The long memory of Dubai’s debt markets
Binghatti’s review comes as net profit rose 64% year-on-year, while Moody’s had only five months earlier cited strong liquidity, disciplined...
Analysis
Shein’s debut puts its valuation, and its growth story, to test
Shein’s weak debut is a telltale sign that limited share availability cannot disguise investor concerns over valuation and growth, says...
Analysis
Business
Microsoft valuation surges above $4 trillion as AI lifts stocks
Shares of Microsoft vaulted 5.3 percent after it reported $27.2 billion in quarterly profits as it touted massive investments in...
- About 25 minutes into trading, the tech-rich Nasdaq Composite Index was up 1.3 percent at 21,396.04.
- The gains came as President Donald Trump announced a trade deal with South Korea that imposes a 15 percent tariff on imports from the Asian country.
Arts & Culture
Thousands of carpets sunbathe at Turkish resort
From June-Sept, in harvested fields cleared of stubble, merchants bring their cargo to age in the sun, tempering the bright...
- In the past, up to 60,000 carpets were processed in each three month drying season in the Dosemealti district.
- But today he is one of the last ones to do so, with around 15,000 carpets stored side by side on a 40-hectare (100 acre) area.
Business
ADNOC Drilling H1 revenue $2.37bn
The company posted a net profit of $692m.
- The company's Board of Directors approved the $217 million (approx. 5 fils per share) second quarterly dividend for 2025.
- The dividends are expected to be paid in the second half of August 2025 to all shareholders of record as of 8th August 2025.
Business
Dubai International Airport logs record 46 million travelers in first half
Dubai, United Arab Emirates -- Dubai International Airport welcomed a record 46 million passengers in the first half of this...
- The facility marked its busiest first half on record with a 2.3 percent YoY growth, Dubai Airports said in a statement, "despite temporary airspace disruptions in May and June."
- During the 12-day Iran-Israel war, airlines cancelled flights to many Middle East destinations as some governments closed their airspace.
Arts & Culture
Portugal’s Felix joins Ronaldo at Al Nassr in Saudi
Riyadh, Saudi Arabia -- Portuguese forward Joao Felix has signed a two-year deal with Saudi Arabia's Al Nassr, where he...
- Felix, now 25, made a blockbuster move from Benfica to Atletico Madrid in 2019, but has since seen his fortunes decline.
- "I'm here to spread joy. Let's win together," said Felix in a video posted on the club's X account. A separate post said he had signed until 2027.
Business
Palantir, the AI giant that preaches US dominance
Palo Alto, United States - Palantir, an American data analysis and artificial intelligence company, has emerged as Silicon Valley's latest...
- The company's reach spans the global economy, with banks, hospitals, the US government, and the Israeli military among its ever-expanding client roster
- "We want and need this country to be the strongest, most important country in the world," Alex Karp, Palantir's CEO, recently declared at a client conference in Palo Alto
Business
DIFC records 25 percent rise in registered firms in H1 2025
Dubai, UAE --Â Dubai International Financial Centre (DIFC), the leading global financial center in the Middle East, Africa and South...
- The total number of active registered companies reached 7,700, up from 6,153 in H1 2024 - a 25 percent year-on-year increase.
- The number of professionals working in DIFC rose to 47,901, marking a significant 9 percent increase from 43,787 a year earlier.
Business
European Union probes UAE oil giant’s purchase of Germany’s Covestro
Brussels, Belgium -- The European Commission on Monday announced an investigation into the takeover of German chemical firm Covestro by...
- "The commission has preliminary concerns that foreign subsidies granted by the UAE could distort the EU internal market," a statement by the bloc's executive arm said.
- Plastics maker Covestro accepted a bid -- valuing the company at 12 billion euros ($14 billion) -- from the Abu Dhabi National Oil Company in October.
Geostrategy
Urgent need for ‘global approach’ on AI regulation: UN tech chief
Geneva, Switzerland -- The world urgently needs to find a global approach on regulating artificial intelligence, the United Nations' top...
- Doreen Bogdan-Martin, head of the UN's International Telecommunications Union (ITU), said regulation was key as concerns rise over fast-moving technology.
- Bogdan-Martin, the first woman to serve as ITU secretary-general in the organization's nearly 160-year history, also stressed the need to get more women into the digital space.
Business
Eni profit falls due to dip in oil prices
Q2 net profit fell by 18% to $637 million.
- Revenues also declined in the second quarter by 14 percent year-on-year to 18.8 billion euros, the company said in a statement.
- The oil giant also confirmed its production target of 1.7 million barrels of oil a day for the current year, despite a three percent decline in the second quarter.
The long memory of Dubai’s debt markets
Binghatti’s review comes as net profit rose 64% year-on-year, while Moody’s had only five months earlier cited strong liquidity, disciplined...
Analysis
Company News
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Latest News
Gold holds near two-week high on tempered Fed rate hike expectations
Dubai, UAE -- Gold was steady near a two-week high on Monday after a ‌softer-than-expected US jobs report last week...
Business
EMEA megadeals surge as AI reshapes global dealmaking strategy: Report
The report warns that companies now face a new challenge: pursuing large acquisitions while simultaneously funding and executing AI transformations.
Business
Dubai SME programme awards record $485 million in contracts in 2025
Dubai, UAE --Â Dubai's Emirati Supplier Programme facilitated a record AED1.78 billion ($485 million) in contracts for Emirati-owned small and medium-sized...
Business
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Analysis
Reading Dubai’s place on the UBS Bubble Index
The index scores the distance between current prices and their historic relationships with local rents, incomes and mortgage debt. A...
- Fifth place measures how far and how fast Dubai has repriced, not how fragile it is.
- The realistic downside is an orderly cooling, concentrated primarily in the over-supplied districts named above, not a credit-driven fall across the city
Business
Emirates becomes first airline cargo carrier to deploy Boeing 777-300ERSF
Dubai, UAE -- Emirates is marking a significant milestone in the expansion of its cargo fleet by becoming the first...
- The aircraft (A6-EBK) will enter commercial service with a flight from Hong Kong to Dubai carrying over 100 tones of cargo.
- The converted Boeing 777-300ERSF is the sixth new freighter, following five Boeing 777-F production freighters, to join Emirates SkyCargo’s fleet since March 2026.
Business
GCC asset management reaches $2.7 trillion as retail growth outpaces institutions
Boston Consulting Group says regional asset managers must strengthen distribution capabilities and technology adoption as industry competition intensifies globally.
- Retail assets outpaced institutional growth, highlighting accelerating demand despite institutional investors continuing to dominate regional assets under management.
- BCG says distribution capabilities, AI adoption and technology investment will increasingly determine competitive advantage for regional asset managers.