UAE insurance assets rise 6.1 percent to $44.9 billion in 2025
Assets held by UAE insurance companies rose 6.1 percent to AED164.9 billion ($44.9 billion) in 2025, the Central Bank of...
Geostrategy
Etihad Airways becomes first airline to accept Jaywan payments
Etihad Airways has become the first airline to accept Jaywan, the UAE’s national domestic card scheme, for flight bookings on...
Business
Business
Alef Group launches $1.08 billion waterfront development in Sharjah
Dubai, UAE -- Alef Group has launched Linar, a AED4 billion ($1.08bn) waterfront residential development in Sharjah, marking the company's...
- The project, located in Al Mamzar near the Dubai border, comprises five residential towers and one commercial tower and is expected to deliver 2,620 homes upon completion.
- Alef said expressions of interest for Towers A, B and C had been fully reserved, representing more than AED2 billion in potential sales value.
Business
UAE consumers embrace AI shopping but remain wary of autonomous purchases
Visa's latest Stay Secure study also highlighted the rapid rise of social commerce, with 69% of UAE consumers reporting purchases...
- Forty-six percent of respondents said they had experienced a financial scam during the past 12 months.
- Consumers increasingly see technology as part of the solution, with 85% believing AI will play a critical role in protecting people from fraud in the future.
Business
Riyadh Air adds five routes as first Dreamliners arrive
The expansion marks an early test of Saudi Arabia's ambition to build Riyadh into a major international aviation hub.
- London flights have been brought forward by three weeks after aircraft arrived earlier than expected.
- The carrier aims to serve more than 100 destinations worldwide by 2030.
Business
OpenAI files confidentially for IPO as AI boom accelerates
The company did not disclose the size or timing of the offering, saying only that preparations remained at an early...
- Reuters previously reported OpenAI could seek a valuation of up to $1 trillion, potentially making it one of history's largest technology listings.
- The filing follows a restructuring effort and a court victory over Elon Musk, removing a major legal hurdle ahead of any share sale.
Analysis
Why flexibility is non-negotiable in the Middle East’s AI transformation
The region is a mosaic of digital ambitions where distinct national strategies are unfolding simultaneously. While the UAE accelerates its...
- Open source is the ultimate enabler of digital sovereignty, as it gives enterprises greater transparency, flexibility, and control over their IT estate.
- Energy and public sectors require rugged edge capabilities and the ability to process data in remote, high-demand environments.
Business
UAE travel sites improve email fraud protections: Proofpoint
Dubai, UAE -- The UAE's travel sector has strengthened its defences against email fraud ahead of the peak summer booking...
- Proofpoint said 45% of the travel websites surveyed were operating at the reject level, up from previous years, but 55% had yet to implement the strongest protection setting.
- The analysis was conducted in May 2026 and covered the UAE's 20 most-visited travel websites, identified using data from digital marketing platform SEMrush.Â
Business
Dubai economic zones post highest-ever trade performance in 2025
Dubai, UAE -- Dubai's integrated economic zones recorded their strongest-ever trade performance in 2025, with total trade rising 46% year-on-year...
- Total trade through DIEZ rose 46% to AED491 billion, marking a fifth consecutive year of growth and lifting its share of Dubai's non-oil trade to 16%.
- Trade volumes increased 50% to nearly 668,000 tonnes, signalling growth driven by higher cargo movement and commercial activity rather than price effects.
Business
Microsoft data highlights Qatar’s rapid Artificial Intelligence growth
The finding place Qatar among the top ten countries globally for practical AI usage. Qatar's AI market reached approximately $59...
- Experts say governance, regulation and workforce skills will determine the long-term success of Qatar's AI ambitions.
- Several institutions have played a leading role in advancing AI adoption, including Qatar Foundation for Education, Science and Community Development.
Business
Google inks multi-year AI infrastructure pact with SpaceX
Dubai, UAE -- SpaceX has signed a multi-year cloud services agreement with Alphabet's Google, securing a major customer for its...
- Google will pay $920 million monthly from October through June 2029, with reduced charges during the initial ramp-up period.
- SpaceX said the contract covers roughly 110,000 Nvidia GPUs alongside CPUs, memory and related computing infrastructure.
Business
Global travel firms reaffirm confidence in UAE tourism growth
Dubai, UAE --- Global travel companies and tourism industry leaders expressed confidence in the UAE's tourism sector during the "Engage...
- Elevate World launched Yara AI to support tour operators, hotels and tourism stakeholders across the wider travel ecosystem.
- Wynn Al Marjan Island updated industry partners on construction progress and international trade engagement ahead of opening.
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
UAE insurance assets rise 6.1 percent to $44.9 billion in 2025
Assets held by UAE insurance companies rose 6.1 percent to AED164.9 billion ($44.9 billion) in 2025, the Central Bank of...
Geostrategy
Company News
TECOM profit up 9%
Business
DAE H1 profit $229m
Business
Latest News
DFM reports higher H1 trading activity as profit reaches $121 million
Dubai, UAE -- Dubai Financial Market (DFM) reported a net profit before tax of AED443.2 million ($121 million) for the...
Business
Most Read
Business
TECOM profit up 9%
Revenue, occupancy drive earnings higher
- Occupancy reached 97 percent as demand for Grade-A offices, industrial assets and land leases supported higher rental income.
- Board approved AED440 million interim dividend while funds from operations climbed 12 percent on diversified revenue streams.
Business
DAE H1 profit $229m
Growth triggered by higher earnings, stron cash flow
- Aircraft lessor expanded fleet investments through new co-investment platforms targeting approximately $15 billion in aircraft assets over five years.
- Revenue increased alongside strong operating cash flow as DAE completed acquisitions, aircraft sales and more than 100 lease agreements.
Research
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...
- Study says early renewable integration avoids costly retrofits while improving long-term project returns through flexible financing options.
- Report highlights Saudi regulatory reforms and strong solar resources as key drivers accelerating renewable adoption across urban developments.