Latest Business and Economy News from Dubai

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 news

Investor-facing gulf water security draws fresh attention as Qatar explores decentralised supply solutions

A new Oxford Business Group Global Platform feature highlights the role of emerging technologies in building long-term water resilience across the MENA regionDoha, April 6, 2026: With the United Nations repeatedly ranking Qatar as the country most at risk of water scarcity globally, the Gulf's relationship with water has never been more urgent. A new Global Platform video by Oxford Business Group examines how Qatar — and the broader MENA region — is confronting a stark paradox: world-class desalination infrastructure that is also a single point of vulnerability, and why diversifying into decentralised solutions is no longer optional.Produced in partnership with Skydrops Sustainable Water Technologies, the video explores the role of alternative water sources within Qatar’s established desalination-based ......read full news

Trinasolar upgrades Vertex N G3 modules to 760W, enhancing performance in high-demand scenarios

United Arab Emirates, 06 April: Trinasolar has unveiled its newly upgraded Vertex N G3 modules on 25th March. Leveraging its advanced n-type i-TOPCon Ultra technology, the Vertex N G3 modules now deliver a maximum power output of 760W, setting a new benchmark for mass-produced TOPCon modules. Full-scale commercialization is expected in Q3 this year.The Vertex N G3 achieves a performance leap through four core technologies: Ultra cell platform technology boosts higher power and bifaciality; multi-cut technology and edge passivation technology reduce current losses, and enhance shading and hot-spot performance; and ultra-high density packaging technology improves efficiency and energy yield.Powered by these innovations, the Vertex N G3 modules feature seven key ......read full news

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 news

ZATCA Urges Establishments to Submit March 2026 Withholding Tax Forms

Riyadh, April 05, 2026, SPA -- The Zakat, Tax and Customs Authority (ZATCA) has called on establishments subject to withholding tax in the Kingdom to submit their March 2026 withholding tax forms by April 10, 2026.Submissions must be completed via the authority's website at zatca.gov.sa to avoid a late payment penalty of 1% of the unpaid tax for every 30 days past the due date.The authority also invited business sector taxpayers seeking further information on withholding tax to contact its unified call center at 19993, available 24/7, or to reach out through X at @Zatca_Care, by email at info@zatca.gov.sa, or via live chat on the official website.Withholding tax applies to payments made from Saudi sources to non-resident entities that do not have a permanent local establishment, at rates stipulated in the Income Tax Law.

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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 demandParis/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 news

Burgan Bank Concludes its Campaigns Carried Out During the Holy Month of Ramadan and Joyous Eid Al-Fitr, Reaffirming its Commitment to the Nation and its Community Despite the Exce

The Bank organized a number of initiatives and events while postponing other activities in tune with current developmentsKuwait, 1 April 2026Amid the exceptional circumstances that reshaped the priorities for community engagement, Burgan Bank concluded its 2026 Ramadan campaign and Eid Al-Fitr initiatives, reaffirming its continued commitment to its national role and responsibility toward society.While the Bank organized a number of initiatives and events at the beginning of the holy month, it postponed some of its traditional annual activities and gatherings that typically take place during the second half of the month, in tune with current developments and out of concern for everyone’s safety. This Bank further expressed its deep appreciation for the dedication of the nation’s protectors and frontline personnel ......read full news

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 news

Funding Gate Enables SMEs to Expand, Grow

Riyadh, March 31, 2026, SPA -- The Small and Medium Enterprises Bank (SME Bank) continues its role in empowering the SMEs sector through the Funding Gate, which was launched as a digital platform that connects enterprises with financing entities, enabling them to access suitable financing solutions and enhance opportunities for growth and expansion.The gate also aims to provide multiple financing options through a unified platform that connects enterprises with financing entities, allowing business owners to review all available financing offers and select the most appropriate solutions. The total value of funds provided through the gate has exceeded SAR36 billion since its establishment.The Funding Gate is linked to more than 50 financing partners, including commercial banks, non-banking financial companies, ......read full news

Global study shows energy industry ramping up investment in autonomous operations by 2030 as AI reshapes performance

