Sharjah Chamber registers 30,000 memberships in H1
Dubai, UAE -- The Sharjah Chamber of Commerce and Industry (SCCI) reported an impressive surge in registered memberships in the...
Business
SpaceX’s blockbuster IPO gives way to volatile trading as investors reassess valuation
Among the several factors that contributed to the volatility is the limited share float. Only around 4.2% of total shares...
Business
Business
Empower okays $119.1m H2 2025 dividend
The dividend is equivalent to 43.75% of paid-up capital.
- It was approved at a meeting attended by 85 percent of shareholders.
- The company also ratified its 2025 financial statements and performance report.
Business
Dubai Chambers partners with DP World and Customs to boost logistics resilience
Dubai, UAE — Dubai Chambers, in collaboration with Dubai Customs and DP World, convened a meeting with around 100 private...
- Dubai brings public and private sectors together to address logistics disruptions and ensure smoother trade flows.
- Industry leaders explore practical solutions to enhance efficiency and adapt to evolving global supply chain pressures.
Economy
UAE Central Bank to hold rate after Fed pause amid regional tensions
Fed Chair Jerome Powell signalled a cautious approach, noting that elevated energy prices and geopolitical tensions could complicate the inflation...
- The CBUAE said it would also maintain the rate applicable to short-term borrowing at 50 basis points above the Base Rate for all standing credit facilities.
- Central Banks of GCC countries --Kuwait remains a partial exception-- typically adjust their policy rates in lockstep with the Fed, as their currencies being pegged to the dollar.
Business
Alujain widens 2025 loss
The increase in loss is due to impairment charges, weaker prices.
- Excluding the impairment, the company would have reported a net profit of SAR 17 million for the year.
- Earnings per share fell to SAR 12.05 per share in 2025, compared with a loss of SAR 0.73 per share in 2024.
Business
Masar 2025 net profit $262m
Higher land plot sales boost revenue and operating income.
- Revenues increased 59.2% to 2.9 billion riyals in 2025 from 1.82 billion riyals in 2024.
- Despite the strong annual performance, the company reported a decline in fourth-quarter earnings.
Geostrategy
GCC energy sector strengthens global role despite lower oil output
Gulf Cooperation Council (GCC) countries continue to strengthen their position in global energy markets, supported by extensive natural resources, advanced...
- Gulf energy data show rising reserves, stable gas production and gradual renewable expansion.
- Regional electricity interconnection delivers savings and boosts power exchange among GCC member states.
Business
Tasnee’s 2025 losses deepen
The petrochemicals' company's revenue also fell 17.7 percent.
- Despite the revenue decline, gross income edged up slightly to SAR 85.4 million, compared with SAR 84.5 million a year earlier.
- In the fourth quarter of 2025, Tasnee reported a net loss of SAR 2.04 billion, compared with a loss of SAR 97.7 million in the same period a year earlier.
Business
DP World 2025 revenue $24.4bn
The profit for the year up 32.2% to reach $1.96bn.
- DP World invested $3.1 billion in 2025 capex, expanding global port capacity to 109 million TEU.
- The company cut Scope 1 and 2 emissions 14% from 2022 levels, with 67% of electricity sourced from renewables.
Business
Aramco 2025 net profit $104bn, to pay $85.4 bn in dividends
Dubai, UAE -- Saudi Arabian Oil Co. (Aramco) reported a net profit of $104.7 billion for 2025, a decline from...
- Earlier in the year, Aramco’s board declared quarterly dividends, including a base dividend of around $21.1 billion for the second quarter of 2025.
- Aramco’s dividend policy combines a base dividend with a performance-linked component tied to financial results and cash flow.
Geostrategy
Strait of Hormuz disruption threatens trade flows: UNCTAD
UNCTAD data shows Brent crude oil prices rose above $90 per barrel, while natural gas prices also increased sharply after...
- Based on shipping flows during the week preceding the military escalation that began on February 28, crude oil accounted for about 38% of trade moving through the strait.
- Liquefied petroleum gas represented 29%, while liquefied natural gas and refined oil products each accounted for around 19%.
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
Sharjah Chamber registers 30,000 memberships in H1
Dubai, UAE -- The Sharjah Chamber of Commerce and Industry (SCCI) reported an impressive surge in registered memberships in the...
Business
Company News
Latest News
China’s LNG ambitions take shape
Business
Saudi Arabia’s residential market weakens in Q1 despite price gains
The slowdown was most pronounced in Riyadh, where transaction volumes and values dropped 82% from a year earlier. Activity also...
Business
Etihad enters largest summer season with more than 300 daily flights
Dubai, UAE -- Etihad Airways is entering its largest summer season on record, operating more than 300 flights a day...
Business
Vance says Hormuz reopening details pending as Israel vows to stay in seized territories
Fresh questions emerged over implementation of the US-Iran agreement as negotiators grappled with security guarantees, territorial disputes and unresolved nuclear...
Geostrategy
Most Read
Opinion
Eight Arab nations, $40.9bn impact: The World Cup’s economic power play
Beyond setting a participation record, the unprecedented Arab presence at the 2026 World Cup highlights the growing economic influence of...
- Morocco reached the semi-finals in 2022, and in 2023, the country welcomed 14.5 million visitors, up 34% from the year before.
- Football was obviously not the sole driver, but the result clearly helped keep Morocco on a global scale.
Business
Forbes lists Emirates Auction CEO among top CMOs
Dubai, UAE -- Omar Matar Al Mannaei, chief executive officer and chief marketing officer of Emirates Auction, has been named...
- AI-powered customer acquisition engine launched in 2025 increased new customer growth by 38%, strengthening Emirates Auction’s market reach.
- Unified analytics and personalization platforms helped lift retention by 14% and brand awareness by 20%, company said.
Geostrategy
GCC youth population tops 23.5m as workforce presence expands
Dubai, UAE -- More than 23.5 million people aged between 15 and 34 lived across the Gulf Cooperation Council countries...
- Employed youth represented more than one-third of the GCC workforce in 2025, reflecting continued labour-market expansion.
- Share of young people outside education, employment or training fell steadily, indicating stronger social and economic participation.