Masdar, ScottishPower complete foundations at East Anglia THREE
Abu Dhabi Future Energy Company PJSC (Masdar) and ScottishPower Renewables have completed installation of all 95 foundations at the £4...
Business
AD Ports posts 88 percent rise in second-quarter net profit
Dubai, UAE -- AD Ports Group reported a record quarterly performance for the second quarter of 2026, with net profit...
Business
Business
DEWA posts record H1 profit
Revenue reaches record $4.04 billion.
- DEWA’s first-half net profit rose 15.02 percent, supported by electricity, water and cooling demand, customer growth and operational performance.
- Clean energy accounted for 19.9 percent of power generated during the second quarter, as DEWA expanded renewable capacity.
Geostrategy
Israeli settlers besiege three Palestinian families in occupied West Bank
Residents say settlers cut water and electricity, trapping families inside their homes as violence and land seizures by settlers intensify...
- Residents said Israeli forces intervened after days of siege but failed to remove settlers from the area.
- UN figures show settler violence, demolitions and evictions have displaced about 3,800 Palestinians in territory this year.
Analysis
GCC banks need stronger safeguards amid geopolitical uncertainty, KPMG says
KPMG says banks can strengthen portfolios through scenario analysis, stronger governance and monitoring as geopolitical tensions threaten borrowers, funding conditions...
- GCC banks' 19.3% capital ratio provides a foundation after years of prudent risk management and balance sheet discipline.
- Retail, corporate and commercial real estate portfolios face pressures from income erosion, funding costs, revenue disruption and valuation risks.
Geostrategy
US forces halt third cargo ship to enforce blockade of Iranian ports
A US helicopter fired missiles at a Panama-flagged cargo ship after its crew allegedly ignored repeated warnings from American forces,...
- Four drones struck three Kurdish camps near Erbil, with no casualties reported, amid tensions involving Tehran and Iraq.
- Three Pakistani nationals were killed and another injured in Houthi attack on a vessel in the Red Sea.
Business
Tabreed H1 revenue $308m
Blurb: Profit reaches $52 million in H1
- Connected capacity rose 15 percent year-on-year, reaching 1.58 million refrigeration tonnes amid continued portfolio expansion.
- Operating cash flow climbed 40 percent to $172 million, supporting growth investment, balance sheet optimisation and shareholder returns.
Business
UAE, Qatar lead Global Telecom Health Index on market structure
Kearney’s 34-market study finds coordinated investment, strong customer satisfaction and financial performance helping the two Gulf markets outperform larger economies.
- Markets with two or three mobile operators scored higher across financial, commercial and technology measures than more fragmented markets globally.
- Tower ownership also emerged as a factor, with UAE operators retaining passive infrastructure linked to stronger deployment and commercial performance.
Geostrategy
Trump demands Iran pay compensation for 50 years of damages
Trump’s demand comes as Tehran links Hormuz’s reopening to war reparations and an end to sanctions, complicating ongoing Iran-Oman talks...
- Two sides remain divided over Hormuz, with Washington maintaining a naval blockade while Tehran says American actions have made the waterway unsafe.
- Shipping data shows traffic remains sharply reduced, while US officials say dozens of commercial vessels have been redirected since the blockade resumed.
Business
ADNOC Gas posts $665 million in H1 net income
The company also raised its target for EBITDA growth to 60 percent by 2030, compared with 2023, up from its...
- Fatema Al Nuaimi, CEO of ADNOC Gas, said the company was accelerating one of the world's largest gas-processing growth programmes.
- The board approved a quarterly dividend of $940 million, payable in September, in line with the company's commitment to annual dividend growth of 5 percent through 2030.
Geostrategy
UAE thwarts cyber attacks targeting energy, aviation sectors
Dubai, UAE -- The UAE Cybersecurity Council (CSC) has announced that the national cyber systems have successfully detected and thwarted...
- The Council affirmed that the attacks were dealt with proactively and immediately, with intrusion attempts contained before the attackers could achieve their objectives.
- The Council explained that the attacks involved multiple vectors and techniques, including attempts to breach systems and digital infrastructure, target accounts.
Economy
UAE hiring rebound gains momentum as talent flows recover, report says
The the UAE Economic Graph Report 2026 by LinkedIn and the Ministry of Foreign Trade says real estate led hiring...
- Real estate led sectoral hiring growth, while education, construction, healthcare and logistics also exceeded national hiring averages.
- Female representation in leadership rose to 21.9 percent in 2025, from 18.8 percent a decade earlier.
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Revenue from Saudi cinema may exceed $1bn by 2030KSA, UAE play well as e-gaming trends across GCCExclusive: Middle East’s retail sector rides on AR and hybrid shopping to become $600bn digital economyTECOM Group profit soars 13%UAE startups eye Saudi Arabia for growth, expansionSaudi Arabia leads GCC AI healthcare raceDisparity remains as Saudis, Emiratis see wealth gains
Masdar, ScottishPower complete foundations at East Anglia THREE
Abu Dhabi Future Energy Company PJSC (Masdar) and ScottishPower Renewables have completed installation of all 95 foundations at the £4...
Business
Company News
Latest News
Women in Tech Global and UN Women launch “Beyond Ceilings” campaign on women’s empowerment
The "Beyond Ceilings" campaign urges people to confront and challenge the glass ceiling, and reminds the audience of the vast possibilities that await women once they overcome...
DEWA posts record H1 profit
Business
GCC banks need stronger safeguards amid geopolitical uncertainty, KPMG says
KPMG says banks can strengthen portfolios through scenario analysis, stronger governance and monitoring as geopolitical tensions threaten borrowers, funding conditions...
Analysis
US forces halt third cargo ship to enforce blockade of Iranian ports
A US helicopter fired missiles at a Panama-flagged cargo ship after its crew allegedly ignored repeated warnings from American forces,...
Geostrategy
Most Read
Geostrategy
Trump demands Iran pay compensation for 50 years of damages
Trump’s demand comes as Tehran links Hormuz’s reopening to war reparations and an end to sanctions, complicating ongoing Iran-Oman talks...
- Two sides remain divided over Hormuz, with Washington maintaining a naval blockade while Tehran says American actions have made the waterway unsafe.
- Shipping data shows traffic remains sharply reduced, while US officials say dozens of commercial vessels have been redirected since the blockade resumed.
Business
ADNOC Gas posts $665 million in H1 net income
The company also raised its target for EBITDA growth to 60 percent by 2030, compared with 2023, up from its...
- Fatema Al Nuaimi, CEO of ADNOC Gas, said the company was accelerating one of the world's largest gas-processing growth programmes.
- The board approved a quarterly dividend of $940 million, payable in September, in line with the company's commitment to annual dividend growth of 5 percent through 2030.
Geostrategy
UAE thwarts cyber attacks targeting energy, aviation sectors
Dubai, UAE -- The UAE Cybersecurity Council (CSC) has announced that the national cyber systems have successfully detected and thwarted...
- The Council affirmed that the attacks were dealt with proactively and immediately, with intrusion attempts contained before the attackers could achieve their objectives.
- The Council explained that the attacks involved multiple vectors and techniques, including attempts to breach systems and digital infrastructure, target accounts.