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Qatar LNG vessel hit and damaged while transiting Strait of Hormuz

The vessel, Al Rekayyat, was loaded with liquefied natural gas and sent out distress signals seeking assistance after it was hit on its port side

Reuters
Reuters

07 July, 2026

Qatar LNG vessel hit and damaged while transiting Strait of Hormuz

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A Qatari LNG tanker suffered significant damage after the vessel was hit as it travelled through the Omani side of the Strait of Hormuz, four sources with knowledge of the matter said on Tuesday, after reports that Iran’s Revolutionary Guards fired missiles at ships transiting the waterway overnight.

It is the first time an LNG ship from Qatar, which is a mediator in the talks between Washington and Tehran, has been struck since the start of the Iran war at the end of February.

The vessel, Al Rekayyat, was loaded with liquefied natural gas and sent out distress signals seeking assistance after it was hit on its port side, one of the sources said, adding the crew were safe. The engine room was on fire and filled with smoke and the crew was unable to assess further damage, they added.

The reports underscored the persistent risks to shipping around the Strait of Hormuz despite the safe passage provisions included in an interim agreement between Washington and Tehran. Iran’s assertion of control over the narrow waterway between it and Oman, through which about a fifth of global oil shipments passed before the conflict, has emerged as one of the most contentious consequences of the US-Israeli war with Iran.

“Now if we use the 100 per cent safe Iranian waters, it means we are dealing with Iranians and admitting the SOH is under their control. If we pass through US/Oman, then you get hit,” one of the sources said.

“The US gives you permission to pass but if something happens on the way, they then say, ‘It is your decision to keep moving or go back’.”

The sources declined to be named because they were not authorised to speak with the media.

The Al Rekayyat is owned and managed by Nakilat, also known as Qatar Gas Transport Company Ltd, which operates one of the world’s largest LNG shipping fleets. LSEG shipping data showed it last transmitted its location on June 18, indicating it was travelling with its transponders switched off.

Renewed US threats

Axios earlier reported the IRGC fired at least two missiles at commercial ships transiting through the Strait of Hormuz on Monday night, citing two US officials. Two commercial ships suffered significant damage but there were no casualties, the report said, citing a US official.

The Al Rekayyat’s location at the time it was hit, given by one of the sources, matches the position described in an advisory from Britain’s maritime security agency, indicating it was the tanker involved in that incident. The United Kingdom Maritime Trade Operations agency (UKMTO) said the tanker was struck on its port side by an unknown projectile while travelling southbound about 8 nautical miles (15 km) east of Oman’s Limah, causing a fire. No casualties or environmental impact had been reported, UKMTO said.

Reuters could not immediately verify the Axios report, and could not determine whether the Al Rekayyat was among the two ships it described.

Nakilat, QatarEnergy, Qatar’s International Media Office and US Central Command did not immediately respond to requests for comment.

Indirect US-Iran talks ​ended last week without any public sign of headway toward ​a lasting peace, despite a 60-day ceasefire intended to ⁠create space for diplomacy to end the conflict.

President Donald Trump said on Monday the US would either reach a deal with Iran or “finish the job,” renewing his threat of military action as Tehran projects defiance following the funeral of Supreme Leader Ayatollah Ali Khamenei, who was killed in the initial US-Israeli attacks.

Iran’s Revolutionary Guards warned ships via maritime radio over the weekend that “our missiles and drones are ready to fire at you,” the Wall Street Journal reported on Monday, quoting from a recording it obtained.

Investors have been keeping a close eye on talks between the US and Iran over the fate of shipping through the Strait of Hormuz while tracking the recovery in Gulf oil exports.

Gulf Business Awards 2026 nominations open ahead of September event

The region’s leading business awards programme returns to celebrate companies and leaders driving innovation, growth and excellence across the Gulf

Gulf Business
Gulf Business

07 July, 2026

Gulf Business Awards 2026 nominations open ahead of September event

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Nominations are now open for the Gulf Business Awards 2026, inviting companies, entrepreneurs and senior executives from across the GCC to compete for one of the region’s most prestigious business accolades.