Study of 400 senior energy and chemicals leaders across 12 countries signals a tipping point: the sector is racing towards almost 50% full automation by 2030 with close to a third of operations already fully autonomous. 59% warn that delaying adoption will drive up operating costs, as the sector races to manage inflation and a retiring workforce Gulf Cooperation Council (GCC) and Asia lead on current adoptions levels with North America planning the most aggressive acceleration, fueled by AI-driven energy demand and expanding data center footprintDubai (UAE)/ Cairo (Egypt)/ Riyadh (KSA), March 31, 2026 – Schneider Electric, a global energy technology leader, has unveiled new research highlighting a powerful combination of pressures pushing autonomous operations to the top of the agenda for the ......read full news

Saudi Stock Exchange Ends Trading Higher

Riyadh, March 30, 2026, SPA -- The Saudi Stock Exchange main index ended trading higher today, gaining 90.87 points to close at 11,167.27 points. The total value of trading reached SAR6 billion, with 298 million shares traded.The Saudi Parallel Market Index (NOMU) ended higher, gaining 131.44 points to close at 22,883.26 points. Trading value on NOMU reached SAR24 million, with more than 3.3 million shares traded.

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SIB launches strategic rights issue to raise gross proceeds of up to AED 2.59 billion

Sharjah, 30 March 2026: Sharjah Islamic Bank PJSC (“SIB” or the “Bank”) during its Annual General Meeting (“AGM”) held on 9 March 2026 has approved to increase its capital through a strategic rights issue aimed at raising gross proceeds of up to AED 2.59 billion. This initiative marks a decisive step to accelerate the pace of the Bank’s strong organic growth and deliver substantial long-term value for shareholders.The rights issue provides shareholders with an opportunity to participate in the Bank’s continued success, through the subscription for new shares. This strategic initiative will serve the interests of the Bank and its shareholders by enhancing capacity to achieve significant asset growth, whilst remaining ahead of evolving regulatory requirements as the Bank continues to ......read full news

Burgan Bank Shareholders Approve 6 Fils Cash Dividend and 5% Bonus Shares for 2025

At the 62nd Annual General Assembly MeetingKuwait, 29 March 2026 – Burgan Bank K.P.S.C. (“Burgan Bank” or “the Bank”) held its 62nd Annual General Assembly Meeting on Saturday, 28 March 2026, at its headquarters, with a quorum of 83.122% of shareholders present, exceeding the minimum threshold of more than 50% as prescribed by regulatory guidelines and the Bank’s bylaws.During the meeting, shareholders reviewed the Bank’s financial results and operational performance for the fiscal year ended 31 December 2025, and approved the distribution of cash dividend of 6 fils per share, in addition to bonus shares of 5% (five shares for every 100 shares owned), in line with the Bank’s commitment to delivering sustainable returns to its investors while maintaining strong capital and ......read full news

Gold Prices Jump over 3%

New York, March 28, 2026, SPA -- Gold prices increased by over 3% today on dip-buying after a pullback earlier this week as investors looked for signs of de-escalation in the conflict in the Middle East.Spot gold rose 3.6% to $4,536.29 per ounce, while US gold futures for April delivery also increased by 3.6%, reaching $4,533.70.In addition to gold, other precious metals saw significant gains: spot silver surged 4.4% to $71.01 per ounce, platinum rose 3% to $1,882.05, and palladium climbed 3.7% to $1,403.54.

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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 basinsAbu 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 news

Dubai Investments Reports 31% Growth in Profit Before Tax to AED 1.70 billion for the Year Ended 31 December 2025

Dubai, UAE, March 25, 2026: Dubai Investments PJSC, the leading diversified investment company listed on the Dubai Financial Market (DFM), reported a profit before tax of AED 1.70 billion for the fiscal year ended 31 December 2025, representing a 31% increase compared to AED 1.30 billion in the previous year.Net profit after tax attributable to shareholders increased to AED 1.55 billion, compared to AED 1.21 billion in the previous year.The Group’s total income stood at AED 4.63 billion in 2025, reflecting a stable revenue base supported by contributions across its diversified business segments, including real estate, investments and manufacturing. Rental income increased to AED 1.19 billion, accounting for approximately 25.7% of total income, supported by the Group’s income‑generating asset base.Dubai ......read full news

National Bank of Fujairah PJSC (NBF) posted its third consecutive year of record results; surpassing the AED 1.2 billion net profit milestone for the first time in our history to d

