ADNOC Drilling, a key unit of Abu Dhabi National Oil Company (ADNOC), has reported its strongest-ever first-quarter earnings, with a revenue of $1.23 billion, up 5% year-on-year, and a net profit of $347 million, backed by high fleet utilisation and growth in integrated drilling services.
Dubai-based logistics firm Aramex has delivered tremendous results for Q1 with its group revenues soaring to hit AED1.6 billion ($436 million) for the three-month period, despite the geo-political challenges. Additionally, its performance for the first two months topped business plan expectations across key products and markets
The Qatari Ministry of Defence has reported that a commercial cargo vessel in the country's territorial waters - northeast of Mesaieed Port- was targeted by a drone on Sunday morning.
The GCC economies posted robust growth in the third quarter of 2025, driven by the non-oil sector as the region’s sustained push to diversify income sources gained further momentum.
Dubai Chamber of Commerce, one of the three chambers operating under the umbrella of Dubai Chambers, recorded 30,697 membership renewals during April 2026.
Oman’s Public Authority for Special Economic Zones and Free Zones (OPAZ) signed a usufruct agreement with Korean EV technology company EL B&T to establish an electric vehicle and battery cell production project in Duqm’s special economic zone, with investments estimated at $250 million.
The UAE General Civil Aviation Authority (GCAA) has transitioned Archer’s Midnight aircraft into a Restricted Type Certificate (RTC) programme, advancing the regulatory path for the aircraft's entry into service in the UAE.
Aramex, a leading global provider of comprehensive logistics and transportation solutions, reported group revenues of AED1.6 billion in Q1 2026, up 2% year-on-year (YoY) from AED1.56 billion ($424.78 billion) in Q1 2025.
The UAE's non-oil foreign trade with Türkiye surpassed $45.2 billion in 2025, marking a 15.5% year-on-year increase, it was revealed as a top level official delegation visited Türkiye to expand the relationship.
The May edition of the Global Trade Update shows that while tariffs rose sharply in 2025, they have not been the main obstacle to trade over the past decades. The biggest costs now come from non-tariff measures such as technical regulations, health and safety requirements.