Scheduled to take place on September 23, 2026, in Dubai, the annual awards recognise outstanding achievements across the Gulf’s corporate landscape, celebrating organisations and individuals whose leadership, innovation and resilience continue to shape the region’s economy.

Now in its latest edition, the Gulf Business Awards has established itself as the region’s premier platform for recognising excellence across industries, bringing together business leaders, policymakers and decision-makers for an evening that honours those setting new benchmarks for performance and impact.

This year’s programme features 30 award categories spanning company, leadership and special recognition awards, reflecting the breadth of the Gulf’s fast-evolving business ecosystem.

Organisers are encouraging businesses of all sizes, from established corporations to fast-growing enterprises, to submit nominations that showcase innovation, commercial success, strategic leadership and positive impact within their industries.

Winning a Gulf Business Award provides organisations and executives with regional recognition, enhances brand credibility and offers an opportunity to stand alongside some of the Gulf’s most influential companies and business leaders.

Nominations are now open, with winners set to be announced during the Gulf Business Awards 2026 ceremony in Dubai on September 23.

To nominate, click this link: https://bit.ly/3RQ0PiH

To know more about the event: https://bit.ly/4wGXm5H

The full list of categories below:

Company Awards

  • Banking Company of the Year
  • AI Company of the Year
  • Tourism Company of the Year
  • Hospitality Company of the Year
  • Retail Company of the Year
  • Transport Company of the Year
  • Healthcare Company of the Year
  • Energy Company of the Year
  • Technology Company of the Year
  • Investment Company of the Year
  • Logistics Company of the Year
  • Resilient Company of the Year
  • Sustainability Company of the Year

Leader Awards

  • Banking Leader of the Year
  • AI Leader of the Year
  • Tourism Leader of the Year
  • Hospitality Leader of the Year
  • Retail Leader of the Year
  • Transport Leader of the Year
  • Healthcare Leader of the Year
  • Energy Leader of the Year
  • Technology Leader of the Year
  • Investment Leader of the Year
  • Logistics Leader of the Year
  • Resilient Business Leader of the Year
  • Sustainability Leader of the Year
  • Diversified Business Leader of the Year

Special Awards

  • Lifetime Achievement Award
  • Business Leader of the Year
  • Company of the Year

Miral’s Taghrid Alsaeed on creating a platform for lasting social and environmental impact

The vice chair of IMPACT by Miral discussed bringing together organisations, donors and experts to support conservation, community development and long-term sustainability in Abu Dhabi

Neesha Salian
Neesha Salian

07 July, 2026

Miral’s Taghrid Alsaeed on creating a platform for lasting social and environmental impact
Images: Miral

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As sustainability moves beyond corporate commitments to measurable action, businesses are increasingly seeking ways to create lasting social and environmental value through collaboration. At Miral, that ambition has taken shape through IMPACT by Miral, a platform developed in partnership with the Authority of Social Contribution, Ma’an, to support initiatives spanning conservation, education, health and wellbeing, arts and culture, and skills development.

Here, Taghrid Alsaeed, executive director of Marketing, Communications & Events at Miral and vice chair of IMPACT by Miral, explains why conservation was chosen as the platform’s first focus, how partnerships across the public, private and academic sectors are driving its initiatives, and what success will look like as the platform works to contribute to Abu Dhabi’s long-term social, environmental and economic development.

Many organisations are investing in social and environmental initiatives today. Why was it important for Miral to establish IMPACT by Miral?

We believe our responsibility extends beyond creating world-class destinations and experiences. The long-term success of our industry depends on thriving communities, protected natural environments, and a strong pipeline of future talent. That is why we established IMPACT by Miral.

Developed in partnership with the Authority of Social Contribution – Ma’an, the platform provides a structured and transparent way for organisations and individuals to support initiatives that are closely aligned with our sector and portfolio. From marine conservation and wildlife protection to education, skills development, health and wellbeing, and arts and culture, these are areas that contribute directly to building a more sustainable ecosystem for tourism, entertainment, and community development in Abu Dhabi.

Through IMPACT by Miral, we are bringing together partners, experts, and donors to invest in initiatives that create measurable outcomes today for future generations.

