Putting people at the center of justice
Al Shamsi said technology could support analysis, accelerate access to information and improve efficiency, but stressed that “AI cannot replace...
Analysis
Turkey, Saudi Arabia and Pakistan plan emergency military talks over Houthi attacks
UAE suspends Iranian airline flights, joining regional countries restricting carriers as US sanctions intensify pressure on Tehran’s aviation sector and...
Geostrategy
Business
Empower profit climbs 16%
Dubai district cooling demand lifts earnings
- First-half revenue rose 4.5 percent as EBITDA increased 7.5 percent, supported by growing district cooling demand across Dubai developments.
- Empower added 61 contracts, lifting contracted capacity above two million refrigeration tonnes as connected buildings increased to 1,796.
Geostrategy
Saudi, Turkey, Pakistan forge defence pact as regional tensions deepen
The agreement comes as Gulf states seek closer defence coordination following months of conflict with Iran that disrupted shipping through...
- Houthi attacks, Strait of Hormuz tensions and stalled Lebanon talks underscore widening regional security risks despite diplomatic efforts.
- US President Donald Trump said he believed the war with Iran would end soon.
Business
Burjeel profit nearly doubles
Healthcare demand drives stronger earnings.
- First-half revenue rose 4.4 percent to $761 million while adjusted net profit nearly doubled on stronger healthcare demand.
- Burjeel completed $500 million sukuk issuance, refinancing debt while maintaining stable leverage and strengthening liquidity for future growth.
Business
Salik profit slips in H1
The company said traffic recovery supported resilience.
- H1 revenue declined 7.5 percent to AED1.41 billion ($384.4 million), while net profit fell 8.7 percent to AED704 million ($191.7 million).
- Company expanded digital mobility partnerships despite weaker traffic, reaffirming confidence in long-term ancillary revenue growth and Dubai's economic outlook.
Geostrategy
Israel resumes Lebanon strikes as Rome peace talks seek lasting truce
The strikes and a renewed evacuation order in southern Lebanon cast doubt over US-backed negotiations seeking a lasting border security...
- Israel says Hezbollah violated the ceasefire, launching strikes as Rome hosts the seventh round of US-mediated negotiations.
- Lebanon reports one death and multiple injuries, while talks focus on Israeli withdrawal and Hezbollah's disarmament.
Business
Aramco profit jumps as oil prices surge despite Hormuz disruption
Saudi oil giant Aramco reported a 44 percent jump in second-quarter net profit on Wednesday, helped by higher crude oil...
- Second-quarter net income climbed 44 percent to $32.7 billion as higher oil prices outweighed lower crude sales volumes.
- Aramco maintained exports despite Hormuz disruption, declaring a $21.9 billion dividend while advancing major oil and gas projects.
Geostrategy
UN warns Gaza remains unsafe for civilians
''Humanitarians report that a sixth-grade student was hit by a bullet and injured in a tented classroom. The child was...
- OCHA stressed that under international humanitarian law, civilians and civilian infrastructure must be protected and should not be targeted. Learning spaces must remain safe.
- Israeli authorities demolished parts of a school in the Masafer Yatta area of southern Hebron, where more than 1,000 Palestinian residents are under pressure to leave.
Geostrategy
US says Iran Hormuz deal could come within days as oil prices tumble
Washington said mediation efforts were advancing despite Tehran denying direct negotiations, while fresh maritime attacks underscored persistent security risks across...
- Brent crude dropped more than six percent below $79 a barrel as markets anticipated increased energy flows through Hormuz reopening.
- Fresh attacks in the Strait of Hormuz and Red Sea highlighted continued threats to commercial shipping despite diplomatic momentum toward de-escalation.
Economy
UAE records solid first-quarter growth as non-oil sectors account for nearly 80% of GDP
Real GDP rose to $132.0 billion at constant prices in the January-March period, while non-oil GDP expanded 4.8 percent, increasing...
- Finance, construction and technology-led industries powered growth despite regional challenges, underscoring resilience of the diversified economy.
- Real estate activities grew 4.8 percent, public administration, defence and compulsory social security rose 4.5 percent, while wholesale and retail trade expanded 2.6 percent.
Geostrategy
Dubai establishes media committee to unify official narrative
Dubai, UAE -- Dubai has established a new committee to oversee and coordinate the emirate's official media narrative across government,...
- Dubai creates Media Narrative Committee to coordinate unified messaging, strengthen strategic communications and guide official engagement with international media.
- Committee will develop policies, monitor performance, analyse media trends and help counter misinformation through coordinated, transparent communications.
Putting people at the center of justice
Al Shamsi said technology could support analysis, accelerate access to information and improve efficiency, but stressed that “AI cannot replace...
Analysis
Company News
Latest News
The long memory of Dubai’s debt markets
Binghatti’s review comes as net profit rose 64% year-on-year, while Moody’s had only five months earlier cited strong liquidity, disciplined...
Analysis
Attack on Iranian vessel in Hormuz leaves one dead, 3 injured
Tehran blamed "American enemy" for the attack, which came a day before a meeting between Iran and Gulf states in Oman...
Geostrategy
Houthis take control of key Bab el-Mandab island
A drone attack originating from Iraq leads to the closure of Saudi Arabia's key oil pipeline, prompting Baghdad to order...
Geostrategy
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Business
Sharjah real estate transactions reach $1.25 billion in August
Sharjah recorded 4.6 billion dirhams ($1.25 billion) in real estate transactions in August, with activity spanning 120 areas across the...
- Sharjah recorded 9,139 real estate transactions in August, with sales spanning residential, commercial, industrial and agricultural properties.
- Al Menhaz led by trading value at $166.4 million, while Industrial Area 4 recorded the month's largest deal at $15 million.
Geostrategy
Projectiles hit Iran’s Sirik, Minab, Qeshm Island as oil crosses $100 a barrel
Trump, meanwhile, says he expected the war to end “immediately after” the US midterm elections in November, alleging that Iran...
- Explosions and reported projectile strikes hit Sirik as Iran-US attacks escalate, pushing oil above $100 and raising Hormuz risks.
- Iran's UN envoy, Gholamhossein Darzi, condemned new US sanctions targeting the Iranian aviation sector, calling them “economic terrorism”
Geostrategy
Four Palestinians killed as pressure mounts over West Bank settlements
The UK and 11 other countries have announced support for trade sanctions targeting Israeli settlements in the occupied West Bank....
- The latest deaths in Nablus, Qalqilya and Tulkarem brought the Palestinian Health Ministry’s West Bank toll this year to 100.
- US Secretary of State Marco Rubio stopped short of condemning Britain's decision to impose sanctions on illegal Israeli settlements.