Aldar, Arada sign $4bn Abu Dhabi development partnership
Dubai, UAE -- Aldar and Arada have agreed a strategic partnership covering development opportunities on Yas Island and at Seih...
Business
UAE central bank bars Bank Melli Iran branches from Iran transactions
The violations included non-compliance with requirements and obligations under UAE legislation relating to combating money laundering, the financing of terrorism...
Business
Geostrategy
Khalifa Education Award begins judging stage
Abu Dhabi, UAE — The General Secretariat of the Khalifa Award for Education, one of the institutions of the Zayed...
- This phase will be carried out through interviews conducted by specialized judging committees to review educational projects.
- The General Secretariat said the evaluation and judging phase aims to measure the actual impact of the submitted works.
Business
BYD 2025 revenue surges
The EV manufacturer reported net profit of $.3.3bn for 9M 2025.
- In the third quarter alone, BYD reported revenue of 194.99 billion yuan ($27.4 billion), while quarterly net profit reached 7.82 billion yuan ($1.1 billion).
- The automaker said global sales reached 3.26 million vehicles in the first nine months of 2025.
Business
Aramco net income $28bn
Capital investment during Q3 2025 $12.9bn on investments in energy projects.
- The company also reported free cash flow of approximately $23.6 billion in the quarter.
- The company is expanding gas production capacity and investing in new projects including the Jafurah gas development project.
Business
e& revenue up 23%
Consolidated net profit reached $2.94 billion during 2025.
- The telecom group also reported continued growth in its subscriber base and digital service offerings across its operating markets.
- During the third quarter of 2025, the company reported consolidated revenue of AED53.5 billion for the first nine months of the year.
Business
Al Rajhi profit up 26%
Operating income for 2025 increased 22% to SAR 39 bn.
- The bank said net profit increased 26 percent year-on-year to SAR24.79 billion ($6.6 billion) in 2025.
- Profit for the fourth quarter alone reached SAR6.37 billion.
Business
Emirates NBD 2025 profit $8.5bn
Total income rises by 12 percent, operating profit up 13%.
- Following the announcement of the results, Emirates NBD’s board proposed an ordinary dividend of 100 fils per share for the year.
- The lender is one of the largest banking groups in the Middle East and is listed on the Dubai Financial Market.
Business
flydubai 2025 profit $591m
Total revenue increases by 6% to $3.7bn
- The carrier reported EBITDA of 4.0 billion dirhams ($1.1 billion) and closed the year with cash and bank balances of 5.6 billion dirhams ($1.5 billion).
- flydubai carried a record 15.7 million passengers in 2025, supported by strong demand for both leisure and business travel.
Interview
GCC startups will surprise the world by building culture-first tech
Snap’s regional chief Hussein Freijeh outlines growth plans across MENA and APAC in an interview with TRENDS, highlighting startups, creators...
- Snap expects future growth in MENA and APAC to come from deeper community engagement and rising advertiser demand.
- Startups in the GCC use Snapchat to reach local audiences quickly through mobile-first storytelling and creator partnerships.
Business
Dubai targets $87 trillion wealth pool as investors rethink portfolios
Dubai, UAE -- Dubai is positioning itself as a global hub for private wealth as high-net-worth individuals rethink where and...
- Women, who account for more than one-tenth of ultra-high-net-worth individuals, are expected to receive 95 percent of an estimated $54 trillion in inter-spousal wealth transfers.
- Henley & Partners estimates the United Arab Emirates attracted about 9,800 new millionaires in 2025 — most settling in Dubai.
Business
UAE launches first 7-year Islamic Treasury Sukuk worth $150 million
Abu Dhabi, UAE -- The UAE Ministry of Finance said on Sunday it had launched its first-ever seven-year tranche of...
- The new tranche attracted strong demand amounting to approximately 3.1 billion dirhams, nearly six times the issuance size.
- Total bids reached 5.88 billion dirhams, representing an oversubscription ratio of 5.3 times.
Aldar, Arada sign $4bn Abu Dhabi development partnership
Dubai, UAE -- Aldar and Arada have agreed a strategic partnership covering development opportunities on Yas Island and at Seih...
Business
Company News
Latest News
Sharjah real estate deals jump 62 percent in July
Dubai, UAE -- Real estate transactions in Sharjah rose 61.8 percent in July from the previous month to AED7 billion...
Business
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Business
Aramco profit jumps as oil prices surge despite Hormuz disruption
Saudi oil giant Aramco reported a 44 percent jump in second-quarter net profit on Wednesday, helped by higher crude oil...
- Second-quarter net income climbed 44 percent to $32.7 billion as higher oil prices outweighed lower crude sales volumes.
- Aramco maintained exports despite Hormuz disruption, declaring a $21.9 billion dividend while advancing major oil and gas projects.
Business
Alpha Dhabi profit jumps 48%
AI and technology investments boost earnings.
- First-half revenue rose 5 percent to $10.24 billion, while adjusted EBITDA increased 7 percent to $2.53 billion year-over-year.
- Fair value investment gains reached $1.01 billion, driven by holdings in SpaceX, Cerebras and Anthropic alongside portfolio diversification efforts.
Business
Agthia profit, dividend jump
Transformation lifts earnings, cash generation.
- First-half revenue rose 7.4 percent to $708 million, while EBITDA increased 35.8 percent as margins expanded significantly.
- Free cash flow reached $142 million, net debt leverage declined sharply, prompting a 14.4 percent higher interim dividend recommendation.