Category: Business

DP World plans to invest about $3 billion during 2026 as the Dubai-based ports and logistics group expands capacity across the UAE, Britain, the Democratic Republic of Congo, India and Saudi Arabia while navigating disruption to Middle East trade routes. The investment programme will focus on port capacity, terminal development and logistics infrastructure. Major projects include Jebel Ali Port and EZ World in the UAE, London Gateway and London Gateway Park in Britain, Banana Port in the Democratic Republic of

Dubai-listed Emaar Properties posted a 9 per cent increase in second-quarter net profit attributable to shareholders, reaching AED 3.67 billion, as property demand and recurring income businesses helped the developer withstand geopolitical disruption across the region. The April-June performance extends a strong start to 2026 for one of Dubai’s largest listed property groups, although the quarter unfolded against a substantially more difficult backdrop. Conflict in the region affected investor sentiment, disrupted travel and raised concerns over construction costs and supply chains,

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 earlier, marking the highest quarterly total in the company’s history. May and June also produced record monthly revenue figures. Net profit rose to Dh47.4 million, compared with a normalised profit of Dh5.9 million in the same quarter last year. On a

Wynn Resorts has set September 2027 as the opening date for Wynn Al Marjan Island in Ras Al Khaimah, providing its clearest timetable yet for the UAE’s first licensed integrated gaming resort. The Las Vegas-based company announced the date while reporting stronger second-quarter revenue and profit, supported by a sharp improvement at its Macau properties and sustained demand from wealthy customers. Wynn contributed $48.1 million during the three months ended June 30 to the joint venture building the resort. Its cumulative cash

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 AED 16.8 billion during the six months ended June, while gross profit rose 17% to AED 6.2 billion. Earnings before interest, tax, depreciation and amortisation advanced 19% to AED 6.3 billion. Earnings per share grew 17% to AED 0.53. Second-quarter

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 Spinneys KSA. Completion remains subject to regulatory approvals, including clearance from Saudi Arabia’s General Authority for Competition. Spinneys currently owns half of the subsidiary, which was established in 2022 as a

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 its latest operation targeted Iran’s military infrastructure, including coastal surveillance systems, air defence installations, maritime assets and storage facilities for missiles and drones. The campaign is aimed at reducing Tehran’s ability to attack American forces and threaten commercial shipping through

Dana Gas has temporarily shut the main production facilities at Iraq’s Khor Mor gas field after receiving what it described as credible security threats amid escalating regional tensions. The company said the precautionary suspension was intended to protect employees and infrastructure at the field in Sulaimani province. It was monitoring security conditions and coordinating with the Kurdistan Regional Government, provincial authorities and the federal government before deciding when production could safely resume. No attack, damage or casualties were reported at the

San Diego is home to one of California's most dynamic legal communities. From thriving startups and family-owned businesses to military families, nonprofits, and individuals facing unexpected legal challenges, the city's diverse population creates demand for experienced attorneys across many practice areas. Whether someone needs help recovering after an accident, protecting business interests, planning an estate, or navigating immigration law, finding the right legal team can make all the difference. The firms featured below represent a variety of legal disciplines rather than

Finding the right attorney begins with understanding which law firm is best suited to your specific legal needs. From recovering after a serious injury and resolving family disputes to protecting your business, planning your estate, or defending against criminal charges, working with an experienced legal team can make the process more manageable. St. Louis is home to many respected law firms, each offering different areas of legal experience. This guide highlights five established firms that serve a variety of practice areas

Finding the right legal representation often starts with understanding which firms have established a reputation for professionalism, client service, and dependable legal guidance. Indiana, Pennsylvania, is home to several respected law firms serving individuals, families, and businesses across a variety of legal matters. While every client's needs differ, selecting a firm with experience in the relevant practice area can make a meaningful difference. This editorial review evaluated firms based on several factors, including longevity, reputation within the community, range of legal

BlueFive Capital has co-led a near $3 billion funding round for Kling AI, marking one of the largest capital injections into a generative video company and giving the Abu Dhabi-based investment platform a prominent position in China’s fast-growing artificial intelligence race. The financing values Kling AI at about $18 billion after investment and brings together a heavyweight group of backers including CPE, Guofang Investment, Tencent and CITIC Securities. The round is centred on Kuaishou Technology’s AI video-generation business, which has moved

PureHealth’s insurance arm, The National Insurance Company – Daman, has secured an A1 Insurance Financial Strength Rating from Moody’s Ratings with a stable outlook, marking a major credit milestone for Abu Dhabi’s expanding healthcare and insurance platform. The rating is the highest Insurance Financial Strength Rating assigned by Moody’s to a UAE insurer and the highest across the GCC among life, property and casualty, and reinsurance companies. It places Daman in a stronger position as PureHealth accelerates its strategy of combining