24 March 2026: NBF held its Annual General Assembly Meeting (AGAM) today at the DoubleTree by Hilton, Fujairah, United Arab Emirates, where shareholders approved the Chairman's and Directors' Reports, and the Internal Shari'ah Supervision Committee Report for NBF Islamic, the Islamic banking window of NBF. The bank's consolidated financial statements for the year ended 31 December 2025 were discussed and approved.The bank's shareholders also approved the distribution of profits equivalent to 20% (AED 516.1 million) of share capital in the form of cash dividends .The shareholders confirmed the appointment and remuneration of the bank's external auditors, PricewaterhouseCoopers ('PwC') for the year 2026.Additionally, the bank's Board of Directors were elected for the next three years and ......read full news

Makhazen Reports FY 2025 Results

Solid Performance as Company Completes Strategic Transformation24 March 2026 – Makhazen, the new operating brand of Agility Public Warehousing Company KSCP, today announced its financial results for the year ended 31 December 2025.For FY 2025, Makhazen reported net profit from continuing operations of KD 49.3 million, or 19.31 fils per share, an increase of 13.1% compared to the same period last year. EBITDA increased 37.8% to KD 83.1 million and EBIT increased 42.9% to KD 74.9 million, while revenue stood at KD 151.5 million, these results reflect solid performance across the Group's operating businesses.As of December 31, 2025, Makhazen total assets stood at KD 1.1 billion and equity attributable to shareholders stood at KD 569.9 million. Net debt stood at KD 199 million.2025 PerformanceIn a pivotal ......read full news

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 news

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 strategyAbu 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 news

KIB's AGM approves 8% cash dividend and 5% bonus shares for the year 2025

Kuwait, 16 March 2026: Kuwait International Bank (KIB) held its Annual General Meeting (AGM) and Extraordinary General Meeting (EGM) on Monday, 16 March 2026, with 76.05% of shareholders in attendance. During the meeting, all agenda items of both the Ordinary and Extraordinary General Meetings were approved, including the Board of Directors’ recommendation to distribute cash dividends at a rate of 8% of the nominal value per share (8 fils per share) and 5% bonus shares (5 shares per 100 shares) for the year ended 31 December 2025.While giving an overview of the KIB Group’s financial performance and achievements, Sheikh Mohammed Jarrah Al-Sabah, Chairman of KIB, stated: “Despite global economic challenges and the rapid pace of technological transformation, KIB, by the grace of Allah, has delivered a strong and ......read full news

KIB facilitates “Eidiya” access across branches and ATMs ahead of Eid Al Fitr

Kuwait, 16 March 2026: In preparation for Eid Al Fitr, Kuwait International Bank (KIB) announced the availability of its annual Eidiya service across its network of branches and ATMs throughout Kuwait. Through this service, KIB aims to provide customers with convenient access to Eidiya in various denominations, supporting their Eid preparations while reaffirming the Bank’s commitment to delivering accessible and customer-focused banking solutions.Commenting on the initiative, Nawaf Al-Khrayef, Deputy General Manager of Retail Banking at KIB, said: “We extend our warmest wishes to the leadership and people of Kuwait as we approach Eid Al Fitr. At KIB, we continuously work to offer practical banking solutions that simplify everyday transactions and align with their lifestyles. The Eidiya service reflects our commitment to ......read full news

talabat proposes share buyback programme and mandates appointment of a liquidity provider

Share buyback programme of up to 5% of the Company’s issued share capital over a period of up to two years from the date of shareholder approval Reinforces commitment to enhancing shareholder value as part of the Company’s capital allocation framework and confidence in talabat’s growth outlook Shareholders will also vote to approve the final proposed 2025 dividends of USD 219 million (3.450 fils per share) at the AGM scheduled on 13 April 2026, bringing total 2025 dividends to USD 421 million (6.638 fils per share) Board mandates the appointment of a liquidity provider to enhance trading liquidityDubai, UAE, 16 March 2026: Talabat Holding plc (“talabat” or the “Company”), the leading on-demand online ordering and delivery platform in the MENA region, announces that its Board of ......read full news

Majid Al Futtaim Reports Record FY 2025 Results with 41% Net Profit Growth and Strongest Balance Sheet in over a Decade

