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...
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...
Business
Business
Empower distributes $701 million dividends since listing
Dubai, UAE -- Emirates Central Cooling Systems Corporation PJSC (Empower) said it has distributed AED2.575 billion in dividends to shareholders...
- The company recorded AED3.419 billion revenue in 2025, while net profit rose 10.5% year-on-year to AED1.004 billion.
- In 2025, shareholders approved a dividend of AED875 million for 2025, paid in two equal instalments of AED437.5 million in April and October.
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.
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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...
Business
Company News
$1.59bn Makkah project awarded
Business
Latest News
Visa expands AI-driven payments program across CEMEA region
Visa launched its global Agentic Ready program in the United Arab Emirates on Wednesday, expanding efforts to support artificial intelligence-driven...
Business
UAE property market enters more sustainable growth phase
The UAE real estate market entered a more measured and mature phase in the first quarter of 2026 after the...
Business
Emirates breaks ground on Dubai South engineering hub
The $5.1 billion engineering complex targets advanced aircraft maintenance capabilities, sustainability benchmarks, and expanded aviation infrastructure. The facility is being...
Business
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Business
UAE executives face growing accountability over AI strategies
A new Dataiku study shows UAE CEOs increasingly view AI performance, governance and accountability as defining measures of leadership success.
- UAE CEOs increasingly fear failed AI strategies could trigger leadership exits, investor pressure and lasting reputational consequences by 2026.
- Boards and investors are intensifying demands for measurable AI outcomes while organizations remain cautious over governance and operational risks.
Business
Mubadala, Tubacex operationalise TBX Nexxia platform in Abu Dhabi
Mubadala Investment Company and Tubacex Group have announced the full operational launch of their joint venture in Abu Dhabi, activating...
- The Abu Dhabi facility strengthens regional energy supply chains by localising high-performance tubular manufacturing and reducing dependence on overseas processing centres
- ADNOC anchors the project as cornerstone client, securing long-term CRA tubular supply for critical gas extraction and production operations
Business
2PointZero posts profit surge
Growth driven by merger consolidation.
- Revenue jumps to $2.7 billion as mergers and acquisitions drive expansion across multiple sectors and geographies.
- During the quarter, the company acquired a 60.8% stake in ISEM Packaging Group for $192 million.