Economy

Ras Al Khaimah Draws AED771.5 Million in Investments During H1 2026

News Editor 06/08/2026

Ras Al Khaimah attracted more than AED771.5 million in capital investments during the first half of 2026, strengthening its position as a growing business and investment destination in the UAE. The investments were recorded through 967 newly registered establishments, while 1,399 new investors

Economy

Burjeel Holdings Reports AED2.8 Billion Revenue in First Half of 2026

News Editor 06/08/2026

Photo Credit : WAM Burjeel Holdings reported revenue of AED2.794 billion for the first half of 2026, representing a 4.4 percent increase compared with the same period last year. The healthcare group’s EBITDA, excluding one-off items, increased by 24.6 percent year-on-year to AED517 million. Adjusted net profit nearly doubled, rising 97.4 percent to AED227 million. […]

Economy

ADNEC Group Wins 13 Stevie Awards for Event Innovation and Excellence

News Editor 06/08/2026

Photo Credit : WAM ADNEC Group, a Modon company, has secured 13 awards at the 2026 Middle East and North Africa Stevie Awards, recognising the group’s achievements in event management, visitor engagement and the delivery of major international experiences. The awards were presented to ADNEC Group’s event management and services divisions, Capital Events and Capital […]

Economy UAE

Mubadala Leads $250 Million Series C Funding Round for Moove

News Editor 05/08/2026

Photo Credit : WAM Mubadala Investment Company has led a $250 million Series C funding round for global mobility company Moove, valuing the business at $2.1 billion as it prepares to expand its autonomous vehicle operations worldwide. The investment round was co-led by Woven Capital, Toyota’s growth fund, and Ion Pacific. New investors BlueCrest Capital […]

Economy

DIFC Updates Regulations to Expand Access to Special Purpose Vehicles

News Editor 04/08/2026

Photo Credit : WAM Dubai International Financial Centre (DIFC) has introduced updated Prescribed Company Regulations, expanding access to its Special Purpose Vehicle structure and simplifying the process for businesses and investors. Prescribed Companies, known as PCs, are DIFC’s equivalent of Special Purpose Vehicles. They are commonly used for holding assets, managing

Economy

UAE Ministry of Finance Adds Aani and Jaywan for Federal Payments

News Editor 04/08/2026

Photo Credit : WAM The UAE Ministry of Finance has introduced Aani and Jaywan as new payment channels for federal service fees and fines, becoming the first federal government entity to implement the initiative. The decision follows Cabinet Resolution No. 176M/4M of 2026, which approved the adoption of both national payment systems and outlined the […]

Economy

ADNOC, SLB Roll Out AI Platform Across More Than 120 Drilling Rigs

News Editor 04/08/2026

Photo Credit : WAM ADNOC, in partnership with global energy technology company SLB, has deployed an artificial intelligence-powered Real-Time Operations Centre platform across more than 120 drilling rigs operating at its onshore and offshore assets. The platform, known as RTOC, brings live drilling information into one central environment, allowing engineering, business

Economy UAE

Nasdaq Dubai lists $13.8bn in fixed income instruments in H1 2026

Miguel Hadchity 31/07/2026

Photo Credit: WAM Dubai, UAE — July 2026 — Nasdaq Dubai recorded 33 new fixed income listings worth a combined $13.8 billion in the first half of 2026, with issuers ranging from sovereign entities and multilateral organizations to financial institutions and corporates. According to the Emirates News Agency, UAE-based issuers accounted for 57 percent of […]

Economy

DAE Completes $9 Billion Acquisition of Macquarie AirFinance

News Editor 29/07/2026

Dubai Aerospace Enterprise (DAE) Ltd has completed its acquisition of Macquarie AirFinance Limited and its consolidated subsidiaries, strengthening its position among the world’s largest aircraft leasing companies. The Dubai-based aviation services company confirmed on Wednesday that it had acquired 100 percent of Macquarie AirFinance’s outstanding share capital. The

Economy

ADNOC Distribution Launches Engage Retail Advertising Platform in UAE

News Editor 29/07/2026

Photo Credit: WAM ADNOC Distribution has launched Engage by ADNOC, a retail media network that allows brands to reach customers across the company’s mobility, convenience retail and digital channels. The platform is described as the UAE’s first full-funnel retail media network operated by a mobility and convenience retailer. It combines digital and physical advertising

