EDGE Group Signs Agreement to Acquire CMD, a Top-Tier Italian Engine Company

The signing of the agreement for the acquisition of Southern Italy-based CMD will give EDGE direct access to over 35 years of piston engine manufacturing excellence, laying the foundation for a high-quality engine production base in Europe The deal represents EDGE Group’s landmark European expansion and strengthening of its global propulsion capabilities Abu Dhabi, UAE / Atella, Italy – 14 May 2026 – EDGE Group today announced the signing of an agreement to acquire a controlling stake in Costruzio ni Motori Diesel S.p.A. — CMD — a leading Italian company specialised in the design, prototyping, and development of advanced propulsion systems for automotive, marine, and aeronautical applications. The signing ceremony took place at the CMD plant in Atella, in the Basilicata region of Southern ......read full article

Space42 Reports Strong Q1 2026 Results

Rising revenue and solid margins underpin strong Q1 2026 performance Space Services revenue surges by 15% Strategic execution lays foundation for long-term, sustainable growth Abu Dhabi, UAE, May 14, 2026: Space42, the UAE based AI powered SpaceTech company with global reach, today announced its consolidated financial results for the three months ended March 31, 2026. The Company’s shares are listed on the Abu Dhabi Securities Exchange under the symbol SPACE42 (ISIN: AEE01122B228). In Q1 2026, Space42 delivered a robust financial performance, recording an increase in revenue and maintaining the momentum of the final quarter of 2025. It continued to execute across its four core strategic pillars while exercising rigorous control of its cost base, ensuring strong levels of profitability and margin. The Group ......read full article

ENOC Group honours employee excellence at the 2026 edition of the annual ENOC Awards

To Tweet this news, copy-paste the following: #ENOC Group to celebrate employee excellence on May 12 at the 2026 edition of the annual ENOC Awards Dubai, UAE; 13 May 2026: ENOC Group, a leading integrated global energy player, honoured and celebrated the outstanding contributions and dedication of its employees during the annual 2026 ENOC Awards ceremony, held on Tuesday, May 12. The prestigious event, hosted at the Al Ras Ballroom, InterContinental Dubai Festival City, recognised 456 employees for their role in enhancing ENOC Group’s competitiveness as an industry-leading national energy company. The annual awards reflect ENOC’s continued commitment to fostering a culture of excellence, innovation, and continuous improvement across the Group. ‘’ENOC Awards ceremony reflects our deep appreciation for our ......read full article

ADNOC Distribution delivers 21% net profit growth in Q1 2026, reflecting strength and resilience

The Company generated its highest ever Q1 EBITDA of $307 million (+11.7% YoY) and net profit of $210 million (+20.7% YoY) Fuel volumes reached a Q1 record of 3.82 billion liters (+2.4% YoY) Non-fuel retail gross profit increased 10% YoY, driven by higher customer footfall, enhanced property management, and convenience store offerings The Company added 22 service stations in Q1 and is on track to hit its target of 60-70 new stations in 2026 Board of Directors approved ADNOC Distribution's first quarterly dividend (5.14 fils per share) to be paid in June 2026 Abu Dhabi, UAE – May 13, 2026: ADNOC Distribution (ISIN: AEA006101017) (ADX: ADNOCDIST), the leading mobility and convenience retailer in the UAE, reported strong financial and operational performance in the first quarter ended 31 March 2026, with record Q1 ......read full article

EDGE and ADNOC Partner to Advance Strategic Capability Development

Abu Dhabi, UAE: 12 May 2026 – EDGE and ADNOC have signed a Memorandum of Understanding (MoU) under which EDGE will deliver capability development training to ADNOC employees through BRIDGE's advanced training and support programmes. BRIDGE, the Group’s strategic enabler for advancing technologies from development to production, industrialisation and operational excellence, has successfully trained more than 450 ADNOC employees under a previous contract, equipping them with practical AI knowledge, leadership skills, and tools to support data-driven decision-making and digital transformation. Under this agreement, BRIDGE will support ADNOC's AI initiatives across human capital and technology integration through tailored programmes covering: leadership development; diversity and inclusion; upskilling and advanced ......read full article

