News

Emirates is widening its Chinese footprint without adding a single new aircraft route of its own. The Dubai carrier has inked an interline agreement with Loong Air, unlocking access to 22 additional destinations across China through shared itineraries routed via Hangzhou, Shenzhen and Hong Kong. For travellers, that translates into one booking, one ticket, and …

Emirates Deepens China Push with Loong Air Tie-Up, Opening 22 More Cities Read More »

Lulu Retail Holdings PLC has closed its 2025 financial year on a high note, posting its strongest performance to date as revenue climbed to $7.9 billion (AED 29.1 billion), a 4.1% rise over the previous year. The group’s net profit reached roughly $205 million (AED 753 million), comfortably ahead of earlier projections. The numbers reflect …

Lulu’s $8 Billion Milestone: Retail Giant Caps FY25 With Record Sales and Digital Surge Read More »

Caution crept across the Gulf’s trading floors on Monday morning, with investors choosing restraint over risk as fresh U.S.–Iran negotiations loom. A second round of talks between Washington and Tehran is scheduled in Geneva this week, reviving a long-running diplomatic effort centered on Iran’s nuclear programme. The renewed dialogue is meant to cool tensions that …

Gulf Markets Drift as Washington–Tehran Diplomacy Keeps Traders on Edge Read More »

The year has barely begun, and Abu Dhabi’s property market is already moving at full throttle. January closed with AED12 billion ($3.2 billion) in residential sales spread across 2,600 transactions, setting an assertive tone for 2026. The real headline, however, lies in where buyers are placing their bets: off-plan developments commanded a commanding 83% of …

Abu Dhabi Property Opens 2026 With a $3.2 Billion Surge — Off-Plan Dominates the Scene Read More »

Saudi manufacturer Arabian Plastic Industrial Company (APICO) has widened its Islamic financing arrangement with Saudi National Bank (SNB), lifting the total facility to SAR 60 million — roughly $16 million — as it gears up for operational growth. The renewed agreement reshapes and enlarges an existing Shariah-compliant structure, giving APICO more breathing room to fund …

APICO Locks In Bigger Shariah Credit Line as Expansion Plans Gather Pace Read More »

In a year defined by shifting energy prices and global recalibration, ADNOC Group’s listed portfolio turned in a performance that reads less like routine earnings and more like a statement of scale. Across its six publicly traded companies, the Abu Dhabi energy heavyweight recorded combined revenues of AED190.1 billion ($51.8 billion) for 2025. EBITDA climbed …

ADNOC’s Market Machines Roar: Six Listed Giants Deliver $51.8 Billion in 2025 Revenue Read More »

First Abu Dhabi Bank has returned to the debt markets with a confident stride, pulling in £450 million from a sterling-denominated bond—its third outing this year and another sign of its steady access to global capital. The 5.5-year senior unsecured benchmark note tightened sharply in pricing, landing at UKT +75 basis points after initial whispers …

Sterling Bet Pays Off: FAB Locks In £450m as Demand Surges Read More »

In a move that signals both continuity and recalibration, DP World has elevated seasoned Dubai statesman Essa Kazim to Chairman of the Board, while naming Yuvraj Narayan as its new Group Chief Executive Officer. Kazim arrives at the post with a résumé steeped in the architecture of Dubai’s financial rise. He currently serves as Governor …

Ports Powerhouse Reshapes Its Helm as Dubai Veteran and Longtime Insider Take Charge Read More »