Emirates breaks ground on Dubai South engineering hub
The $5.1 billion engineering complex targets advanced aircraft maintenance capabilities, sustainability benchmarks, and expanded aviation infrastructure. The facility is being...
Business
Five fundraising lessons for founders building outside the mainstream
Niche businesses often need to help investors understand the category before they can evaluate the company. Founders should explain the...
Opinion
Business
Mubadala, Tubacex operationalise TBX Nexxia platform in Abu Dhabi
Mubadala Investment Company and Tubacex Group have announced the full operational launch of their joint venture in Abu Dhabi, activating...
- The Abu Dhabi facility strengthens regional energy supply chains by localising high-performance tubular manufacturing and reducing dependence on overseas processing centres
- ADNOC anchors the project as cornerstone client, securing long-term CRA tubular supply for critical gas extraction and production operations
Business
2PointZero posts profit surge
Growth driven by merger consolidation.
- Revenue jumps to $2.7 billion as mergers and acquisitions drive expansion across multiple sectors and geographies.
- During the quarter, the company acquired a 60.8% stake in ISEM Packaging Group for $192 million.
Geostrategy
Trump claims war powers law doesn’t apply as Iran hostilities ‘terminated’
US President Donald Trump has told Congress that he does not need authorisation for military action against Iran, arguing that...
- Trump argued that there had “been no exchange of fire between United States Forces and Iran since April 7,” and that hostilities “have terminated.
- Hours later, Trump appeared to contradict his position, stating: “You know we’re in a war,” adding, “Because I think you would agree we cannot let lunatics have a nuclear weapon'
Geostrategy
Khamenei signals Iran control over Strait of Hormuz, rejects US role
Iran’s supreme leader Ayatollah Mojtaba Khamenei has issued a strong statement asserting that the United States should have no role...
- The statement, released on Iran’s National Day of the Persian Gulf, also reaffirmed Iran’s determination to retain its nuclear capabilities
- “By the will and power of God, the bright future of the Persian Gulf region will be a future without America,” the statement said
Geostrategy
Pentagon puts Iran war cost at $25 Bn; Hegseth clashes with lawmakers
The Pentagon has estimated that the ongoing Iran war has cost the United States $25 billion and claimed 14 American...
- Testifying before the House Armed Services Committee, Hegseth sharply criticised lawmakers from both parties who questioned the conflict
- “The biggest challenge, the biggest adversary we face at this point are the reckless, feckless and defeatist words of congressional Democrats and some Republicans.”
Business
TECOM profit climbs
High occupancy across assets boosts earnings.
- TECOM lifted recurring profit as occupancy, rental rates and cost discipline strengthened margins.
- Commercial and industrial portfolios remained nearly full, supporting resilient cash flow and customer retention.
Business
Emirates Stallions Q1 revenue up 11%
The rise helped by strong demand in real estate
- Rotana Residences sold out before launch, underscoring strong demand for branded Abu Dhabi housing.
- Operating profit before tax jumped 32% to 79 million dirhams, reflecting efficiency gains across the group's core businesses.
Geostrategy
Gas prices surge as Iran tensions roil energy markets
The Wall Street Journal reported that U.S. officials said President Donald Trump had instructed aides to prepare for a sustained...
- European gas prices surged over 5% as fears mounted over prolonged disruption to Iranian exports and shipping.
- TotalEnergies delayed restarting Middle East output, while Europe moved to shield industries from spiralling energy costs.
Geostrategy
UAE quits OPEC, reshaping global oil politics
The decision marks one of the most significant ruptures in the producer group's recent history. Long viewed as one of...
- UAE Energy Minister Suhail al-Mazrouei said the decision followed a careful review of current and future energy policies.
- For years, the UAE has invested heavily in expanding its oil production capacity, seeking to raise output to around 5 million barrels per day by 2027.
Geostrategy
Next wave of global competitive advantage lies in tech combinations: WEF
Eight technology domains, including AI, robotics, engineering biology and advanced materials are no longer advancing in isolation.
- The United States alone could face a shortfall of between 10,100 and 19,900 surgeons by 2036.
- Organizations are urged to assess where bottlenecks sit in their value chains, determine which technology combinations could shift those constraints.
Most Read
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
Emirates breaks ground on Dubai South engineering hub
The $5.1 billion engineering complex targets advanced aircraft maintenance capabilities, sustainability benchmarks, and expanded aviation infrastructure. The facility is being...
Business
Company News
Pentagon raises Iran war cost to $29 billion
Geostrategy
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...
2PointZero posts profit surge
Business
Trump claims war powers law doesn’t apply as Iran hostilities ‘terminated’
US President Donald Trump has told Congress that he does not need authorisation for military action against Iran, arguing that...
Geostrategy
Khamenei signals Iran control over Strait of Hormuz, rejects US role
Iran’s supreme leader Ayatollah Mojtaba Khamenei has issued a strong statement asserting that the United States should have no role...
Geostrategy
Pentagon puts Iran war cost at $25 Bn; Hegseth clashes with lawmakers
The Pentagon has estimated that the ongoing Iran war has cost the United States $25 billion and claimed 14 American...
Geostrategy
Most Read
Business
Emirates Stallions Q1 revenue up 11%
The rise helped by strong demand in real estate
- Rotana Residences sold out before launch, underscoring strong demand for branded Abu Dhabi housing.
- Operating profit before tax jumped 32% to 79 million dirhams, reflecting efficiency gains across the group's core businesses.
Geostrategy
Gas prices surge as Iran tensions roil energy markets
The Wall Street Journal reported that U.S. officials said President Donald Trump had instructed aides to prepare for a sustained...
- European gas prices surged over 5% as fears mounted over prolonged disruption to Iranian exports and shipping.
- TotalEnergies delayed restarting Middle East output, while Europe moved to shield industries from spiralling energy costs.
Geostrategy
UAE quits OPEC, reshaping global oil politics
The decision marks one of the most significant ruptures in the producer group's recent history. Long viewed as one of...
- UAE Energy Minister Suhail al-Mazrouei said the decision followed a careful review of current and future energy policies.
- For years, the UAE has invested heavily in expanding its oil production capacity, seeking to raise output to around 5 million barrels per day by 2027.