PIF-backed SURJ launches venue venture radia with Live Nation, OVG
Dubai, UAE -- SURJ Sports Investment Co, owned by Saudi Arabia's Public Investment Fund (PIF), has launched a joint venture...
Business
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.
Business
Mashreq Q1 profit rises
Total revenue increased 10% year-on-year.
- Mashreq posted first-quarter net profit growth as revenue, lending and deposits expanded strongly year-on-year.
- Non-interest income rose sharply, highlighting diversification as regional geopolitical uncertainty weighed on operating conditions.
Business
TECOM profit climbs
High occupancy across assets boosts earnings.
- TECOM lifted recurring profit as occupancy, rental rates and cost discipline strengthened margins.
- Commercial and industrial portfolios remained nearly full, supporting resilient cash flow and customer retention.
Business
Emirates Stallions Q1 revenue up 11%
The rise helped by strong demand in real estate
- Rotana Residences sold out before launch, underscoring strong demand for branded Abu Dhabi housing.
- Operating profit before tax jumped 32% to 79 million dirhams, reflecting efficiency gains across the group's core businesses.
Business
Firms lag as AI-driven fraud surges: Study
The report, published by the Association of Certified Fraud Examiners and analytics firm SAS, highlights widening gaps between rapidly evolving...
- Among the fastest-growing threats is deepfake-enabled social engineering.
- The United Arab Emirates and Saudi Arabia have the potential to take a leading role in next-generation fraud prevention.
Business
UAE real estate posts record Q1 growth on strong investor demand
In Dubai, the Dubai Land Department reported 718,160 real estate transactions, including 60,303 disposals, up 6% from a year earlier....
- Abu Dhabi recorded its highest quarterly performance on record with transaction values surging 160.7% to about $18.0 billion (AED66 billion).
- In Sharjah, real estate trading volume climbed 40.7% year-on-year to approximately $5.0 billion (AED18.5 billion).
Business
UAE foodservice sector set for continued growth through 2030: Deloitte preview
The UAE’s foodservice sector continued to grow in 2025 and is expected to expand further through 2030, even as the...
- The report said the global foodservice market is projected to reach €2.98 trillion in 2025, marking growth of 2.2% compared with 2024
- The UAE foodservice market, valued at €16 billion in 2025, grew by 1.6% compared with 2024 and is forecast to rise by a further 4.2% through 2030
Business
Sharjah Islamic Bank Q1 profit rises 19.4 percent
Sharjah Islamic Bank (SIB) reported a 19.4 percent rise in first-quarter net profit, supported by higher income from Islamic financing...
- Income from Islamic financing and sukuk rose 14.4 percent, supporting operating income growth and profitability levels.
- Customer deposits increased 10.3 percent, improving financing-to-deposit ratio while maintaining stable liquidity and asset quality metrics.
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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
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Dubai SME programme awards record $485 million in contracts in 2025
Dubai, UAE -- Dubai's Emirati Supplier Programme facilitated a record AED1.78 billion ($485 million) in contracts for Emirati-owned small and medium-sized...
Business
Qatar’s foreign investment jumps 52% as 2025 projects reach record levels
Qatar attracted $3.4 billion in foreign direct investment across 373 projects in 2025, a 52% increase in new investments from...
Business
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...
Analysis
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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.
Business
OpenAI limits release of new model after US government request
Dubai, UAE -- ChatGPT developer OpenAI is restricting access to its latest artificial intelligence (AI) model at the request of...
- OpenAI launched a limited preview of its GPT-5.6 models after a request from the US government before wider release.
- The preview includes Sol, Terra and Luna models, initially available only to a small group of trusted partners.
Business
Sharjah Chamber registers 30,000 memberships in H1
Dubai, UAE -- The Sharjah Chamber of Commerce and Industry (SCCI) reported an impressive surge in registered memberships in the...
- Saudi Arabia ranked as Sharjah’s largest export destination, with the total export and re-export values surpassing AED1.5 billion, followed by Kuwait, Iraq, Qatar, and Ethiopia.
- SCCI reported 26,100 membership renewals across industrial, commercial, and professional sectors and 900 free zone memberships (new and renewed