Saudi Arabia, UAE climb WEF Tourism Index despite Middle East conflict disruption
Saudi Arabia jumps 17 places since 2019 on workforce reform and Vision 2030 investment, while the UAE tops the world...
Business
Emerson to build new automation solutions service center in Qatar
Emerson, a global automation solutions company, said on Wednesday it plans to build a new solutions service center in Qatar's...
Business
Business
EasyLease H1 profit $12.2m
Revenue rises on stronger operations.
- Fleet exceeded 50,000 mobility assets as logistics expansion and higher utilisation supported profitability across transport and warehousing operations nationwide.
- Etihad Rail shuttle operations contributed early gains through integrated first-mile and last-mile services linking Abu Dhabi passenger destinations efficiently.
Geostrategy
Trump imposes tariffs on 60 countries over forced labor concerns
The new tariffs, ranging from 10 percent to 12.5 percent, will take effect as temporary 10 percent worldwide tariffs imposed...
- The tariffs, which are paid by U.S. importers, could increase costs for businesses and consumers ahead of November's midterm elections.
- The International Labour Organization estimates that about 27.6 million people worldwide were in forced labor on any given day in 2021.
Business
Dubai Chambers legal events draw 1,551 business representatives in H1
Dubai, UAE -- Dubai Chambers said it organized 15 legal events during the first half of 2026, attracting 1,551 representatives...
- Seminars and workshops cover employment law, taxation, contracts, intellectual property and UAE Civil Transactions Law developments for businesses.
- Dubai Chambers said the initiative aims to help companies keep pace with legislative changes, strengthen compliance, reduce legal and operational risks and enhance competitiveness.
Business
FAB profit edges higher
Income growth supports steady earnings.
- First Abu Dhabi Bank posts $2.92 billion first-half profit as operating income, lending and margins continue strengthening performance.
- AI deployment boosts productivity while sustainable financing reaches 79 percent of the bank's 2030 target during first half.
Business
UAB H1 profit climbs
Income, lending drive first-half growth
- Loans, Islamic financing, deposits and investments expand while capital, liquidity and asset quality remain above regulatory requirements throughout.
- Total assets increased 16 percent to 28 billion dirhams ($7.62 billion).
Analysis
Alphabet and Tesla in focus as markets demand more from Big Tech
"Three months ago investors were comfortable funding aggressive AI investment," Gilbert added. "Today they're asking tougher questions. Markets now want...
- One bright spot remains Alphabet's AI monetisation strategy, with Gemini now exceeding 900 million monthly users.
- The market expects Tesla to report USD 26.3 billion in revenue and earnings per share of USD 0.50.
Business
CFI posts record first-half trading volume of $5.34 trillion
Dubai, UAE -- CFI Financial Group said it recorded its strongest first half on record, with trading volume reaching $5.34...
- The broker expanded into Brazil, launched UAE local stocks and Bahrain digital assets while active clients rose 8.4 percent annually.
- The company said metals generated the strongest demand during the quarter, followed by increased activity in equity indices.
Research
Qiddiya City launches ‘Powered by Play’ after global play research
Dubai, UAE -- Qiddiya City launched "Powered by Play," a long-term initiative aimed at promoting play as a driver of...
- Qiddiya City launched "Powered by Play" after research found Saudis lead surveyed countries in recognizing play's broad personal benefits.
- Survey found 87 percent of Saudis linked more play with happiness, while 78 percent associated it with greater success.
Business
ADNOC Okays $6.2bn Umm Shaif project to expand UAE supply
Dubai, UAE -- Abu Dhabi National Oil Company (ADNOC) has approved a final investment decision (FID) worth $6.2 billion to...
- Umm Shaif Gas Cap project will produce over 600 million scfd of gas by 2030, boosting UAE energy security significantly.
- Project includes $5.1 billion EPC contracts and $365 million drilling programme executed by ADNOC Drilling over 18 months.
Business
Awqaf Dubai investment portfolio market value rises to $402 million
Dubai, UAE -- Dubai's Endowment and Minors' Trust Foundation (Awqaf Dubai) said on Monday the market value of its securities...
- The portfolio's cost value increased 16.6 percent year-on-year to AED1.398 billion, while its market value rose 5.5 percent, or AED76.5 million.
- Awqaf Dubai said it made new investments worth AED285.1 million during the first six months of the year, up 150.7 percent from the same period a year earlier.
Saudi Arabia, UAE climb WEF Tourism Index despite Middle East conflict disruption
Saudi Arabia jumps 17 places since 2019 on workforce reform and Vision 2030 investment, while the UAE tops the world...
Business
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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...
Geostrategy
93% GCC frontline employees use AI weekly, BCG report finds
The report, titled “Strategy Matters More than Tools,” draws on data from the UAE, Saudi Arabia, Kuwait and Qatar and...
Business
Trump threatens further strikes as Iran vows new war strategy
US Central Command said Washington was continuing its blockade against Iran and had redirected 86 commercial vessels as of Thursday.
Geostrategy
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Geostrategy
Iran targets Jordan, Bahrain after US carries out second wave of strikes
Iranian military spokesman Colonel Ebrahim Zolfaghari said the attacks would continue until the United States “regrets its crimes”, warning that...
- IRGC says missiles targeted bases across Jordan and Iraq, while Bahrain intercepted drones as Jordan reported 13 missiles.
- Brent crude climbed one percent as Hormuz traffic stayed below average, intensifying concerns over energy supplies and inflation.
Business
Accenture, AWS sign six-year Middle East cloud, AI, data deal
Accenture has signed a six-year strategic collaboration agreement with Amazon Web Services (AWS) to help organizations across the Middle East...
- Accenture will deploy regional architects and delivery leads across migration, modernization, data, AI and enterprise platform initiatives.
- Industry programs will target energy, financial services and public sector organizations seeking faster digital transformation and AI adoption.
Geostrategy
Iran war puts fresh pressure on oil flows, shipping as Tehran asks UN to intervene
Renewed US-Iran hostilities are disrupting energy flows, restricting Strait of Hormuz shipping and intensifying economic pressure as Tehran warns against...
- Asian refined-fuel imports fell sharply in August as Gulf supplies remained constrained by vessel shortages and disruptions around Hormuz.
- Iran urged the UN Security Council to act after a US strike on Larak Island killed and wounded people.