Friday , 14 August 2026

News

UAE President and King of Bahrain discuss fraternal ties and regional developments

ABU DHABI / WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan and His Majesty King Hamad bin Isa Al Khalifa of the Kingdom of Bahrain discussed the longstanding fraternal ties between the two countries and ways to further strengthen cooperation across various fields, particularly the economy and development, in support of mutual priorities and interests. The discussions …

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MAIR Group Reports 14.8% Increase in H1 2026 Net Profit, Supported by Revenue Growth and a Resilient Business Model

ABU DHABI / GULF TIME MAIR Group PJSC (ADX: MAIR) (“MAIR” or the “Group”), a strategic investment company focused on grocery retail and commercial real estate in the UAE, announced its condensed consolidated interim financial results for the six-month period ended 30 June 2026 (“H1 2026”). All figures are in AED million, unless otherwise stated H1’26 H1’25 YoY (%) Q2’26 …

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Over 5,300 Emirati youth invest AED4.3bn in Sharjah’s real estate sector

ABU DHABI / WAM Investments by Emirati youth in Sharjah’s real estate sector reached a cumulative value of AED 4.3 billion as of August 2026, through 7,052 properties traded by 5,314 young individuals. This reflects their growing position as strategic partners and their strong confidence in the attractiveness of the emirate’s economic and legislative environment. The statistical figures released by …

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Emirates Global Aluminium net profit reaches AED2.46bn in H1

ABU DHABI / WAM Emirates Global Aluminium (EGA) on Wednesday announced resilient financial performance in the first half of 2026, despite logistical and geopolitical disruptions arising from the regional conflict in the Gulf since March. EGA delivered Adjusted Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) of AED4,506 million ($1,227 million), up 11 percent compared with AED4,065 million ($1,107 million) …

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DCT Abu Dhabi achieves GCC first with international innovation

ABU DHABI / WAM The Department of Culture and Tourism – Abu Dhabi (DCT Abu Dhabi) has become the first tourism board in the GCC region to receive both GIMI Innovation Level 3 Accreditation and GIMI Future Foresight Level 2 Accreditation from the Global Innovation Management Institute (GIMI), a US-based organisation that sets international standards for innovation management. Saeed Ali …

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Tabreed reports AED1.13bn in revenues in H1 of 2026

ABU DHABI / WAM National Central Cooling Company PJSC (TABREED) on Tuesday announced its financial and operational results for the six-month period ending on 30th June 2026, reporting revenue of AED1.13 billion and net profit of AED192 million. Tabreed delivered revenue growth of 2 percent year-on-year during the first half of 2026, supported by fixed capacity charges, ongoing capacity expansion, …

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NMA announced as ‘National Partner’ of Arab Media Summit 2026

DUBAI / WAM The National Media Authority has been named ‘National Partner’ of the Arab Media Summit 2026, which is set to take place in September under the patronage of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, and under the directives of HH Sheikh Ahmed bin Mohammed bin Rashid Al Maktoum, …

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ADNOC L&S posts record Q2 net profit of $951mn

ABU DHABI / WAM ADNOC Logistics and Services plc (ADNOC L&S), on Tuesday reported record second quarter (Q2) and first-half (H1) 2026 results, surpassing market expectations and demonstrating resilience and operational strength underpinned by strong performance from services supporting the delivery of energy from the UAE to the world. ADNOC L&S delivered Q2 2026 revenue of US$2,584 million (AED 9,490 …

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Season 12 of Prince of Poets draws 1,500 entries from 38 nations

ABU DHABI / WAM The Abu Dhabi Heritage Authority has closed the registration for Season 12 of Prince of Poets, following a month-long application period from 7th July to 6th August 2026. This season attracted more than 1,500 entries from male and female poets representing 38 countries. The broad and diverse participation in the new season reflects a rich variety …

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