News

UAE aviation hits record highs as DXB targets 99.5m passengers in 2026

The United Arab Emirates aviation sector delivered record performance in 2025, with Dubai International Airport (DXB) handling 95.2 million passengers.

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AD Ports posts 19% profit increase on record AED 20.8bn revenue in 2025

AD Ports Group reported a 19% rise in full-year 2025 net profit, as revenue climbed to a record AED 20.8 billion, driven by growth across its ports, maritime, shipping and economic zones businesses.

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IHC to launch Judan Financial with $237bn in assets under management

Abu Dhabi's International Holding Company (IHC) will establish Judan Financial Holding, a new AI-enabled financial services platform overseeing more than Dh870 billion ($237 billion) in assets under management.

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News Real Estate

UAE VR market set to reach AED 1.6bn as real estate drives growth

The United Arab Emirates immersive virtual reality market is projected to grow to AED 1.6 billion by 2030, up from AED 366 million in 2024, as adoption accelerates across sectors led by real estate.

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Saudi Arabia ratifies 785km high-speed rail link between Riyadh and Doha

King Salman bin Abdulaziz Al Saud has ratified the agreement for a 785km electric high-speed railway connecting Riyadh and Doha.

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DEWA raises Empower stake to 80% in premium transaction

Dubai Electricity and Water Authority has increased its ownership in Emirates Central Cooling Systems Corporation (Empower) from 56% to 80%, acquiring a 24% stake from Emirates Power Investment.

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Mubadala Capital and TWG Global to acquire Clear Channel Outdoor in $6.2bn deal

Mubadala Capital and U.S.-based TWG Global have agreed to acquire Clear Channel Outdoor Holdings in an all-cash transaction valued at $6.2 billion.

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Saudi Arabia and Kuwait launch first joint private sector business body

Saudi Arabia and Kuwait have announced the launch of their first jointly established, private sector-led business body, marking a new phase in bilateral economic cooperation and GCC integration.

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KKR opens Abu Dhabi office, reinforcing emirate’s private equity appeal

KKR has opened a new office in Abu Dhabi, underscoring growing confidence among US private equity firms in the emirate’s long-term investment environment.

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Red Sea Global and Bunat VC deepen AI push with Saudi-focused venture fund

Red Sea Global and Bunat Ventures have launched a dedicated artificial intelligence venture fund to support early- and growth-stage AI startups in Saudi Arabia, strengthening the Kingdom’s innovation and digital economy ecosystem.

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