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DEVELOPMENT BACKLOG HITS $16.96b
Aldar first half net profit after tax rises 24% to $1.11bn
Aldar, a leading developer in the region, has reported a 35% increase in first half 2025 net profit before tax compared to the same period last year to AED4.7 billion ($1.28 billion).
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'TARIFFS STILL HIGH'
IMF sees higher growth, easing of trade tensions help
The International Monetary Fund has revised its global growth projections upwards from the April 2025 reference forecast, from 2.8 per cent to 3.0 per cent this year, and from 3.0 per cent to 3.1 percent next year.
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FOCUS ON VALUE-ADDED PRODUCTS
Emsteel sales jump 24% in H1, revenues top $1.17bn
Emsteel, one of the largest publicly traded steel and building materials manufacturers in the region, has delivered strong operational performance during the first half of 2025, increasing its sales volumes of finished steel products by 24% year-on-year.
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SPOTLIGHT
New insights on leveraging AI for carbon market integrity
Artificial intelligence (AI) could improve transparency, accuracy, and efficiency in the voluntary carbon market, says a new white paper which offers practical guidance for organisations working to meet carbon emissions reduction targets.
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INSIGHT
Four drivers will transform customer experience, predicts Cisco
Advancements in AI, hyper-personalisation, rich communication services, and unified data are expected to enhance customer loyalty and address rising expectations in the Middle East and beyond, reveals new Cisco predictions in customer service.
Top Trade News
 | Industry Sectors |
DMDC enters property investment sector in Dubai
DMDC, an interior design and construction company, has announced the launch of its newest property investment division - DMDC Estates. Primed to reimagine Dubai’s property landscape, the key unit aims to develop a portfolio of premium housing projects.
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Multiply Group acquires major stake in top Spanish apparel company
Abu Dhabi-based investment holding company Multiply Group has announced that it has completed its first major investment in Europe with the acquisition of a majority stake in Tendam, Spain’s second-largest apparel group by market share.
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3t appoints new VP to lead Saudi training centre
GTSC, part of 3t, a provider of workforce training and competency for safety-critical industries, has appointed Askar Alyami as Vice President (VP) of its Saudi Arabian training centre operations.
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DMDC enters property investment sector in Dubai
DMDC, an interior design and construction company, has announced the launch of its newest property investment division - DMDC Estates. Primed to reimagine Dubai’s property landscape, the key unit aims to develop a portfolio of premium housing projects.
More…
New insights on leveraging AI for carbon market integrity
Artificial intelligence (AI) could improve transparency, accuracy, and efficiency in the voluntary carbon market, says a new white paper which offers practical guidance for organisations working to meet carbon emissions reduction targets.
More…
Emsteel sales jump 24% in H1, revenues top $1.17bn
Emsteel, one of the largest publicly traded steel and building materials manufacturers in the region, has delivered strong operational performance during the first half of 2025, increasing its sales volumes of finished steel products by 24% year-on-year.
More…
Air Arabia expands Russian network from Ras Al Khaimah
Air Arabia has announced the launch of two new direct routes connecting Ras Al Khaimah to Yekaterinburg and Kazan in Russia. The new flights will commence this October, further expanding the airline’s growing network from its Ras Al Khaimah hub.
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Northstar Computer named UAE distributor for IO by HFCL portfolio
Northstar Telecom Solutions has appointed Northstar Computer Trading as the official distributor for IO by HFCL portfolio in UAE. A key Wi-Fi and networking solution, IO by HFCL caters to major sectors including hospitality, smart city and healthcare.
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Kamalaya introduces Wellness Guardians programme
Kamalaya, a luxury wellness and holistic spa resort in Thailand, has introduced Wellness Guardians, a programme that provides personalised support from holistic health experts before, during, and after a guest's stay.
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Abu Dhabi extends autonomous taxi services to Al Reem, Al Maryah Islands
Abu Dhabi has expanded autonomous taxi services to Al Reem and Al Maryah Islands, in collaboration with WeRide, a global leader in autonomous driving technology, as well as Uber and Tawasul Transport as the local operator of the project.
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Four Winds gets Saudi licence for major cold chain facility
Four Winds Saudi Arabia, a leader in integrated moving and logistics services, has officially received a licence from Saudi Food and Drug Authority to store medical devices and supplies at its new 10,000-sq-m facility dedicated to cold chain logistics.
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Forbes unveils new edition of Global Meets Local ranking
Forbes Middle East has revealed the 13th edition of its flagship 'Global Meets Local' ranking, spotlighting the regional heads of top multinational corporations who are actively shaping Mena's future across tech, logistics, finance, aerospace and beyond.
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BAS launches second edition of 'Take-off' summer youth program
Bahrain Airport Services (BAS) has announced the launch of the second edition of 'Take-Off' its summer youth programme designed for high school students. The BAS initiative is aimed at familiarising students with the aviation ecosystem.
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Abu Dhabi extends autonomous taxi services to Al Reem, Al Maryah Islands
Abu Dhabi has expanded autonomous taxi services to Al Reem and Al Maryah Islands, in collaboration with WeRide, a global leader in autonomous driving technology, as well as Uber and Tawasul Transport as the local operator of the project.
More…
