Sharjah Islamic Bank raises $500 million through five-year Sukuk
Sharjah Islamic Bank (SIB) has issued $500 million of five-year Sukuk, attracting orders worth $1.3 billion, or 2.6 times the...
Business
SoftBank raises $11.1 billion through bonds for OpenAI
SoftBank Group has issued dollar- and euro-denominated bonds worth a combined $11.1 billion as it seeks funding to support its...
Business
Business
Borouge profit climbs 23%
Prices, recovery boost quarterly earnings
- Borouge restored full production availability ahead of schedule after April Ruwais incident, maintaining customer deliveries through alternative logistics routes.
- Company maintained annual dividend intention as Borouge 4 expansion and Borouge International integration advanced despite regional disruptions.
e& posts 11.6% revenue growth
The H1 net profit hits $1.63 billion.
- Earnings before interest, tax, depreciation and amortisation (EBITDA) reached AED17.7 billion, up 13.1 percent year-on-year.
- The Group also completed the sale of 12.5 percent of its 50.03 percent stake in Careem Technologies to Uber for a total consideration of AED367 million.
Geostrategy
Hamas says agreement reached on disarmament and Israeli withdrawal in Gaza
One Hamas official said mediators and the newly proposed Board of Peace were now expected to ensure Israel implemented the...
- Trump says Israeli troops will leave Gaza after Hamas disarmament under an internationally supervised transition plan with new policing.
- Iran says drones targeted Ahmad al-Jaber Air Base after US strikes reportedly killed three civilians on Qeshm Island, including child.
Business
TECOM profit up 9%
Revenue, occupancy drive earnings higher
- Occupancy reached 97 percent as demand for Grade-A offices, industrial assets and land leases supported higher rental income.
- Board approved AED440 million interim dividend while funds from operations climbed 12 percent on diversified revenue streams.
Business
DAE H1 profit $229m
Growth triggered by higher earnings, stron cash flow
- Aircraft lessor expanded fleet investments through new co-investment platforms targeting approximately $15 billion in aircraft assets over five years.
- Revenue increased alongside strong operating cash flow as DAE completed acquisitions, aircraft sales and more than 100 lease agreements.
Geostrategy
US pounds Iran as regional conflict reignites after attacks on American forces
Iranian authorities reported strikes in several southern provinces, including Hormozgan, Khuzestan, Bushehr and Fars, while residents reported explosions on the...
- Iranian officials said a residential building on Qeshm Island was hit, trapping several members of a family beneath the rubble.
- The strikes followed increasingly forceful warnings from U.S. President Donald Trump after Iran targeted American military facilities in Jordan earlier this week.
Research
Saudi mega-projects could generate 35% of power needs through on-site renewables
A BCG report says rooftop solar and decentralized renewable systems can lower electricity costs, reduce emissions and help developers meet...
- Study says early renewable integration avoids costly retrofits while improving long-term project returns through flexible financing options.
- Report highlights Saudi regulatory reforms and strong solar resources as key drivers accelerating renewable adoption across urban developments.
Analysis
Big Tech faces AI spending test as earnings season gathers pace
The Magnificent Seven’s 5.7% fall last week shows that investors are no longer rewarding headline beats alone, they want proof...
- Microsoft has been the second-worst performer from the Mag 7 so far this year, with investors rattled by its 2026 capex guidance heading towards USD$190 billion.
- Meta faces the same spending question, with this year's outlay guided at up to USD$145 billion and next year's outlay potentially far larger.
Geostrategy
US and Saudi Arabia strike Iraq paramilitary strikes as Trump meets Netanyahu
Iraq's Popular Mobilisation Forces (PMF) confirmed that several of its headquarters had been targeted, reporting casualties and damage to its...
- Axios, citing a US official, reported that Iran launched ballistic missiles towards a US military base in Jordan.
- Iran rejected accusations that it was behind attacks launched from neighbouring countries against Saudi Arabia.
Geostrategy
Meta ‘ignored’ teen safety warnings to boost Instagram profits
Lawyers for Tennessee said Meta researchers repeatedly warned company executives that some teenagers were using Instagram compulsively, contributing to eating...
- State lawyers cited internal documents saying notifications and infinite scroll conflicted with user well-being but claimed Meta never warned the public.
- Meta argued it has invested in safety tools and that protecting teenagers online requires parents, teachers and technology companies alike.
Sharjah Islamic Bank raises $500 million through five-year Sukuk
Sharjah Islamic Bank (SIB) has issued $500 million of five-year Sukuk, attracting orders worth $1.3 billion, or 2.6 times the...
Business
Company News
Latest News
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....
Geostrategy
US and Iran exchange attacks on oil tankers, warships as oil heads to $100
The US military said it destroyed five Iranian crude oil carriers after Iran’s Islamic Revolutionary Guard Corps (IRGC) launched ballistic...
Geostrategy
PIF launches company to develop coastal destination in Khafji
Saudi Arabia's Public Investment Fund (PIF) has launched Gulf Coast Development Co. to develop an integrated tourism and residential destination...
Business
Most Read
Opinion
Hidden liabilities behind major property deals
UAE property investors must look beyond certificates to uncover hidden fire-safety risks that could affect costs, valuations and returns, writes...
- Existing certificates may not reflect current building conditions, leaving buyers exposed to costly remediation, delays, and unplanned capital expenditure.
- Physical fire-safety inspections can identify defects, support negotiations, inform valuations, and strengthen protections before investors complete major property acquisitions.
Geostrategy
Tehran to announce new Hormuz shipping route in coming days
The announcement comes after Iran signed an agreement with Oman, as shipping traffic plunges, oil prices rise and regional governments...
- The temporary corridor would be 11.3km wide, with its entry and part of its exit through Iranian territorial waters.
- Hormuz traffic fell to a daily average of 10 commodity ships, while a Saudi tanker turned back Sunday.
Geostrategy
Vance rules out talks as Tehran warns of ‘multi-layered’ response to US attacks
US Treasury Secretary Scott Bessent said the European Union had officially joined Washington’s economic pressure campaign against Iran, which he...
- Tehran vows a layered response to US strikes, while its petroleum minister says exports continue despite Washington’s blockade.
- Seoul weighs military support for Hormuz navigation as European pressure grows and crude prices post sharp weekly gains.