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Sandrine Zimra

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UAE economy hits $517 billion as non-oil sectors power ahead

United Arab Emirates

UAE economy hits $517 billion as non-oil sectors power ahead

The United Arab Emirates posted robust economic growth of 6.2% in 2025, with real GDP reaching 1.9 trillion AED ($517 billion), according to data released Sunday by the Federal Competitiveness and Statistics Centre.

UAE economy resilient and growing as new sectors drive momentum

United Arab Emirates

UAE economy resilient and growing as new sectors drive momentum

The UAE economy has demonstrated remarkable resilience in the face of global geopolitical turbulence and is set for continued robust growth in the years ahead, driven by the sectors shaping tomorrow's economy, digital infrastructure, artificial intelligence, sustainability and transformation.

ADNOC's listed companies hold firm

United Arab Emirates

ADNOC's listed companies hold firm

ADNOC's six listed subsidiaries posted a resilient first quarter, generating combined revenues of $11.8 billion, EBITDA of $3.7 billion and net profit of $2.2 billion, a strong set of numbers for a period marked by extraordinary disruption in the Strait of Hormuz.

Saudi budget deficit widens to highest level since 2018

Saudi Arabia

Saudi budget deficit widens to highest level since 2018

Saudi Arabia’s budget deficit widened sharply in the first quarter, reaching its highest level since 2018 as government spending on economic diversification projects continued to rise, Bloomberg reported on Friday.

Emirates Group reports 3% profit rise despite Dubai airport disruption

United Arab Emirates

Emirates Group reports 3% profit rise despite Dubai airport disruption

Emirates Group, owner of the Middle East's largest airline, announced Thursday a 3% rise in annual net profit to $5.7 billion, a resilient performance that underscores the group's ability to navigate one of the most turbulent periods in its history.

ADNOC to invest $55 Billion over next two years

United Arab Emirates

ADNOC to invest $55 Billion over next two years

Abu Dhabi National Oil Company (ADNOC) announced Sunday a commitment to spend $55 billion on new projects over the next two years, a bold opening move in the UAE's new era of energy independence, coming just two days after the Emirates officially withdrew from the OPEC cartel.

Aldar posts strong Q1 results as Abu Dhabi property market stays resilient

United Arab Emirates

Aldar posts strong Q1 results as Abu Dhabi property market stays resilient

Aldar Properties, Abu Dhabi's largest real estate developer and asset manager, has reported robust first-quarter 2026 results, with net profit after tax climbing 20% year-on-year to AED 2.3 billion ($626 million), on revenues of AED 8.7 billion ($2.4 billion).

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