Business & Money | Thursday 13 August, 2026 4:12 pm

AIREV, Qualcomm to advance autonomous AI across enterprise, government environments

AIREV, the Abu Dhabi-based creator of the OnDemand autonomous AI platform, has entered into a strategic agreement with Qualcomm Technologies Ltd. Through this collaboration, the OnDemand platform will be integrated with Qualcomm Dragonwing products, including the Qualcomm Dragonwing AI On-Prem ...

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Business & Money | Thursday 13 August, 2026 3:49 pm

With AED 1.4 trillion in assets, 43 institutions, UAE solidifies its position as global hub for Islamic finance and Halal industry

The UAE is solidifying its position as a leading global hub for Islamic finance and the Halal industry through an integrated strategic ecosystem comprising legal, Shari'ah, and regulatory frameworks, as well as governance systems led by the Central Bank of the UAE (CBUAE). This approach...

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Business & Money | Thursday 13 August, 2026 3:47 pm

TAQA reports net income of AED4.1 billion for H1 2026

Abu Dhabi National Energy Company PJSC (TAQA) on Thursday announced its financial results for the six-month period ended 30th June 2026, reporting revenues of AED27.5 billion and higher profitability, driven particularly by increased returns from TAQA Transmission and TAQA’s Generation...

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Business & Money | Thursday 13 August, 2026 3:45 pm

PIF publishes 2026-2030 strategy document

The Public Investment Fund (PIF) published today, Aug. 12, its strategy document for 2026-2030, which was approved by the fund’s board in mid-April. Under the strategy, PIF will focus on building highly competitive domestic economic ecosystems, enhancing integration across sectors,...

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Business & Money | Thursday 13 August, 2026 12:41 pm

Saudi Arabia among top 10 AI investors: World Bank

Saudi Arabia ranks among the world's top 10 countries for private investment in artificial intelligence (AI), the World Bank said in its World Development Report 2026: Promise of AI Intelligence. The report also identified Saudi Arabia as one of the leading destinations for AI talent in 2025,...

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Business & Money | Thursday 13 August, 2026 12:34 pm

Acwa signs $400M deal to develop desalination plant in Indonesia

ACWA Power (Acwa) signed a joint development agreement with PT GARAM, Indonesia’s state-owned salt producer, to develop the country’s first integrated seawater desalination and industrial salt production facility. The salt production facility will be developed under a build-own-operate...

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Business & Money | Thursday 13 August, 2026 12:05 pm

472 projects worth SAR 233.2B awarded in 2025: SCA

The total value of projects in Saudi Arabia’s construction sector reached about SAR 233.2 billion in 2025, spread across 472 projects, according to the Saudi Contractors Authority’s (SCA) annual report. The total value of projects in Saudi Arabia’s contracting sector reached about SAR...

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Business & Money | Wednesday 12 August, 2026 5:35 pm

ADNIC reports resilient H1 2026 performance with net profit before tax of AED225.1 million

Abu Dhabi National Insurance Company (ADNIC) today announced its financial results for the first half of 2026, reflecting disciplined underwriting, strategic diversification and continued international expansion despite a challenging operating environment. The Group delivered a net profit...

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Business & Money | Wednesday 12 August, 2026 5:31 pm

ADNOC's listed companies deliver $25.3 billion in H1 2026 revenue as major growth projects advance

ADNOC’s listed companies delivered combined revenue of $25.3 billion (AED93.0 billion) in the first half of 2026, while advancing a series of major growth investments that strengthen the earnings outlook across the portfolio. Collectively, ADNOC Distribution, ADNOC Drilling, ADNOC Gas, ADNOC ...

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Business & Money | Wednesday 12 August, 2026 5:29 pm

Ras Al Khaimah real estate transactions reach AED2.89 billion in H1 2026

The Lands and Properties Sector at Ras Al Khaimah Municipality recorded real estate transactions worth around AED2.89 billion from January to June 2026, comprising sales, mortgages and waivers. Data showed that property sales reached AED1.353 billion across 1,274 transactions, while registered ...

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