Business in the Gulf is making a slow recovery - The Economist

The Asyad Group’s Drydock subsidiary, which operates a substantial facility within the inner harbor at Duqm in Oman, has seen a massive expansion of its workload during the first eight months of 2026. The increase is likely attributable to the inability of regional clients to access ship repair within the Gulf, given the closure of the Strait of Hormuz – but also to the increasing range of services that the Asyad Drydock is now able to offer. The drydocks attracted 56 new international clients, adding to a client base of 900 existing customers, and had completed 119 ship repair and maintenance projects over the eight-month period. By comparison, 230 projects were completed over the 24 months of 2024 and 2025, thus reflecting a 55% increase in workload so far this year. The yard has also expanded into shipbuilding and has two projects underway for undisclosed customers.

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TorontoPublished: October 17, 2026 at 2:31p.m. EDTThe next Lotto Max draw is on Tuesday, Oct. 20, 2026. The largest lottery prize ever offered in Canada is still up for grabs after there were no winners for Friday’s Lotto Max draw. The winning numbers were 01, 11, 13, 36, 41, 43, 51. The next draw for the $90 million Lotto Max will take place on Tuesday, Oct. 20. The jackpot is unchanged, as $90 million is the cap. While no one claimed the jackpot on Friday, the Ontario Lottery and Gaming Corporation said four Maxmillion tickets worth $1 million each were sold in Ontario. Fourteen other tickets won $100,000 each, including seven in the Greater Toronto Area. Tuesday’s draw will also feature 20 Maxmillions prizes worth $1 million each and at least 90 Maxplus prizes worth $100,000 each. How to set CP24 as your preferred source on GoogleHow to set CTV News as your preferred source on Google

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Browse this and many other websites without banner ads, personalized tracking and video ads. Mercedes-AMG is bringing its sports car DNA to the full-size electric SUV segment. The new GT SUV is officially here with up to 1,153 horsepower, a 0-60 mile-per-hour time of 2.4 seconds, and DC fast charging at up to 710 kilowatts.