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...
Business
Business
SIB H1 profit up 15.3%
Total operating income rises 20.5 percent.
- Total assets rose 4.7 percent to AED94.5 billion as Islamic financing portfolio expanded and customer deposits continued growing strongly.
- Non-performing financing ratio improved to 3.6 percent while shareholders' equity increased following a AED2.6 billion capital strengthening exercise.
Business
Samsung biggest chip investor
The tech giant invested nearly $59.2bn in 2025.
- Global semiconductor sales exceeded $620 billion in 2024 and are expected to approach $700 billion in 2025.
- East Asia remains the center of global chip manufacturing, with South Korea, Taiwan, Japan and China accounting for much of the world's semiconductor production capacity.
Business
flynas to set up new hub
Five destinations in first phase of operations.
- Initial routes will connect Al-Qassim with Istanbul, Trabzon, Cairo, Abha and Dammam.
- The move makes flynas the first Saudi airline to operate from six hubs across the Kingdom.
Business
AD Ports Group acquires CLI
CLI is Brazilian agri-bulk terminal operator.
- Acquisition gives AD Ports access to Brazil's major grain and sugar export corridors through terminals at Santos and Itaqui.
- CLI handled 17 million tonnes of cargo in 2025, generating AED 654 million revenue and AED 360 million EBITDA.
Economy
Closure of Strait of Hormuz may trigger lasting shift in Gulf trade corridors: report
About $650 billion in trade flows are affected, with global maritime routes facing growing disruption and uncertainty risks.
- GCC countries are redirecting cargo flows through alternative gateways, increasing transit costs and causing longer delivery times
- Saudi Arabia could leverage Red Sea access and East African investments to reduce dependence on vulnerable maritime choke points
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
ADNOC Distribution 2025 dividend $700m
The company had reported EBITDA of $1.17 bn in 2025.
- The company plans to scale its mobility and convenience platform, including EV charging and AI-enabled initiatives.
- ADNOC Distribution said two upcoming dividend payments will total $525 million, subject to board approval.
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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...
Business
Company News
Alpha Dhabi profit jumps 48%
Business
Agthia profit, dividend jump
Business
2PointZero reports strong H1
Business
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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
SIB H1 profit up 15.3%
Total operating income rises 20.5 percent.
- Total assets rose 4.7 percent to AED94.5 billion as Islamic financing portfolio expanded and customer deposits continued growing strongly.
- Non-performing financing ratio improved to 3.6 percent while shareholders' equity increased following a AED2.6 billion capital strengthening exercise.
Business
Samsung biggest chip investor
The tech giant invested nearly $59.2bn in 2025.
- Global semiconductor sales exceeded $620 billion in 2024 and are expected to approach $700 billion in 2025.
- East Asia remains the center of global chip manufacturing, with South Korea, Taiwan, Japan and China accounting for much of the world's semiconductor production capacity.