Solutions+ and Inception partner to scale enterprise AI implementation across the GCC

Abu Dhabi, 11 May: Solutions+, a Mubadala company and a leading UAE business consultancy offering digital solutions and shared services, has entered a strategic partnership with Inception, a G42 company, to accelerate the implementation of enterprise AI solutions across the Mubadala Investment Company "Mubadala" Group and the wider GCC market. Announced at Make it in the Emirates 2026, the partnership focuses on helping organizations move beyond pilot use cases to fully integrated, operational AI systems that deliver measurable business impact. The partnership agreement was signed by Nasir Al Nabhani, Managing Director of Solutions+, and Ashish Koshy, CEO of Inception. The partnership supports the UAE's broader ambition to embed advanced technologies into core industries and scale national capabilities in AI-driven ......read full article

UAE honors 20 companies and individuals for driving billions back into the national economy

Organizations and individuals recognized at Make it in the Emirates for their contributions to the local content agenda. Abu Dhabi, UAE. 6 May 2026: The Ministry of Industry and Advanced Technology (MoIAT) honored 20 companies and individuals at Make it in the Emirates 2026 on Tuesday for their contributions to the UAE's In-Country Value (ICV) Program — an initiative that has redirected AED 473 billion into the national economy to date. The ceremony, held as part of National ICV Day on the second day of Make it in the Emirates, was attended by His Excellency Hasan Jasem Al Nowais, Undersecretary of MoIAT, alongside senior officials from government and industry. HE Al Nowais said the awards reflect the growing impact of public-private collaboration. "The ICV Program is a key driver in ......read full article

EDGE Awards AED 200 Million Contract to Abu Dhabi Cable Harness Manufacturer ECCI

EDGE entity HALCON has awarded an AED 200 million contract to Abu Dhabi-based ECCI for the manufacturing and supply of mission-critical subsystems The contract forms part of a larger drive from EDGE to integrate and rapidly grow the advanced capabilities of the UAE's manufacturing industry Abu Dhabi, UAE: 6 May 2026 – EDGE, one of the world's leading advanced technology and defence groups, through its smart weapon systems producer, HALCON, has awarded a contract to Emirates Cable Corporation Interconnect (ECCI), an Abu Dhabi-based manufacturing company specialising in the design and production of world-class cable and tactical harness solutions, to manufacture and supply high-technology cable harness assemblies. The contract to provide mission-critical subsystems that enable power distribution, signal ......read full article

Abu Dhabi Family Business Council Signs MoU with First Abu Dhabi Bank

The MoU advances sustainability while delivering innovative banking and financing solutions for family businesses Abu Dhabi, United Arab Emirates: 05 May 2026 – As part of ongoing efforts to strengthen the economic environment for family businesses in the Emirate of Abu Dhabi, the Abu Dhabi Family Business Council (ADFBC) and First Abu Dhabi Bank (FAB) signed a Memorandum of Understanding (MoU) aimed at supporting the growth and sustainability of family businesses and enhancing cooperation between the two parties in a manner that contributes to sustainable economic development.. The MoU was signed by H.E. Masood Al Masood, Vice Chairman of the Abu Dhabi Family Business Council, and Martin Tricaud, Group Head of Wholesale Banking- First Abu Dhabi Bank (FAB) The MoU also aims to establish a joint framework between the ......read full article

EtihadWE Development and Investment Arm Signs EPC Agreement with NMDC Infra and Lantania for Fujairah I IWP 60 MIGD Desalination Plant

Abu Dhabi, UAE – 05 May 2026: The development and investment arm of Etihad Water and Electricity (EtihadWE) has signed an Engineering, Procurement and Construction (EPC) agreement with NMDC Infra and Lantania Aguas for the Fujairah I Independent Water Producer (IWP) project, a 60 million imperial gallons per day (MIGD) seawater reverse osmosis (SWRO) desalination plant, with a total investment value of AED 1.046 billion. The signing ceremony was held at the Make It In the Emirates exhibition. The agreement was signed by Eng. Mohammed Al Shehhi, Chief Executive Officer of the development and investment arm; Haris Giatsos, Chief Executive Officer of NMDC Infra; and Pedro Almagro, Chief Executive Officer of Lantania Aguas. It was witnessed by Eng. Yousif Ahmed Al Ali, Chief Executive Officer of EtihadWE and Chairman of the ......read full article

