SpaceX IPO valuation raises concerns over investor demand
SpaceX’s planned initial public offering at a valuation of at least $1.8 trillion is emerging as a major test of...
Business
UAE executives face growing accountability over AI strategies
A new Dataiku study shows UAE CEOs increasingly view AI performance, governance and accountability as defining measures of leadership success.
Business
Business
2PointZero posts profit surge
Growth driven by merger consolidation.
- Revenue jumps to $2.7 billion as mergers and acquisitions drive expansion across multiple sectors and geographies.
- During the quarter, the company acquired a 60.8% stake in ISEM Packaging Group for $192 million.
Business
Mashreq Q1 profit rises
Total revenue increased 10% year-on-year.
- Mashreq posted first-quarter net profit growth as revenue, lending and deposits expanded strongly year-on-year.
- Non-interest income rose sharply, highlighting diversification as regional geopolitical uncertainty weighed on operating conditions.
Business
TECOM profit climbs
High occupancy across assets boosts earnings.
- TECOM lifted recurring profit as occupancy, rental rates and cost discipline strengthened margins.
- Commercial and industrial portfolios remained nearly full, supporting resilient cash flow and customer retention.
Business
Emirates Stallions Q1 revenue up 11%
The rise helped by strong demand in real estate
- Rotana Residences sold out before launch, underscoring strong demand for branded Abu Dhabi housing.
- Operating profit before tax jumped 32% to 79 million dirhams, reflecting efficiency gains across the group's core businesses.
Business
Firms lag as AI-driven fraud surges: Study
The report, published by the Association of Certified Fraud Examiners and analytics firm SAS, highlights widening gaps between rapidly evolving...
- Among the fastest-growing threats is deepfake-enabled social engineering.
- The United Arab Emirates and Saudi Arabia have the potential to take a leading role in next-generation fraud prevention.
Business
UAE real estate posts record Q1 growth on strong investor demand
In Dubai, the Dubai Land Department reported 718,160 real estate transactions, including 60,303 disposals, up 6% from a year earlier....
- Abu Dhabi recorded its highest quarterly performance on record with transaction values surging 160.7% to about $18.0 billion (AED66 billion).
- In Sharjah, real estate trading volume climbed 40.7% year-on-year to approximately $5.0 billion (AED18.5 billion).
Business
UAE foodservice sector set for continued growth through 2030: Deloitte preview
The UAE’s foodservice sector continued to grow in 2025 and is expected to expand further through 2030, even as the...
- The report said the global foodservice market is projected to reach €2.98 trillion in 2025, marking growth of 2.2% compared with 2024
- The UAE foodservice market, valued at €16 billion in 2025, grew by 1.6% compared with 2024 and is forecast to rise by a further 4.2% through 2030
Business
Sharjah Islamic Bank Q1 profit rises 19.4 percent
Sharjah Islamic Bank (SIB) reported a 19.4 percent rise in first-quarter net profit, supported by higher income from Islamic financing...
- Income from Islamic financing and sukuk rose 14.4 percent, supporting operating income growth and profitability levels.
- Customer deposits increased 10.3 percent, improving financing-to-deposit ratio while maintaining stable liquidity and asset quality metrics.
Business
Masdar, TotalEnergies $2.2bn venture to push renewable energy growth in Asia
Dubai, UAE -- Masdar and TotalEnergies have signed a binding agreement to establish a $2.2 billion 50/50 joint venture aimed...
- As electricity demand accelerates across Asia, this partnership brings together capital and expertise to deliver renewable
- The JV will have a portfolio capacity of 3 GW of operational assets and 6 GW
Opinion
Geopolitics, risk aversion and crypto: Why this time may be different
Bitcoin has already endured five consecutive months of declines since reaching an all-time high of $126,500 in October 2025. February...
- The Crypto Fear and Greed Index recently fell to record lows, highlighting just how fragile investor confidence had become even before geopolitical tensions intensified.
- Progress around the proposed CLARITY Act in the United States could mark a structural milestone for the industry.
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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
SpaceX IPO valuation raises concerns over investor demand
SpaceX’s planned initial public offering at a valuation of at least $1.8 trillion is emerging as a major test of...
Business
Company News
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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...
2PointZero posts profit surge
Business
Mashreq Q1 profit rises
Business
Firms lag as AI-driven fraud surges: Study
The report, published by the Association of Certified Fraud Examiners and analytics firm SAS, highlights widening gaps between rapidly evolving...
Business
Most Read
Business
UAE foodservice sector set for continued growth through 2030: Deloitte preview
The UAE’s foodservice sector continued to grow in 2025 and is expected to expand further through 2030, even as the...
- The report said the global foodservice market is projected to reach €2.98 trillion in 2025, marking growth of 2.2% compared with 2024
- The UAE foodservice market, valued at €16 billion in 2025, grew by 1.6% compared with 2024 and is forecast to rise by a further 4.2% through 2030
Business
Sharjah Islamic Bank Q1 profit rises 19.4 percent
Sharjah Islamic Bank (SIB) reported a 19.4 percent rise in first-quarter net profit, supported by higher income from Islamic financing...
- Income from Islamic financing and sukuk rose 14.4 percent, supporting operating income growth and profitability levels.
- Customer deposits increased 10.3 percent, improving financing-to-deposit ratio while maintaining stable liquidity and asset quality metrics.
Business
Masdar, TotalEnergies $2.2bn venture to push renewable energy growth in Asia
Dubai, UAE -- Masdar and TotalEnergies have signed a binding agreement to establish a $2.2 billion 50/50 joint venture aimed...
- As electricity demand accelerates across Asia, this partnership brings together capital and expertise to deliver renewable
- The JV will have a portfolio capacity of 3 GW of operational assets and 6 GW