News

Flydubai marks 17 years with 137m passengers and 140-destination network

Flydubai has reached a significant milestone since launching in June 2009, having transported more than 137 million passengers and grown its route network to over 140 destinations across 58 countries.

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News

Amman Stock Exchange and Abu Dhabi Securities Exchange go live on Tabadul platform

Jordan's capital market institutions and Abu Dhabi Securities Exchange have officially activated an electronic link between the two bourses via the Tabadul cross-market trading platform.

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News

Binance launches regulated AED crypto on-ramp in UAE via ADCB integration

Binance has introduced a fully regulated UAE dirham on- and off-ramp solution, integrating directly with Abu Dhabi Commercial Bank to allow users to move funds between traditional banking and digital assets.

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News Startup

UAE autonomous delivery firm CargoX raises USD 250m to scale logistics network

CargoX, the UAE-based autonomous delivery platform, has closed a USD 250 million funding round led by alternative investment firm BlueFive Capital.

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News

e& sells 12.5% Careem stake to Uber for AED 367m

Emirates Telecommunications Group (e&) has divested a 12.5% stake in Careem Technologies to Uber Technologies in a AED 367 million cash transaction.

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Economy News

UAE GDP reaches AED 1.9tn in 2025 on non-oil momentum

The UAE's economy grew 6.2% year-on-year to AED 1.9 trillion in 2025, driven by a 6.8% expansion in the non-oil sector, which reached AED 1.5 trillion, according to the Federal Competitiveness and Statistics Centre (FCSC).

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News

UAE hotel sector posts strong 2025 growth with 32m guests

The UAE's hospitality sector delivered robust results in 2025, with hotel guest numbers rising 5.1% year-on-year to more than 32 million, according to a work report on the UAE tourism sector reviewed by Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai.

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News

Alec Holdings wins USD 1.7bn contract to build Sphere Abu Dhabi

UAE construction and engineering firm Alec Holdings has secured a USD 1.7 billion contract to design, procure and construct Sphere Abu Dhabi on Yas Island, with the venue targeted for completion in 2029.

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News

Fertiglobe posts near-doubled profit as nitrogen markets tighten

Abu Dhabi-based Fertiglobe, the world's largest seaborne exporter of urea and net ammonia combined, delivered a strong first quarter for 2026, with revenues climbing 32% year-on-year to AED 3.36 billion on the back of elevated urea and ammonia pricing.

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News

Aramco posts 26% profit surge as East-West pipeline hits full capacity

Saudi Aramco delivered a strong first-quarter performance for 2026, reporting adjusted net income of USD 33.6 billion – a 26% year-on-year rise from USD 26.6 billion and a 34% jump on the prior quarter's USD 25.1 billion.

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