Perim or Mayum is a small island with enormous strategic value: it sits in the middle of Bab al-Mandab, the narrow gateway between the Red Sea and the Gulf of Aden.

Oil above $100 as Red Sea threat hits Asia routes

Tankers face month-long detours as Asian refiners seek alternatives, freight costs rise

Hormuz, Red Sea squeeze: How will oil get through??

Brent above $100 as Hormuz squeeze and Iran-backed Houthi gains threaten vital oil routes

Oil tankers navigate a key shipping route as disruptions put pressure on global energy flows. Illustrative image

Mubadala backs Luckin Coffee in $1 billion deal

Abu Dhabi investor takes a significant minority stake alongside Centurium Capital

Mubadala takes minority stake in Luckin Coffee in $1 billion deal

IHC, Adani sign MoU for 14 projects worth INR2.1t

Proposed projects could create around 868,200 jobs across industries

Abu Dhabi’s IHC, Adani sign MoU for 14 projects worth INR2.1 trillion in India’s Odisha

New Mombasa project targets 20,000 jobs

More than 60 companies have shown interest in the 222-hectare Special Economic Zone

More than 60 local and international companies have expressed interest in the Special Economic Zone, which is expected to support more than 20,000 direct and indirect jobs when complete.

Trade through Hatta jumps 175% to Dh37 billion

More than 108,000 loaded trucks crossed Hatta as trade flows accelerated in H1 2026

Dubai-Hatta trade jumps 175% to Dh37.08 billion in six months

iPhone 18 Pro vs iPhone 17 Pro: Worth the upgrade?

iPhone 18 Pro: Leakers point to 'big' upgrades, know what's actually new

iPhone 18 Pro rumours: Under-display Face ID and Burgundy colour spotted.

Dirham gains against INR, PKR and PHP. Remit now?

Quick look at current exchange rates - as of September 9 - against the UAE dirham

Planning on remitting Indian rupee, Pakistan rupee or Philippine peso? Here’s how you can take advantage of remittance-beneficial rates and when.

IHC makes major move into UAE satellite sector

Deal adds satellites, AI-enabled Earth observation and advanced manufacturing

IHC moves to acquire 80% of Marlan Space in major UAE satellite push

How 22-year-old pulled off $245m Bitcoin heist

Scammers posed as Google and Gemini representatives to steal over 4,100 Bitcoin

This Justice Department grand jury superseding indictment against Malone Lam and his co-defendants.

UAE updates VAT rules businesses need to know

New rules cover input tax, cash payments, staff housing and medical products

Retailers need to go over all the potential elements in play when applying VAT to discounts.

Odisha courts UAE investors in push for $500b economy

Indian state targets UAE investment across energy, logistics, manufacturing and tech

Chief Minister Mohan Charan Majhi tells Gulf News the state wants UAE partnerships in manufacturing, clean energy, logistics, tourism and technology

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