News

Aldar acquires KEZAD logistics assets for AED 650m

Aldar Properties has acquired a logistics portfolio from AD Ports Group for AED 650 million, expanding its industrial footprint in Abu Dhabi.

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News

ADCB Q1 profit hits AED 3.36bn, beats estimates

Abu Dhabi Commercial Bank reported a Q1 FY26 net profit of AED 3.36 billion, exceeding analyst expectations and maintaining its 20% full-year growth

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News

du Q1 profit rises to AED 834m on revenue growth

du reported a 16% increase in Q1 2026 net profit to AED 834 million, supported by steady revenue growth and subscriber expansion.

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News

Emirates NBD profit hits AED 6.4bn on lending growth

Emirates NBD reported a 3% rise in Q1 2026 net profit to AED 6.4 billion, driven by strong lending and deposit growth.

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News

KKR secures backing from UAE climate investor ALTÉRRA

KKR has secured a commitment from ALTÉRRA to expand its Global Climate Transition Strategy, targeting investments across energy, infrastructure and decarbonisation.

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News

Dubai unveils AED 34bn Gold Line metro expansion

Dubai has approved a new AED 34 billion metro line, expanding its rail network by 25% as part of long-term urban growth plans.

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News Real Estate

Aldar–Mubadala JV acquires Masdar City asset for AED 654m

Aldar Properties and Mubadala Investment Company have acquired The Link at Masdar City for AED 654 million, expanding their joint real estate portfolio.

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Economy News

Emirates Development Bank hits AED 1bn monthly financing milestone

Emirates Development Bank has reached AED1 billion in monthly financing approvals, reinforcing its role in driving the UAE’s industrial and economic diversification agenda.

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News

Nakheel awards AED 527m Dubai Islands infrastructure contract

Nakheel has awarded an AED 527 million contract to Al Nasr Contracting Company to develop infrastructure for Island B at Dubai Islands.

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News

Saudi Energy, Acwa sign USD 3.1bn Mecca power expansion deal

ACWA Power and Saudi Energy have signed a power purchase agreement with Saudi Power Procurement Company to expand the Rabigh 2 independent power

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