UAE GSU shortlisted for three Reuters Energy Industry Awards 2026

Abu Dhabi, May 4, 2026 — Abu Dhabi-based GSU, a Resources Investment company, with a growing renewable energy portfolio across Africa and Central Asia, (GSU) has been shortlisted in three categories at the prestigious Reuters Events: Energy Industry Awards 2026, recognizing its growing impact across clean energy and infrastructure in emerging markets.

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Mazaya partners with Al Ansari Exchange to Expand Member Benefits, Strengthening Financial Accessibility to Members

Abu Dhabi, UAE - 04 May 2026: Mazaya, the membership programme managed by Nirvana Travel & Tourism, has announced the signing of a Memorandum of Understanding (MoU) with Al Ansari Exchange, the UAE’s leading outward personal remittance and foreign exchange company, to provide exclusive financial benefits to Mazaya members across the country. Through this partnership, Mazaya members will benefit from a 50% discount on prepaid cards, enhancing the programme’s everyday value and expanding its offerings into essential financial services. The collaboration reflects a shared commitment to delivering structured, high-impact solutions that strengthen financial accessibility and reinforce the integration of essential services within the Mazaya ecosystem. By extending its benefits into the financial services sector, ......read full article

Fertiglobe Delivers 31% Y-o-Y EBITDA Growth in Q1 2026, Demonstrating Financial and Operational Resilience Amid Challenging Geopolitical Conditions

Q1 2026 revenues rose 32% Y-o-Y to $915 million (+13% Q-o-Q), adjusted EBITDA grew 31% Y-o-Y to $342 million (+15% Q-o-Q) and adjusted attributable net profit almost doubled to $145 million (+98% Y-o-Y, +36% Q-o-Q). Robust Q1 2026 results reflect the resilience of Fertiglobe's globally diversified platform and its ability to capture value in tight market conditions. Urea operating rates across the platform reached 96% in Q1 2026, demonstrating tangible results from the Manufacturing Improvement Plan (MIP) with inventory built to ensure continued customer supply in coming months.  Egyptian operations continued to achieve record-breaking performance in Q1 2026, with no downtime across units and operating rates above 105% at EFC. Own-produced sales volumes were down 12% Y-o-Y due to trade route disruptions from the ......read full article

The Arab Monetary Fund and the Central Bank of the UAE Organize the “Financial Health” Conference on the Occasion of the Arab Financial Inclusion Day Under the Theme: “Financial He

Abu Dhabi, April 27, 2026 The Arab Monetary Fund, in collaboration with the Central Bank of the United Arab Emirates, inaugurated the “Financial Health” Conference in celebration of the Arab Financial Inclusion Day, with the participation of a wide range of regional and international financial institutions. The conference highlighted the strategic transformation in the concept of financial inclusion—from focusing on access to financial services to fostering individuals’ financial health—thereby enhancing their ability to achieve financial stability and economic sustainability. In his opening remarks, H.E. Dr. Fahad M. Alturki, Director General and Chairman of the Board of the Arab Monetary Fund, stated that Arab countries have achieved notable progress in expanding financial inclusion, with ......read full article

EXEED delivers comprehensive Q1 performance across global markets

Riyadh, Kingdom of Saudi Arabia – April 26, 2026: EXEED has closed an active first quarter globally, with its operations under Arabian Heritage Motors by Al Ghurair continuing to build on the Kingdom's position as a priority market. From rigorous product validation to channel expansion and brand building, EXEED has shown the systemic resilience and technological depth that now underpin its growth across key regions, including the Middle East. In January, the brand unveiled its largest flagship showroom in the MENA region in Riyadh. The 5,000-square-metre space offers an immersive environment that brings together product experience and brand culture. A second showroom has since opened in Jeddah, widening Saudi customers' access to EXEED's premium line-up. Beyond the Kingdom, EXEED is making steady progress across ......read full article

