Tecom Group, the creator of specialised business districts and vibrant communities, has delivered solid results for Q1, recording a net profit of AED755 million ($201 million), up 11% over last year driven by strong demand across its specialised business districts as well as commercial and industrial portfolios.
Alvarez & Marsal (A&M), a leading global professional services firm, has published a strategic roadmap designed to accelerate industrial localisation across the GCC region through disciplined policy frameworks, deep technology transfer and ecosystem orchestration.
AD Ports Group, a leading global enabler of trade, industry and logistics solutions, has signed a memorandum of understanding (MoU) with Azerbaijan Transport and Communications Holding (AZCON Holding) to explore strategic collaboration across ports, shipping, logistics, and digital trade solutions in Azerbaijan.
Gulf Petrochemicals and Chemicals Association (GPCA) signed an MoU with IRU, the world road transport organisation, to improve cross-border transport of dangerous goods. The partnership focuses on safety, efficiency, sustainability, training, and fuel efficiency.
The International Air Transport Association (IATA) reported that in March 2026, global air cargo demand, measured in cargo tonne-kilometres (CTK), fell by 4.8% compared to March 2025, with international operations down 5.5%.
Saudi Basic Industries Corporation (Sabic), a global leader in chemicals, returned to profit in the first quarter of 2026, posting a net profit attributable to shareholders of SAR13.2 million ($3.52 million) compared with a SAR1.21 billion ($322 million) loss a year earlier, according to the company's Tadawul filing.
Saudi Arabia's National Gas and Industrialisation Holding Company (Gasco), a leading company in LPG solutions industry, said it has secured the go-ahead from the General Authority for Competition (GAC) to proceed with its planned acquisition of a 50% stake in Jacko Gases, a key provider of gas requirement service in the kingdom.
Fertiglobe, the world’s largest seaborne exporter of urea and net ammonia combined and the largest nitrogen fertilizer producer in the MENA region, reported strong revenues of $915 million for Q1 2026, reflecting a 32% Y-o-Y increase.
Abu Dhabi's non-oil foreign trade rose 36 per cent in 2025, exceeding AED415.4 billion ($113.11 billion) compared with approximately AED306 billion in 2024, Abu Dhabi Customs said.
The UAE’s decision to exit Opec and Opec+ marks a significant turning point in global oil markets, said a leading market analyst, highlighting shifting geopolitical dynamics and evolving supply expectations. The UAE is leaving the alliance effective May 1, ending nearly six decades of membership.
