Business

DP World Delivers Three New Cranes as Part of US$800 Million Tartous Port Upgrade

News Editor 18/08/2026

Photo Credit : WAM DP World has delivered three Mobile Harbour Cranes to the Port of Tartous, marking a major step in its US$800 million programme to modernise the Syrian port and support the country’s economic recovery. The new cranes are expected to increase the port’s cargo-handling capacity

Business UAE

DAE posts $229.9m H1 pre-tax profit as revenue and liquidity strengthen

News Editor 30/07/2026

Photo Credit: WAM Dubai Aerospace Enterprise (DAE) reported solid financial results for the first half of 2026, with higher revenue, improved profitability and stronger liquidity, while advancing major strategic investments to expand its global aircraft leasing business. The company posted revenue of $865.9 million for the six months ended June 30, 2026, up from $843.6

Business Markets

Dubai Investments Takes Full Ownership of Clemenceau Medical Centre Dubai

News Editor 29/07/2026

Photo Credit : WAM Dubai Investments has increased its ownership of Clemenceau Medical Centre Dubai to 100 percent after completing the acquisition of the remaining 80 percent stake in the healthcare facility. The transaction was carried out through Dubai Investments Industries, a wholly owned subsidiary of Dubai Investments. CMC Dubai, in which the group previously […]

Business

Dubai Unveils 2026-27 Promotional Roadmap, Electronics Festival Planned for 2027

News Editor 28/07/2026

Photo Credit : WAM Dubai’s Department of Economy and Tourism has outlined an expanded promotional roadmap for 2026 and 2027, bringing together retail, tourism, hospitality and entertainment initiatives to support year-round economic growth. The roadmap was presented during the Dubai Promotions Impact forum, hosted by the Indian Business and Professional Council Dubai on

Business Economy UAE

DP World to develop two new Fujairah terminals under 50-year agreement

News Editor 22/07/2026

Photo Crdit : WAM DP World has signed a 50-year concession agreement with the Fujairah Ports Authority to develop two new multipurpose port terminals, a major project set to expand the UAE’s maritime and logistics capacity while reinforcing Fujairah’s role as a global trade gateway. The agreement was signed in the presence of H.H. Sheikh […]

Business

Strata, Embraer sign pact to explore aerospace manufacturing opportunities

News Editor 22/07/2026

Photo Credit : WAM Strata Manufacturing PJSC, a wholly owned subsidiary of Mubadala Investment Company, has signed a Memorandum of Agreement (MoA) with Brazilian aerospace manufacturer Embraer to explore new opportunities in advanced aerospace manufacturing, strengthening ties between the UAE and one of the world’s leading aircraft makers. The agreement was signed

Business

Al Etihad Payments, Mastercard launch world’s first Jaywan-Mastercard co-badged credit card

News Editor 21/07/2026

Photo Credit : WAM Al Etihad Payments (AEP), a wholly owned subsidiary of the Central Bank of the UAE (CBUAE), has partnered with Mastercard to launch the world’s first Jaywan-Mastercard co-badged credit card, marking a major step in strengthening the UAE’s digital payments ecosystem. The strategic collaboration will also see the development of advanced payment

Business

UUDS AERO Expands Operations at Dubai South’s Aerospace Hub

News Editor 08/07/2026

Photo Credit : WAM Mohammed Bin Rashid Aerospace Hub (MBRAH), the aerospace platform within Dubai South, has announced a major expansion by UUDS AERO, which has grown its operational footprint to more than 180,000 square metres across multiple facilities since launching its first operation at the hub in 2022. The expansion reflects UUDS AERO’s growing […]

Business Economy

Abu Dhabi launches maritime business guide to strengthen global investment appeal

News Editor 03/07/2026

Photo Credit : WAM Abu Dhabi Maritime has unveiled a new business guide aimed at boosting the emirate’s position as a global maritime hub and attracting international investors, according to Captain Saif Al Mheiri. Speaking to the Emirates News Agency, Al Mheiri said the newly launched Abu Dhabi’s Compass for Maritime Businesses: Your Gateway to […]

Business

UAE Ministry of Finance marks debut listing of Sovereign Retail T-Sukuk on Nasdaq Dubai

News Editor 02/07/2026

Photo Credit : WAM The UAE Ministry of Finance has celebrated the official listing of the country’s first-ever Sovereign Retail T-Sukuk Programme on Nasdaq Dubai, marking a major step in expanding access to government-backed investment opportunities for retail investors. The milestone was marked by an opening bell ceremony led by Mohamed bin Hadi Al Hussaini […]