ADCB delivered record Q1'26 profit before tax of AED 3.781 billion, up 30% year on year, extending profit growth track record to 19 consecutive quarters

Strong first quarter performance delivered by the effective implementation of strategy, resilient business model and operational continuity through the period. Net profit after tax of AED 3.361 billion translated to a RoAE of 16.3%  Increasingly diversified revenue streams driving 18% YoY and 7% QoQ growth in operating income, with higher contribution from non-interest income, which was up 36% YoY and 27% QoQ, on higher fee and trading income Lowest quarterly cost to income ratio of 25.6% resulting from top-line growth and sustained efficiencies, with operating expenses 8% lower QoQ   Significant increase in net loans to customers of AED 20 billion during the quarter to AED 426 billion, up 5% QoQ and 18% YoY, characterised by a high-quality, well-diversified portfolio ADCB ......read full article

Emrill strengthens executive leadership team with appointment of HR director to advance people strategy and Emiratisation

Emrill, a leading UAE-based integrated facilities management provider, has announced the appointment of Khadija Alhirey as HR director and member of the executive leadership team. In her new role, Alhirey will lead Emrill’s HR function, with a mandate to align people strategy with business objectives, strengthen organisational capability and build a sustainable talent pipeline to support the company’s growth. She will focus on workforce planning, talent development and employee engagement across the organisation. A key priority for Alhirey will be advancing Emiratisation across the business, strengthening the development of local talent and positioning facilities management as a viable long-term career path for UAE nationals. This includes increasing awareness of opportunities within the sector, alongside engagement ......read full article

Masdar: 20 years of powering the world's clean energy future

Founded in 2006 by His Highness Sheikh Mohamed bin Zayed Al Nahyan, Masdar was a bold bet on renewables when the world still doubted them. Since its launch, Masdar has helped transform renewables into the world's most cost-competitive, rapidly deployable power source Today, Masdar is one of the world's largest clean energy developers, with 65+ gigawatts of portfolio capacity and a clear path to 100GW by 2030 Now pioneering the next frontier: round-the-clock gigascale renewable power in Abu Dhabi, a blueprint for the intelligence age, ready to scale globally   Abu Dhabi, United Arab Emirates – April 23, 2026: Abu Dhabi Future Energy Company PJSC – Masdar is marking 20 years of leadership in renewable energy. Two decades ago, when renewable energy was nascent and unproven at scale, the UAE made a ......read full article

Amlak Finance announces AED 735 million dividend distribution

Dividend payout highlights the company's effective asset optimization, and strong financial foundation Dubai, United Arab Emirates: April 22, 2026: Amlak Finance PJSC ("the Company") has announced that its shareholders have approved an AED 735 million dividend, equivalent to a rate of AED 49 fils per share. This decision represents a historic milestone, reinforcing Amlak's solid financial foundation and its ongoing commitment to delivering shareholder value. The dividend payout total value of AED 735 million, representing 49% of the share capital, follows strong FY 2025 results. Amlak reported a net profit after income tax of AED 1.47 billion for the year that ended 31 December 2025, a substantial increase from AED 12 million in the same period in 2024. Total income for the full year 2025 significantly rose to AED ......read full article

du reports Q1 2026 Results delivering a strong start to the year

Revenue and profitability momentum continues into 2026 with 6.9% revenues growth, 49.5% EBITDA margin and 15.5% net profit growth Strong operational performance and robust business continuity despite the exceptional operating environment Dubai, UAE – 22 April 2026 – Emirates Integrated Telecommunications Company PJSC (“du”) today announced its financial results for the first quarter ended 31 March 2026, marking a strong start to the year despite some weakness observed in March. Performance in January and February was excellent, reflecting effective execution across du’s core businesses and the resilience of its operating model. March was impacted by an unusual convergence of external factors including regional geopolitical developments. Against this backdrop, du delivered resilient financial ......read full article

