DUBAI / GULF TIME Binghatti Holding Limited announced record-breaking financial results for the first quarter ended 31 March 2026, marking the company’s 10th consecutive record quarter, driven by strong sales execution, disciplined operations, and sustained demand across its diversified real estate portfolio. The company reported a net profit of AED 1.43 billion, representing a 73% year-on-year increase, while revenue rose …

ABU DHABI/WAM The UAE Ministry of Defence announced that on Sunday, May 10, 2026, UAE air defence systems successfully engaged 2 UAVs launched from Iran. Since the onset of these blatant Iranian attacks, UAE air defenses have engaged a total of 551 ballistic missiles, 29 cruise missiles, and 2,265 UAVs. No martyrs, fatalities, or injuries have been reported in the …

MUSCAT/WAM Data issued by the Statistical Centre for the Cooperation Council for the Arab Countries of the Gulf indicate that the GCC economies recorded positive and balanced performance during the third quarter of 2025, with the non-oil sector leading balanced growth alongside the continued structural shift toward diversifying sources of income. The data indicate that the nominal GDP of the …