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Oil wealth adds to luxury boom

ADNOC Distribution 2025 dividend $700m

The company had reported EBITDA of $1.17 bn in 2025.

Empower okays $119.1m H2 2025 dividend

The dividend is equivalent to 43.75% of paid-up capital.

Alujain widens 2025 loss

The increase in loss is due to impairment charges, weaker prices.

Masar 2025 net profit $262m

Higher land plot sales boost revenue and operating income.

Tasnee’s 2025 losses deepen

The petrochemicals' company's revenue also fell 17.7 percent.
Luxury car market rides on sustainability

Luxury car market rides on sustainability

GCC luxury car market thrives amidst economic challenges, fueled by sustainable models and innovative approaches driving continued growth.

A shift in consumer preferences — with a substantial percentage of sales coming from smaller and midsize vehicles — hasn’t dented the appeal of luxury cars, says Peter White, Sales Director at Audi Middle East.

Recession fails to dent luxury car sector

Recession fails to dent luxury car sector

Dr Manfred Bräunl from Porsche discusses the evolution of automotive industry, including luxury segment

Amid rapid tech growth and rising environmental concerns, understanding the current automotive industry trends, especially in luxury, is vital, says Dr Manfred Bräunl of Porsche.

Luxury car market navigates challenges

Luxury car market navigates challenges

Developing the necessary infrastructure is the key challenge in achieving sustainable mobility, says Dr. Hamid Haqparwar of BMW Group Middle East.

In addition to battery electric vehicles, BMW is exploring hydrogen fuel cell technology to harness the potential of clean hydrogen production in the region, adds the managing director of BMW Group Middle East.