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Google to invest $6.4bn

The investment is its biggest-ever in Germany.

Pfizer poised to buy Metsera

The pharma giant improved its offer to $10bn.

Ozempic maker lowers outlook

The company posted tepid Q3 results.

Kimberly-Clark to buy Kenvue

The deal is valued at $48.7 billion.

BYD Q3 profit down 33%

This was a 33% year-on-year decrease.

Emirates orders 65 more Boeing 777X planes despite delays

Dubai, UAE -- Emirates, the Middle East's biggest airline, topped up its order of Boeing 777X planes on Monday despite...

DP World mobilizes $1 billion in working capital to boost trade flow

Dubai, UAE — DP World Trade Finance has mobilized more than US$1 billion in working capital to support businesses across...
  • This was achieved through a combination of DP World’s own lending operations and partnerships with over 32 global financial institutions.
  • DP World Trade Finance has enabled trade across Africa, the Americas, Asia, and Europe, supporting sectors such as agriculture, metals, automotive, and engineering.

ADIB H1 pre-tax profit $1.08bn

Q2 pre-tax net profit increases by 14 percent.
  • Total income for H1 2025 rose 11 percent to AED5.9 billion, up from AED5.3 billion in H1 2024.
  • Non-funding income rose 15 percent year-on-year to AED2.3 billion in H1 2025, up from AED2 billion in the prior-year period.

Mawani adds FRS1 shipping service to Jeddah Islamic Port

Jeddah, Saudi Arabia -- The Saudi Ports Authority (Mawani) has added  CStar Line's new Far East-Red Sea service (FRS1) to...
  • The service connects the port to to five regional and international ports: Ningbo, Shanghai, and Nansha in China; Aqaba in Jordan; and Ain Sokhna in Egypt.
  • This move is part of Mawani's efforts to improve the Kingdom's ranking in global performance indicators and support national export activity.

Global gas flaring surges again, costs $63bn in lost energy: WB

Washington, UAE -- Global gas flaring surged for a second year in a row, wasting about $63 billion in lost...
  • Flaring, the practice of burning natural gas during oil extraction, reached 151 billion cubic meters (bcm) in 2024, up 3 bcm from the previous year.
  • While some countries have reduced flaring, the top nine largest-flaring countries continue to account for three-quarters of all flaring.

Dubai real estate transactions exceed $117.34 billion in first half of 2025

The number of new investors in the market reached 59,075, with investments totaling $42.74 billion, a 22 percent increase in...
  • According to data issued by the Dubai Land Department, the number of real estate transactions reached 125,538, up from 99,947 during the same period in 2024, an increase of 26%.
  • Women played a pivotal role in driving market activity, investing AED73.2 billion during this period with 34,792 transactions made by 30,487 female investors.

ADNOC shifts OMV stake to XRG

XRG is ADNOC's wholly-owned international investment company.
  • This transfer, which is subject to regulatory approvals, is aligned with ADNOC’s strategy to consolidate its international growth investments under XRG.
  • ADNOC is also progressing with preparation for the proposed establishment of Borouge Group International, which is set to be a top-four global polyolefins producer.

Saudi leads MENA in VC funding for H1, surpassing 2024’s full-year total

Riyadh, Saudi Arabia -- Saudi Arabia retained the top spot across the Middle East and North Africa region in terms of...
  • Saudi Arabia's H1 VC share is 56 percent of the total capital deployed in the region.
  • The report also revealed that Saudi Arabia achieved a record number of 114 VC deals for the first half of 2025.

SIB H1 net profit $189m

The bank's total assets increased by $1.49 billion.

Salini awarded $600m contract for 400 retail units in Diriyah Square

Riyadh, Saudi Arabia -- Diriyah Company has announced the award of a major new $600 million (SAR2.249 billion) contract for...
  • Diriyah Square is located at the heart of Diriyah, the City of Earth, within the unique Najdi-inspired architectural Diriyah Masterplan.
  • It is designed to develop a vibrant retail district featuring a mix of 400 iconic retail, leisure, and dining brands.

UAE, Germany launch joint business council to strengthen economic ties

Berlin, Germany - Dr. Sultan Ahmed Al Jaber, UAE Minister of Industry and Advanced Technology and Special Envoy to the...
  • The event brought together more than 150 prominent business leaders from both countries and formed part of the official visit of Dr. Al Jaber to Germany
  • The establishment of the UAE-Germany Business Council reflects the strong and long-standing economic partnership between the two nations

Emirates orders 65 more Boeing 777X planes despite delays

Dubai, UAE -- Emirates, the Middle East's biggest airline, topped up its order of Boeing 777X planes on Monday despite...

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UAE continues to attract major global companies for new headquarters

Dubai, UAE -- The United Arab Emirates has continued to attract global companies looking to establish regional or global headquarters....

Zawiya 97: New cultural hub for handicrafts in historic Jeddah

Jeddah - Zawiya 97, a new cultural hub for handicrafts in Historic Jeddah, located next to Nassif House, combines heritage...

ADNOC completes $316 million sale of ADNOC L&S shares

ABU DHABI – Abu Dhabi National Oil Company (ADNOC) has sold a 3 percent stake in its logistics and shipping...
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INSEAD Day 4- 300x600

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Ajman records real-estate deals worth $381 million in July

Ajman, UAE -- Real estate transactions valued at AED 1.48 billion ($381 million) were recorded in Ajman in July 2025....
  • Commercial properties accounted for the largest share of the total valuation value at AED943 million.
  • Residential properties amounted t AED198 million, while industrial properties ranked third with a total of AED336 million.

Saudi non-oil exports increase by 17.8 percent in second quarter

Riyadh, Saudi Arabia -- Saudi Arabia’s non-oil exports rose by 17.8 percent in the second quarter of 2025, according to...
  • The increase included a 46.2 percent rise in re-exports, while national non-oil exports excluding re-exports grew by 5.6 percent.
  • In Q2 2025, a 15.8 percent decline in oil exports dragged total merchandise exports down by 7.3 percent year-on-year.

Creators HQ attracts 2,415 active members from 147 countries with combined following of over 2 billion

Dubai, UAE – Creators HQ, the first headquarters for content creators in the UAE and the Middle East, has seen...
  • Creators HQ also brings together content creators and industry leaders worldwide to amplify their impact, develop their work, and support the sustainability
  • In addition, it attracted 78 global companies in the content sector from 24 countries to relocate to the UAE, with the UK, Pakistan, the US, India, France, leading the list