Dubai, UAE -- UAE defense and advanced technology group EDGE has agreed to acquire a 100 percent stake in Brazilian aerospace and engineering company AKAER, expanding its international engineering footprint and strengthening capabilities in unmanned systems and advanced aerospace technologies. The transaction, which remains subject to customary closing conditions and...
ADNOC completes $316 million sale of ADNOC L&S shares
ABU DHABI – Abu Dhabi National Oil Company (ADNOC) has sold a 3 percent stake in its logistics and shipping subsidiary, ADNOC Logistics & Services (ADNOC L&S), for approximately AED 1.16 billion ($316 million). The placement of 222 million shares to institutional investors was significantly oversubscribed by seven times within...
Ajman records real-estate deals worth $381 million in July
Ajman, UAE -- Real estate transactions valued at AED 1.48 billion ($381 million) were recorded in Ajman in July 2025. Omar bin Omair Al Muhairi, Director-General of the Department of Land and Real Estate Regulation in Ajman, confirmed that the month of July witnessed 220 real estate valuation transactions, with...
UAE Cyber Security Council: Over 12,000 Wi-Fi breaches recorded in UAE since start of year
Abu Dhabi, UAE -- The UAE Cyber Security Council (CSC) has warned of the serious risks posed by using open and untrusted public Wi-Fi networks, revealing that more than 12,000 breaches have been recorded through such networks in the country since the beginning of this year. According to the Council,...
Creators HQ attracts 2,415 active members from 147 countries
Dubai, UAE -- Dubai’s Creator HQ, the first headquarters for content creators in the UAE and the Middle East, has attracted 2,415 members from 147 countries within six months of its launch. The initiative aims to position the UAE as a global hub for the content economy, with a target...
Over 12,000 Wi-Fi breaches recorded in UAE since start of year
Abu Dhabi, UAE -- The UAE Cyber Security Council (CSC) has warned of the serious risks posed by using open and untrusted public Wi-Fi networks, revealing that more than 12,000 breaches have been recorded through such networks in the country since the beginning of this year. According to the Council,...Less tax, more luxury: millionaires flock to Dubai for its zero income tax policy
Rich people are flocking to Dubai in record numbers, drawn to the desert city by its zero income tax policy and easy luxury lifestyle that has become harder to maintain elsewhere.
Big-ticket events boost international tourism and economic growth
Dubai, UAE -- ‘Big-ticket’ events are playing a pivotal role in driving international tourism and accelerating economic growth, according to experts speaking recently at Arabian Travel Market (ATM) 2025. In the GCC alone, the event and exhibition market is expected to reach US$827 million by 2029, growing at a CAGR...
Dubai International Chamber attracts 31 MNCs to Dubai in H1
Dubai, UAE -- Dubai International Chamber, one of the three chambers operating under the umbrella of Dubai Chambers, has announced that it attracted 143 companies to Dubai during H1 2025, representing a 138 percent increase compared to the 60 companies attracted in H1 2024. These included 31 multinational companies (MNCs),...
Abu Dhabi’s AI sector expands 61% in one year: Abu Dhabi Chamber
Abu Dhabi, UAE -- Abu Dhabi’s artificial intelligence (AI) sector witnesses a 61 percent increase between June 2023 and June 2024, according to data published by the Abu Dhabi Chamber, which said the emirate has 673 AI companies. Globally, there are approximately 90,904 AI companies as of 2024, which places...
Hospitality leaders to gather in Dubai for Commercial Strategy Conference
Dubai, UAE -- The region's top hospitality professionals will converge at the Conrad Dubai Hotel on November 25-26, 2025, for the eighth annual Commercial Strategy Conference (CSC) MEA. Organized by the Hospitality Sales and Marketing Association International (HSMAI) Middle East and Africa, the event has been the premier gathering for...
60 percent travelers in UAE trust AI to plan their trips: Report
Dubai, UAE -- Nearly 60 percent of travelers in the UAE trust Artificial Intelligence (AI) to plan every aspect of their trips, compared to 48 percent of travelers in other countries, with this figure predicted to rise as technology becomes more embedded into consumer habits. According to a recent report...IHC H1 net profit $2.94 billion
The company posted 31% increase in revenue.
Alpha Dhabi H1 profit $1.79bn
Adjusted EBITDA rises to $2.36bn.Borouge Q2 net profit $193m
The H1 revenue stood at $2.72 billion.UAE begins pipeline project to ease Gaza water shortage
Jerusalem, Undefined -- The United Arab Emirates has begun construction on a major pipeline to carry desalinated water from Egypt to southern Gaza, according to multiple sources. Technical teams sent by the UAE have started transporting equipment needed for the project, the Emirati state news agency WAM reported on Wednesday....
