Qatar launches platform to manage wealth fund domestic portfolio
Qatar’s new investment platform will manage the wealth fund’s domestic portfolio as Doha targets $60 billion in infrastructure and private...
Business
Gaza death toll since ceasefire rises to 1,375 as settler violence surges
The ministry said three Palestinians were killed and at least 27 injured during the 24 hours covered by its latest...
Geostrategy
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.
Geostrategy
Trump claims Iran in ‘state of collapse’, says Tehran wants blockade lifted
US President Donald Trump has claimed that Iran is in a “state of collapse” and said Tehran has approached Washington...
- Speaking amid escalating tensions, Trump said Iran wanted the restrictions removed “as soon as possible”.
- The remarks come as Washington continues its maximum pressure campaign against Tehran, targeting its economy, trade routes and oil exports
Economy
MENA faces shortfall of 111,737 construction Project Managers by 2035: PMI
The PMI report finds that MENA will require up to 330,794 construction project management professionals by 2035 under a high-growth...
- Even under a low-growth scenario, the region would still face a shortfall of more than 88,561 professionals.
- Retirement-driven attrition will widen the gap further, compounding pressure on an already strained talent market.
Geostrategy
Hezbollah warns it would respond to Israeli ceasefire violations
The exchange came as regional tensions remained high and Iran intensified diplomatic efforts to secure a broader halt to hostilities,...
- U.S. President Donald Trump said on Sunday that Iran could contact Washington by phone if it wished to negotiate an end to the conflict.
- British Prime Minister Keir Starmer and Trump discussed the need to restore shipping through the Strait of Hormuz.
Business
Firms lag as AI-driven fraud surges: Study
The report, published by the Association of Certified Fraud Examiners and analytics firm SAS, highlights widening gaps between rapidly evolving...
- Among the fastest-growing threats is deepfake-enabled social engineering.
- The United Arab Emirates and Saudi Arabia have the potential to take a leading role in next-generation fraud prevention.
Geostrategy
Humanoid robot outpaces human half-marathon record in Beijing trial
Dubai, UAE -- A humanoid robot completed a half-marathon in China in a time faster than the human world record,...
- The robot, widely referred to as “Lightning” or “Flash,” finished the 21.1-kilometer race in 50 minutes and 26 seconds at the Beijing E-Town humanoid robot half-marathon.
- The race was not conducted under rules set by World Athletics, and the robot’s performance is not recognized as an official record.
Business
UAE real estate posts record Q1 growth on strong investor demand
In Dubai, the Dubai Land Department reported 718,160 real estate transactions, including 60,303 disposals, up 6% from a year earlier....
- Abu Dhabi recorded its highest quarterly performance on record with transaction values surging 160.7% to about $18.0 billion (AED66 billion).
- In Sharjah, real estate trading volume climbed 40.7% year-on-year to approximately $5.0 billion (AED18.5 billion).
Qatar launches platform to manage wealth fund domestic portfolio
Qatar’s new investment platform will manage the wealth fund’s domestic portfolio as Doha targets $60 billion in infrastructure and private...
Business
Company News
TECOM profit up 9%
Business
DAE H1 profit $229m
Business
Latest News
Cyber resilience is more than recovering from an attack
The question is no longer if an organization will experience a cyber incident. It is how well it will respond...
Opinion
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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.