UAE Listed Profits Surge 28.6% to Dh79.2 billion in Q2 2026 as Banking and Real Estate Drive Growth

Financial
UAE listed profits surged during the second quarter of 2026, supported by strong performances across banking, real estate, and other major sectors. Companies listed in Abu Dhabi and Dubai recorded combined net profits of $21.6 billion. That figure equals approximately Dh79.2 billion. Overall profits increased 28.6 percent compared with the same period last year. The results highlight the continued...
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UAE Sets New Crypto VAT Rules for Digital Currency Payments and Dirham Tax Reporting

The UAE has introduced new Crypto VAT rules for businesses accepting digital currency payments. The new requirements explain how companies should value crypto transactions...

UAE Listed Profits Surge 28.6% to Dh79.2 billion in Q2 2026 as Banking and Real Estate Drive Growth

UAE listed profits surged during the second quarter of 2026, supported by strong performances across banking, real estate, and other major sectors. Companies listed...

Apple Foldable iPhone and New Pro Models Set to Debut on September 9 with UAE Prices Revealed

Apple foldable plans are expected to dominate the company's September 9 event. Apple could introduce its most significant iPhone changes in several years. The...
Financial

UAE Sets New Crypto VAT Rules for Digital Currency Payments and Dirham Tax Reporting

The UAE has introduced new Crypto VAT rules for businesses accepting digital currency payments. The new requirements explain how companies should value crypto transactions for VAT reporting. Businesses must convert digital currency values into UAE dirhams before filing their tax returns. The Federal Tax Authority issued the new requirements through Directive on Tax Transactions No. 3 of 2026. The directive...

Finacial

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Kuwait Oil Price Increases as Global Benchmarks Decline

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Financial

UAE Economy to Grow 5% as Region Leads Global Growth

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Investment

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Investment

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Investment

Qatar’s Hospitality Growth Fuels Investment and Tourism Expansion

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Investment

Talabat Renews Academy X Sponsorship to Empower Young Women in Kuwait’s Technology Sector

Academy X will continue receiving support from talabat as the company renews its strategic sponsorship. The partnership aims to strengthen technology skills among young...
Financial

Oman Tax Authority Clarifies VAT Rules for GCC Imports

The Omani Tax Authority (OTA) has issued clear guidance on VAT Oman companies importing goods from the UAE and other GCC countries. The update...
Investment

UAE-EU Trade Deal Talks Begin to Strengthen Economic Ties

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Oil and Gas

Drone and AI technology to transform Saudi Arabia’s oil sector

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Saudi Arabia is accelerating its oil industry modernization with drone and AI technology. A new partnership between Aramco and Japan’s Terra Drone is central to this push. Aramco, the world’s largest oil company, has teamed up with Terra Drone to...

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