GCC corporate profits surge to record $74.8bn as oil boosts earnings
Companies listed across the Gulf Cooperation Council posted a record $74.8 billion in net profits in the second quarter of…
Comment & Analysis
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UAE is home to 59 billionaires with combined wealth of $201 billion
The UAE’s billionaire population accounted for about 1.4 per cent of the global total of 3,795 billionaires, while their combined…
Anthropic names Bain & Company a Global Premier Partner for Claude
Earlier this summer, Bain & Company was named an Elite Partner of OpenAI – the highest tier in its partner…
UAE ‘spy sheikh’ backs 49% stake in Trump family’s crypto bank venture, WSJ reports
The powerful United Arab Emirates official known as the “spy sheikh” is behind the largest stake in the holding company…
Kuwait banks seek to extend customer complaint processing deadline to 6 working days
Local banks are seeking to change how the deadline for processing official customer complaints is calculated, effectively giving them an…
Egypt holds nearly half of Africa’s $7bn sukuk market, Fitch says
Egypt accounts for 48 percent of Africa’s outstanding sukuk, making it the continent’s largest market, as regulatory reforms and closer…
ITC developments across Oman at an all-time high, says expert
In terms of transaction activity, Oman’s real estate market performed better during the first half of 2026 than it did…
UAE bank deposits rise as credit grows Dh24.7 billion in June
Bank deposits increased 0.3% to Dh3.47 trillion, while gross credit rose 0.9% to Dh2.76 trillion, according to the Central Bank…
More UAE residents are opting for monthly rentals. Here's why
Demand for short-term monthly rental units in the UAE is increasing as more people decide against committing to long-term contracts…
MENA M&A activity dips to 390 deals valued at $47 billion in first half of 2026
M&A activity in the Middle East and North Africa (MENA) region dipped in the first half of 2026 amid geopolitical…
Dubai rent guide: 15 areas where a one-bedroom still costs under Dhs80,000
Dubai’s rental market is showing early signs of moderation, but tenants with an annual budget of Dhs80,000 still have a…
Dubai gold jumps Dh29 in six days, 10g now costs over Dh5,100
Gold prices moved higher again on Thursday afternoon, taking the local 24-karat rate to Dh516.25 per gram and extending a…