EGA to acquire majority stake in Italian aluminium recycling firm Eco Green, advancing global expansion strategy

Abu Dhabi, United Arab Emirates, 21 April 2026: Emirates Global Aluminium (EGA), the largest industrial company in the United Arab Emirates outside oil and gas and the world's biggest producer of 'premium aluminium', today announced its intention to acquire an 80 per cent stake in Italian aluminium recycling company Eco Green. The acquisition, which remains subject to regulatory approvals, marks the latest milestone in EGA's global expansion and accelerates the company's growth in aluminium recycling across Europe. Eco Green specialises in aluminium scrap collection, sorting and casting, and dross processing, distributing a total of more than 70 thousand tonnes per year. The company's plant in Villafranca di Verona in northeast Italy collects, sorts and distributes approximately 23 thousand ......read full article

ScottishPower and Masdar set UK record for biggest blade install at East Anglia THREE offshore windfarm

First turbine installed at ScottishPower and Masdar's £4 billion East Anglia THREE offshore windfarm, featuring 115-metre blades – the biggest manufactured and used in the UK All 285 blades for the 14MW turbines are being manufactured in the UK at Siemens Gamesa's factory in Hull When complete, the 1.4 GW East Anglia THREE project will produce enough clean power for more than 1.3 million homes London/Abu Dhabi, 21 April 2026: ScottishPower and Masdar's East Anglia THREE offshore windfarm has set a UK offshore wind record with the installation of its first turbine – the first in the UK to feature 115 metre blades, each one longer than a Premier League football pitch. All 285 of the record-breaking blades for the project's 95 turbines are being manufactured in the UK at Siemens Gamesa's ......read full article

Record Profit of D 1B in Q1 2026.

RAKBANK is well positioned for growth​ with strong profitability, provision coverage, and capital​ Ras Al Khaimah, United Arab Emirates, April 20, 2026 - The National Bank of Ras Al Khaimah (RAKBANK) today reported its financial results for the first quarter of 2026 Across all products and services for our Corporate, SME, and Retail Clients. We remain open for business, supporting customers through short-term disruption while continuing to support their long-term ambitions. All-time high quarterly profit after tax Supported by industry leading net interest margin of 4.0% & CASA ratio of 65.6% and boosted by the gain on sale of the merchant acquiring business of d 473M. Robust balance sheet growth with ample liquidity​ Business momentum in Q1'26 was supported by ......read full article

EDB Reaches AED 1 Billion in Monthly Approvals, Anchoring the UAE's Industrial Resilience

Abu Dhabi, UAE – 20 April 2026: Emirates Development Bank (EDB), the key financial engine for the UAE's economic diversification and industrial transformation, today announced a landmark strategic milestone, recording AED 1 billion in monthly financing approvals. This scale of capital deployment reinforces the UAE's position as a global economic safe haven. While international markets navigate shifting trade dynamics and geopolitical complexities, EDB is actively executing a long-term vision to guarantee the nation's economic resilience. By systematically financing large-scale industrial projects, EDB is ensuring that the UAE's core infrastructure and supply networks remain robust, resilient, and entirely self-sufficient for decades to come. H.E. Ahmed Mohamed Al Naqbi, Chief Executive Officer of ......read full article

UAE's GSU Expands Renewable Energy Portfolio Across Africa and Central Asia in 2025

Abu Dhabi, UAE – 17 April, 2026 — Abu Dhabi-based Global South Utilities (GSU), a Resources Investment company, said in a statement today, highlighting its 2025 milestones across Africa and Central Asia, that it expanded its renewable energy portfolio across the two regions, supplying electricity to more than 500,000 homes. GSU’s 2025 milestones reflect a year of execution across complex and underserved markets, where GSU delivered projects on accelerated timelines across diverse operating environments. In countries where energy access remains inconsistent, the company’s work has increasingly focused on bringing reliable power closer to the communities that depend on it. The activity signals a shift from standalone developments to a more integrated model spanning generation, manufacturing, and market ......read full article

Sukoon announces 55% discount on car insurance for uae army, police and firefighers

