Founder Mohamed Alabbar said the results reflected Emaar's disciplined approach and Dubai's continued economic expansion, adding that the company would...
Saudi oil giant Aramco reported a 44 percent jump in second-quarter net profit on Wednesday, helped by higher crude oil...
The growth was driven primarily by domestic travel, which reached 93.3 million tourists, up 8.3% from 2024, while inbound visitor...Leisure and holiday travel attracted 7 million visitors, while visits to friends and relatives totaled 4.4 million. Business travel rose 14% to 2.3 million visitors.
Hospitality capacity expanded sharply, with licensed rooms rising 25.4% as tourism's contribution to GDP edged higher.
Dubai, UAE -- AD Ports Group has launched an integrated logistics service linking the UAE's Khalifa Port with Iraq's Umm...Weekly shipping link targets growing container and Ro-Ro traffic moving between Iraq, the UAE and neighbouring markets.
Enhanced logistics capabilities at both ports aim to improve cargo handling efficiency and long-term supply chain resilience.
- The emirate was ranked in the #41-50 category globally, improving from the #51-60 range a year earlier and marking one...
The report highlighted the role of Hub71 in supporting founders and technology companies as Abu Dhabi seeks to strengthen its position as a global innovation hub.
The report, unveiled at the VivaTech conference in Paris, analyzed data from more than 5.5 million companies across over 350 entrepreneurial ecosystems worldwide.
- The U.S. Dollar Index fell to 99.53, giving back part of the gains it had recently recorded on safe-haven demand....
Other precious metals also moved higher. Spot silver gained 0.3% to $70.38 an ounce, platinum rose 0.5% to $1,812.80, and palladium added 0.3% to $1,355.65.
Brent crude futures fell 16 cents, or 0.2%, to $78.80 a barrel by 0340 GMT, while U.S. West Texas Intermediate crude slipped 25 cents, or 0.3%, to $75.80 a barrel.
The slowdown was most pronounced in Riyadh, where transaction volumes and values dropped 82% from a year earlier. Activity also...Residential transaction volumes fell 50% year-on-year to 29,490 deals during the quarter, while the value of transactions declined 57% to SAR22 billion ($5.9 billion).
Riyadh Grade A office occupancy held at 97%, supported by limited supply of high-quality workspace.
- Dubai, UAE -- Etihad Airways is entering its largest summer season on record, operating more than 300 flights a day...
Airline launched four new destinations in four days and is restoring five seasonal routes across Europe and Africa.
Fleet has expanded by 23 aircraft year-on-year, supporting near-record passenger loads approaching 90% occupancy levels.
Dubai, UAE -- Dubai plans to award strategic contracts worth more than AED55 billion ($15 billion) for the expansion of...Contracts worth AED13 billion are under execution, with more than 10 million work hours completed over 15 months.
Dubai plans to award projects exceeding AED55 billion, including terminals, concourses, transport systems and infrastructure works.
Dubai, UAE -- Omar Matar Al Mannaei, chief executive officer and chief marketing officer of Emirates Auction, has been named...AI-powered customer acquisition engine launched in 2025 increased new customer growth by 38%, strengthening Emirates Auction’s market reach.
Unified analytics and personalization platforms helped lift retention by 14% and brand awareness by 20%, company said.
The 344-meters-long QC-Max vessel, being built by Hudong-Zhonghua Shipbuilding, is designed for a major Qatari LNG expansion project.It will carry substantially more cargo than conventional LNG carriers while reducing losses during transport.
Compared with standard 174,000-cubic-metre LNG carriers, the new design offers around 57% more cargo capacity.
Dubai, UAE -- Gold prices fell on Friday and were headed for a weekly loss, while major U.S. stock indexes...Dow, S&P 500 and Nasdaq rose after President Donald Trump withdrew threats of military action against Iran.
Palladium gained about 5% this week, outperforming other precious metals despite broader weakness across the sector.
