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BYD 2025 revenue surges

The EV manufacturer reported net profit of $.3.3bn for 9M 2025.

Aramco net income $28bn

Capital investment during Q3 2025 $12.9bn on investments in energy projects.

e& revenue up 23%

Consolidated net profit reached $2.94 billion during 2025.

Al Rajhi profit up 26%

Operating income for 2025 increased 22% to SAR 39 bn.

Emirates NBD 2025 profit $8.5bn

Total income rises by 12 percent, operating profit up 13%.

Ruler establishes Dubai Council to deliver Emirate’s future vision

  • The council is expected to formulate and develop Dubai’s future development agenda to support its global competitiveness
  • It will apparently also enhance the emirate’s attractiveness by launching major qualitative projects and transformational initiatives

Dubai ruler Sheikh Mohammed bin Rashid Al Maktoum has issued a law establishing the Dubai Council to outline and deliver the emirate’s future development agenda, official sources have said.

The council will focus especially on boosting the emirate’s leading-edge competitiveness and leadership regionally and internationally, said the sources.

The new council would apparently have a legal profile and the legal capacity required to undertake the acts and dispositions that ensure the achievement of its objectives that define the features and future visions of the emirate.

The council would be chaired by Sheikh Mohammed bin Rashid, with Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum and Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum as deputies, said the sources.

Members of the council would include Sheikh Ahmed bin Saeed Al Maktoum, Sheikh Ahmed bin Mohammed bin Rashid Al Maktoum, Sheikha Latifa bint Mohammed bin Rashid Al Maktoum, Mohammed Abdullah Al Gergawi, Matar Mohammed Al Tayer, Lt Gen Talal Humaid Belhoul, Abdullah Mohammed Al Basti, Saeed Mohammed Al Tayer, and Lt Gen Abdullah Khalifa Al Marri.

The council will reportedly look to formulate and develop the emirate’s future development agenda to support its global competitiveness and enhance its leadership and attractiveness by launching major qualitative projects and transformational initiatives.

According to the law, a commissioner-general will be entrusted with overseeing the development track, which will include several entities. He will be appointed by a decision by the chairman.

The law stipulates that the Executive Office shall assume the duties of the General Secretariat and provide the necessary support to the council and assist it in performing its duties, including administrative and technical support, preparing decisions and recommendations, and conducting research.

The Executive Office chairman or whomever he delegates shall assume the duties of the secretary-general of the Dubai Council, provided that it falls within his powers to oversee the general secretariat’s implementation of its tasks entrusted to support the council and enable it to achieve its goals.

Sheikh Mohammed reportedly stressed that the government of Dubai would continue to constantly evolve to keep pace with global developments and accelerate growth.