Aramco posts 26% profit surge as East-West pipeline hits full capacity
Saudi Aramco delivered a strong first-quarter performance for 2026, reporting adjusted net income of USD 33.6 billion – a 26% year-on-year rise from
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Economy
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UAE secures AED 171bn in deals at Make It In The Emirates 2026
The fifth edition of Make it in the Emirates, held at ADNEC Centre Abu Dhabi from May 4–7, drew more than 1,200 exhibitors
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SBWC opens Sharjah hub to empower women-led businesses
The Sharjah Business Women Council (SBWC) has inaugurated a new business hub at Al Mamsha, creating a dedicated space for women entrepreneurs to
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Arada commits AED 2bn to build 800-bed UAE hospital network
UAE master developer Arada is rolling out a four-hospital healthcare network backed by AED 2 billion in total investment, as the company accelerates
Economy
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UAE tourism posts record AED 49.2bn in hotel revenue for 2025
The UAE welcomed more than 32 million hotel guests in 2025, generating Dh49.2 billion in hotel revenues – a 9.7% year-on-year increase –
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Mumtalakat posts 87% profit surge on McLaren and aluminium gains
Bahrain's sovereign wealth fund Mumtalakat recorded an 87% jump in net profit for 2025, with earnings attributable to shareholders rising to BHD 593
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Real Estate
Dubai real estate posts AED 21bn week as Q1 surge continues
Dubai's real estate market recorded AED 21 billion in transactions over the past week, according to the Dubai Land Department, extending a sustained
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Real Estate
Aldar sells out Al Ghadeer Gardens at launch for AED 1bn
Aldar has sold out Al Ghadeer Gardens on its launch day, generating more than AED 1 billion in sales from the 437-villa and
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UK and GCC sign long-awaited free trade agreement
The UK and Gulf Cooperation Council (GCC) have finalised a free trade agreement after four years of negotiations, creating a framework intended to
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Core42 raises USD 550m to scale AI infrastructure in US and Europe
UAE-based AI infrastructure firm Core42 has secured USD 550 million through two structured trade finance facilities from HSBC, earmarked for accelerating its AI