Abu Dhabi is set to host the world’s second Sphere, a futuristic venue that is transforming live entertainment through its massive spherical design, ultra-high-resolution wraparound screens and cutting-edge multi-sensory technology.
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A cargo ship was sunk off Oman and another vessel was reportedly seized near the United Arab Emirates and taken toward Iranian waters on Thursday, underscoring the continuing disruption to shipping through the Strait of Hormuz as diplomatic efforts to ease tensions showed little sign of success.
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EDGE Group has signed an agreement to acquire a controlling stake in Costruzio ni Motori Diesel — CMD — a leading Italian company specialised in the design, prototyping, and development of advanced propulsion systems for automotive, marine, and aeronautical applications.
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Global Infrastructure Partners (GIP), a part of BlackRock, will partner with L’IMAD, the Abu Dhabi National Oil Company (ADNOC) and Temasek, to launch an infrastructure investment partnership which will capitalise on the growing opportunities across the GCC and Central Asia.
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For years, the technology industry sold artificial intelligence as a miracle solution that would cut costs, eliminate inefficiency and usher in a new era of productivity. But beneath the glossy presentations and billion-dollar valuations lies a more uncomfortable truth: AI is not cheap, writes Emmanuel Abara Benson in an Impact Newswire article.
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Aluminium Bahrain (Alba), the world’s largest aluminium smelter on one site, has reported a profit attributable to equity holders of BD75.3 million ($200.3 million) for the first quarter of 2026, up 316% year-over-year (YoY), versus BD18.1 million ($48.2 million) for the same period in 2025.
Dubai Taxi Company (DTC), a leading provider of comprehensive mobility solutions in Dubai, on Wednesday announced that it has entered into a Sales and Purchase Agreement (SPA) to acquire 100% of the share capital of National Taxi, one of the UAE’s established taxi operators with operations in Dubai, Abu Dhabi, and Al Ain for a total enterprise value of AED1.45 billion ($394.83 million).
Dubai recorded 44,400 real estate transactions with a combined value of AED139.2 billion ($37.9 billion) during the first quarter of this year, according to a transaction analysis conducted by Whitewill, an international luxury real estate agency.
AD Ports Group, a leading global enabler of integrated trade, industry, and logistics solutions, today reported strong revenue and net profit performance in the first quarter of 2026, demonstrating the resilience of its diversified and integrated trade ecosystem.
Aldar and the Department of Municipalities and Transport (DMT) have announced a landmark public-private partnership to deliver new integrated communities spanning more than 20 million square metres across five strategic locations in Abu Dhabi.
His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, said that integrating AI into government work is a strategic priority for the next phase of the new UAE government framework project.
Countries striking side deals with Iran to secure oil and gas shipments through the Strait of Hormuz are raising fresh concerns among Gulf exporters, as the lack of progress in US-Iran peace talks fuels fears that Tehran could entrench its new control over one of the world’s most critical energy corridors.
Dubai Electricity and Water Authority (DEWA), the emirate of Dubai’s exclusive electricity and water services provider, has reported a record revenue of AED6.45 billion ($1.76 billion) for the first quarter of this year.
Leading Saudi developer Retal has secured a key contract from Oman for the development of an integrated residential community on a 1.3 million sq m area within Sultan Haitham City in Muscat. A $830 million project, it will boast over 2,000 residential units as well as other key amenities.
UAE-based National Central Cooling Company (Tabreed) has reported solid results for the first-quarter with a revenue of AED486 million ($132.3 million) and a net profit of AED78 million ($21.2 million) for the three-month period. Its operational performance and cash generation remained resilient for Q1.
UAE-based National Central Cooling Company (Tabreed) has reported solid results for the first-quarter with a revenue of AED486 million ($132.3 million) and a net profit of AED78 million ($21.2 million) for the three-month period. Its operational performance and cash generation remained resilient for Q1.
Abu Dhabi is set to host the world’s second Sphere, a futuristic venue that is transforming live entertainment through its massive spherical design, ultra-high-resolution wraparound screens and cutting-edge multi-sensory technology.
UAE-based National Central Cooling Company (Tabreed) has reported solid results for the first-quarter with a revenue of AED486 million ($132.3 million) and a net profit of AED78 million ($21.2 million) for the three-month period. Its operational performance and cash generation remained resilient for Q1.
For years, the technology industry sold artificial intelligence as a miracle solution that would cut costs, eliminate inefficiency and usher in a new era of productivity. But beneath the glossy presentations and billion-dollar valuations lies a more uncomfortable truth: AI is not cheap, writes Emmanuel Abara Benson in an Impact Newswire article.
Leo & Loona Kids Park has opened at The Avenues Mall Bahrain, introducing one of the region’s leading indoor family entertainment concepts to the Kingdom.
MedLab Training Institute, a UAE-based medical education provider specialising in cadaveric and simulation-based surgical training, has launched its new surgical training facility at Dubai Science Park, the region’s leading science-focused ecosystem and part of TECOM Group.
Emirates Nuclear Energy Corporation (ENEC) signed an agreement with Department of Government Enablement – Abu Dhabi to train and employ UAE Nationals, building specialised skills to support the country’s expanding civil nuclear energy sector.
Snoonu, a fast-growing super-app, has been officially launched in Kuwait, marking a significant step in its expansion across the GCC.
National Bank of Bahrain (NBB) has reported a net profit attributable to shareholders of BHD20.6 million ($54.6 million) for the first quarter ended March 31, 2026, representing a 27% decrease from BHD28.1 million ($74.5 million) reported in the first quarter of 2025 or a 2% increase from the normalised 2025 profit of BHD20.2 million ($53.6 million).
Phoenix Group, an IHC portfolio company and global digital infrastructure operator, has announced a strategic partnership with DC Max to develop its first European AI data center, an 18MW facility in Lyon, France.
Dubai Taxi Company (DTC), a leading provider of comprehensive mobility solutions in Dubai, on Wednesday announced that it has entered into a Sales and Purchase Agreement (SPA) to acquire 100% of the share capital of National Taxi, one of the UAE’s established taxi operators with operations in Dubai, Abu Dhabi, and Al Ain for a total enterprise value of AED1.45 billion ($394.83 million).
Reigning European champions Paris Saint-Germain (PSG) and BEYOND Developments presented an exclusive event in the presence of Marco Verratti, one of the French club’s most decorated midfielders, to celebrate a landmark partnership rooted in culture, design, and a shared ambition to connect people across the world.
His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, said that integrating AI into government work is a strategic priority for the next phase of the new UAE government framework project.
