Business - TRENDS MENA

Blurb: Profit reaches $52 million in H1
Connected capacity rose 15 percent year-on-year, reaching 1.58 million refrigeration tonnes amid continued portfolio expansion.
Operating cash flow climbed 40 percent to $172 million, supporting growth investment, balance sheet optimisation and shareholder returns.
Kearney’s 34-market study finds coordinated investment, strong customer satisfaction and financial performance helping the two Gulf markets outperform larger economies.
Markets with two or three mobile operators scored higher across financial, commercial and technology measures than more fragmented markets globally.
Tower ownership also emerged as a factor, with UAE operators retaining passive infrastructure linked to stronger deployment and commercial performance.
The company also raised its target for EBITDA growth to 60 percent by 2030, compared with 2023, up from its...
Fatema Al Nuaimi, CEO of ADNOC Gas, said the company was accelerating one of the world's largest gas-processing growth programmes.
The board approved a quarterly dividend of $940 million, payable in September, in line with the company's commitment to annual dividend growth of 5 percent through 2030.
The World Governments Summit Organisation and the World Travel & Tourism Council have launched a strategic partnership to advance global...
The partnership seeks more flexible, sustainable policies that strengthen tourism’s contribution to investment, economic growth, job creation and international cooperation.
Cooperation will focus on global dialogues, knowledge exchange and future-ready initiatives designed to help the sector adapt to changing conditions.
The question is no longer if an organization will experience a cyber incident. It is how well it will respond...
Organizations increasingly adopt "assume breach" strategies, prioritizing detection, response and recovery alongside traditional preventive cybersecurity investments today.
AI and automation accelerate threat detection and recovery, while boardrooms increasingly measure cybersecurity through business resilience outcomes instead.
It will acquire 11 carriers for $1.3bn.
Acquisition includes nine vessels entering service this quarter, with two Chinese-built gas carriers scheduled for fourth-quarter delivery.
The company said the acquisition would provide near-term operational and earnings potential while increasing the scale, flexibility and resilience of its shipping platform.
Founder Mohamed Alabbar said the results reflected Emaar's disciplined approach and Dubai's continued economic expansion, adding that the company would...
Property sales reached AED26.6 billion as revenue backlog climbed 13 percent, providing strong visibility for future earnings recognition, the company said.
Developer unveiled AED200 billion masterplan while expanding residential portfolio with 11 launches across Dubai and boosting international operations.
Dubai district cooling demand lifts earnings
First-half revenue rose 4.5 percent as EBITDA increased 7.5 percent, supported by growing district cooling demand across Dubai developments.
Empower added 61 contracts, lifting contracted capacity above two million refrigeration tonnes as connected buildings increased to 1,796.
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.
Dubai, UAE -- Real estate transactions in Sharjah rose 61.8 percent in July from the previous month to AED7 billion...
Sharjah real estate transactions climbed 61.8 percent month-on-month to $1.91 billion as transaction volumes increased 25.3 percent in July.
Largest land sale reached AED850 million while mortgages totaled AED1 billion, highlighting sustained investment across 129 areas statewide.