The company also raised its target for EBITDA growth to 60 percent by 2030, compared with 2023, up from its...
Dubai district cooling demand lifts earnings
Brent crude futures rose 24 cents, or 0.38%, to $78.15 a barrel by 0026 GMT, while U.S. West Texas Intermediate...The gains followed a selloff of more than 3% on Monday, when oil prices fell after signs of progress in negotiations between Washington and Tehran.
Spot gold was down 1.1% at $4,142.61 an ounce as of 0414 GMT, while U.S. gold futures for August delivery fell 1% to $4,160.20.
New economic licences issued in Abu Dhabi rose 21% in the first quarter of 2026 from a year earlier, reflecting...New licences rose 58% in Al Ain and 28% in Al Dhafra, outpacing growth in Abu Dhabi city.
Thirty-four industrial facilities entered production during the quarter, supporting local manufacturing capacity and supply-chain development goals.
State-backed investors are expanding beyond traditional investment models, increasing exposure to alternatives, AI and direct deals while balancing returns with...Top 10 sovereign wealth funds hold more than 75% of global assets.
Sovereign wealth funds reached about $15 trillion in assets under management in 2025.
Dubai, UAE -- Saudi Arabia reduced its holdings of U.S. Treasury securities by $9.5 billion in April to $140.1 billion,...The decline followed a sharp increase earlier this year that had lifted Saudi holdings to a six-year high of $160.4 billion in February.
Since then, the kingdom has pared back its exposure, largely through reductions in Treasury bills and other short-dated securities.
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.
