Author: Admin
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DP World Reports 13.1% Revenue Growth in First Half of 2026
DP World reported revenue of US$12.7 billion for the first half of 2026, marking a 13.1% year-on-year increase as the company’s diversified global portfolio helped it navigate significant disruption to trade flows across the Middle East. Growth across Logistics, Marine Services and international Ports and Terminals helped offset lower activity at Jebel Ali, where regional…
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Riyadh Air Expands Global Network with Pakistan and Philippines Routes
Riyadh Air is expanding its international network with new services to Pakistan and the Philippines, strengthening Riyadh’s position as a growing global aviation hub. The Saudi carrier will launch flights to Islamabad, Lahore and Manila from August and September 2026, targeting strong expatriate demand while improving connectivity through Riyadh. Riyadh Air New Routes to Pakistan…
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Emaar Properties Earnings Outlook: Analysts Turn More Cautious on 2026 Profit
Emaar Properties PJSC (DFM: EMAAR) delivered second-quarter results that were broadly in line with analyst expectations, but the market response was subdued. The company reported revenue of approximately AED 12 billion and statutory earnings per share (EPS) of AED 0.42. Following the results, Emaar’s shares declined 5.6% over the subsequent week to AED 11.14. While…
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Etihad Expands African Network Through Three New Airline Partnerships
Etihad Airways is accelerating its expansion across Africa through three new airline partnerships with carriers in Zimbabwe, Nigeria and Ghana, strengthening connectivity between Abu Dhabi and key markets across the continent. The airline has signed an interline agreement with Fastjet Zimbabwe, followed by a partnership with Nigeria’s Air Peace and a broader cooperation agreement with…
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Emirates Flights to Bahrain, Kuwait Remain Suspended as Etihad and Qatar Airways
Emirates flights from Dubai to Bahrain and Kuwait remain suspended, even as fellow Gulf carriers Etihad Airways and Qatar Airways have resumed services following weeks of disruption linked to the regional conflict. Emirates had earlier announced that flights to the two destinations would remain suspended until at least August 6. However, no Emirates-operated services to…
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Gulf Shipping Traffic Holds Steady as Markets Watch Iran Peace Efforts
Shipping activity through two of the world’s most strategically important maritime passages, the Strait of Hormuz and the Bab el-Mandeb, remained largely unchanged on Tuesday despite continued uncertainty surrounding diplomatic efforts to end the conflict between the United States and Iran. According to ship-tracking data from Kpler, eight vessels transited the Strait of Hormuz during…
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Saudi Aramco Raises August LPG Prices as Global Demand Strengthens
Saudi Aramco has increased its official selling prices (OSPs) for liquefied petroleum gas (LPG) for August, reflecting stronger demand across global energy markets. The Saudi Arabian state-owned energy giant raised the prices of both propane and butane by $40 per metric tonne, according to market traders. Under the revised pricing, propane will be sold at…
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Aboard the $250 Million Superyacht: How Abbas Sajwani Is Building Dubai’s Next Luxury Real Estate Empire
Just days before the Monaco Grand Prix, Abbas Sajwani welcomed guests aboard Amadea, his 348-foot superyacht anchored off the coast of Monaco. The vessel, valued at around $250 million, was acquired from the U.S. government in a confidential auction last September after it had been seized from alleged Russian oligarch Suleiman Kerimov three years earlier.…
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Cityscape West KSA to Debut in Jeddah, Strengthening Saudi Arabia’s Western Real Estate Market
Jeddah: The Cityscape brand is expanding its footprint in Saudi Arabia with the launch of Cityscape West KSA, a new real estate exhibition dedicated to the Kingdom’s Western Region. Backed by the Ministry of Municipalities and Housing (MOMAH), the event is designed to build on the success of the Cityscape Global series while creating a…
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IMF: AI Could Lift Saudi Arabia’s GDP Growth by Up to 6%, Accelerating Vision 2030 Goals
The International Monetary Fund (IMF) has projected that the widespread adoption of artificial intelligence (AI) could boost Saudi Arabia’s gross domestic product (GDP) growth by as much as 6% in the years ahead, underscoring the Kingdom’s rapid digital transformation and its growing position as a global AI powerhouse. In its latest assessment, the International Monetary…