Private foreign investment in Saudi Arabia’s private markets reached SR20 billion in 2025, making overseas capital a dominant force in the Kingdom’s fast-expanding private investment landscape as reforms, larger deal pipelines and stronger exit prospects draw more global fund managers to Riyadh. The Saudi Venture Capital Company said foreign inflows accounted for about 60 per cent of total private investments last year, putting the overall market near SR33 billion. The figure marks a significant step in the Kingdom’s push to convert

Donald Trump reported at least $1.4 billion in 2025 earnings from cryptocurrency and memecoin-linked ventures, a federal filing shows, putting digital assets at the centre of the president’s personal finances during his second term. The 927-page annual financial disclosure, released by the US Office of Government Ethics, details a sharp expansion of income from family-linked crypto businesses, licensing deals, token sales and related partnerships. The scale of the earnings places crypto ahead of hotels, golf resorts, real estate licensing and merchandising

Cincinnati has long been recognized as one of Ohio's most dynamic cities, blending a strong business community with historic neighborhoods, growing startups, major healthcare systems, and family-owned enterprises. As the city continues to evolve, legal needs have expanded in areas such as estate planning, family law, business formation, criminal defense, employment disputes, and personal injury. The city's legal community includes firms that have spent decades serving local families, entrepreneurs, nonprofit organizations, and corporations. While each practice focuses on different areas of

Charleston, South Carolina, is known for its rich history, thriving business community, and welcoming neighborhoods. As one of the state's fastest-growing cities, Charleston is also home to a diverse legal community serving individuals, families, entrepreneurs, and organizations across a wide range of legal matters. Whether you're navigating a real estate transaction, planning your estate, resolving a family dispute, launching a business, or recovering after an accident, finding the right legal representation can make all the difference. The best law firms combine

There is a particular kind of conversation happening in Munich, Vienna, and Zurich right now. A founder runs the numbers on another year of operating at home, looks at the tax line, the energy bill, and the months lost to permits and paperwork, and starts asking a question that would have seemed exotic a decade ago: what would it actually take to run this from Dubai? In 2026, more of them are not just asking. They are going. The flow of

[caption id="attachment_118938" align="alignnone" width="1000"] New York-based iSwiss Hedge Fund announces a major hospitality and real estate development in Salalah. The project highlights growing international investor confidence in Oman and its long-term potential within the luxury tourism sector.[/caption] DUBAI – The Gulf region continues to rank among the world's most dynamic destinations for tourism and hospitality investment. Against this backdrop, Christopher Aleo, Chief Executive Officer of iSwiss Hedge Fund, has announced a significant new project in the Sultanate of Oman. The New York-headquartered

Varenne Capital Partners has opened a Dubai International Financial Centre office, giving the Paris-based investment manager a regulated foothold in the Emirates as global asset managers deepen their presence in the Gulf’s expanding financial hub. The new entity, Varenne Capital Ltd, is a wholly owned UAE subsidiary regulated by the Dubai Financial Services Authority. The move marks the firm’s first regional base after building its business across Europe and positions it closer to institutional investors, private wealth networks and family offices

Emirates SkyCargo has expanded its freighter network across East and Southeast Asia, adding capacity on key manufacturing corridors as exporters seek faster links to markets across the Middle East, Africa, Europe and the Americas. The Dubai-based carrier said it moved more than 439,000 tonnes of cargo on freighter and passenger flights from 12 markets in East and Southeast Asia during FY2025/26, an increase of about 5 per cent over the previous financial year. The expansion reflects rising demand from manufacturers, e-commerce

Electric Way has broken ground on a 125,000 sq ft expansion of its distribution centre at National Industries Park in Dubai, a move aimed at more than doubling its operating capacity as demand rises from construction, utilities, manufacturing and data centre projects across the region. The extension is designed to strengthen the company’s bulk order fulfilment, warehousing, kitting and supply chain operations for electrical products including cables, lighting, industrial wires and electrical distribution systems. The project comes as Dubai’s industrial and

Standard Chartered is exploring the sale of its wealth and retail banking business in Bahrain, extending a wider reshaping of its consumer operations as the London-headquartered lender concentrates capital on larger cross-border and affluent-client franchises. The review applies only to the bank’s wealth and retail banking operations in the kingdom. Its corporate and investment banking business in Bahrain will continue unchanged, preserving the group’s institutional presence in a market it has long used as a regional financial hub. The bank said any

Leonardo and Abu Dhabi’s EDGE Group have set a target of more than €4 billion in orders over five years for a new defence sensors and systems joint venture, signalling a deeper industrial push by the UAE into high-end military technology and a wider export drive by Europe’s defence manufacturers. The venture, detailed at a Paris event on Wednesday, is expected to begin operations with contracts already secured worth several hundred million euros. EDGE will hold 51 per cent of the

Dubai’s latest trophy land sale has come under scrutiny after public property records indicated that the Dh560 million beachfront acquisition announced by Dubai Sotheby’s International Realty may have been assembled through four separate land transactions rather than recorded as a single deal. The brokerage said this month that it had completed the UAE’s largest land acquisition, involving a European buyer and a beachfront estate of more than 80,000 square feet on Naïa Island, the private coastal development being built off Jumeirah.

