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...

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...

With airspace across parts of the Middle East locked down and thousands of flights cancelled or delayed, King Khalid International Airport remains one of the few major hubs still operating.

Total revenue increases by 6% to $3.7bn

Six coffee shops from the Middle East have secured places in The World’s 100 Best Coffee Shops 2026 list, highlighting the region’s growing reputation as a global specialty coffee destination. The second edition of the annual ranking, presented in partnership with DaVinci Gourmet, was announced at CoffeeFest Madrid on February...

Abu Dhabi, UAE -- The UAE Ministry of Finance said on Sunday it had launched its first-ever seven-year tranche of dirham-denominated Islamic Treasury Sukuk worth 550 million dirhams (about $150 million), marking the longest tenor issued under the program to date. The ministry, acting as issuer in collaboration with the...

Drew Propson, Head of Technology and Innovation in Financial Services at the World Economic Forum, explains how sustainable growth, AI innovation, and a strong regulatory and talent infrastructure are reshaping global and MENA startup ecosystems.

Dubai faces substantial supply headwinds that may absorb currency-driven demand without triggering significant price gains. Approximately 45,000-50,000 new residential units are expected in 2025-2026, with vacancy rates elevated in older secondary locations, he adds.

The GCC is competing to build world-class technology hubs, investing heavily in AI, infrastructure, and sovereign capital to drive digital transformation, attract global partners, and position the region as a leading innovation powerhouse.

The synergy between humans and AI agents is driving a ‘Great Redeployment’ where there is a structural shift in how organizations operate and how roles are defined. AI agents are built to solve problems end-to-end, they naturally cut across the functional silos that have long fragmented decision-making and customer experience,...

The GCC has quickly moved from passive capital allocation into active ecosystem building, spurred on by heavy sovereign capital and large infrastructure bets, setting the region apart from Europe and US markets. 

Saudi Arabia and the UAE are leading the gaming surge with world-class ecosystems and youth-driven expansion. Across the region, governments increasingly recognize gaming and esports as key drivers of future economies.

The United Arab Emirates is "investing in chaos and supporting secessionists" from Libya to Yemen and the Horn of Africa, Saudi Arabia's Al-Ekhbariya TV charged in a report this week.

For a region long shaped by sovereign balance sheets and state-owned champions, the Gulf is quietly rewiring its financial plumbing, with governments relaxing ownership rules, rewriting regulators’ mandates.

The announcement comes a few days after Yemeni forces supported by Saudi Arabia recaptured large swathes of territory from the UAE-backed Southern Transitional Council (STC) separatists.

A Saudi-led coalition struck the home province of Yemen's UAE-backed separatist leader on Wednesday, after he failed to show up for talks in Riyadh and was kicked out of the country's presidential body.

At least 152 members of the UAE-backed STC forces were wounded and 130 were taken captive, a military official from the Southern Transitional Council (STC) said.

A surprise STC offensive seizing resource-rich Hadramawt and Mahra has pushed the UAE and Saudi Arabia, officially allies in Yemen, toward unprecedented escalation.

Riyadh also backed a demand from Yemen's presidential council for Emirati forces to withdraw from the country within 24 hours, and urged Abu Dhabi to cut off support for Yemeni groups.

Dakar, Senegal -- Mining company Axis International said Monday it was seeking World Bank arbitration against Guinea for withdrawing its right to operate a major bauxite mine in the West African country. Guinea, which has been run by a junta since a coup in 2021, has cancelled dozens of licences...

A Yemeni military official said around 15,000 Saudi-backed fighters were amassed near the Saudi border -- but were not given orders to advance on separatist-held territory.

Macron is due to meet with UAE President Mohamed bin Zayed Al Nahyan to discuss "strengthening the strategic partnership" between the two countries, according to the French presidency, which stressed their cooperation on security and defense.

From the 1980s onward, the federal government and individual emirates launched broader diversification and liberalization programs to reduce reliance on oil and develop sectors like aluminum, tourism, aviation, re-export trade, and telecommunications, the author adds.

The Middle East and North Africa (MENA) region is rapidly becoming one of the world’s most dynamic retail e-trading markets, according to a new white paper released by global trading platform Capital.com in partnership with advisory firm APCO.