April 16th, 2026 Dubai, United Arab Emirates (UAE) Sukoon Insurance today announced a landmark initiative offering up to 55% discount on motor insurance premiums for all active UAE Armed Forces personnel, Police Officers, and Firefighters. The exclusive discount, timed to coincide with the UAE’s upcoming 55th anniversary, is a continuation of Sukoon’s recently launched "We stand by the UAE" campaign. As a locally founded institution deeply rooted in the fabric of the nation, Sukoon is uniquely positioned to understand and support the communities it serves. The initiative serves as a tangible expression of solidarity and gratitude to the frontline heroes who ensure the safety, security, and resilience of the country especially during complex geopolitical times. Julien Audrerie, Head of Consumer Lines and Marketing ......read full article

EDB Injects AED 20M Daily to Sustain UAE Business Operations and Market Stability

Abu Dhabi, UAE – 13 April 2026: Emirates Development Bank (EDB), the UAE's key financial engine for economic diversification, today announced it is actively deploying an average of AED 20 million in financing every single day to ensure that businesses across the nation continue to operate without disruption. In a fast-moving global environment where supply chain delays and sudden market shifts can immediately impact business operations, EDB is one of the UAE's tool to support current market needs. This daily injection of financing support is designed specifically to solve immediate liquidity needs on the ground. By delivering cash into the hands of manufacturers, tech firms, and food producers rapidly, EDB guarantees that factories keep running, raw materials are purchased on time, and the UAE's domestic supply ......read full article

Deerfields Mall records 11% footfall growth in Q1, reinforcing its position as a leading community driven retail destination in Abu Dhabi

Abu Dhabi, UAE - Deerfields Mall has delivered a strong start to 2026, recording an 11 percent year on year increase in total footfall during the first quarter. The performance reflects the strength of the mall’s fundamentals and its deep-rooted connection with its surrounding communities, further reinforcing Abu Dhabi’s position as a stable and attractive retail market. March alone recorded a 10 percent increase in visitor numbers, highlighting consistent momentum and the mall’s growing role as a key destination for social, dining, and lifestyle experiences. This growth was largely driven by the Ramadan and Eid Al Fitr period, where the mall recorded a sustained uplift in footfall supported by the successful execution of its Epic Savings campaign. Offering compelling value across fashion, home, and essential ......read full article

Federal Tax Authority Obtains Corporate Ethical Procurement and Supply Certification for Third Consecutive Year

Dubai, UAE, 5 April 2026: The UAE’s Federal Tax Authority (FTA) has today announced that, for the third consecutive year, it has received the “Corporate Ethical Procurement and Supply” Certification, awarded by the Chartered Institute of Procurement & Supply (CIPS), a leading global organisation specialising in procurement and supply chain standards. This achievement reflects the Authority’s commitment to applying high standards of integrity, transparency, and governance in the management of procurement and supply operations, in line with international best practices. The FTA is the first tax authority globally to receive this certification and has been included in the Corporate Ethics Register, reinforcing its position in institutional governance. The certification is considered among the leading ......read full article

TotalEnergies and Masdar to form $2.2 billion Joint Venture to Accelerate Renewable Energy Growth in Asia

Binding agreement to merge onshore renewable activities in nine countries across Asia Each company will contribute assets of comparable value, totaling 3 GW of operational capacity and 6 GW under advanced development Abu Dhabi-headquartered platform positions partners to capture Asia's growing electricity demand Paris/Abu Dhabi, 2 April 2026 – TotalEnergies, a global integrated multi‑energy company, and Abu Dhabi Future Energy Company PJSC – Masdar, a global clean energy leader, have signed a binding agreement to establish a $2.2bn 50/50 joint venture (JV) that will merge their onshore renewable activities in nine countries across Asia. As electricity demand accelerates across Asia, this partnership brings together capital and expertise to deliver renewable energy at the ......read full article

ADNOC distribution shareholders approve final 2025 dividend, bringing total annual payout to $700 million

