Dubai Chambers, NASSCOM to expand cooperation on Agentic AI
Dubai Chambers has signed a memorandum of understanding with India's National Association of Software and Service Companies (NASSCOM) to expand...
Business
Business
Masdar, ScottishPower complete foundations at East Anglia THREE
Abu Dhabi Future Energy Company PJSC (Masdar) and ScottishPower Renewables have completed installation of all 95 foundations at the £4...
- The project has completed its foundation phase as turbine installation passes halfway, with construction continuing toward a planned end-2026 operation.
- The development is supporting thousands of construction jobs and has directed almost £2 billion toward Britain's domestic renewable-energy supply chain.
Economy
70% Saudization for project management jobs from February 2027
Saudi Arabia's Ministry of Human Resources and Social Development (HRSD), in partnership with the Ministry of Municipalities and Housing (MOMAH),...
- The decision covers private-sector establishments employing at least three workers in targeted project management professions.
- Support includes recruitment, training, qualification, job retention and priority access to Saudization programs for covered employers.
Business
AD Ports posts 88 percent rise in second-quarter net profit
Dubai, UAE -- AD Ports Group reported a record quarterly performance for the second quarter of 2026, with net profit...
- Revenue rose 47 percent to AED7.08 billion ($1.93 billion), while EBITDA increased 49 percent to AED1.74 billion ($474 million).
- The group added 400 trucks during the quarter and increased rail service frequency with Etihad Rail.
Business
DEWA posts record H1 profit
Revenue reaches record $4.04 billion.
- DEWA’s first-half net profit rose 15.02 percent, supported by electricity, water and cooling demand, customer growth and operational performance.
- Clean energy accounted for 19.9 percent of power generated during the second quarter, as DEWA expanded renewable capacity.
Analysis
GCC banks need stronger safeguards amid geopolitical uncertainty, KPMG says
KPMG says banks can strengthen portfolios through scenario analysis, stronger governance and monitoring as geopolitical tensions threaten borrowers, funding conditions...
- GCC banks' 19.3% capital ratio provides a foundation after years of prudent risk management and balance sheet discipline.
- Retail, corporate and commercial real estate portfolios face pressures from income erosion, funding costs, revenue disruption and valuation risks.
Business
Tabreed H1 revenue $308m
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.
Business
UAE, Qatar lead Global Telecom Health Index on market structure
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.
Business
ADNOC Gas posts $665 million in H1 net income
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.
Business
World Governments Summit, WTTC launch tourism partnership
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.
Opinion
Cyber resilience is more than recovering from an attack
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.
Most Read
Revenue from Saudi cinema may exceed $1bn by 2030KSA, UAE play well as e-gaming trends across GCCExclusive: Middle East’s retail sector rides on AR and hybrid shopping to become $600bn digital economyTECOM Group profit soars 13%UAE startups eye Saudi Arabia for growth, expansionSaudi Arabia leads GCC AI healthcare raceDisparity remains as Saudis, Emiratis see wealth gains
Company News
Latest News
Musk kicks Kanye West off Twitter for ‘incitement to violence’
West has made a series of anti-Semitic comments recently, as the one-time titan of fashion and music appears to have...
Oman sees hospitality industry revenue fall 3.5%
The National Centre for Statistics and Information says domestic guest have supported the Oman's hotels.
Proof of Covid-19 vaccination, PCR test needed to enter Expo Dubai
Expo 2020 visitors will need a coronavirus vaccination or a negative PCR test to enter, organisers in Dubai has said....
Cyberattack hits hundreds of US businesses
A US IT company urges customers to shut down their servers after the attack UN Security Council members recently warned...
Saudi Arabia to generate $150 billion in investments from its new transport policy
The government would provide thirty-five percent of the investments The rest of it, sixty-five percent, will come from the private...
AD Ports posts 88 percent rise in second-quarter net profit
Dubai, UAE -- AD Ports Group reported a record quarterly performance for the second quarter of 2026, with net profit...
Business
GCC banks need stronger safeguards amid geopolitical uncertainty, KPMG says
KPMG says banks can strengthen portfolios through scenario analysis, stronger governance and monitoring as geopolitical tensions threaten borrowers, funding conditions...
Analysis
Most Read
Business
UAE, Qatar lead Global Telecom Health Index on market structure
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.
Business
ADNOC Gas posts $665 million in H1 net income
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.
Business
World Governments Summit, WTTC launch tourism partnership
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.