Conservation is the first area of focus for IMPACT by Miral. Why did you choose to start there, and what impact do you hope these projects will have?

Protecting the UAE’s natural environment is both a responsibility and an opportunity to create a lasting legacy. Through the Yas SeaWorld Research & Rescue Center, we have seen the value of advancing research, rescue, rehabilitation and education to improve knowledge and strengthen stewardship of the region’s wildlife and habitats. Building on this foundation, conservation was a natural starting point for IMPACT by Miral, enabling us to support programmes that address key environmental priorities and contribute to a more sustainable future.

The four priorities approved for 2026 reflect a focused approach to preserving the UAE’s marine and terrestrial ecosystems. While marine initiatives are built on the expertise of the Yas SeaWorld Research & Rescue Center, the terrestrial efforts will be led by Al Ain Zoo, drawing on its internationally recognised leadership in wildlife preservation. Together, they address critical needs facing the region, from tracking sea turtle populations across the Arabian Gulf and advancing AI-enabled sustainable aquaculture to protecting the Arabian Sand Cat in Abu Dhabi’s deserts and safeguarding the critically endangered Dama Gazelle.

By leveraging applied research, conservation genomics, AI and data-driven monitoring, these projects aim to enhance biodiversity, support food security and enable structured species conservation and reintroduction planning, helping safeguard the UAE’s natural heritage for future generations.

The Arabian wildcat. Image courtesy: Miral

One of the platform’s defining features is the range of organisations and experts involved. How important is collaboration to achieving meaningful impact?

Collaboration is fundamental to everything IMPACT by Miral aims to achieve. Environmental and social challenges cannot be addressed by any one organisation alone, which is why the platform unites expertise from across the public, private and academic sectors.

Through our Steering Committee and Advisory Working Group, we work alongside leading environmental, conservation and research institutions to ensure initiatives are aligned with Abu Dhabi’s priorities and supported by the expertise needed to deliver meaningful outcomes.

What would success for IMPACT by Miral look like over the next few years?

For us, success means creating a lasting and measurable impact across Abu Dhabi by supporting initiatives that strengthen our communities, protect our natural environment, and help develop future generations.

The approval of our first four conservation programmes marks an important milestone. In the coming years, we want to see tangible outcomes from these initiatives, whether through protecting wildlife, advancing conservation research, raising environmental awareness, or creating opportunities for community engagement.

Success will also be reflected in how IMPACT by Miral brings together organisations, donors and experts around a shared purpose to strengthen the impact of these initiatives and help deliver meaningful outcomes over the long term.

Ultimately, our ambition is for IMPACT by Miral to become a trusted platform that supports conservation, education and skills development, health and wellbeing, and arts and culture, helping to build a more sustainable ecosystem, nurture future talent, and contribute to Abu Dhabi’s long-term social and economic development.

Read: Dubai Holding to turn sea waste into soil on Palm Jumeirah

DMCC launches cybersecurity hub as tech sector tops 4,000 firms

DMCC Cyber will serve as a dedicated platform for more than 200 cybersecurity companies operating across cyber resilience, digital trust, data protection, identity management, and governance, risk and compliance (GRC)

Rajiv Pillai
Rajiv Pillai

07 July, 2026

DMCC launches cybersecurity hub as tech sector tops 4,000 firms
Image: Supplied

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DMCC has launched DMCC Cyber, a dedicated cybersecurity vertical, while formally establishing DMCC Tech, a unified technology platform bringing together its specialised innovation centres as the number of technology companies operating within its business district surpasses 4,000.

The launch comes as technology becomes the largest and fastest-growing sector within DMCC, reflecting Dubai’s continued emergence as a global hub for innovation and digital businesses. The technology community now accounts for more than 4,000 companies, prompting DMCC to expand its specialist ecosystem to meet the evolving needs of the sector.

DMCC Cyber will serve as a dedicated platform for more than 200 cybersecurity companies operating across cyber resilience, digital trust, data protection, identity management, and governance, risk and compliance (GRC). The initiative complements DMCC’s existing specialist centres and recognises the growing importance of cybersecurity in supporting the digital economy.

