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.
Dubai property developer Mohamed Alabbar is planning housing, tourism, and infrastructure developments in Syria valued at a minimum of USD 20 billion, to be executed through his Abu Dhabi-based firm Eagle Hills – which has close ties to the emirate's ruling family – rather than his more widely known vehicle, Emaar Properties.
The Abu Dhabi Securities Exchange (ADX) Group and the Botswana Stock Exchange (BSE) have signed an agreement making the BSE the first African exchange to join the Tabadul cross-border trading hub, establishing a direct capital markets link between the Middle East and Africa.
Dubai's ready-home property transactions jumped 46.8% month-on-month in June 2026 – the strongest single-month rise in three years – according to ValuStrat data.
Sharjah's real estate sector recorded total transaction value of approximately AED 29.5 billion in the first half of 2026, a 9.3% increase on the same period last year, according to the Sharjah Real Estate Registration Department.
Dubai's diamond trade reached a record AED 153.1 billion in 2025, surpassing the previous peak of AED 150.2 billion set in 2011, according to data from the Dubai Multi Commodities Centre (DMCC) and Dubai Customs.
Masdar has reached financial close on an AED 22.4 billion clean energy project in Abu Dhabi that carries a landmark designation as the world's first gigascale round-the-clock renewable energy facility.
The UAE's General Civil Aviation Authority has certified what regulators describe as the world's first purpose-built commercial vertiport for electric vertical take-off and landing aircraft, marking a landmark step in Dubai's planned air taxi network.
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