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...
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...
Geostrategy
Business
DEWA okays $844m dividend
In 2023, DEWA's revenue exceeded $7.8 billion, its highest ever.
- The company's operating profit was over AED 8.7 billion and EBITDA was over AED 14.7 billion.
- It recorded the highest annual power generation of 56.1 TWh, which includes clean power generation of 6.2 TWh.
Business
Emirates retains fourth most valuable airline brand status
Dubai, UAE -- UAE carrier Emirates defended its title as the fourth most valuable airline brand, with a staggering 30...
- The UAE carrier witnessed 30 percent increase in brand value, reaching $6.6 billion, according to Brand Finance, a brand valuation consultancy.
- Qatar Airways (brand value up 27 percent to $3.1 billion) is the second most valuable Middle Eastern brand.
Business
ADIB closes $235m Sharia-compliant transaction to finance gas carriers
Abu Dhabi, UAE -- Abu Dhabi Islamic Bank (ADIB) has closed a sharia compliant syndicated transaction totaling AED865 million ($235...
- This is the second tranche of $370m syndication, which will be used to finance the construction of three Very Large Gas Carriers.
- The vessels will be dual-fuel efficient and enjoy operational, economic and environmental efficiencies through their Liquefied Petroleum Gas (LPG) engines.
Arts & Culture
Abu Dhabi SeaWorld named world’s largest indoor marine-life theme park
Abu Dhabi, UAE -- SeaWorld Yas Island, Abu Dhabi, has been recognized as the largest indoor marine life theme park...
- Covering a sprawling expanse of over 183,000 square meters and spanning five indoor levels, this facility stands as the inaugural marine life theme park in the region.
- The marine life theme park has been certified by Global Humane, the world's foremost certifier of animal welfare standards.
Business
Empower okays S115.7m dividend
The company has already disbursed dividends for H1 2023
- Empower, listed on the Dubai Financial Market, achieved record-high revenue of AED 3.035 billion for 2023.
- The company anticipates a minimum dividend payout of AED850 million annually during the first two fiscal years post-listing on the DFM
Business
Mubadala invests in Avanse
Avanse is education-focused non-banking financial company.
- Mubadala led this round of funding through its affiliate Alpha Investment Company with participation from Avendus.
- Avanse is the second largest NBFC in the education finance space in India, with AUM at around AED5.5 billion.
Business
Atlantis Dubai first Eastern Hemisphere Certified Autism Center resort
Dubai, UAE -- Atlantis Dubai becomes the first resort destination in the Eastern Hemisphere to gain the Certified Autism Center...
- To meet IBCCES requirements, Atlantis Dubai ensured that over 80 percent of its colleagues received training in autism and sensory awareness.
- More than 90 percent of guest-facing colleagues across both resorts underwent training in Autism & Sensory Awareness (ASA).
Business
Arabian Travel Market’s sold-out Travel Tech area grows 56% YoY
Dubai, UAE -- More than 100 of the world’s leading travel technology companies will be exhibiting at Arabian Travel Market...
- 33 percent more exhibitors participating this year, thanks to unprecedented demand from companies looking to showcase their innovations in front of a global audience.
- The global travel technology market was valued at $9.4 billion in 2022 and is projected to reach $21 billion by 2032.
Business
ADNIC approves cash dividend of $69m
The company had posted its highest-ever net profit of $109.1m for 2023.
- Earnings per share (EPS) had climbed year-on-year (YoY) to AED 0.70 in 2023 from AED 0.63.
- During 2023, ADNIC's total insurance revenue hit AED 4.64 billion, down from AED 4.66 billion a year earlier.
Business
Boubyan Bank okays 8% cash dividend
The Bank's general assembly also approved 6% in bonus shares.
- The Bank managed a record growth rate of 39 percent, while registering KD 80.4 million ($262.75 million.
- Chairman Boubyan Bank Abdulaziz Abdullah Dakheel Al-Shayahe said the bank continued its precautionary approach by allocating KD 31.7 million in provisions.
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...
Geostrategy
Company News
Latest News
Dubai diamond trade hits record $41.7 billion in 2025, DMCC says
Dubai, UAE -- Dubai's diamond trade rose to a record $41.7 billion in 2025, surpassing its previous high set in...
Business
US strikes hit Iran for third night as Tehran expands retaliation across Gulf
US Central Command (CENTCOM) said its forces completed a five-hour mission that struck military targets in Bushehr, Chah Bahar, Jask,...
Geostrategy
The value imperative: leading growth forward
Companies should act now by strengthening financial resilience, embracing AI, diversifying supply chains and remaining lean. Waiting for stability is...
Opinion
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Geostrategy
US launches fresh strikes on Iran as Tehran expands attacks on Gulf bases
The latest operation followed approximately 140 US strikes carried out the previous day after Iran attacked a commercial ship in...
- Iranian state media reported US strikes on the southern Gulf islands and said one person was killed and four others wounded in Khuzestan province.
- Iran also reported drone strikes on sites in Oman, while Kuwait said border posts and an offshore oil platform had come under attack.
Geostrategy
Sheikh Hamad bin Khalifa Al Thani, who put Qatar on world map, passes away
His death at the age of 74 closed a defining chapter in the country's modern history. During his 18-year reign...
- His voluntary 2013 abdication to Emir Sheikh Tamim marked an unprecedented peaceful generational transition in modern Gulf monarchies.
- In 1996, he authorised the launch of Al Jazeera, the satellite television network that revolutionised Arabic-language news and reshaped media across the region.
Geostrategy
Iran launches drone, missile attacks on Gulf nations after US strikes
The latest round of fighting erupted after Iran's IRGC attacked a Cyprus-flagged container ship it said was transiting via an...
- UAE's ministry of defence said the country's air defence was engaging Iranian drones and missiles.
- Qatar and Bahrain asked its citizens to remain calm and move to safer places.