Ahmed Bin Sulayem, executive chairman and chief executive officer of DMCC, said: “Technology has become the largest and fastest-growing sector in our business district, reflecting Dubai’s position as one of the world’s leading destinations for innovation and high-growth businesses. As that community has expanded, so too has the need for more specialised platforms that support different segments of the technology economy. DMCC Tech brings these communities together under a single ecosystem, while DMCC Cyber reflects the growing importance of cybersecurity in an increasingly digital world. Together, they strengthen our ability to help technology companies establish, connect and scale internationally from Dubai, with direct access to one of the world’s most dynamic business communities.”

DMCC Cyber joins the DMCC AI Centre, DMCC Crypto Centre and DMCC Gaming Centre under the newly established DMCC Tech platform, with DMCC Quantum set to launch in the future. Collectively, the platform connects technology companies to DMCC’s wider network of more than 26,000 member companies spanning global trade, finance, commodities and emerging technologies.

The ecosystem already hosts international technology companies including CrowdStrike, PwC, CYFIRMA and FPT Software, highlighting the scale and diversity of DMCC’s technology community.

DMCC said the platform is designed to support the full spectrum of the digital economy, spanning artificial intelligence, cybersecurity, blockchain, gaming and emerging technologies. It also extends to rapidly developing sectors such as the space economy, where advances in satellite technology, earth observation and space-derived data are creating new commercial opportunities across industries including trade, finance, logistics and resource management.

The launch of DMCC Tech and DMCC Cyber forms part of the free zone’s broader strategy to strengthen Dubai’s position as a global technology and innovation hub while providing businesses with specialised ecosystems to support international growth, collaboration and digital resilience.

Warehouse Gym’s Kevin Texieria on what is determining the future of fitness

The future of fitness, Texieria argues, belongs to brands that operate as lifestyle platforms, not just gyms

Neesha Salian
Neesha Salian

07 July, 2026

Warehouse Gym’s Kevin Texieria on what is determining the future of fitness
Images: Supplied

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Fitness in the UAE is no longer cyclical. People join a gym for a few months, lose motivation, start again later. That pattern is breaking. Instead, fitness is becoming part of people’s identity and routine, embedded into daily life rather than treated as a temporary goal. The Dubai Fitness Challenge and government health initiatives have accelerated awareness, but the deeper shift is cultural: people now understand that health, energy, mental wellbeing and longevity require ongoing investment. That mindset is creating sustained demand across the entire fitness ecosystem and reshaping what gyms must become to earn loyalty.

Kevin Texieria, founder of Warehouse Gym, has watched this transformation firsthand. Starting with a single location in Al Quoz, the brand has expanded across Dubai and Abu Dhabi by listening to how consumers are changing and evolving alongside them. What began as a strength and functional training space has become a multi-modality ecosystem integrating training, recovery, wellness and community.

The brand’s expansion into Sheikha Fatima Park, First Avenue Mall and Ras Al Khaimah signals something larger: fitness demand is no longer concentrated in commercial districts. It is being integrated into residential, lifestyle and community-focused destinations where people are building their routines. The future of fitness, Texieria argues, belongs to brands that operate as lifestyle platforms, not just gyms.

The UAE’s fitness industry is on a strong growth trajectory, supported by rising participation rates and initiatives like the Dubai Fitness Challenge. From your perspective, what is driving this sustained demand for fitness services in the country?

The growth of the UAE fitness industry is being driven by a combination of government initiatives, greater health awareness and a broader shift in how people think about wellbeing. Programmes such as Dubai Fitness Challenge have played an important role in making fitness more accessible and visible, helping millions of people build healthier habits over the years.

More importantly, we’re seeing fitness move from being a short-term goal to becoming part of everyday lifestyle and routine. People are increasingly recognising that health, energy, mental wellbeing and longevity require ongoing investment rather than occasional attention. That mindset shift is creating sustained demand across the entire fitness ecosystem

Warehouse Gym started with a single location in Al Quoz and has expanded across Dubai and Abu Dhabi. What has been the core strategy behind that growth, and how has the brand evolved since launch?