Business Economy

EGA makes fast progress on Al Taweelah restart after March attack disruption

News Editor 02/07/2026

Photo Credit : WAM Emirates Global Aluminium (EGA) has announced significant early progress in restoring operations at its Al Taweelah facility, with key milestones achieved ahead of schedule following major damage caused by the March 28 attacks targeting the Khalifa Economic Zone Abu Dhabi. The incident forced an emergency shutdown of the Al Taweelah complex, […]

Business Events

Sharjah launches Summer Promotions 2026 with 75% discounts and 700 prizes

News Editor 01/07/2026

Photo Credit : WAM Sharjah Chamber of Commerce and Industry and Sharjah Commerce and Tourism Development Authority will officially launch the 2026 edition of Sharjah Summer Promotions on July 1, rolling out one of the emirate’s biggest retail and tourism campaigns of the year. Running until September 15, the annual initiative will bring together shopping […]

Business

Dubai Founders HQ and Antler launch Entrepreneur Academy to support next wave of startups

News Editor 01/07/2026

Photo Credit : WAM Dubai Founders HQ has joined forces with Antler to launch a new Entrepreneur Academy, a six-week programme aimed at helping aspiring founders turn business ideas into reality. The initiative is designed for individuals with strong entrepreneurial ambitions but limited experience in launching a company. Through a mix of online and in-person […]

Business Logistics

Sharjah-Oman cargo corridor slashes transit time to 35 days, boosts Gulf trade

News Editor 23/06/2026

Photo Credit : AFP Sharjah has unveiled a new integrated logistics corridor with Oman, cutting cargo transit times from nearly three months to just 35 days and offering toll-free access for approved trucks entering the emirate through designated border routes. The move is expected to strengthen supply chains across the Gulf, reduce operational costs, and […]

Business Logistics

AD Ports Group launches new logistics link between UAE and Iraq

News Editor 19/06/2026

Photo Credit : WAM AD Ports Group has launched a new integrated logistics service connecting Khalifa Port with Umm Qasr Port, marking another step in strengthening regional trade routes and supply chain connectivity. The new service introduces a direct weekly shipping route designed to handle increasing volumes of container and Ro-Ro cargo between the two […]

Business

Sharjah Islamic Bank, University of Sharjah Partner to Boost Financial Literacy and Talent Development

News Editor 04/06/2026

Photo Credit : WAM Sharjah Islamic Bank and the University of Sharjah have signed a Memorandum of Understanding (MoU) to strengthen cooperation in financial literacy, student development, practical training and talent acquisition, reinforcing efforts to prepare graduates for the evolving demands of the workforce. The agreement establishes a framework for collaboration

Banking Business

FAB Partners with Water.org and WaterEquity to Expand Global Water Access

News Editor 04/06/2026

Photo Credit : WAM Ahead of World Environment Day, First Abu Dhabi Bank (FAB) has announced a strategic partnership with Water.org and its affiliated impact investment manager, WaterEquity, to support greater access to safe water and sanitation in emerging markets. As part of the collaboration, FAB has invested in the WaterEquity Everspring Fund, an open-ended […]

Business

AD Ports Group Expands into Latin America with AED 3.1 Billion Acquisition of Brazil’s CLI

News Editor 02/06/2026

Photo Credit : WAM AD Ports Group has announced its largest acquisition to date, agreeing to purchase Brazil-based Corredor Logística e Infraestrutura (CLI), the country’s leading independent agri-bulk port terminal operator, in a deal valued at AED 3.1 billion (USD 835 million). The acquisition marks AD Ports Group’s entry into the South American market and […]

Business Economy UAE

UAE Launches ‘Naseej’ to Drive Textile Sector Towards Circular Economy

News Editor 01/06/2026

Photo Credit : X / UAEmediaoffice The UAE has launched Naseej, a national initiative aimed at transforming the country’s textile sector into a circular economy model, under the directives of President His Highness Sheikh Mohamed bin Zayed Al Nahyan. The initiative seeks to reduce textile waste and move the industry away from the traditional “take, […]

Business

MBRAH launches new industrial and maintenance complex at Dubai South

News Editor 14/05/2026

Photo Credit: WAM Mohammed Bin Rashid Aerospace Hub has announced the launch of its new Light Industrial and Maintenance Complex, a major development aimed at supporting the growing demands of the aviation and aerospace sectors in Dubai. The new facility, located within Dubai South, will cover 24,900 square metres and feature 33 purpose-built units designed […]