The engines are roaring louder in Abu Dhabi. Etihad Airways has posted a near 50% leap in net profit, closing the year at $698 million — a performance powered by bigger fleets, busier cabins, and a widening global footprint. Behind the headline number is a year of aggressive scaling. Passenger traffic jumped 21%, carrying 22.4 …
Skyward Surge: Etihad’s Profit Climbs 50% as Ambitious Expansion Pays Off Read More »
Saudi Arabia’s deal tables are busy again. SNB Capital, the investment banking and asset management subsidiary of Saudi National Bank, has stepped into the market with plans to raise up to $500 million through a three-year loan facility. The structure is straightforward but flexible: a base size of $350 million, paired with a $150 million …
SNB Capital Tests Global Appetite with Fresh $500 Million Loan Play Read More »
Dubai’s skyline keeps stretching—and in the fast-evolving district of Al Jaddaf, a new residential address is staking its claim on the waterfront narrative. Azizi Developments has introduced Azizi David, part of what it calls the Jaddaf Beach Oasis concept—a project designed to fold resort-style ease into the rhythm of urban life. The pitch is simple: …
Beachside Calm Meets City Pulse: Azizi Unveils ‘David’ in Al Jaddaf Read More »
Radisson Hotel Group has planted a new flag in Ras Al Khaimah, unveiling the first Radisson Blu Hotel and Radisson Blu Residences in the fast-rising district of RAK Central. Developed in partnership with BNW Developments, the project blends hospitality, branded living, retail and entertainment into a single address designed to hum with activity from morning …
RAK Central Gets a New Skyline Signature with Radisson Blu Hotel & Residences Read More »
Energy titan Saudi Aramco is heading toward a fourth-quarter profit rebound on an annual basis, though momentum appears to have cooled compared with the previous quarter. Estimates from AlJazira Capital place Aramco’s net profit after minority interest at around 91.9 billion riyals — roughly $24.5 billion — for Q4 2025. That would mark a 5.9% …
Aramco Set for $25bn Quarter as Higher Output Softens Oil Price Dip Read More »
Abu Dhabi’s road-safety heavyweight is steering into the future. Emirates Driving Company PJSC, listed on the Abu Dhabi exchange under the ticker DRIVE, is set to acquire a 51% stake in UAE-based AI specialist Performise Labs. The majority acquisition signals a decisive pivot: from traditional driver training to a tech-powered mobility ecosystem. The company, which …
Emirates Driving Bets on AI as It Charts Course Toward ‘Emirates Mobility’ Read More »
In a fresh show of financial muscle, Aldar Properties has secured $1 billion through a privately placed hybrid notes issuance to Apollo Global Management—deepening a capital partnership that has steadily grown over the past few years. The subordinated hybrid notes, structured with a non-call period of just over a decade, give Aldar long-dated flexibility while …
Aldar Taps Apollo Again, Locks in $1 Billion Hybrid to Fuel Expansion Drive Read More »
The oil colossus of Saudi Arabia is poised to close 2025 with a solid, if slightly softer, fourth quarter. Analysts at AlJazira Capital expect net profit after minority interest to land at 91.9 billion riyals — roughly $24.5 billion — marking a 5.9% rise from a year earlier. Yet compared to the third quarter, earnings …
Profit Pulse: Saudi Aramco Set for $25 Billion Q4 — But Momentum Slips from Summer High Read More »
Qatar’s lenders wrapped up December with their balance sheets on firmer ground, as total loans climbed 6.6 percent compared to the previous financial year — a noticeable step up from the 4.6 percent growth recorded a year earlier. Over the past five years, credit expansion has averaged 4.9 percent annually, reflecting a steady, if measured, …
Credit Currents Rise: Qatar’s Banks Close the Year with Stronger Loan Books Read More »
Saudi Arabia’s housing finance push just received another lift. SHL Finance Company has renewed a Shariah-compliant credit line worth up to SAR 200 million (about $53.3 million), securing fresh capital to expand its home lending operations across the Kingdom. The five-year facility comes from UAE-based banking heavyweight Emirates NBD. The funding is earmarked for mortgage …
Fresh Firepower for Saudi Homebuyers: SHL Finance Locks in $53 Million Islamic Facility Read More »
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