News

National Bank of Oman posts 14.9% profit surge in H1 2026

The National Bank of Oman (NBO) recorded a 14.9% year-on-year increase in preliminary net profit to USD 101.6 million for the first half

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Riyad Bank establishes SAR 10bn AT1 sukuk programme to bolster capital base

Saudi Arabia's Riyad Bank has established a SAR 10 billion Additional Tier 1 local currency sukuk programme, enabling the lender to issue perpetual

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Alabbar’s Eagle Hills plans USD 20bn development push across Syria

Dubai property developer Mohamed Alabbar is planning housing, tourism, and infrastructure developments in Syria valued at a minimum of USD 20 billion, to

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ADX Tabadul hub welcomes Botswana Stock Exchange as first African member

The Abu Dhabi Securities Exchange (ADX) Group and the Botswana Stock Exchange (BSE) have signed an agreement making the BSE the first African

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News Real Estate

Dubai ready-home transactions surge 46.8% in strongest monthly rise in three years

Dubai's ready-home property transactions jumped 46.8% month-on-month in June 2026 – the strongest single-month rise in three years – according to ValuStrat data.

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News Real Estate

Sharjah real estate transactions hit AED 29.5bn in H1 2026

Sharjah's real estate sector recorded total transaction value of approximately AED 29.5 billion in the first half of 2026, a 9.3% increase on

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Dubai diamond trade hits record AED 153.1bn in 2025

Dubai's diamond trade reached a record AED 153.1 billion in 2025, surpassing the previous peak of AED 150.2 billion set in 2011, according

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Masdar closes AED 22.4bn financing for world’s first gigascale 24/7 renewable energy project

Masdar has reached financial close on an AED 22.4 billion clean energy project in Abu Dhabi that carries a landmark designation as the

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UAE certifies world’s first commercial vertiport as Dubai air taxi network takes shape

The UAE's General Civil Aviation Authority has certified what regulators describe as the world's first purpose-built commercial vertiport for electric vertical take-off and

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ADNOC Logistics & Services orders four next-generation LNG carriers in AED 3.3bn newbuild deal

ADNOC Logistics & Services has placed a newbuilding order for four next-generation liquefied natural gas carriers valued at AED 3.3 billion, with delivery

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