Key Highlights: Reported 10% increase in EBITDA, reaching AED 5.1 billion, the first time the company has exceeded AED 5 billion, and a 6% increase in revenue to AED 35.9 billion. Increased net profit by 41% to AED 3.6 billion including valuation gains. Achieved net profit growth of 48% reaching AED 2.3 billion excluding valuation gains. Generated AED 3.5 billion in free cash flow; net debt reduced by 15% to AED 11.9 billion with net debt-to-equity improving to 32%. Expanded its loyalty ecosystem with SHARE surpassing 10 million members while driving higher engagement through two new co-branded credit cards. Grew its UAE revenue by 11% exceeding AED 22 billion. Delivered 6% increase in revenue from its shopping malls and hotels business to AED 4.8 billion as footfall and tenant performance continued to ......read full news

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 news

Qatar Insurance Company Holds Annual General Assembly and Extraordinary General Assembly Meetings

Shareholders approve 11% cash dividend distribution for FY2025Doha, Qatar – 15 March 2026 – Qatar Insurance Company (QIC), the leading insurer in Qatar and the MENA region, held its Annual General Assembly (AGM) and Extraordinary General Assembly (EGM) meetings on Thursday, 12 March 2026, virtually via Microsoft Teams. The meetings were chaired by His Excellency Sheikh Hamad bin Faisal bin Thani Jassim Al Thani, Chairman of the Board of Directors of Qatar Insurance, and were attended and participated in by members of the Board, executive management, shareholders, and representatives of regulatory authorities.During the AGM, shareholders reviewed and approved the Board of Directors’ report on the Company’s activities and financial position for the financial year ended 31 December 2025, as well as the ......read full news

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 2026-2028Abu 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 news

Invictus Investment publishes 2025 ESG report

Third publication demonstrates continued progress in embedding ESG principles across the company's rapidly scaling agro-food operationsDubai, United Arab Emirates, 12 March 2026: Invictus Investment Company PLC (ADX: INVICTUS), a leading holding company specialised in agro-food commodities across the Middle East and Africa, today announced the publication of its third Environmental, Social and Governance (ESG) report for the 12 months ended December 31, 2025. Prepared in accordance with the Global Reporting Initiative (GRI) Sustainability Reporting Standards, ADX ESG Disclosure Guidance and the UN Sustainable Development Goals, the report reflects the continued steps being taken to grow responsibly and embed sustainability across the business, including within newly acquired entities. The company's progress is ......read full news

talabat proposes share buyback programme and mandates appointment of a liquidity provider

Share buyback programme of up to 5% of the Company’s issued share capital over a period of up to two years from the date of shareholder approval Reinforces commitment to enhancing shareholder value as part of the Company’s capital allocation framework and confidence in talabat’s growth outlook Shareholders will also vote to approve the final proposed 2025 dividends of USD 219 million (3.450 fils per share) at the AGM scheduled on 13 April 2026, bringing total 2025 dividends to USD 421 million (6.638 fils per share) Board mandates the appointment of a liquidity provider to enhance trading liquidityDubai, UAE, 12 March 2026: Talabat Holding plc (“talabat” or the “Company”), the leading on-demand online ordering and delivery platform in the MENA region, today announces that its Board ......read full news

Schneider Electric Joins Forces with Tradeling to Accelerate Digital Distribution of Electrical and Industrial Automation Products across the UAE

Collaboration marks Tradeling's entry into new product category, bringing Schneider Electric’s Lauritz Knudsen (LK) and Industrial Automation solutions to B2B buyers through innovative hybrid route-to-marketDubai, UAE, March 12, 2026 - Schneider Electric, a global energy technology leader, today announced that it is collaborating with Tradeling, the MENA region’s largest B2B digital ecosystem, backed by the Dubai Integrated Economic Zones Authority (DIEZA). The two parties inked an agreement formalizing synergies at Schneider Electric’s Dubai office, The NEST, marking a new chapter in digital B2B commerce for the electrical and industrial automation sectors.Tradeling is now authorized to distribute a comprehensive portfolio of Lauritz Knudsen (LK)-branded electrical products alongside ......read full news

