BusinessLatest Business and Company Updates
Spinneys deepens Saudi push with larger stake
Spinneys will raise its ownership of its Saudi Arabian subsidiary to 70 per cent by acquiring an additional 20 per cent stake from Abdul Mohsen AbdulAziz Al Hokair Holding Group for SAR18 million. The Dubai-listed premium grocery retailer said the transaction covers shares in Al-Ma’kulat Al-Fakhirah for Food Products, known as
US-Iran strikes widen across Gulf states
The United States and Iran have intensified their exchange of attacks, drawing Gulf states deeper into a conflict that has entered an eleventh consecutive night of American strikes and raised the risk of a wider regional war. US Central Command said
Aramex posts record revenue as freight demand surges
Aramex reported record quarterly revenue of Dh1.83 billion for the three months ended June 30, 2026, as freight-forwarding demand and flexible routing helped the logistics group navigate regional transport disruption. Second-quarter revenue increased 22 per cent from Dh1.50 billion a year
Aldar profit climbs as property backlog converts
Aldar Properties recorded an 18% rise in first-half net profit after tax to AED 4.9 billion, as the Abu Dhabi developer converted its substantial project backlog into revenue and expanded income from investment properties. Revenue increased 8% year on year to
