News

Mumtalakat posts 87% profit surge on McLaren and aluminium gains

Bahrain's sovereign wealth fund Mumtalakat recorded an 87% jump in net profit for 2025, with earnings attributable to shareholders rising to BHD 593 million (USD 1.6 billion) from BHD 317 million the prior year.

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News Real Estate

Dubai real estate posts AED 21bn week as Q1 surge continues

Dubai's real estate market recorded AED 21 billion in transactions over the past week, according to the Dubai Land Department, extending a sustained run of elevated weekly volumes that has seen recent weeks register AED 15.2 billion and AED 14.7 billion respectively.

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News Real Estate

Aldar sells out Al Ghadeer Gardens at launch for AED 1bn

Aldar has sold out Al Ghadeer Gardens on its launch day, generating more than AED 1 billion in sales from the 437-villa and townhouse community positioned along the Abu Dhabi-Dubai border.

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News

UK and GCC sign long-awaited free trade agreement

The UK and Gulf Cooperation Council (GCC) have finalised a free trade agreement after four years of negotiations, creating a framework intended to expand bilateral trade and strengthen investment protections across both blocs.

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News

Core42 raises USD 550m to scale AI infrastructure in US and Europe

UAE-based AI infrastructure firm Core42 has secured USD 550 million through two structured trade finance facilities from HSBC, earmarked for accelerating its AI cloud and compute deployments across the US and Europe.

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Economy News

MGX backs USD 2.1bn AI drug design round

Abu Dhabi's MGX has joined a USD 2.1 billion Series B funding round for Isomorphic Labs, a UK-based AI-driven drug design company.

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Economy News

Sheikh Hamdan approves AED 1.5bn economic incentives package

Dubai has unveiled a second economic incentives package worth AED 1.5bn, approved by Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum.

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News

ADGM revises AML and CTF framework as LPA numbers surge

The Abu Dhabi Global Market has published a comprehensive update to its Anti-Money Laundering and Counter-Terrorist Financing Risk Assessment for Legal Persons and Arrangements (LPAs).

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News

UAE pledges USD 5bn to India in energy and AI push

The UAE has committed USD 5 billion to India's energy and AI sectors following an official visit by President HH Sheikh Mohamed bin Zayed Al Nahyan to New Delhi, where he met Prime Minister Narendra Modi to advance their comprehensive strategic partnership.

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News

Emirates breaks ground on USD 5.1bn MRO mega-complex at Dubai South

Emirates has broken ground on a USD 5.1 billion engineering complex at Dubai South set to become the world's most advanced maintenance, repair and overhaul (MRO) facility.

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