Fortinet Report: 1300% Surge in AI-Driven Cyber Fraud

Saudi Arabia Leads Banking Cyber Readiness in the Middle East and Africa A recent technical report revealed a significant escalation in cyber risks facing financial institutions across the Middle East and Africa, driven by the accelerating pace of digital transformation and the expanding reliance on cloud infrastructure and advanced technologies. The report indicated a global increase of 1300% in fraud operations based on Deepfake technology during 2024, with a growing trend toward targeting digital banking services and mobile banking through phishing attacks and AI-driven digital identity impersonation.External PartiesThe report titled 'Cybersecurity for the Banking Sector in the Middle East and Africa 2026', issued by Fortinet, the global cybersecurity leader driving the convergence ......read full news

Saudi Stock Exchange Ends Trading Higher

Riyadh, March 08, 2026, SPA -- The Saudi Stock Exchange main index ended trading higher today, gaining 230.87 points to close at 11,007.19 points. The total value of trading reached SAR5.6 billion.The Saudi Parallel Market Index (NOMU) also ended higher, gaining 113.33 points to close at 22,610.31 points. The trading value on NOMU reached SAR11 million, with over 1.3 million shares traded.

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KIB confirms the continued delivery of its banking services with high efficiency

Kuwait, 7 March 2026: Kuwait International Bank (KIB) continues to provide its banking services to customers as usual across its various channels, while maintaining full operational readiness to ensure services continue efficiently and reliably.In light of the current circumstances facing the country, KIB confirms that its banking systems and technological infrastructure are operating at full readiness, enabling customers to conduct their transactions easily and securely through its branch network and various digital channels.Prioritizing the safety of its customers and employees, KIB has activated its business continuity and risk management plans in line with approved procedures. These measures ensure operational stability and the uninterrupted delivery of services, in accordance with the directives of the Central Bank of ......read full news

Ooredoo Kuwait Approves Record Cash Dividend of 150 Fils Per Share

• Shareholders approve 2025 financial results with 93% attendance• Earnings per share reach 154 fils• Chairman Sheikh Nasser bin Hamad bin Nasser Al-Thani: 56% profit growth reflects our long-term commitment to shareholders• CEO Abdulaziz Yaqoub Al-babtain: Strategic partnerships position Ooredoo at the forefront of technology in line with Kuwait Vision 2035Kuwait – 7th March 2026Ooredoo Kuwait has approved a record cash dividend of 150 fils per share, the highest in the company’s history, following the approval of shareholders during its Ordinary and Extraordinary General Assembly meeting for the fiscal year ending December 31, 2025.The meeting was held on Wednesday, 4 March 2026, at the company’s headquarters with 93% shareholder attendance.The session was chaired by board ......read full news

Flir to Reveal Advanced Decarbonization and Asset Protection Solutions at Energy Exchange Australia 2026

As Australia’s energy sector faces intensifying pressure to slash methane emissions and harden infrastructure against evolving climate risks, Flir is arriving at Energy Exchange Australia (EXA) 2026 with a suite of 'invisible' defence technologies.From March 10–12 at the Perth Convention & Exhibition Centre, the global leader in thermal imaging will transform Booth N30 into a hub for predictive maintenance and environmental stewardship. This year’s showcase also reflects the growing demand from Australia’s mining sector, where methane reduction, equipment reliability, and remote‑area monitoring have become critical operational priorities.The centrepiece of the showcase addresses the industry’s most pressing hurdle: methane mitigation. Flir will demonstrate the G-Series and the ......read full news

ZATCA Urges Establishments to Submit February Withholding Tax Forms by March 10

Riyadh, March 05, 2026, SPA -- The Zakat, Tax and Customs Authority (ZATCA) has urged establishments subject to withholding tax to submit their tax forms for February 2026 no later than March 10, 2026.Submissions must be completed via the official website (zatca.gov.sa) to avoid late penalties, which are calculated at 1% of the unpaid tax for each 30-day delay.Withholding tax applies to payments made from Saudi sources to non-resident entities without a permanent local establishment, as per the rates defined in the Income Tax Law.

