Iranian ballistic missiles target US base in Qatar, the largest in Middle East
No casualties reported in the attack that came a day after the US attacked three key nuclear facilities in Iran. Saudi Arabia and UAE have condemned Qatar strikes, which led to a more than 6 percent fall in oil prices.
Emaar to pay $2.39bn dividend
The company had posted $19bn in property sales for 2024.ADNOC L&S okays $273m dividend
The final dividend of $136.5m will be paid on April 3.ADNOC Gas to pay $3.41bn dividend
It includes $1.7 billion scheduled for distribution in Q2 2025.Al Ansari approves $85m dividend
This is approx 78% of the company's net profit after tax.DEWA okays $843m in H2 2024 dividend
DEWA had posted a net profit after tax of $1.96 billion for the full year 2024.ADNOC Drilling approves $788m dividend
The final cash dividend of $394m for 2024 was approved at the AGM.Borouge proposes share buyback
The company had posted a 24% YoY increase in net profit to $1.24bn.Iran says response to Trump’s letter under ‘assessment’
Iran will conduct a "thorough assessment" before responding to US President Donald Trump's letter urging nuclear talks and warning of possible military action if Tehran refuses, the foreign ministry said Thursday. "The letter was received last night and is currently being reviewed," ministry spokesman Esmaeil Baqaei told the official IRNA...How do GCC-Arab leaders look at the region’s future?
The bigger your vision, the bigger your achievement will be. Will you stumble on the way? Perhaps, but we cannot let fear keep us small, says Sheikh Mohammed bin Rashid Al Maktoum, ruler of Dubai.From healthcare to finance: How AI is reshaping global industries and GCC economies
A study by the World Economic Forum reveals that AI could replace around 85 million jobs by 2025AI to become the new internet: Kamel Al-Tawil on MENA’s tech evolution
Historically, the region was a key player in commerce through the Silk Road, and today, it has the potential to become a hub for the digital revolution, says Al-Tawil, Managing Director for MENA at Equinix.GCC is rewriting the narrative on cultural diplomacy
Partnerships with institutions like the Victoria & Albert Museum, Venice Biennale, and Hollywood productions elevate the GCC’s cultural landscape.Smart cities lead GCC’s IoT boom: NEOM and Smart Dubai in focus
IoT applications are transforming critical sectors such as transportation, where connected vehicles improve traffic management, utilities where smart grids enhance energy efficiency, and healthcare, where remote monitoring optimizes patient care.The Transformative Power of Travel
The framework for future-proofing tourism revolves around three core pillars: People, Planet, and Purpose. This vision is particularly evident in the GCC, where a people-first transformation is taking place.GCC a key player in global freight and logistics industry, says Trukkin’s Dalmia
The region leverages a strategic major hub, advanced infrastructure, and economic diversification to fuel logistics demand, says Janardan Dalmia, Founder and CEO at Trukkin, a leading UAE-based logistics firm.Logistics: At the heart of economic activity
The global logistics market is expected to be around US$10 trillion in 2024, and is estimated to reach US$21.91 trillion by 2033, registering a healthy CAGR growth of 9.35 percent from 2024 until 2033.The future of luxury residential development needs to be green and smart
The GCC luxury market segment has experienced significant growth, driven by an increase in the number of high-net-worth individuals. Accommodating them requires new thinking. Michael Belton, CEO of MERED, explains.UAE’s real GDP increases by 3.8% during first nine months of 2024
Dubai, UAE -- The UAE’s real GDP increased by 3.8 percent during the first nine months of 2024 compared to the same period in 2023, reaching AED 1.322 trillion. This growth was driven by a strong expansion in non-oil sectors, which grew by 4.5 percent to AED 987 billion, reflecting...New-Age Growth Comes Home to the GCC
The region, fueled by ambition and massive investment, is rapidly advancing in technology and infrastructure, aiming to secure a leading role in the 4IR.Salik 2024 net profit before taxes $348m
The toll operator's revenue increased by 6% to $626 million.Future of Humanity – TRENDS’ yearly Special Issue now online
Dubai, UAE -- TRENDS’ yearly Special Issue is out. This year’s edition, titled Future of Humanity, explores key global shifts and brings together expert insights on old and new forces shaping our world. The edition delves into transformative themes such as GCC’s leadership in urbanization, smart cities, and logistics, as...Abu Dhabi real estate transactions reach $4.69bn in Jan, Feb 2025
Abu Dhabi, UAE -- Real estate transactions in Abu Dhabi reached AED17.24 billion ($4.69 billion) in the first two months of 2025, with over 5,000 transactions, reflecting the sector's strong activity. According to the "DARI" platform of the Department of Municipalities and Transport in Abu Dhabi, real estate sales transactions...ADNIC okays 45% dividend for 2024
The company achieved its highest ever revenue and net profit.$2.65bn in contracts signed during first two days of IDEX and NAVDEX 2025
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...AD Ports Group 2024 net profit $484m
The Group's revenue increased 48 percent year-on-year.Saudi Arabia to host Arab summit on Trump’s Gaza plan, Egypt, Jordan, Qatar and the UAE to attend
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.ADNOC L&S 2024 net profit $756m
The company's revenue increased by 29 percent to $3.54 billion.UAE to launch DeepSeek-inspired AI models: Faisal Al Bannai
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...ADNOC Distribution 2024 net profit down 7%
Minus UAE corporate tax, it would have grown by 2.4% to $725mUAE announces top-up tax for multinational enterprises
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...UAE, France discuss bilateral ties, sign AI cooperation deal
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...UAE non-oil foreign trade up by 14.6% in 2024 to reach $816bn
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,...DAE net profit up 36.2%
Revenues grew by 9 percent to $1.42bn from $1.31bn in 2023.Dubai airport clocks record 92.3 million passengers
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 records $2.88 billion in real estate transactions in January
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...Alpha Dhabi acquires interest in NCTH
The deal increases NCTH's portfolio to 8 hotels with 1,500 keys.‘Middle East is a promising area with a lot of initiatives going on in the UAE, Saudi Arabia’
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’s real estate sector records $207 billion in transactions in 2024
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...UAE most attractive Arab destination for auto investment, business
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...SIB’s 2024 profit $272m
The profit surpassed AED 1 billion for the first time in bank's history.UAE leads solar energy growth with strategic projects
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...Masdar targets 100 GW of clean energy by 2030
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...UAE’s satellite, developed by Emirati engineers, launched from California to aid disaster relief and earth observation
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.Fifth Aramco facility receives WEF Global Lighthouse Network tag
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...Creators HQ, X announce strategic partnership to produce authentic, meaningful content
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...Latifa bint Mohammed awards UK’s Simon Squibb with ‘One Billion Award’ at 1 Billion Followers Summit
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...UAE’s tech industry set to achieve record growth in 2025
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...UAE discusses temporary Gaza governance with US, Israel, seeks two-state solution assurance: report
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.UAE aviation sector’s 2024 milestone: 1 million air traffic movements
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 ranks among world’s top 10 cities in Global Power City Index for second consecutive year
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...