An endowment-funded factory producing 150 million date-based food units per year sounds like an industrial project, but the ambition behind it is squarely humanitarian. With AED 200 million in private funding already committed, the 1 Billion Meals Dates Factory positions the UAE as a permanent infrastructure player in global food security rather than a periodic … Read more
Record inventory draws of up to 12 million barrels per day in a single month would be extraordinary under any circumstances. When Goldman Sachs attaches that figure to April 2026, it reframes the entire supply conversation for energy investors across the Gulf and beyond. The investment bank has raised its fourth-quarter oil price forecasts, now … Read more
A litre of diesel in the UAE now costs 64% more than it did four months ago. That single figure tells you everything about how fast fuel economics have shifted for millions of drivers, businesses, and logistics operators across the country heading into May 2026. Fresh petrol prices for May are expected to be announced … Read more
Equity-free, non-repayable grants for founders facing real operational pressure — that is the core offer behind Sharjah’s newest intervention into its startup ecosystem. With a mobilization target of AED 5 million, the initiative is less about headline figures and more about how quickly capital and support can reach businesses that need both right now. What … Read more
A quarter of every dirham earned per share, returned directly to shareholders. That is the signal Dubai Investments sent at its 30th Annual General Meeting, confirming a 25% cash dividend while quietly reshaping its board for the cycle ahead. The Group’s shareholders formally approved a payout of AED 0.25 per share for the financial year … Read more
When a UAE bank beats analyst expectations by nearly 39%, the earnings release stops being routine and starts telling a broader story about where Abu Dhabi‘s banking sector is heading. That is exactly what Abu Dhabi Commercial Bank delivered in its first-quarter results for 2026. ADCB reported a net profit of AED 3.36 billion ($910 … Read more
A single date now carries roughly $11 billion in weight. Dubai Investments has given itself until May 15 to decide whether one of the UAE’s largest mixed-use developments hits public markets this year or waits until October. What Is the DIP IPO and Why It Matters for MENA Dubai Investments Park is not a new … Read more
Nearly one million square metres of central Jeddah are about to shift from blueprint to building site, and the name attached to the flagship tower is one that tends to polarise and attract capital in equal measure. Dar Global’s decision to appoint a contractor for its Amaya development marks the moment this project moves from … Read more
When a Gulf industrial giant starts buying up recycling operations across three continents, the strategy is no longer about hedging — it’s about controlling the supply chain from scrap to smelter. Emirates Global Aluminium’s latest move into northern Italy puts that ambition into sharp focus. EGA has signed an agreement to acquire an 80% stake … Read more
When the world’s busiest international airport starts rebuilding its operations around artificial intelligence, the signal is less about technology and more about capacity economics. Dubai is now channelling strategic investment into smart technologies across its aviation ecosystem, a move that ties digital infrastructure directly to the emirate’s long-term traffic and revenue ambitions. The push centres … Read more