Dubai, UAE - The UAE’s Artificial Intelligence, Digital Economy, and Remote Work Applications Office announced that Google Gemini has ranked first in the “AI in the Ring” Index, the world’s first benchmark designed to evaluate how effectively AI language models reflect Emirati culture, dialects, traditions, and national values through a...

The fresh North American investment pledge came after UAE President Mohamed bin Zayed Al Nahyan promised in May to pump $1.4 trillion into the US economy over 10 years during a visit by President Donald Trump.

Milan, Italy -- Italian defense group Leonardo said Wednesday it had agreed to launch a joint venture next year with the United Arab Emirates' state-owned defense conglomerate EDGE Group. Details of the sectors covered by the joint venture, which would be 51 percent owned by EDGE and 49 percent by...

State-owned flydubai and its long-haul partner airline, Emirates, have been the chief deal-makers at this week's Dubai Airshow, the largest in the Middle East, signposting their expansion plans.

Dubai, UAE -- Emirates, the Middle East's biggest airline, topped up its order of Boeing 777X planes on Monday despite years of delays, delivering a vote of confidence to the US manufacturer at the Dubai Airshow. The order of 65 777-9s, valued at $38 billion including engines, came despite last...

The latest visit of the Canadian PM is a part of his efforts to find new markets for his nation’s products and forge sustainable trade relations outside of North America.

Dubai, United Arab Emirates -- Rory McIlroy was on Sunday crowned the DP World Tour’s Race to Dubai champion for a seventh year, and four seasons in a row, but the world No.2 lost the $10 million Tour Championship to England’s Matt Fitzpatrick in the first playoff hole when he...

Abu Dhabi, UAE -- The United Arab Emirates is not planning to join the international stabilisation force for Gaza because it lacks a clear framework, a senior official said on Monday. "The UAE does not yet see a clear framework for the stability force, and under such circumstances will probably...

Dubai, United Arab Emirates - AD Ports Group of the United Arab Emirates (UAE) signed a $22 million agreement Thursday for a stake in the container terminal at Syria's port in Latakia -- as Damascus seeks investments to boost its war-ravaged economy. Abu Dhabi-based firm inked the deal with French...

The project in the Alam al-Roum area, in Egypt's Matrouh Governorate, will span "4,900 acres... extending across a coastline of 7.2 kilometres of the pristine Mediterranean shoreline", a statement from the Qatari Diar company said.

Dubai, United Arab Emirates -- US software firm Palantir launched a joint venture with the Dubai government's investment arm on Tuesday, as the United Arab Emirates continues its push into AI. The joint venture, named Aither, was unveiled a day after Microsoft announced $15.2 billion in AI and cloud computing...

In the post-digital world, Bahrain’s center of activity, the city of Manama, has stiff yet healthy competition from the GCC financial centers such as Dubai, Riyadh and Doha. However, one must acknowledge that when it comes to reforms and financial services Bahrain has been the pioneer in the region, the...

The deal sent US chip-maker Nvidia shares up 2.6 percent, buoyed by hopes the AI juggernaut could see access for its most advanced chips expand to more markets.

The company, launched in May, is bankrolled by Saudi's powerful Public Investment Fund, which has played a key role in financing the kingdom's gigaprojects - major developments aimed at boosting and diversifying its oil-reliant economy.

With volatile geopolitics and the resulting uncertainty, the year 2025 has been challenging for most of the countries across the world. The tariff winds emerging from Washington D.C. have shaken economies in all directions, but Oman managed to get the basic 10 percent tariff despite the 2009 US-Oman Free Trade...

DUBAI, UAE – A powerful confluence of more than 500 experts and 150 cybersecurity leaders has converged in Dubai for the World Economic Forum's inaugural joint session of the Annual Meetings of the Global Future Councils and Cybersecurity. The crucial, three-day summit, running from October 14 to 16, 2025, is...

Doha, Qatar -- The United Arab Emirates moved to within a match of their second World Cup appearance with a comeback 2-1 victory against Oman in Doha on Saturday. The Emiratis, who last appeared at a World Cup in 1990, were made to work for their win, when late goals...