United Arab Emirates
United Arab Bank posts AED 75 million net profit in Q1 2026
Strong asset growth and disciplined strategy drive a solid performance for UAB amid global market uncertainty.
Danish shipping group Maersk is diverting its ME2 container service away from the Red Sea and Gulf of Aden, rerouting the vessels around the Cape of Good Hope.
The Cape of Good Hope © Mena Today
Danish shipping group Maersk is diverting its ME2 container service away from the Red Sea and Gulf of Aden, rerouting the vessels around the Cape of Good Hope, the company said in an advisory to clients on Monday.
The ME2 service links Italy and the western Mediterranean Sea to the east coast of India and the United Arab Emirates. The decision comes as Houthi attacks continue in the Red Sea.(Reuters)
Strong asset growth and disciplined strategy drive a solid performance for UAB amid global market uncertainty.
With global energy markets in turmoil and the world scrambling for alternatives to Gulf supplies, Algeria has moved decisively, launching an international bidding round for new hydrocarbon concessions at precisely the right moment.
In a deal that could redraw regional trade routes and unlock the full potential of Jordan's vast mineral wealth, Amman and Abu Dhabi have signed a landmark $2.3 billion railway agreement, one of the most significant infrastructure partnerships the Middle East has seen in years.
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