Saudi mega-projects could generate 35% of power needs through on-site renewables
A BCG report says rooftop solar and decentralized renewable systems can lower electricity costs, reduce emissions and help developers meet...
Research
Business
UAE investors drive half of Sharjah property trade in first half
Dubai, UAE -- UAE investors accounted for more than half of Sharjah's real estate trading value in the first half...
- Women increased their presence across ownership and transaction activity, with younger investors recording particularly strong participation levels.
- Official report attributes investment growth to supportive legislation, urban development and expanding portfolio of quality real estate projects.
Business
du deploys sovereign cloud platform for Dubai Taxi Company
Dubai, UAE -- UAE telecom operator du said on Monday it had completed the deployment of its National Hypercloud platform...
- Migration moves mission-critical transport systems onto Oracle Alloy-based infrastructure hosted entirely within the UAE for enhanced sovereignty and resilience.
- Platform is designed to reduce operating complexity while supporting AI-driven analytics and future digital mobility service expansion.
Analysis
Luxury stocks: when good results are not enough
Luxury sales are rising, but investors remain increasingly selective as markets reward durable, high-quality growth over headline gains, says etoro...
- Richemont outperformed peers as resilient jewellery demand and broad regional growth reassured investors despite broader luxury sector uncertainty worldwide.
- Burberry and Moncler exceeded expectations, but lingering concerns over recovery durability and seasonality weighed heavily on investor sentiment.
Business
EasyLease H1 profit $12.2m
Revenue rises on stronger operations.
- Fleet exceeded 50,000 mobility assets as logistics expansion and higher utilisation supported profitability across transport and warehousing operations nationwide.
- Etihad Rail shuttle operations contributed early gains through integrated first-mile and last-mile services linking Abu Dhabi passenger destinations efficiently.
Business
Dubai Chambers legal events draw 1,551 business representatives in H1
Dubai, UAE -- Dubai Chambers said it organized 15 legal events during the first half of 2026, attracting 1,551 representatives...
- Seminars and workshops cover employment law, taxation, contracts, intellectual property and UAE Civil Transactions Law developments for businesses.
- Dubai Chambers said the initiative aims to help companies keep pace with legislative changes, strengthen compliance, reduce legal and operational risks and enhance competitiveness.
Business
FAB profit edges higher
Income growth supports steady earnings.
- First Abu Dhabi Bank posts $2.92 billion first-half profit as operating income, lending and margins continue strengthening performance.
- AI deployment boosts productivity while sustainable financing reaches 79 percent of the bank's 2030 target during first half.
Business
UAB H1 profit climbs
Income, lending drive first-half growth
- Loans, Islamic financing, deposits and investments expand while capital, liquidity and asset quality remain above regulatory requirements throughout.
- Total assets increased 16 percent to 28 billion dirhams ($7.62 billion).
Analysis
Alphabet and Tesla in focus as markets demand more from Big Tech
"Three months ago investors were comfortable funding aggressive AI investment," Gilbert added. "Today they're asking tougher questions. Markets now want...
- One bright spot remains Alphabet's AI monetisation strategy, with Gemini now exceeding 900 million monthly users.
- The market expects Tesla to report USD 26.3 billion in revenue and earnings per share of USD 0.50.
Business
CFI posts record first-half trading volume of $5.34 trillion
Dubai, UAE -- CFI Financial Group said it recorded its strongest first half on record, with trading volume reaching $5.34...
- The broker expanded into Brazil, launched UAE local stocks and Bahrain digital assets while active clients rose 8.4 percent annually.
- The company said metals generated the strongest demand during the quarter, followed by increased activity in equity indices.
Business
ADNOC Okays $6.2bn Umm Shaif project to expand UAE supply
Dubai, UAE -- Abu Dhabi National Oil Company (ADNOC) has approved a final investment decision (FID) worth $6.2 billion to...
- Umm Shaif Gas Cap project will produce over 600 million scfd of gas by 2030, boosting UAE energy security significantly.
- Project includes $5.1 billion EPC contracts and $365 million drilling programme executed by ADNOC Drilling over 18 months.
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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
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...
Luxury stocks: when good results are not enough
Luxury sales are rising, but investors remain increasingly selective as markets reward durable, high-quality growth over headline gains, says etoro...
Analysis
Dubai Chambers legal events draw 1,551 business representatives in H1
Dubai, UAE -- Dubai Chambers said it organized 15 legal events during the first half of 2026, attracting 1,551 representatives...
Business
Most Read
Business
UAB H1 profit climbs
Income, lending drive first-half growth
- Loans, Islamic financing, deposits and investments expand while capital, liquidity and asset quality remain above regulatory requirements throughout.
- Total assets increased 16 percent to 28 billion dirhams ($7.62 billion).
Analysis
Alphabet and Tesla in focus as markets demand more from Big Tech
"Three months ago investors were comfortable funding aggressive AI investment," Gilbert added. "Today they're asking tougher questions. Markets now want...
- One bright spot remains Alphabet's AI monetisation strategy, with Gemini now exceeding 900 million monthly users.
- The market expects Tesla to report USD 26.3 billion in revenue and earnings per share of USD 0.50.
Business
CFI posts record first-half trading volume of $5.34 trillion
Dubai, UAE -- CFI Financial Group said it recorded its strongest first half on record, with trading volume reaching $5.34...
- The broker expanded into Brazil, launched UAE local stocks and Bahrain digital assets while active clients rose 8.4 percent annually.
- The company said metals generated the strongest demand during the quarter, followed by increased activity in equity indices.