News

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.

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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.

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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.

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Arada acquires controlling stake in Reem Hospital

Arada has acquired an 80%+ stake in Reem Hospital as part of its AED 2 billion healthcare expansion strategy.

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IHC Q1 profit nearly doubles to AED 8.8bn

International Holding Company reported Q1 2026 net profit of AED 8.8 billion, up 98% year-on-year, driven by stronger revenues and margin expansion across its diversified portfolio.

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ADX adds Morgan Stanley as first remote trading bank

Abu Dhabi Securities Exchange has appointed Morgan Stanley as its first international investment bank Remote Trading Member.

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Vista logs record growth as UAE private aviation demand climbs

Vista reported record 2025 performance, delivering more than 210,000 flight hours globally as demand for structured private aviation services accelerated.

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Ta’ziz signs AED 104.6bn chemicals supply agreements

Ta'ziz has signed AED 104.6bn in global offtake and feedstock agreements to expand chemicals production and strengthen UAE industrial supply chains.

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Abu Dhabi launches new defence industrial free zone

Tawazun Council and AD Ports Group will develop Al Selmiyyah Defence Industrial Free Zone to strengthen the UAE’s defence manufacturing base and attract global OEMs.

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