Shareholders approved a final dividend of $350 million (10.285 fils per share) for H2 2025, to be paid in April 2026, with the full-year 2025 dividend yield of 5.4% ADNOC Distribution will move to quarterly dividends in 2026, with the first quarterly dividend for Q1 2026 expected to follow the H2 2025 payment, subject to Board approval Extension of ADNOC Distribution's dividend policy through 2030 received shareholder approval providing continued visibility for shareholders in line with the Company's policy Since the IPO, the Company has distributed $5.5 billion in dividends and delivered shareholder returns of 112% Abu Dhabi, UAE – April 1, 2026: ADNOC Distribution (ISIN: AEA006101017) (Symbol: ADNOCDIST), the UAE's leading mobility and convenience retailer, today announced shareholder approval of ......read full article

Mubadala Energy Secures Southwest Andaman Exploration Block, Further Strengthening Its Andaman Sea Position

100% operated award consolidates Mubadala Energy's position as the leading explorer and operator in one of Southeast Asia's most emerging prospective deepwater gas basins Abu Dhabi, 26 March 2026 – Mubadala Energy, the Abu Dhabi-headquartered international energy company, today announced the award of the Southwest Andaman exploration Production Sharing Contract (PSC) under Indonesia's Gross Split scheme. The block was awarded by Direktorat Jenderal Minyak dan Gas Bumi (DG MIGAS) as part of the Second Bid Round 2025. Mubadala Energy will hold a 100% participating interest and will operate the block. Situated immediately adjacent to Mubadala Energy's existing Andaman acreage, the Southwest Andaman block is a strategic addition to the company's Andaman position alongside its South Andaman, Central ......read full article

Hotpack honors outstanding talent and innovation at ‘CEO Excellence Awards 2026'

Dubai, UAE – March 23, 2025: Hotpack, the UAE-based leader in sustainable packaging solutions, hosted its annual ‘CEO Excellence Awards 2026’ recently in Dubai, in recognition of the outstanding contribution of individual employees, teams and projects across the operations of the company. The ‘CEO Excellence Awards’ has been instituted to identify talents, and team works that performed leadership, innovation, and operational excellence contributing to Hotpack’s overall growth and success. The event brought together employees from all divisions, celebrating their achievements and fostering a culture of recognition and excellence. The awards were presented by Mr. Abdul Jebbar PB, Founder, Group CEO & Managing Director of Hotpack, alongside Mr. Zainudeen PB, Co-Founder, Group COO & ......read full article

Wio Bank PJSC reports AED 61 billion assets and record revenue of AED 1.24 billion in FY2025

In its third full year of operations, Wio Bank reported net profits of AED 622 million, reflecting 57% growth over 2024 More businesses and individuals chose Wio as their primary bank, with customer deposits soaring to AED 57 billion Wio ranked as the most loved bank in the UAE across segments, with an NPS of 75 for Wio Business and 76 for Wio Personal, the highest in the industry Wio's robust balance sheet, impressive profitability, and strong shareholder base give it resilience and support the focus on long-term strategy Abu Dhabi, UAE – 17 March 2026: Wio Bank PJSC (“Wio”) reported a strong financial performance in FY2025, reflecting continued customer adoption and the expansion of its digital banking platform across the UAE. In its third full year of operations, the bank recorded AED 1.24 ......read full article

Al Mal Capital REIT Announces Final Dividend Distribution of 3.75 Fils per Unit for H2 FY2025

Dubai, UAE, 16 March 2026 – Al Mal Capital REIT (“AMCREIT”), the first REIT listed on DFM, regulated by the UAE’s Capital Market Authority, and managed by Al Mal Capital PSC (“Al Mal Capital”), a subsidiary of Dubai Investments PJSC, announced today that the REIT will distribute a final dividend of 3.75 fils per unit for the second half of the financial year ended 31 December 2025, amounting to a total distribution of AED 26,295,540 million (as against AED 19,270,871 for six months ended 30 June 2025). The distribution, in line with AMCREIT’s Investment Policy and CMA regulations, is declared on the enhanced capital base of AED 701,214,386 following the successful Follow-On Public Offering completed in 2025 and reflects an annualized return of 7.5% to unitholders. The expected payment date for ......read full article

