Abu Dhabi sees rise in licences for Emirati businesswomen
The Abu Dhabi Registration Authority issued 3,058 new economic licences to Emirati female entrepreneurs and businesswomen between January and June,...
Business
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
Business
EDGE to acquire 100% stake in Brazilian firm AKAER
Dubai, UAE -- UAE defense and advanced technology group EDGE has agreed to acquire a 100 percent stake in Brazilian...
- EDGE said the acquisition would accelerate industrialization timelines for key unmanned aerial vehicle (UAV) programs.
- Founded in 1992 and headquartered in São José dos Campos, AKAER has delivered more than 10 million engineering hours across military and commercial aerospace programs.
Business
Bank of Sharjah profit up 39%
Bank's total assets grow 10% to $14.4 billion.
- Net interest income climbed 45 percent to AED465 million ($126.6 million), supported by growth across the bank's core businesses.
- The lender said its total capital ratio strengthened by 463 basis points to 18.7 percent, while its cost-to-income ratio remained at 29%, reflecting continued cost discipline.
Business
flydubai doubles daily Bangkok flights amid strong demand
Dubai, UAE -- Dubai-based carrier flydubai will introduce a second daily flight to Bangkok from July 18, doubling its daily...
- The carrier said the expanded schedule would provide passengers with greater flexibility and strengthen Dubai's position as a global aviation hub.
- The airline has also recently launched services to Benghazi in Libya and plans to begin flights to Aleppo in Syria on July 20 and Pokhara in Nepal on Sept. 23.
Business
OpenAI loses appeal against EU refusal to register its name as trademark
Dubai, UAE -- OpenAI, the owner of the ChatGPT chatbot, lost Wednesday its appeal against the EU's refusal to register...
- The US firm had sought to overturn a decision by the European Union Intellectual Property Office (EUIPO) that accepted protecting OpenAI's logo but not the name.
- EUIPO had ruled that the combination of the two common words in English, "open" and "AI", could describe many business activities in the area of artificial intelligence.
Business
Youth account for over 30 percent of EWEC workforce, utility says
Dubai, UAE -- Abu Dhabi's Emirates Water and Electricity Company (EWEC) said young professionals now make up more than 30...
- Utility expands graduate, AI and leadership training to build skills for UAE's energy transition.
- EWEC said its two-year graduate development programme includes departmental rotations, technical training and mentoring.
Business
Sharjah real estate transactions rise 9.3 percent to AED29.5 billion in H1
Dubai, UAE -- Sharjah's real estate transactions rose 9.3 percent year on year to about AED29.5 billion ($8.03 billion) in...
- The Sharjah Real Estate Registration Department said it completed 59,460 transactions during the six-month period, up 23.7 percent from a year earlier.
- Sales transactions totalled 16,426 across 202 areas, covering 85 million square feet, a 4.7 percent increase from the first half of 2025.
Business
DIB H1 net profit $1bn
Gross revenue increased 10% year on year
- Net financing assets grew 7 percent since the start of the year to AED281 billion after the bank extended AED43 billion in new financing during the period.
- Customer deposits rose 2 percent to AED327 billion, while total assets increased to AED423 billion.
Business
Major book publishers sue Google over use of copyrighted books to train AI models
Several major book publishers and authors have sued Google, alleging the technology company illegally copied millions of copyrighted books to...
- The proposed class-action lawsuit was filed on Tuesday in a New York court by Hachette Book Group, Cengage Learning, Elsevier, author Scott Turow and his publishing company, S.C.R.
- The lawsuit also alleged that Gemini can tailor its outputs to imitate the expressive style and creative choices of specific authors.
Business
Ajman real estate transactions reach $2.94 billion in first half
Dubai, UAE -- Real estate transactions in Ajman totalled more than 10.8 billion dirhams ($2.94 billion) in the first half...
- The department recorded 6,815 real estate transactions during the January-June period, according to the Ajman Real Estate Index.
- Trading transactions accounted for 5,435 deals worth 7.64 billion dirhams, while 969 mortgage transactions totalled more than 1.88 billion dirhams.
Business
Turkey’s exports to EU rise 4.7 percent to $55 billion in first half
Dubai, UAE -- Turkey's exports to the European Union rose 4.7 percent in the first half of 2026 to $55...
- EU-bound shipments accounted for a significant share of Turkey's total exports, which increased 3.6 percent year-on-year to $136 billion during the January-June period.
- Germany remained Turkey's largest export destination, receiving goods worth $10.1 billion, followed by Italy at $6.8 billion and Spain at $5.6 billion.
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
Abu Dhabi sees rise in licences for Emirati businesswomen
The Abu Dhabi Registration Authority issued 3,058 new economic licences to Emirati female entrepreneurs and businesswomen between January and June,...
Business
Company News
Tabreed H1 revenue $308m
Business
Latest News
ADNOC L&S to expand fleet
Business
Empower profit climbs 16%
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...
Business
World Governments Summit, WTTC launch tourism partnership
The World Governments Summit Organisation and the World Travel & Tourism Council have launched a strategic partnership to advance global...
Business
Cyber resilience is more than recovering from an attack
The question is no longer if an organization will experience a cyber incident. It is how well it will respond...
Opinion
Most Read
Business
Emaar Properties posts 23 percent rise in H1 net profit to $3.5 billion
Founder Mohamed Alabbar said the results reflected Emaar's disciplined approach and Dubai's continued economic expansion, adding that the company would...
- Property sales reached AED26.6 billion as revenue backlog climbed 13 percent, providing strong visibility for future earnings recognition, the company said.
- Developer unveiled AED200 billion masterplan while expanding residential portfolio with 11 launches across Dubai and boosting international operations.
Business
Empower profit climbs 16%
Dubai district cooling demand lifts earnings
- First-half revenue rose 4.5 percent as EBITDA increased 7.5 percent, supported by growing district cooling demand across Dubai developments.
- Empower added 61 contracts, lifting contracted capacity above two million refrigeration tonnes as connected buildings increased to 1,796.
Business
Burjeel profit nearly doubles
Healthcare demand drives stronger earnings.
- First-half revenue rose 4.4 percent to $761 million while adjusted net profit nearly doubled on stronger healthcare demand.
- Burjeel completed $500 million sukuk issuance, refinancing debt while maintaining stable leverage and strengthening liquidity for future growth.