The company said revenue grew 20 percent year-on-year to $5.65 billion, while net profit increased 16 percent, supported by strong performance across its ports, economic cities and free zones, and maritime and shipping clusters.

Dubai, UAE -- The UAE’s real estate sector extended its upward trajectory in March, with robust project launches, steady construction activity and record-setting transactions reinforcing its position as a global investment hub.The momentum builds on a strong 2025 performance, when Dubai recorded one of its busiest years on record, with...

The dividend represents 100 percent of its share capital. The company reported record property sales of approximately $19.4 billion in 2025.

Fed Chair Jerome Powell signalled a cautious approach, noting that elevated energy prices and geopolitical tensions could complicate the inflation outlook, even as markets continue to expect potential easing later in the year.

The proposed buyback represents about 0.6% of the company’s total shares. The board of directors has been authorized to take the necessary resolutions to implement the program.

The profit for the year up 32.2% to reach $1.96bn.

Cloud services operated by Amazon Web Services (AWS) in the Gulf region continue to face disruptions more than a week after drone strikes damaged data centre infrastructure, raising concerns about the reliability of critical digital systems in an increasingly volatile geopolitical environment.

Apartments dominated the sales market, accounting for 66% of transactions, reflecting strong developer activity in the segment

Dubai’s innovation ecosystem is entering a new phase, argues Amer Abdulraoof, Head of Dubai Future Solutions – Prototypes for Humanity, with university-led prototypes now being scaled through government and industry partnerships.

Some wealthy Asian investors are considering moving assets out of Dubai following Iranian missile and drone attacks on the city, raising concerns about the Gulf’s reputation as a stable financial hub, according to a report by Reuters.The report said that shortly after the attacks last week, two Indian entrepreneurs based...

ABU DHABI, UAE -- The United Arab Emirates has consolidated its position as one of the world’s leading global and regional hubs in the e-commerce sector, benefiting from an integrated ecosystem that includes advanced logistics infrastructure, rapid digital transformation in government services, and a flexible regulatory environment that supports the...

The escalating conflict involving Iran, Israel and the United States is emerging as a major test for the Gulf’s sovereign wealth funds, which collectively manage around $5 trillion in global assets

Abu Dhabi, UAE — The General Secretariat of the Khalifa Award for Education, one of the institutions of the Zayed Humanitarian Legacy Foundation, announced the launch of the evaluation and judging phase for nominees’ submissions in the 19th cycle for 2026.This phase will be carried out through interviews conducted by...

Abu Dhabi, UAE -- Tawazun Council, UAE's authority responsible for managing acquisitions, procurement, and contracts on behalf of the Ministry of Defense and security agencies, said Tuesday that it had signed five deals worth a total of AED 5.8 billion with local and international companies on the second day of...

The Group's revenue increased 48 percent year-on-year.

Trump sparked a global outcry with his proposal for the United States to "take over" the Gaza Strip and to move more than two million Palestinians out of the war-devastated territory, citing Egypt or Jordan as possible destinations.

The company's revenue increased by 29 percent to $3.54 billion.

Dubai, United Arab Emirates -- The United Arab Emirates is planning to launch new artificial intelligence models inspired by China's DeepSeek, a senior official told AFP, calling the system's disruptive emergence "fantastic news".Faisal Al Bannai, the driving force behind the UAE's Falcon large language model, said DeepSeek's challenge to American tech...

Minus UAE corporate tax, it would have grown by 2.4% to $725m

Abu Dhabi, UAE - The Ministry of Finance has announced the issuance of Cabinet Decision No. 142 of 2024 on the introduction of the Top-up Tax for Multinational Enterprises, providing further details on the UAE Domestic Minimum Top-up Tax (UAE DMTT). This follows the announcement made by the Ministry on...

Paris, UAE - UAE President Sheikh Mohamed bin Zayed Al Nahyan and French President Emmanuel Macron of France explored various aspects of the longstanding and strategic partnership between the two countries and discussed opportunities to expand bilateral cooperation, particularly in the economic, investment, and cultural fields.The two sides also addressed...

Abu Dhabi, UAE -- UAE's non-oil foreign trade increased by a record 14.6 percent in 2024, compared to 2023, reaching AED 3 trillion ($816 billion), according to Dr. Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade.In statements to the Emirates News Agency (WAM), Dr. Al Zeyoudi said,...

Revenues grew by 9 percent to $1.42bn from $1.31bn in 2023.

A record 92.3 million passengers travelled through Dubai's international airport last year, its operator said on Thursday, extending a post-pandemic tear that exemplifies the city's economic boom.

Abu Dhabi, UAE -- Abu Dhabi’s real estate market recorded AED10.6 billion in transactions in January, totaling 2,514 property deals.According to DARI real estate platform of the Department of Municipalities and Transport in Abu Dhabi, sales transactions totaled AED6.5 billion across 1,730 deals.Meanwhile, mortgage transactions from the beginning of the...

The deal increases NCTH's portfolio to 8 hotels with 1,500 keys.

Beyond AI, new technologies will leverage artificial intelligence to drive the next phase of the Fourth Industrial Revolution, Alphaeus Hanson, Chair of Jacksonville Global Shapers tells TRENDS in an interview.

