DEWA posts record Q1 revenue as profit surges 90%
Dubai Electricity and Water Authority (DEWA) posted its highest-ever quarterly revenue in the first three months of 2026, with income rising 8% year on year to AED 8.2 billion.
News
News
Crypto.com becomes first crypto firm to win UAE Central Bank SVF license
Crypto.com has secured a Stored Value Facilities (SVF) license from the Central Bank of the UAE (CBUAE), becoming the first virtual asset service provider in the country to receive the approval.
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ADNOC Gas posts USD 1.1bn Q1 profit
ADNOC Gas plc reported net income of USD 1.1 billion for Q1 2026, demonstrating financial resilience despite significant operational headwinds.
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QIA deepens strategic ties with General Atlantic in USD 500m growth equity push
The Qatar Investment Authority (QIA) has announced a significant expansion of its strategic partnership with General Atlantic, anchored by a USD 500 million commitment to the firm's global growth equity strategies.
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Bank of Sharjah Q1 profit rises 30% to AED 151m
Bank of Sharjah reported Q1 2026 net profit of AED 151 million, up 30% year-on-year, while profit before tax increased 28% to AED 166 million.
Opinion
When the world gets nervous, the Gulf gets interesting
There’s a pattern that tends to repeat itself in global finance, and it’s one that experienced investors know well: when the world gets nervous, certain destinations don’t just hold their ground, they grow more compelling. The Gulf region, and the UAE in particular, is one of those places.
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Aramco Q1 profit rises 25%, tops SAR 120.13bn
Saudi Aramco reported Q1 2026 net profit of SAR 120.13 billion (USD 32.04 billion), up 25.6% year-on-year and above analyst estimates of USD 31 billion.
Opinion
Gulf sovereign funds have become the hidden power behind global tech
There’s a decent chance that the last app you opened, the last software your company renewed, or the last AI tool your team demoed is, at least in part, backed by capital from the Gulf. You probably didn’t notice. That’s partly by design, and partly because the story has not yet been told clearly enough.
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ADNOC Distribution signs AED 60m industrial supply deals
ADNOC Distribution signed strategic agreements worth over AED 60 million with Emirates Global Aluminium and Borouge during Make it in the Emirates 2026.
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AD Ports moves 70,000 TEUs through Fujairah corridor
AD Ports Group handled more than 70,000 TEUs through Fujairah Terminals during recent regional disruptions, while processing over 100 cargo vessels daily.