Business
AD Ports Group Posts Record Q2 Profit on Revenue Surge
AD Ports Group's Q2 net profit jumped 88 percent to $227.6 million as revenue rose 47 percent, driven by acquisitions and rerouted cargo.
The latest business reporting and analysis from Dubai and the UAE.
AD Ports Group's Q2 net profit jumped 88 percent to $227.6 million as revenue rose 47 percent, driven by acquisitions and rerouted cargo.
Space42 wins ADX approval to buy back 2.5% of its shares as first-half 2026 revenue rises 15% to $260 million on satellite contracts.
Parkin's Q2 2026 revenue hit $99.1 million as its Dubai parking portfolio expanded 27 percent, with developer parking and seasonal cards driving growth.
GCC sukuk liquidity has caught up with conventional bonds, with UAE and regional debt markets showing steady recovery through August.
UAE and Ecuador officials meet in Quito to advance CEPA implementation, aiming to boost non-oil trade and open new investment channels.
ADGM's financial regulator and the UAE's gaming authority sign an MoU to coordinate supervision, boosting regulatory certainty across the financial ecosystem.
DP World's UAE and global port network posted 13.1% revenue growth in H1 2026, even as Jebel Ali volumes softened and EBITDA slipped.
Dubai ready-home sales jumped almost 20% in July to their highest level since February, per ValuStrat and Cavendish Maxwell data.
UAE Islamic finance assets hit $381.2 billion across 43 institutions, placing the country third worldwide as new laws reshape the sector.
Abu Dhabi Finance Week's fifth edition, set for December 2026, will draw over 35,000 participants and 200-plus global finance speakers.