Dubai, UAE -- Dubai’s real estate sector recorded a total of 2.78 million procedures in 2024, the highest in its history, with a combined value of AED 761 billion ($207.19 billion).The record number of procedures, which include both real estate transactions and rental agreements, represent a 17 percent increase compared...

Kuwait -- The UAE has topped the Arab list as the best and most attractive destination for investment and business in auto sales activity for 2024, Arab Investment and Export Credit Guarantee Corporation (Dhaman) has said.The Kuwaiti-based Dhaman organization stated in its fourth sectoral report for 2024 on the automotive...

The profit surpassed AED 1 billion for the first time in bank's history.

Abu Dhabi, UAE - A new report highlighted the UAE's leadership in the regional solar energy sector, driven by initiatives like the Dubai Clean Energy Strategy 2050, targeting 75 percent clean energy by 2050, and Abu Dhabi Vision 2030, aiming for 30 percent renewable energy within five years.The "Solar Outlook...

Abu Dhabi, UAE - Fatima Al Suwaidi, Head of Development & Investment (APAC) at Masdar, has affirmed the company's ambitious goal of achieving 100 gigawatts (GW) of clean energy capacity globally by 2030."This ambitious target underscores Masdar's commitment to accelerating the global transition to clean energy and contributing to climate...

With cutting-edge features like high-resolution imaging and electric jet propulsion, MBZ-SAT will enhance environmental surveillance, disaster management, and infrastructure monitoring, delivering processed images within hours for informed decision-making.

Dhahran, Saudi Arabia -- Aramco's North Ghawar Oil Producing Complex has become the company's fifth facility to be added to the World Economic Forum Global Lighthouse Network, having been recognized for its comprehensive adoption of advanced Fourth Industrial Revolution (4IR) technologies that support its operational and environmental performance.Aramco said in...

Dubai, UAE - Creators HQ in the UAE, the world’s first international hub for the content economy’s creators and entrepreneurs, has announced a strategic partnership with X, the global social media platform to produce exclusive and original content.This groundbreaking collaboration aims to create purposeful, credible and quality global content that...

Dubai, UAE - Sheikha Latifa bint Mohammed bin Rashid Al Maktoum, Chairperson of Dubai Culture and Arts Authority, presented the prestigious ‘One Billion Award’ to content creator Simon Squibb from the UK.The award ceremony was held during the third edition of the 1 Billion Followers Summit, the world’s largest gathering...

Abu Dhabi, UAE - The UAE’s technology industry is set to achieve record growth in 2025, driven by significant expansion in digital innovation and the adoption of cutting-edge technologies. This growth further solidifies the UAE’s stature as a global hub for innovation and an international beacon for tech companies.The UAE...

Discussions led by the UAE include provisional administration, PA leadership overhaul, and Gaza reconstruction, requiring extensive international cooperation and adherence to a two-state solution framework.

Abu Dhabi, UAE -- The United Arab Emirates (UAE) achieved a milestone in the aviation industry as it surpassed 1 million air traffic movements in 2024, said the country's General Civil Aviation Authority (GCAA).On 22nd December 2024, the one-millionth annual air traffic movement was recorded with the arrival of Emirates...

Dubai, UAE - Dubai has been ranked eighth worldwide and first in the Middle East in the Global Power City Index 2024 (GPCI) for the second year in a row.In an annual study released by Japan’s Mori Memorial Foundation, the index highlights Dubai’s role as a leader in innovation, economic...

The country is among the most attractive markets for skilled global professionals and talent, thanks to its competitive advantages, including advanced infrastructure, diverse opportunities, and forward-looking strategies emphasizing digital transformation and sustainability.

Dubai, UAE -- Dubai International Airport (DXB) is on track to welcome 4.3 million guests in the first 15 days of the year, setting the stage for its busiest January yet. Daily traffic is projected to peak on 3rd January, with over 311,000 guests expected.With an average of 287,000 guests...

Dubai’s real estate market has had a record-breaking year, with new milestones being set throughout 2024, culminated in an all-time peak of 180,900 transactions worth AED 522.1 billion (US$145 billion)

Riyadh, Saudi Arabia - Saudi Arabia’s trade balance recorded a 30% monthly growth, achieving a surplus of SAR 20.769 billion ($5.6 billion) in October 2024, according to the Kingdom’s recently released global trade bulletin. This marks an increase of over SAR 4 billion ($1.08 billion) from SAR 15.999 billion ($4.32...

Manufacturers see AI as critical for decarbonization (66%), improving ESG scores, energy monitoring (55%), advancing digital twins (68%), and enabling predictive maintenance (64%), driving sustainability and operational gains.

Dubai, UAE -- Dubai’s real estate market recorded 180,900 transactions worth AED 522.1 ($142.1 billion) in 2024, a market report said.The report by fäm Properties said 2024 saw big leaps of 36 percent and 27 percent respectively on the previous high of 133,100 sales worth AED 411.1 billion in 2023.In...

From AI-powered content creation to automated feedback systems, technology is streamlining operations and improving patient care.

Non-oil sectors' contribution to GDP reaches 75%. Economy minister Abdulla bin Touq Al Marri says the growth reflects the dynamic nature of the country's economy.

The two tranches will be converted into equity at the earliest opportunity.

The move aims to optimize financing costs.