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Double Recognition at the Asian Telecom Awards in Singapore Ooredoo Kuwait Wins Telecom Company of the Year for the Third Time

Abdulaziz Yaqoub Al-Babtain Named CEO of the Year 2026Kuwait – 5 March 2026:In a new milestone reflecting its continued excellence and leadership journey, Ooredoo Kuwait proudly announced that it has won two prestigious awards at the 2026 Asian Telecom Awards. The company was crowned “Telecom Company of the Year” for the third consecutive year, while Abdulaziz Yaqoub Al-Babtain was named “CEO of the Year 2026.”This recognition reaffirms the strength of the company’s institutional strategy, the effectiveness of its executive leadership, and its outstanding performance within the global telecommunications sector.Ooredoo Kuwait was honored at one of the industry’s most prominent international gatherings during a distinguished ceremony held at the Marina Bay Sands Expo & ......read full news

Emrill wins five company and individual honours at Wasl Annual FM Rewards and Recognition Event

Emrill, a leading integrated facilities management provider in the UAE, has been recognised with five awards at the Wasl Annual FM Rewards and Recognition Event, held in February 2026. The annual event, hosted by Wasl, one of Dubai’s largest real estate management and development companies, celebrates outstanding performance, service excellence and operational achievement across its facilities management partners and service providers.At the event, Emrill was named Best Facilities Management Service Provider Company of the Year, recognising its overall performance throughout 2025 across Wasl’s diverse portfolio of residential, commercial and mixed-use assets. The award reflects the organisation’s highest customer satisfaction ratings and strongest Voice of Customer (VOC) results among all service providers. ......read full news

Orient Insurance Board Approves AED 500 Million Cash Dividend for 2025

Dubai, United Arab Emirates; 2 March 2026: Orient Insurance, a subsidiary of Al-Futtaim, announced that its Board of Directors approved the distribution of cash dividends during its meeting on 2 March 2026. The approved dividend amounts to 100% of the company’s share capital, with a total value of AED 500 million (equivalent to AED 100 per share) for the financial year 2025.Orient Insurance delivered strong financial results for the year ended 31 December 2025, reporting a record net profit of AED 836 million, representing a 14% increase compared to AED 731 million in 2024. The company also recorded significant growth in gross written premiums, which rose by 19% to approximately AED 11 billion in 2025, compared to AED 9 billion in 2024.

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Burgan Bank Celebrates Kuwait National Day with a Campaign Honoring Actions that Shaped the Nation

The Bank’s people-centric tribute garnered millions of views, reflecting strong national engagement across generationsKuwait, 25 February 2026 – Building on the recent launch of its brand refresh and the reintroduction of its core brand narrative, ‘Driven by You’, Burgan Bank recently concluded its 2026 National Day campaign under the title: ‘Thank You for the Good That Shaped Our Nation’. The campaign stood as a natural extension of the Bank’s renewed identity, placing people at the center of progress, purpose, and national pride.At its core, the initiative reflected a simple yet powerful belief: Kuwait’s story has always been written through action, effort, loyalty, and the individuals whose contributions — quiet or visible — have shaped the nation’s path ......read full news

ICICI Prudential Asset Management Company Limited Inaugurates it's DIFC Branch

Expands Global Footprint to Connect with Global InvestorsDubai, February 28, 2026: ICICI Prudential Asset Management Company Limited (ICICI Prudential AMC), one of India’s largest asset management company, today inaugurated its branch in Dubai International Financial Centre (‘DIFC’), marking a significant step in its overseas expansion strategy and reinforcing its commitment to serving institutional and wealth investors across the Gulf Cooperation Council (GCC)and Africa region. The DIFC presence will serve as a strategic hub for ICICI Prudential AMC international business, enabling closer engagement with sovereign institutions, family offices, private banks, wealth platforms and distribution partners across the GCC and Africa region. The office was inaugurated by His Excellency Arif Amiri, Chief ......read full news

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 news

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 transformation27th 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 news

Building the Future: HMH's Commitment to People, Planet, and Partnerships

Dubai, UAE (February 25, 2026) – In an era where the hospitality industry is being called upon to lead by example, HMH continues to strengthen its commitment to sustainable growth by embedding environmental responsibility, people-first values, and collaborative partnerships at the core of its operations.HMH’s approach to sustainability is neither symbolic nor episodic. It is a rigorously structured commitment that spans corporate governance, operational execution, and long-term strategic planning. Central to this framework is the group’s adherence to internationally recognized standards, including ISO 14001 for environmental management, ISO 9001 for quality management, and ISO 22000 for food safety management systems. Collectively, these certifications underscore HMH’s commitment to environmental ......read full news

