, 1+ week ago (234+ words) English football club Newcastle United, which is backed by Saudi Arabia's Public Investment Fund (PIF), has reportedly started talks with banks about funding of a new stadium. The executives at the Premier League club are holding discussions on the feasibility…...
PIF-backed Newcastle United reports profit after stadium sale
1+ day, 6+ hour ago (401+ words) Saudi Arabia-backed Newcastle United FC has announced annual profit of "35 million ($47 million), buoyed by the sale of its St James" Park stadium and property assets to a company belonging to the club"s owners. The profit for the 12 months to…...
Turkey seeks Iran’s approval for Hormuz passage
1+ day, 8+ hour ago (189+ words) Turkey is in talks with the Iranian government to secure permission for 11 Turkish-owned ships to transit the Strait of Hormuz, transportation minister Abdulkadir Uralo'lu'said. Fourteen Turkish-owned ships remain in the strategic waterway,'the state-run Anadolu news agency reported, quoting the…...
A Houthi Red Sea return would deepen the strain on Gulf logistics
1+ day, 13+ hour ago (763+ words) With shipping volumes at record highs, stress on infrastructure has become critical As the US-Iran war moves into its second month, pressure on Gulf supply chains is intensifying. During the weekend, Iranian-backed Houthi militants launched missile strikes on southern Israel,…...
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2+ day, 10+ hour ago (15+ words) Iran conflict muddies Gulf view on Pax Silica and Imec'Arabian Gulf Business Insight | AGBI...
The Hormuz shipping crisis in numbers
2+ day, 7+ hour ago (479+ words) The Strait of Hormuz has become a floating patchwork of cargos, registries and declared identities " but in war, what a ship claims to be may be up for negotiation. Data shared with AGBI by maritime intelligence company Pole Star Global…...
AD Ports net profit rises 16% to $572m
2+ day, 15+ hour ago (263+ words) AD Ports Group said its 2025 revenues and profit grew by double digits, driven by its regional and global expansion strategy. Revenue was up 20 percent year-on-year to AED21 billion ($5.7 billion) last year, supported by the ports, economic cities and free zones and…...
Dubai South Properties awards $545m Hayat contract
3+ day, 7+ hour ago (268+ words) A multi-million-dollar contract has been awarded to a Kuwaiti developer to build Hayat, a luxury community in Dubai South near to Al Maktoum International Airport. Dubai South Properties, a state-backed developer, gave the contract to Mohammed Abdulmohsin Al Kharafi & Sons....
UAE hospitality chief banking on end of year recovery
3+ day, 14+ hour ago (636+ words) Sunset Hospitality Group, which runs a series of high-end restaurants and beach clubs in Dubai, expects sales from its core UAE business to drop by as much as half this year as the Iran conflict hits consumer sentiment. But the…...