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DEWA Profit Jumps to Dh3.33 Billion in H1 2026 as Electricity Demand Drives Growth

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DEWA profit reached Dh3.33 billion during the first half of 2026. Stronger demand for electricity, water, and cooling services supported the results. Dubai Electricity and Water Authority recorded revenue of Dh14.86 billion. That figure marked a 1.8 percent...
Financial

Kuwait’s Business Law Must Embrace Gender Equality

Kuwait’s Commercial Code No. 68 of 1980 continues to shape the country’s economic landscape. However, legal gender equality Articles 21 and 22 of this...
Financial

WEF Postpones Jeddah Meeting Amid Gulf Tensions

The World Economic Forum has postponed a major Saudi meeting, adding fresh pressure to the region’s business event calendar as conflict risks reshape investor...
News

Airfares Set to Rise Up To 10% As Fuel Costs and Airspace Closures Pressure Travel Markets

Airfares surge across global markets as fuel costs and airspace closures increase operational pressure. The airfare surge affects long-haul travel most significantly. Airlines adjust...
Investment

Saudi Arabia Reshapes NEOM Strategy with Workforce Cuts and Capital Relocation

Saudi Arabia’s flagship NEOM project is undergoing major changes. A strategic review has triggered staff relocations and expected layoffs. The move reflects a shift...
Investment

UAE Signs 26 Trade Deals Under Economic Partnership Initiative

The UAE has signed 26 trade deals under its Comprehensive Economic Partnership Agreement (CEPA). In 2025, the country secured five new agreements, bringing the...
Investment

UAE’s DIA Properties Supports Ramadan Iftar Meal Distribution

DIA Properties has teamed up with Beit Al Khair Society to provide Iftar meals across the UAE during the Holy Month of Ramadan. This effort reflects...
Investment

Saudi Private Sector Fuels $314 Billion Investment Surge

Saudi Arabia’s private sector is driving a massive investment surge, reaching SR1.18 trillion ($314 billion) in 2024. This marks a 5.3 percent increase compared...
Financial

UAE Banks Crack Down as Exchange Licence Revoked Over Money Laundering

The UAE Central Bank revoked the licence of Malik Exchange, an Abu Dhabi-based remittance company, after serious compliance breaches. The regulator struck the firm’s...
Investment

Qatar Residential Sales Climb as Demand for Premium Districts Strengthens

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Qatar’s housing market showed strong growth as transaction numbers increased and leasing activity accelerated. Qatar residential sales rose significantly, fueled by high demand in Lusail and The Pearl. These master-planned districts continue to attract buyers and tenants seeking premium...

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