ADNOC Drilling H1 revenue $2.37bn
The company posted a net profit of $692m.
Dubai International Airport logs record 46 million travelers in first half
Dubai, United Arab Emirates -- Dubai International Airport welcomed a record 46 million passengers in the first half of this year, authorities said on Tuesday, despite disruptions due to the Iran-Israel war The facility marked its busiest first half on record with a 2.3 percent year-on-year growth, Dubai Airports said...Food arrives in Gaza after Israel pauses some fighting
Gaza City, Palestinian Territories -- Truckloads of food reached hungry Gazans on Monday after Israel promised to open secure aid routes, but humanitarian agencies warned vast amounts more were needed to stave off starvation. With Gaza's population of more than two million facing famine and malnutrition, Israel bowed to international...DIFC records 25 percent rise in registered firms in H1 2025
Dubai, UAE -- Dubai International Financial Centre (DIFC), the leading global financial center in the Middle East, Africa and South Asia (MEASA), said Monday that it witnessed a saw a record number of new firms establishing operations in the center in the first half of 2026. The total number of...European Union probes UAE oil giant’s purchase of Germany’s Covestro
Brussels, Belgium -- The European Commission on Monday announced an investigation into the takeover of German chemical firm Covestro by UAE state oil giant ADNOC, citing competition fears. "The commission has preliminary concerns that foreign subsidies granted by the United Arab Emirates could distort the EU internal market," a statement...
Emirates NBD H1 profit $3.40bn
Total income rose by 12 percent in the same period.
ADIB H1 pre-tax profit $1.08bn
Q2 pre-tax net profit increases by 14 percent.Dubai real estate transactions exceed $117.34 billion in first half of 2025
The number of new investors in the market reached 59,075, with investments totaling $42.74 billion, a 22 percent increase in the number of investors and a 40 percent growth in investment value.
UAB net profit up by 50% for H1
Total assets increase by 11 percent.Ajman’s real estate sector deals up 37% in H1 to hit $3.37bn
Ajman, UAE -- The real estate sector in the Emirate of Ajman recorded real estate transactions worth AED 12.4 billion ($3.37 billion), marking a record growth of 37 percent compared to the same period last year. Sheikh Abdulaziz bin Humaid Al Nuaimi, Chairman of the Department of Land and Real...
SIB H1 net profit $189m
The bank's total assets increased by $1.49 billion.
UAE extradites 3 suspects to Belgium over alleged organized crime links
Dubai, United Arab Emirates -- Police in Dubai said three individuals accused of a litany of crimes, including drugs and human trafficking, were extradited to Belgium, authorities said on Sunday. Officials said the three suspects had been wanted in Belgium in connection with cases of "cross-border organized crime". In December,...
UAE, Germany launch joint business council to strengthen economic ties
Berlin, Germany - Dr. Sultan Ahmed Al Jaber, UAE Minister of Industry and Advanced Technology and Special Envoy to the Federal Republic of Germany, and Katrin Eder, German Federal Minister for Economic Affairs and Climate Action, witnessed the official launch of the UAE-Germany Business Council (GUBC) during a high-level ceremony...‘Wadeem’ sold out for $1.49bn
This is the highest Abu Dhabi real-estate release to date.Israel opposition chief discusses Gaza truce with UAE FM
Jerusalem, Undefined -- Israel's opposition leader said Friday he met with the United Arab Emirates foreign minister in Abu Dhabi and discussed efforts for a ceasefire in Gaza. The UAE normalized ties with Israel in 2020 as part of the US-brokered Abraham Accords. Abu Dhabi also has close ties with...
UAE top court upholds life terms for 24 convicted in mass trial
Dubai, United Arab Emirates -- The UAE supreme court has jailed 24 people for life after upholding their convictions for "terrorist" links. "The Criminal Chamber of the Federal Supreme Court ruled (on Thursday) to partially overturn the judgment issued by the State Security Chamber at the Abu Dhabi Federal Court...
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.How travel brands can target high-intent travelers in the MEA region
As tourism booms across the Middle East and Africa, travel brands face fierce competition. Success now means using data-driven, personalized marketing to reach high-intent, mobile-first travelers at every stage—before, during, and after their journeys.MENA Brief | June 18: Oil calms after Trump’s threat rattles markets; UAE-Iran calls, Riyadh Air signs big Rolls-Royce deal
Oil prices steadied Wednesday after Trump’s demand for Iran’s ‘unconditional surrender’ roiled markets and revived supply fears, as regional diplomacy and major Gulf business deals unfolded alongside.MENA Brief – June 16: Netanyahu eyes Gaza breakthrough, Iran rejects talks, Trump at G7, UAE oil giant bids big
Israeli Prime Minister Benjamin Netanyahu says there’s a fresh opening to free hostages held in Gaza, backing a US-mediated proposal for a 60-day ceasefire as Israel continues its unprecedented military exchange with Iran.