TAQA Shareholders Elect New Board of Directors; Board appoints H.E. Jassem Mohammed Bu Ataba Al Zaabi as Chairman

TAQA shareholders approve updated dividend policy for 2026-2028 Abu Dhabi, UAE – 13 March 2026 – Abu Dhabi National Energy Company PJSC (“TAQA” or the “Group”), one of the largest listed integrated utilities companies in Europe, the Middle East and Africa, today announced that its shareholders have confirmed the composition of its new Board of Directors following the Company’s Annual General Assembly. Shareholders also approved the Board of Directors’ recommendation for a final cash dividend of 2.20 fils per share for the fourth quarter of 2025, comprising a fixed dividend of 1.5 fils per share and a variable dividend of 0.70 fils per share. This brings the total dividend for the financial year ended 31 December 2025 to 4.45 fils per share, equivalent to ......read full article

EGA delivers strong underlying financial performance and record sales in 2025

Abu Dhabi, United Arab Emirates, 27 February 2026: Emirates Global Aluminium, the largest 'premium aluminium' producer in the world, and the largest industrial company in the United Arab Emirates outside the oil and gas sector, today announced the closing of a $5 billion multi-tranche debt financing. The transaction supports EGA's strategic initiatives by enhancing liquidity and providing additional financial flexibility to execute long-term plans, while further strengthening the company's balance sheet and debt maturity profile. The financing combined conventional and Shariah-compliant facilities arranged with a group of 21 leading regional and international banks, including term loans and revolving credit facilities with tenors of up to five years. The transaction attracted strong interest from ......read full article

Exus Renewables to acquire stake in Masdar's Portuguese wind portfolio

Exus to acquire 60 percent stake in portfolio of nine wind farms located in northern and central Portugal Masdar is repowering the portfolio, which will increase total operational capacity to 164MW, with plans to codevelop 110MW of additional solar capacity Agreement will support both companies' expansion plans, while accelerating Portugal's energy transformation 27th February 2026, Lisbon, Portugal – Exus Renewables, a leading global energy solutions provider, has signed an agreement with Abu Dhabi Future Energy Company PJC – Masdar, a global clean energy leader, to acquire a 60 percent stake in a portfolio of nine wind farms in Portugal. Masdar will retain a 40 percent stake in the portfolio.  The operational capacity of the portfolio, located in Guarda and Castelo Branco, is ......read full article

EGA delivers strong underlying financial performance and record sales in 2025

Strong underlying financial performance supported by favourable aluminium prices. Underlying EBITDA up 7 per cent to AED 9.28 billion ($2.53 billion). Record metal sales of 2.83 million tonnes, with 81 per cent as value-added 'premium aluminium', including record low-carbon primary and recycled aluminium sales up 70 per cent to 196 thousand tonnes. Strategic growth advanced with plans for a new US smelter and a significant expansion of global aluminium recycling capacity. Signed a landmark initiative with TAQA, DUBAL Holding and EWEC to decarbonise aluminium production and accelerate the development of renewable and clean energy. Strong underlying cash generation enabled a dividend payout of AED 3.7 billion ($1 billion) to shareholders, representing a payout ratio of 75 per ......read full article

e& delivers record revenue and net profit in FY 2025 growing consolidated revenue 23% to AED 72.9 billion

Consolidated net profit reached AED 14.4 billion, growing 34 per cent Year-over-Year e&’s subscriber base increased to 244.7 million across Asia, Africa, Middle East, Central and Eastern Europe Full year dividend per share of 90 fils that will increase to 95 fils in 2026 Hatem Dowidar the Group CEO will step down at the end of March after 6 years in the role Masood M. Sharif Mahmood will take over on April 1st as the Group CEO, in addition to his current role as CEO of e& UAE. Abu Dhabi, 24 February 2026: e& has delivered record financial performance in 2025, reporting consolidated revenues of AED 72.9 billion, an increase of 23.1 per cent year-over-year (YoY).   Consolidated net profits grew to AED 14.4 billion, growing 33.6 per cent, driven by progress across its business verticals. ......read full article