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Aramco earnings fall as oil prices weaken
Saudi Aramco reported a decline in full-year net profit for 2025, reflecting the impact of lower crude oil and petrochemical prices on the world’s largest energy producer.The company posted net profit of $93.38 billion for the year, an 11.6 per cent fall compared with the previous year. The drop was
Region
Abu Dhabi licences surge as reforms deepen
Abu Dhabi recorded a sharp rise in new business licences during 2025, underscoring continued momentum in the emirate’s drive to broaden its non-oil economy and attract private investment.The Abu Dhabi Registration Authority, the regulatory arm of the Abu Dhabi Department
Gulf states move towards US-led AI supply chain pact
Qatar and the United Arab Emirates are set to join a United States–led initiative aimed at securing global artificial intelligence and semiconductor supply chains, signalling a widening of Washington’s technology diplomacy into the Gulf and underlining the strategic importance of
Binghatti secures strong demand for debut long sukuk
Dubai-based property developer Binghatti has priced a $500 million five-year sukuk after attracting demand that significantly exceeded the issue size, underscoring sustained investor appetite for higher-yield Gulf credit despite tighter global financial conditions. The Islamic bond was priced on Thursday