How Iqoniko and Van Sterling Capital Are Enabling Private Investors to Participate in a Growth Story via the Innovative Platform Intokia.com Lehmann Hotel und Gaststätten Holding GmbH is leveraging an innovative Capital Roadshow for digitized profit participation rights—a modern investment vehicle—as it begins its Taco Bell rollout in Bavaria, Germany. In collaboration with Iqoniko and Van Sterling, the group is establishing a model that provides both professional and retail investors access to an extraordinary expansion journey. Bavaria, Germany as the Starting Point

Abu Dhabi’s L’IMAD Holding has deepened its grip on TAQA after its subsidiary Abu Dhabi Power Corporation bought a further 8.09 per cent stake in the listed power and water utility, lifting its holding to 98.12 per cent. The transaction, disclosed on Wednesday, involved the acquisition of 9.1 billion TAQA shares from Two Point Zero Group. Based on TAQA’s closing share price that day, the stake was worth about AED21.56 billion, or $5.87 billion, making it one of the more significant

Dubai Islamic Bank has raised $1 billion through a perpetual non-call six-year Additional Tier 1 sukuk, reinforcing investor appetite for Gulf bank capital instruments despite a higher-for-longer global rates environment and periodic volatility across emerging-market debt. The benchmark Regulation S transaction was priced with a 6.250 per cent profit rate after initial price thoughts were circulated in the 6.625 per cent area. The orderbook rose above $1.85 billion, excluding joint lead manager interest, allowing the lender to tighten pricing and complete

Europe’s largest airline groups have warned Brussels that extending carbon charges to long-haul international flights would lift fares, raise cargo costs and deepen a dispute over how aviation should pay for its climate impact. Chief executives from major carriers including Air France-KLM, IAG, Lufthansa, Ryanair, easyJet, TUI and AirBaltic have urged European Commission President Ursula von der Leyen not to widen the European Union’s Emissions Trading System to cover flights departing the bloc for destinations outside Europe. The intervention comes as

The idea of being self employed is often an appealing one. No boss hovering nearby while you work. No office politics that become divisive or horrific to work in. The added freedom of building a business based on your own goals and interests - it’s all very appealing and sounds excellent on paper, right? But is it actually easy? The honest answer isn't as straightforward as a yes or no unfortunately. It can be challenging and rewarding, frustrating and exhilarating all

First Abu Dhabi Bank has entered a strategic partnership with Water. org and WaterEquity, placing capital behind an impact fund aimed at expanding access to safe water and sanitation across emerging markets. The Abu Dhabi lender has invested in the WaterEquity Everspring Fund, an open-ended vehicle designed to channel private capital into financial institutions and enterprises that serve low-income households and small businesses needing affordable water and sanitation finance. The partnership makes FAB the first commercial financial institution in the Middle

Parcel-locker group InPost will invest a further €500 million in France by 2030, strengthening its out-of-home delivery network as e-commerce growth and consumer demand for flexible collection points reshape Europe’s parcel market. The commitment adds fresh weight to the expansion strategy of the Poland-based logistics company, which has been building France into one of its most important markets outside its home base. The investment is intended to support organic growth rather than acquisition-led expansion, with funds expected to go into lockers,

Dubai motorists will pay more to use toll gates and public parking from June 1, with Salik and Parkin applying 5 per cent value-added tax to their services under the UAE’s federal tax framework. The change will add VAT to Salik toll gate use and tag activation charges, while Parkin will apply the tax across its public parking services, including on-street and off-street parking, seasonal cards, permits and reservations. The amounts collected will be remitted to the Federal Tax Authority, making

Emirates NBD has extended a AED367.3 million loan facility to Luxembourg-based CPI Property Group, giving the European real estate investor funding cover for deferred payments on a portfolio of ultra-luxury residential units in Dubai through 2026 and 2027. The transaction, equivalent to about $100 million or €86 million, is secured against 19 high-end residences owned by CPI Property Group, including 15 units still under construction. The assets are spread across some of Dubai’s most expensive branded and waterfront addresses, including Bvlgari