News

DUBAI / WAM Dubai Aerospace Enterprise (DAE) Ltd announced on Wednesday a net profit of US$102.2 million for the first quarter of 2026, marking a 19.11 percent increase compared to US$85.8 million recorded during the same period in 2025. The company reported profit before tax of $120.4 million, compared to $101.2 million in the corresponding period last year. Revenue rose …

DUBAI / WAM TECOM Group PJSC announced its financial results for the first quarter of 2026, delivering revenues of AED755 million, representing an 11 percent year-on-year (YoY) increase, alongside a 12 percent increase in recurring net profit to AED403 million, compared to AED361 million in Q1 2025. EBITDA increased 13 percent YoY to AED610 million, delivering an 81 percent margin, …

DUBAI / WAM Dubai International Financial Centre (DIFC), the leading global financial centre in the Middle East, Africa and South Asia (MEASA) region, today announced strong momentum during the first three months of 2026, attracting new global, regional and local clients. 775 new companies established their regional presence in DIFC during the first three months of 2026, reflecting the Centre’s …

DUBAI / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, has approved the launch of the National Programme to Strengthen Supply Chain Resilience in the UAE. The programme is expected to boost economic security, supporting the UAE’s global competitiveness and reinforcing the nation’s long‑term capacity for adaptability and sustainability. The programme …

ABU DHABI / WAM His Highness Sheikh Mansour bin Zayed Al Nahyan, Vice President, Deputy Prime Minister, and Chairman of the Presidential Court, received today at Qasr Al Watan in Abu Dhabi, Dmitry Patrushev, Deputy Prime Minister of the Russian Federation. During the meeting, they discussed ways to enhance cooperation between the United Arab Emirates and the Russian Federation across …

DUBAI/WAM The UAE Circular Economy Council held its first meeting of 2026, chaired by Abdulla bin Touq Al Marri, Minister of Economy and Tourism. The meeting took place at Barakat Quality Plus Group, which specialises in the production of fresh foods and juices. Attended by council members representing government, private sector, and academic entities, the meeting discussed the latest developments …

ABU DHABI/WAM Abu Dhabi Islamic Bank (ADIB) sustained its positive momentum in Q1 2026, delivering strong financial performance across the group. According to financial results, the bank recorded a year‑on‑year increase of 8%, with net profit before tax reaching AED 2.1 billion in the first quarter, up 2.3% compared to the previous quarter. The earnings growth reflects healthy balance sheet …

ABU DHABI/WAM Statistics released by Abu Dhabi Customs reveal a significant rise in the emirate’s non-oil foreign trade in 2025, increasing by 36 percent to exceed AED415.4 billion, compared with approximately AED306 billion in 2024. This growth reflects Abu Dhabi’s leading position as one of the world’s fastest-growing economies in external trade, driven by expanding commercial activity and strengthened economic …

ABU DHABI/WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan met His Majesty King Hamad bin Isa Al Khalifa of the Kingdom of Bahrain, who is on a visit to the UAE, in the presence of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, and His Highness Sheikh Mansour bin …

AL AIN / WAM H.H. Sheikh Hazza bin Zayed Al Nahyan, Ruler’s Representative in Al Ain Region, has received a delegation from the Department of Community Development and Abu Dhabi Social Support Authority, along with representatives of partner entities and institutions concerned with the social sector in the emirate. The meeting reviewed key programmes and initiatives aimed at strengthening family …