The growth strategy has always been centred around building something authentic rather than simply opening more locations. When Warehouse Gym launched in Al Quoz, we weren’t trying to create a traditional gym. We wanted to build an environment that reflected the culture and energy of the fitness community we were already part of.

Over time, we’ve evolved from a strength and functional training-focused gym into a much broader fitness ecosystem. Today, our members want access to multiple training modalities, recovery services, coaching expertise and community experiences under one roof. Our expansion has largely been driven by listening to how consumers are changing and evolving the brand alongside them.

While the facilities, services and footprint have grown significantly, the core philosophy remains the same: create spaces where people genuinely enjoy spending time and can build long-term habits around health and fitness.

The traditional gym model is shifting toward experience-led fitness spaces that combine training, recovery, and social interaction. How is Warehouse Gym responding to that shift in consumer expectations?

This shift has been happening for several years. Consumers today expect far more than access to equipment. They’re looking for environments that motivate them, support their goals and fit naturally into their lifestyle.

At Warehouse Gym, that has meant continually expanding beyond traditional gym offerings. We have built a multi-modality model that combines strength training, functional fitness, group classes, recovery services, wellness experiences and community events within the same ecosystem.

The most successful fitness spaces today recognise that training, recovery and social connection are no longer separate categories. They are all part of the overall member experience. Our role is to create an environment where those elements work together seamlessly.

You’ve seen strong spikes in check-ins and class participation recently, including record usage levels. What does that tell you about changing consumer behaviour around fitness and routine?

It tells us that people are becoming more consistent and intentional with their fitness habits. Historically, many people approached fitness in cycles, joining a gym for a few months, losing motivation and then starting again later.

What we’re increasingly seeing is fitness becoming part of people’s identity and routine rather than something they do temporarily. Members are engaging with multiple parts of the business, whether that’s strength training, classes, recovery services or community events.

It also reflects the growing importance of accountability and community. People are far more likely to stay consistent when they feel connected to a culture, a group of people and an atmosphere that motivates them to show up. The energy inside a gym, the people around you and the sense of being part of something bigger all play an important role in building long-term habits.

That’s one of the biggest behavioural shifts we’ve seen over the last decade: people are no longer just looking for access to equipment, they’re looking for an experience and a community that helps them stay committed to their goals.

Fitness is increasingly becoming a lifestyle choice rather than a standalone activity. How important is community-building in your model, and how do you actively design for it?

Community has always been one of the foundations of Warehouse Gym. In many ways, it’s the reason the brand exists.

People often talk about community as if it’s something you can manufacture, but genuine community comes from shared experiences, consistency and culture. It has to be earned over time.

We actively design for that through events, group training, collaborations, educational sessions and creating spaces where people naturally interact beyond their workouts. More recently, we’ve expanded that thinking into supporting local businesses, entrepreneurs and knowledge-sharing initiatives as part of the broader Warehouse Gym ecosystem.

The reality is that fitness is often the entry point, but community is what keeps people engaged long term.

Recovery, wellness, and longevity are becoming central to the broader fitness conversation. How is that influencing the way gyms are structured, both in terms of facilities and programming?

It’s having a significant impact on both facility design and programming.

The modern consumer understands that long-term health isn’t just about training harder. It’s about balancing performance with recovery, mobility, stress management and sustainability. As a result, gyms are increasingly being designed around a more holistic wellness journey.

At Warehouse Gym, we’ve integrated recovery offerings such as ice baths, infrared saunas, cryotherapy, sports therapy and mobility-focused programming alongside more traditional training modalities. The goal isn’t to replace fitness with recovery, but to create a more complete environment that helps members perform better and stay healthier over the long term.

I think we’ll continue to see recovery become a natural extension of the fitness experience rather than a separate category altogether.

As Warehouse Gym expands into new locations including Sheikha Fatima Park, First Avenue Mall, and Ras Al Khaimah, what does that expansion signal about where the UAE fitness market is heading next?

It signals that fitness demand is becoming increasingly embedded within communities rather than being concentrated in a handful of commercial districts.

Historically, fitness growth was heavily centred around major urban hubs. Today, we’re seeing strong demand across a much wider range of residential, lifestyle and community-focused destinations.

