Global Muslim travel is forecast to reach 208 million arrivals in 2026, driven by AI-powered trip planning and digital trust. GMTI says destinations must digitise Muslim-friendly services, while the UAE ranks sixth globally among leading Muslim-friendly destinations.
CHERY, a leading car manufacturer, has confirmed plans to introduce its Super Intelligent Parking technology to the UAE market, reinforcing its commitment to bringing advanced smart driving solutions to local customers.
Saudi-based Qiddiya Investment Company (QIC) has awarded a SAR4.3 billion ($1.1 billion) construction contract to Taj Dhabi, the local unit of UAE-based Trojan Construction, for the development of a purpose-built racecourse sprawling over 1.3 million sq m on the outskirts of Riyadh, said a report.
Air Arabia, a low-cost carrier in the Middle East and North Africa, launched its new double daily non-stop service between Sharjah International Airport and London Gatwick Airport. The inaugural flight departed on July 4.
Bahrain-based investment bank SICO has announced the successful completion of the merger of its key subsidiary, SICO Funds Services Company, into the bank, thus marking the final phase of its strategic integration initiative designed to further boost its integrated operating model.
The UAE and Egypt have agreed to gradually expand bilateral air traffic rights over the next five years under a phased framework aimed at meeting rising travel demand, creating new opportunities for airlines and strengthening economic integration between the two countries.
Taqa, Abu Dhabi National Energy Company, has issued a $750 million Blue Bond to support sustainable water and wastewater management projects, marking the largest Blue Bond ever issued by an integrated power and water utility and the biggest in the Europe, Middle East and Africa (EMEA) region.
Adnoc Drilling posted record second-quarter and first-half 2026 results, with first-half revenue rising 4 per cent to $2.46 billion and net profit increasing 2 per cent to $706 million, supported by strong operational performance and cash generation.
The UAE banks' gross assets improved by 1.1% from AED5,570.1 billion ($1516.71 billion) at the end of April 2026 to AED5,633.1 billion at the end of May 2026, said a UAE Central Bank report.
CB&I’s Asset Solutions business has secured a well engineering services contract with Cosmo E&P Albahriya to support drilling, planning and operational activities for Offshore Block 4 in Abu Dhabi, strengthening its UAE presence.
