Saudi Aramco's net profit is projected to reach SAR 119.6 billion (USD 31.85 billion) in Q2 2026 – a 40% year-on-year increase – though marginally lower quarter-on-quarter, according to a research note from AlJazira Capital.
Abu Dhabi's ADNOC has approved a USD 6.2 billion final investment decision to develop the offshore Umm Shaif Gas Cap in partnership with France's TotalEnergies, Italy's Eni, and China National Petroleum Corporation.
UAE car-sharing platform Udrive logged more than 45 million kilometres driven and over half a million trips in 2025, as demand for app-based vehicle access continues to broaden across Dubai, Abu Dhabi, Sharjah, and Ajman.
Property has always been the backbone of family wealth in the Gulf region, and for good reason. It’s an asset the next generation can see and touch, unlike a share certificate or a fund statement.
The UAE presented its labour market strategy at the 12th BRICS Labour and Employment Ministers' Meeting, hosted by India in Hyderabad as part of its 2026 BRICS chairmanship.
The UAE's non-oil foreign trade reached AED 1.937 trillion in the first half of 2026, a new historic milestone for the national economy, according to a statement from Dr. Thani bin Ahmed Al Zeyoudi, UAE Minister of Foreign Trade, following the release of H1 trade figures.
Oman's real estate market generated total transaction value of RO 1.18 billion (USD 3.05 billion) in the first five months of 2026, a 5.5% increase from RO 1.11 billion (USD 2.8 billion) recorded over the same period last year, according to data from the National Centre for Statistics and Information.
Dubai's Drydocks World has completed one of the most complex ship recycling projects undertaken in the UAE, dismantling an Aframax vessel for client APT Global Marine and recovering more than 20,000 tonnes of steel, machinery, and other materials for sustainable reuse.
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 of 2026, driven by broad-based balance sheet growth across lending, deposits, and income.
Saudi Arabia's Riyad Bank has established a SAR 10 billion Additional Tier 1 local currency sukuk programme, enabling the lender to issue perpetual Shariah-compliant capital instruments on an ongoing basis to strengthen its capital position, support growth, and manage liquidity.
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