MENA brief Jun 13: Prince Salman to skip G7 meet, OpenAI in funds talks with PIF
In the financial sector, Fitch Ratings has projected a notable uptick in mergers and acquisitions within Saudi Arabia’s insurance industry. In Jordan, tourism revenue rose 17.5% in May to $630 million, bringing total earnings for the first five months of 2025 to $3.06 billion.MENA brief Jun 11: Umrah returns, ADGM surges, Abu Dhabi property market up
China has extended visa-free entry for up to 30 days to citizens of Saudi Arabia, Oman, Kuwait, and Bahrain—boosting bilateral tourism and commerce from June 9, 2025, through June 8, 2026.EU removes UAE from ‘high-risk’ money-laundering list, adds Monaco
The European Commission said it added Algeria, Angola, Ivory Coast, Kenya, Laos, Lebanon, Namibia, Nepal and Venezuela, along with Monaco, to the list of countries subject to extra monitoring of their money laundering controls.
MENA Mergers & Acquisitions deal value up 66% in Q1, hits $46 Billion
Dubai, UAE -- The Middle East and North Africa (MENA) region has kicked off 2025 with a record-breaking first quarter in mergers and acquisitions (M&A), as deal value soared to $46 billion—a 66% increase year-on-year (YoY). According to Saudi M&A Consulting, this robust growth reflects rising investor confidence, favorable regulatory...Key MENA trends: M&A surge to five-year high, Saudi port activity rises in May
Qatar's foreign reserves rise 3.6 percent year-on-year despite a dip in bonds and treasury holdings, Iraq releases Australian and Egyptian engineers and other developments.MENA Outlook: Diversification, AI, and economic integration take centre stage
As the region pivots toward a post-oil future, recent developments across the Middle East and North Africa suggest an accelerating shift—driven by policy ambition, digital reform, and investment recalibration.Israel arms exports to UAE, Bahrain, Morocco rise sharply after 2023
Sales to countries considered part of the Abraham Accords -- the United Arab Emirates, Bahrain and Morocco who signed groundbreaking normalization agreements with Israel in 2020 -- appeared to have sharply risen from 3 percent in 2023 to 12 percent.ADNOC expands its STEM Education Programme to empower UAE students in AI
Abu Dhabi, UAE – ADNOC has expanded its Science, Technology, Engineering and Mathematics (STEM) education programme to empower UAE students in artificial intelligence (AI) and advanced technology through an initiative called ‘STEM for Life: Future of AI Schools Challenge’ which held the finals today at the Abu Dhabi Energy Centre....UAE orders all companies to monitor emissions in new climate law
Under the new law, companies are required to report and reduce their emissions of the greenhouse gases that are responsible for global warming. Ghiwa Nakat, executive director of Greenpeace MENA, called it a "progressive move".
Cross-border deals fuel M&A surge in MENA region in Q1 2025
Dubai, UAE -- The Middle East and North Africa (MENA) region has kicked off 2025 with a remarkable surge in mergers and acquisitions (M&A) activity, according to the latest EY MENA M&A Insights 2024 report. The first quarter of the year saw a substantial 31 percent increase in deal volume,...
Real estate transactions in five UAE emirates reach $65 billion in Q1
Abu Dhabi, UAE -- Real estate transactions across five emirates in the UAE surged to over AED 239 billion ($65 billion) in the first quarter of 2025, underpinned by investor confidence, flexible regulations, and expanding project pipelines, official data showed. More than 94,719 sales, purchase, and mortgage deals were recorded...May 2025 Islamic Treasury Sukuk auction attracts bids worth $1.88bn
Abu Dhabi, UAE -- The Ministry of Finance (MoF), in its capacity as the issuer and in collaboration with the Central Bank of the UAE (CBUAE) as the issuing and payment agent, announced the successful completion of the May 2025 auction of UAE Dirham-denominated Islamic Treasury Sukuk (T-Sukuk) amounting to...Etihad Q1 profit $187 million
This is a 30% YoY increase over Q1 2025.Blending AI with a Human Touch: Al Rais Travel Eyes the Future of Tourism
Executive Director Mohamed Al Rais unveils a tech-human hybrid approach to personalize travel experiences — and announces a strategic India office to tap into Dubai’s largest source market.Technology and Short-Term Rentals in Dubai
Dubai’s short-term rental sector is being reshaped by cutting-edge proptech. From AI-driven guest personalization and immersive VR tours to smart home automation and sustainable energy solutions, technology is enhancing guest satisfaction and owner efficiency. With its strong digital infrastructure and appetite for innovation, Dubai is poised to lead the global...
