Emirates Central Cooling Systems Corporation (Empower) has recorded solid results for the first half of 2026 with a 16.2% jump in its net profit, while its revenue rose to AED1.52 billion ($413 million) mainly driven by the growing demand for cooling services across Dubai.
UAE-based BNW Developments has announced plans to develop around 10,000 homes across Dubai and Ras Al Khaimah over the next four years as it expands its footprint in the UAE, with Indian investors emerging as a key contributor to its growth strategy.
SAB Invest has announced the launch of a new open-ended, shariah-compliant public fund designed to provide investors with access to a concentrated portfolio of exceptional global companies expected to benefit from long-term structural growth trends backing Vision 2030's goals.
Presight AI Holding, a global leader in AI and data analytics, has reported revenue growth of 36.1% for the second quarter, which soared to AED713.2 million ($194 million), while its profit after tax registered a 30.2% growth over last year despite a dynamic regional operating environment.
Zain Group, a leading telecommunications services company in the region, has announced that its first-half net profit rose 73% year-on-year to KD220 million ($717 million), boosted by gains from strategic investments, while revenue surged 5% to hit KD1.14 billion ($3.68 billion).
Dewa International, the overseas investment arm of Dubai Electricity and Water Authority, is pursuing global growth through new tie-ups with international financial and infrastructure investors. Its senior leadership held a meeting with ING and Actis in London to explore opportunities in power and water projects.
Abu Dhabi's real estate transactions more than doubled in value during the first half to hit AED117 billion ($32 billion) mainly driven by strong growth in property sales and foreign investment, said a report. The total number of property deals for the period surged by 61.7% to 25,714.
Presidio Investors, a key private equity firm, has announced the sale of US-based ElevATE Semiconductor to Nasdaq-listed Diodes Incorporated for $250 million. Based in California, ElevATE is a leading designer of low-power, high-density integrated circuits for the automated test equipment industry.
The number of business licences issued and renewed in the northern emirate of Sharjah rose 2% year-on-year to 38,169 during the first half of 2026. Commercial licences accounted for the lion’s share of the new registrations hitting 2,514, followed by 1,407 professional licences and 276 industrial licences.
IHC, a global investment company focused on building dynamic value networks, continued to execute its strategy of disciplined investment, portfolio expansion and active value creation across its diversified portfolio of businesses in the second quarter of this year.
