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
EDGE, Brazilian Army to establish cyber defense center in Brazil
Dubai, UAE -- EDGE Group and the Brazilian Army will establish a Cyber Defence Centre of Excellence in Brazil, the...
Business
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.
Analysis
Big Tech faces AI spending test as earnings season gathers pace
The Magnificent Seven’s 5.7% fall last week shows that investors are no longer rewarding headline beats alone, they want proof...
- Microsoft has been the second-worst performer from the Mag 7 so far this year, with investors rattled by its 2026 capex guidance heading towards USD$190 billion.
- Meta faces the same spending question, with this year's outlay guided at up to USD$145 billion and next year's outlay potentially far larger.
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).
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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
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DEWA posts record H1 profit
Business
70% Saudization for project management jobs from February 2027
Saudi Arabia's Ministry of Human Resources and Social Development (HRSD), in partnership with the Ministry of Municipalities and Housing (MOMAH),...
Economy
AD Ports posts 88 percent rise in second-quarter net profit
Dubai, UAE -- AD Ports Group reported a record quarterly performance for the second quarter of 2026, with net profit...
Business
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Business
Tabreed H1 revenue $308m
Blurb: Profit reaches $52 million in H1
- Connected capacity rose 15 percent year-on-year, reaching 1.58 million refrigeration tonnes amid continued portfolio expansion.
- Operating cash flow climbed 40 percent to $172 million, supporting growth investment, balance sheet optimisation and shareholder returns.
Business
UAE, Qatar lead Global Telecom Health Index on market structure
Kearney’s 34-market study finds coordinated investment, strong customer satisfaction and financial performance helping the two Gulf markets outperform larger economies.
- Markets with two or three mobile operators scored higher across financial, commercial and technology measures than more fragmented markets globally.
- Tower ownership also emerged as a factor, with UAE operators retaining passive infrastructure linked to stronger deployment and commercial performance.
Business
ADNOC Gas posts $665 million in H1 net income
The company also raised its target for EBITDA growth to 60 percent by 2030, compared with 2023, up from its...
- Fatema Al Nuaimi, CEO of ADNOC Gas, said the company was accelerating one of the world's largest gas-processing growth programmes.
- The board approved a quarterly dividend of $940 million, payable in September, in line with the company's commitment to annual dividend growth of 5 percent through 2030.