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 […]

Economy

DP World secures €25m EBRD green loan to electrify Romania’s Constanța container terminal

News Editor 21/07/2026

Photo Credit : WAM DP World has secured a green loan of up to €25 million from the European Bank for Reconstruction and Development (EBRD) to accelerate the electrification of operations at its Constanța South Container Terminal in Romania, marking a major milestone in the company’s global decarbonisation strategy. The financing represents the terminal’s first […]

Economy Real Estate

Sharjah real estate transactions climb 9.3% to AED29.5bn in first half of 2026

News Editor 15/07/2026

Photo Credit : WAM Sharjah’s real estate market continued its strong growth momentum during the first half of 2026, with total property transactions reaching AED29.5 billion, up 9.3 percent compared to the same period last year, highlighting rising investor confidence and sustained market activity across the emirate. According to the Sharjah Real Estate Registration

Economy

Ajman real estate transactions hit AED10.8bn in first half of 2026

News Editor 14/07/2026

Photo Credit : WAM Ajman’s real estate sector continued its strong growth trajectory during the first half of 2026, recording 6,815 property transactions worth more than AED10.8 billion, according to the latest figures released by the Ajman Land and Real Estate Regulation Department through the Ajman Real Estate Index. Engineer Omar bin Omair Al Muhairi, […]

Economy UAE

Dubai SME integrates Hi2 into Dubai Founders HQ to boost Emirati startups

News Editor 13/07/2026

Photo Credit : WAM The Mohammed Bin Rashid Establishment for Small and Medium Enterprises Development (Dubai SME), operating under the Dubai Department of Economy and Tourism (DET), has integrated the Hamdan Innovation Incubator (Hi2) into Dubai Founders HQ, creating a stronger support platform for Emirati entrepreneurs and startups. The move brings Hi2, which has

Economy

Dubai Silicon Oasis to Host Doers Summit Dubai 2026 This November

News Editor 13/07/2026

Photo Credit : WAM Dubai Silicon Oasis (DSO) is set to host the second Middle East edition of Doers Summit Dubai 2026 from 24 to 26 November at Dubai Digital Park, bringing together global entrepreneurs, investors, technology companies and innovation leaders under one roof. Held under the patronage of H.H. Sheikh Ahmed bin Saeed Al […]

Economy

DEWA earns two global governance awards from Cambridge IFA

News Editor 10/07/2026

Photo Credit : WAM Dubai Electricity and Water Authority (DEWA) has strengthened its global reputation for corporate governance and sustainability after receiving two prestigious international honours from Cambridge IFA in the United Kingdom. The utility was recognised with the Best Corporate Governance Framework Award 2026 and the Excellence in ESG and Sustainability

Economy

EGA resumes alumina production at Al Taweelah refinery in Abu Dhabi

News Editor 10/07/2026

Photo Credit : WAM Emirates Global Aluminium (EGA) has restarted alumina production at its Al Taweelah alumina refinery, marking another major step in restoring operations at one of the UAE’s key industrial facilities following disruptions earlier this year. The company said alumina production is expected to increase to around 50 percent of the refinery’s

Economy

Dubai Chamber of Digital Economy promotes emirate’s tech ecosystem at GITEX AI Europe 2026

News Editor 07/07/2026

Photo Credit : WAM Dubai Chamber of Digital Economy has wrapped up its participation at GITEX AI Europe 2026 in Berlin, using the international platform to showcase Dubai’s growing digital economy and attract European technology companies, startups and investors to the emirate. During the exhibition, the chamber presented Dubai’s business ecosystem to 287

Economy

ADNOC Distribution to Acquire Shell Downstream South Africa in $1 Billion Deal

News Editor 07/07/2026

Photo Credit : WAM ADNOC Distribution has signed a definitive agreement to acquire 100 percent of the share capital of Shell Downstream South Africa (SDSA) from Shell South Africa Holdings in a transaction valued at approximately $1 billion, marking a major step in the company’s international expansion strategy. The deal, which remains subject to regulatory […]