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Dubai’s next race partner isn’t human: Meet the AI commentator joining mallathon

Yango Yasmina will serve as the event’s first AI race commentator, guiding and entertaining runners throughout the course with timely reminders, running and well-being tips

2026-08-17T10:27:08Z

AD Ports Group Q2 net profit surges 88% despite market volatility

Revenue rose 47 per cent to Dhs7.08bn, supported by maritime, logistics and economic zone operations

2026-08-17T11:12:08Z

Emirates NBD launches UAE’s first transition finance framework to support lower carbon investment

Emirates NBD has launched the UAE’s first dedicated Transition Finance Framework, aimed at helping corporate and institutional clients finance the shift towards lower-carbon business models. The framework sets out a methodology for identifying and assessing transition finance activities across high emitting and hard to abate sectors including manuf...

2026-08-17T07:44:22Z

Salama H1 profit more than triples to Dh28.3 million on stronger underwriting, pricing and expense management

Salama reported first-half profit after tax of Dh28.3 million, more than three times the Dh8.2 million recorded a year earlier, as stronger underwriting discipline, portfolio optimization, pricing actions and tighter expense management supported its core insurance business. The Islamic Arab Insurance Company also delivered a second consecutive prof...

2026-08-17T08:14:19Z

Gulf markets climb despite Iran impasse and Hormuz disruption

Saudi Arabia leads regional gains as investors look beyond geopolitical uncertainty

2026-08-16T14:31:24Z

Gold prices gain in Dubai as investors assess Fed outlook

Gold prices in Dubai gained Dh1.75 on Monday morning as the precious metal extended its recovery, supported by expectations that the US Federal Reserve could keep interest rates on hold in the coming months. The 24K gold price was trading at Dh529.25 per gram at the market open on Monday, up from Dh527.50. The other variants of the yellow metal, 22...

2026-08-17T05:29:21Z

Nakheel starts handover of 892 homes at redeveloped Jebel Ali Village

Historic community was originally built for workers at Jebel Ali Port

2026-08-17T08:31:26Z

DP World first-half revenue rises 13.1%, adjusted EBITDA falls

The company invested $1.5bn across its global portfolio during the first half and maintained its full-year capital expenditure forecast of about $3bn

2026-08-17T07:42:08Z

PIF revenue rises 9% to $120bn in 2025, profit more than doubles

PIF has contributed more than $342bn to Saudi Arabia’s real non-oil GDP between 2021 and 2025

2026-08-17T11:57:09Z

L'imad announces intention to acquire 100% shares of AD Ports Group

Deal values Abu Dhabi ports and free zones operator at Dh31.8 billion

2026-08-17T05:16:28Z

Emirates NBD unveils UAE’s first transition finance framework to power decarbonisation

The framework is designed to support corporate and institutional customers as they transform their businesses towards more sustainable models

2026-08-17T09:27:08Z

ADQ parent L’IMAD offers Dh6.25 per share to acquire full take in AD Ports Group

Abu Dhabi sovereign investor L’IMAD has announced its intention to make a voluntary conditional cash offer to acquire up to 100 per cent of the issued and paid-up share capital of Abu Dhabi Ports Company (AD Ports Group) that it does not already own. The offer will be made through L’IMAD’s wholly-owned subsidiary, Abu Dhabi Developmental Holding Co...

2026-08-17T04:29:21Z

EFG Holding revenues climb as Bank NXT profit jumps 33%

EFG Holding posted EGP 6.5bn in second-quarter revenues, with strong growth at Bank NXT and EFG Finance helping offset a softer performance at EFG Hermes

2026-08-17T05:57:08Z

Iran war’s final victim could be the Gulf’s fragile environment

Repeated attacks on tankers and the region's infrastructure causing oil spills

2026-08-17T03:01:28Z

XRG plans Venezuela entry through offshore Loran gas licence

The ADNOC-owned investment company will hold an equal interest alongside bp and UCC in a licence containing more than 4 trillion cubic feet of proven gas resources

2026-08-17T08:12:08Z

Why Dubai residents will not have to take out loans to pay rents

Tenants in Dubai will not have to borrow from banks to pay rents, thanks to Dubai's Flexi Rent scheme, which will improve cashflow for the residents. Real estate industry executives say that this programme will help tenants avoid borrowing money to pay their rent, as the Dubai Land Department’s (DLD) initiative allows residents to pay rent in flexi...

2026-08-17T02:14:22Z