Middle East stock markets gained on Thursday as anticipation of strong blue-chip earnings offset signals that U.S. interest rates may remain high, while profit-taking dragged the Dubai index down from …
UAE’s Masdar swings to profit as costs fall and assets soar
UAE renewables company Masdar swung to a profit in 2024, driven by a drop in direct costs. Net earnings reached AED412 million ($112.2 million) last year, versus a net loss of AED44 million in 2023, …
Dubai: Number of companies in DIFC jump 25% to 7,700
Around 1,081 new active registered companies joined the DIFC, representing a 32 per cent increase from the same period in 2024 …
Venture Capitalists Drive Q2 2025 Fintech Funding Above $10B With Mega Rounds
The second quarter of 2025 funding data tells a story of capital concentration, sector rotation and investor discipline. Read more here.
The CFPB intends to start writing a new data-sharing rule
The consumer protection agency told a Kentucky court it wants to re-examine the issues around the way bank customer data is shared with fintechs through data aggregators.
UAE: MGM Resorts’ Dubai property to open in second half of 2028, CEO Hornbuckle says
The US-based MGM Resorts International on Thursday said its Dubai property will open in the second half of 2028, delayed by a year from its previous projection. “Dubai project (is) on track for H2 …
MGM pushes back opening of Dubai resort to 2028
US casino and hotel operator MGM Resorts International has delayed the opening of its planned Dubai resort. The $2.5 billion beachfront project, part of Wasl Asset Management Group’s The Island …
Abu Dhabi Gets 10-Year License for Sphere Venues in MENA Region
Abu Dhabi’s Department of Culture and Tourism will lead Sphere expansion across the Middle East and North Africa …
Story on UAE renewables firm Masdar 2024 profit withdrawn
Story on UAE renewables firm Masdar’s 2024 profit has been withdrawn because it was previously reported in April. There will be no replacement item.
Digital Dirham set to transform UAE’s payment ecosystem with secure, innovative features
With its carefully designed infrastructure, inclusive vision, and policy alignment, the soon to be launched Digital Dirham promises to usher in a new era of digital money — one that empowers users, …
Strategic Transformation from Oil Empire to Global Green Hydrogen Hub: An Analysis of the Middle East’s Hydrogen Energy Strategy [SMM Analysis]
The fundamental driving force behind the development of hydrogen energy in Middle Eastern countries stems from the urgency of transforming the energy structure and the strategic need to de-petrolize …
BMW iX5 Hydrogen Goes Hot-Weather Testing in Dubai, Will It Save the …
BMW has taken the iX5 Hydrogen to Dubai for some hot weather testing. The territory of the United Arab Emirates is, this time of year, one of the hottest in the world.
Abu Dhabi-listed Etisalat reports 9.7% rise in Q2 net profit
The UAE telecoms group e& has posted a net profit of 3.5 billion dirhams ($953 million) for Q2 2025, a 9.7% increase year-on-year (YoY), on the back of a 13% rise in its subscriber base.
Abdulla Al Hamed meets leading media, technology executives in Shanghai
Abdulla bin Mohammed bin Butti Al Hamed, Chairman of the National Media Office (NMO) and Chairman of the Board of Directors of the UAE Media Council, held a series of high-level meetings with leading …
Dubai: Deyaar net profit before tax jumps 31.6% in first half of 2025
Deyaar Development , an integrated real estate leader in Dubai, on Thursday announced that first half net profit before tax rose 31.6 per cent to Dh266.6 million. Total revenue climbing 39.2 per cent …
UAE’s Masdar Posts Profit while Tripling Assets in 2024
Abu Dhabi state-owned renewables company Masdar reported a 2024 profit of 412 million dirhams ($112.18 million) on Thursday, …
Why companies are joining the Abu Dhabi chamber in record-high numbers: Membership now 158,000+ in H1 2025
The Abu Dhabi Chamber of Commerce and Industry reports a 4.9% increase in membership, reaching 158,000+ companies in H1 2025, highlighting the emirate’s resilience in a challenging global economy and …