Consumers want fitness to be integrated into their daily lives. They want access to high-quality facilities closer to where they live, work and spend time. The success of community-led locations and mixed-use developments reflects that shift.

For us, expansion is less about geography and more about being present where people are building their lifestyles and routines. That’s where we see the future of the industry heading.

Do you see fitness brands in the UAE becoming broader lifestyle platforms that go beyond gym access, and if so, what does that future look like for Warehouse Gym?

Absolutely. The future of fitness will be far broader than gym memberships alone. The most successful brands will operate as lifestyle platforms that support multiple aspects of physical and mental wellbeing.

That doesn’t mean trying to do everything. It means understanding how fitness connects with recovery, education, community, performance, nutrition and overall quality of life.

W e’re already moving in that direction through recovery services, educational initiatives, community programming and partnerships that extend beyond traditional fitness. The long-term vision is to continue building an ecosystem that supports how people actually live, train and connect today.

I think the future belongs to brands that help people build healthier lifestyles, not just better workouts.

19-year-old Atiksh Mittal on how his startup aims to bridge the data gap in the property sector

Rechitta, Atiksh Mittal, says is an AI-native platform designed to streamline real estate communication using verified developer data

Neesha Salian
Neesha Salian

06 July, 2026

19-year-old Atiksh Mittal on how his startup aims to bridge the data gap in the property sector
Image: Supplied

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Tell us about yourself.

I’m the co-founder of Rechitta. I started building technology at a young age and have always been fascinated by how intelligent systems can solve real-world problems. Rather than following a traditional path and continuing to university, I chose to focus on building Rechitta. Today, my role is centred on shaping Rechitta’s product vision and ensuring our AI delivers practical value by making real estate communication faster, more accurate, and more intuitive.

What inspired you to start Rechitta along with your partner at this young age?

The inspiration came from a simple observation. Despite Dubai being one of the world’s most advanced real estate markets, communication remained highly fragmented. Buyers, brokers, and developers were often working with different information depending on who they spoke to. That inconsistency created delays, confusion, and missed opportunities.

We saw an opportunity to build a trusted communication layer powered by verified developer data, ensuring everyone operates from the same source of truth in real time. Rechitta was created to bring greater transparency, consistency, and speed to real estate communication, helping developers and brokers respond to global market demand up to 10x more effectively.

What is the technology used to power this platform?

Rechitta is an AI-native platform built specifically for real estate. It combines verified developer data, proprietary communication infrastructure, multilingual AI capabilities, and a model-agnostic architecture that allows us to continuously leverage the latest advances in AI.

What makes it different is that it works directly with first-party developer data and understands real estate-specific workflows, from inventory and payment plans to broker interactions and buyer behaviour. This enables highly accurate, contextual responses while significantly reducing the inconsistencies often associated with AI systems.

How is this not another chatbot?

A chatbot answers questions. Rechitta understands how real estate actually works.

Rechitta is a domain-specific intelligence platform built around developer inventory, payment plans, project timelines, broker workflows, buyer behaviour, and real-time market demand. Every interaction contributes to a structured intelligence layer that helps developers, brokers, and buyers make faster, more informed decisions.

Think of Rechitta less as a chatbot and more as an intelligent communication infrastructure designed specifically for real estate.

What is your revenue model and how do you plan to scale this?

Our revenue model is subscription-based, with pricing designed around the scale and value delivered to developers and broker networks. The platform helps users reduce communication inefficiencies, improve information accuracy, and engage with demand at a much larger scale.

Our scaling strategy is straightforward: establish Rechitta as the trusted communication layer within Dubai’s real estate ecosystem, deepen integrations across developers and brokers, and then expand into other regional and international property markets facing similar communication challenges.

What’s next after this?

Our immediate focus is adoption across Dubai’s real estate ecosystem. Over the next year, we aim to become the default communication layer connecting developers, brokers, and buyers through verified real-time information.

Longer term, our vision extends beyond Dubai. We believe every major property market faces similar challenges around fragmented communication and inconsistent information. Our goal is to build Rechitta into the AI infrastructure layer that powers how global real estate markets communicate, understand demand, and transact.

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