News

DEWA commits AED 10bn to electricity transmission network expansion

Dubai Electricity and Water Authority (DEWA) has invested more than AED 10 billion in electricity transmission infrastructure as it scales capacity to meet rising power demand across the emirate.

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Du posts 12.6% H1 2026 net profit growth

Emirates Integrated Telecommunications Company (du) recorded net profit growth of 12.6% in the first half of 2026, with second-quarter results reinforcing the trend despite softer market conditions linked to regional geopolitical tensions.

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AIP, MGX, and BlackRock’s GIP close USD 40bn acquisition of Aligned Data Centres

The Artificial Intelligence Infrastructure Partnership (AIP), Abu Dhabi-based technology investor MGX, and BlackRock's Global Infrastructure Partners (GIP) have completed the acquisition of 100% of the equity in Aligned Data Centres from private infrastructure funds

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Kuwait raises USD 6bn in three-tranche bond sale

Kuwait raised USD 6 billion through a three-part US dollar bond sale, attracting combined investor orders of approximately USD 14.75 billion at final terms – a 2.5 times oversubscription that underscores the resilience of international appetite for Kuwaiti sovereign debt.

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UAE construction output forecast at AED 480.36bn by 2029

The UAE's construction sector is transitioning from a period of rapid pipeline expansion into a more mature delivery-focused phase, with output forecast to reach AED 480.36 billion by 2029, according to consultancy Access Consult.

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Aramco Q2 2026 net profit forecast to surge 40% year-on-year

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.

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ADNOC takes USD 6.2bn final investment decision on offshore Umm Shaif Gas Cap

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.

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Udrive clocks 45 Million kilometres in 2025 as UAE car-sharing adoption deepens

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.

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UAE showcases AI-driven labour market model at BRICS Ministers’ Meeting in Hyderabad

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.

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Economy News

UAE non-oil foreign trade hits historic AED 1.937tn in H1 2026

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.

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