Dukhan Bank Partners with Talabat to Offer Up to 50% Off Orders During Ramadan

Doha, Qatar – 25 February 2026: Dukhan Bank has launched a special Ramadan campaign in partnership with Talabat, one of the region’s leading delivery platforms. The initiative further strengthens the Bank’s digital payment ecosystem by integrating exclusive cardholder benefits within a widely used lifestyle application, offering customers seamless, secure, and rewarding transactions throughout the holy month.Running until March 19, the campaign offers Dukhan Bank Visa Infinite credit cardholders a 50% discount (up to QAR 50) when paying for their orders on the Talabat app using their credit card and the promotional code 'Dukhan50'. Meanwhile, Visa Signature credit cardholders can get a 30% discount (up to QAR 30), when applying the promotional code 'Dukhan30'.The offer applies app-wide across ......read full news

Schneider Electric to Advance Energy Technology to Power Intelligence at Innovation Summit Middle East & Africa

·Summit to convene Global AI, Technology Leaders, Government Officials for Insightful Thought Leadership Sessions; to Recognize Dedicated Partners and Stakeholders·Event Runs from April 28-29 Under the Theme 'Advancing Energy Tech to Power Intelligence' and is expected to welcome 2000+ business leaders and market innovators from across the regionAbu Dhabi, UAE, February 26, 2026 – Schneider Electric, a global energy technology leader, today announced that the second edition of the Innovation Summit Middle East & Africa will be held in Abu Dhabi from April 28–29, 2026. The summit will bring together global energy and technology leaders as well as government officials to advance the regional shift towards energy intelligence, as data center growth, AI adoption, and national visions place ......read full news

QIC Crowned “Insurer of the Year” in the Middle East and North Africa at the MENA II Awards 2026

Doha, Qatar – 26th February 2026: Qatar Insurance (QIC), the leading insurer in Qatar and the Middle East and North Africa region, has been crowned “Insurer of the Year” in the region at the MENA II Awards 2026. The company has also been named “Motor Insurer of the Year” in the region, in addition to winning the “Insurer of the Year” in Qatar title for the fifth consecutive year.This prestigious recognition highlights QIC’s role in reshaping the insurance landscape across the MENA region, and its success in building the region’s first insurance-powered digital ecosystem. In this context, QIC became the first and only company to offer seamless access to both insurance and non-insurance services through a single platform, including all insurance products, mobility, travel, and ......read full news

Sultan bin Ahmed launches Invest Bank's new identity

Sharjah 25, February 25, 2026: His Highness Sheikh Sultan bin Ahmed bin Sultan Al Qasimi, Deputy Ruler of Sharjah and Chairman of the Board of Directors of Invest Bank, witnessed on Monday evening the launch of the new corporate identity and the announcement of Invest Bank's financial results at the House of Wisdom.In his speech at the ceremony, His Highness highlighted three milestones that showcase the bank’s transformation. The first is the return to profitability, achieved via immaculate operational execution, a clear vision, and calculated strategic choices. The bank achieved profitability after seven years of losses, with a net profit of AED 161 million, a net operating income of AED 435 million, an annual growth rate of 105%, and an increase in total assets to AED 14.2 billion.His Highness revealed that net ......read full news

Zoho Corporation Surpasses One Million Customers Globally, MENA Region Becomes its Second Fastest-Growing Market

On its 30th anniversary, Zoho Corporation exceeds 150 million users worldwide and records five years CAGR 41% revenue growth in MENADubai, UAE— 25 February, 2026: Zoho Corporation, a leading global technology company, marked its 30th anniversary by announcing two major milestones: the company now supports more than one million paying customers and over 150 million users worldwide. The company — consisting of Zoho, ManageEngine, Qntrl, and TrainerCentral brands— is now a trusted technology provider to more than one million paying customers and over 150 million users globally.In 2025, Zoho Corporation recorded a 32% year-on-year increase in customers and a 20% rise in revenue. Zoho also revealed that the Middle East and North Africa is the company’s second fastest-growing markets globally, which ......read full news

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 news