ADIB H1 pre-tax profit $1.08bn

• 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

• 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

• 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

• 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

• 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

• 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

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

• 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

• 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

Esports World Cup returns with record-breaking participation, global reach

• Speakers confirmed that this year’s edition will be the biggest and most remarkable to date, featuring over 2,000 players representing 200 teams
• Competitors will vie for a prize pool totaling USD 70 million across 25 tournaments, covering 24 games, including chess, Valorant, and Fatal Fury