Business | Latest News | May 2026 News | UAE
Dubai Electricity and Water Authority Reports Record Q1 2026 Revenue and Profit
DEWA announces record revenue of AED 6.45 billion for Q1 2026, driven by strong demand and operational excellence.
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Business | Latest News | May 2026 News | UAE
Raya Contact Center Reports 22.7% Increase in Q1 Net Profit
Raya Contact Center’s net profit rises 22.7% in Q1 2026, reflecting strong revenue growth.
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Business | Latest News | May 2026 News | UAE
Al Baraka Bank Egypt Reports 14.41% Decline in Q1 2026 Profits
Al Baraka Bank Egypt’s Q1 2026 profits fell 14.41% YoY to EGP 816 million, despite a rise in net interest income.
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Business | Latest News | May 2026 News | UAE
Nasdaq Hits New Record High as AI Chip Stocks Surge Despite Global Tension
The Nasdaq Composite Index climbed to a record-breaking 26,274.13 on Monday, gaining 0.10%. Despite a shaky start caused by rising oil prices and political tension between the US and Iran, the tech-heavy index was pushed higher by a surge in AI-related stocks. This marks the sixth week in a row that the Nasdaq has moved…
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Business | Latest News | May 2026 News | UAE
UAE and Syria Launch First Investment Forum to Boost Economic Ties
Damascus recently hosted the inaugural UAE-Syria Investment Forum, marking a significant step in strengthening economic cooperation between the two nations. Led by UAE Minister of State for Foreign Trade, HE Dr. Thani bin Ahmed Al Zeyoudi, the delegation aimed to explore new partnerships across vital sectors like energy, logistics, and technology. Historic Forum: The first…
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Business | Latest News | May 2026 News | UAE
Middle East Visionary Leaders Prioritize Quality and Education
Middle East leaders are coming together to foster a new era of growth through education and inspiration. This movement focuses on connecting visionary minds across the region to build a sustainable future. By prioritizing high standards, the initiative ensures that quality remains at the heart of all developmental efforts. Leadership Growth: Aiming to educate and…
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Business | Latest News | May 2026 News | UAE
UAE and Syria Launch Major Investment Forum in Damascus to Boost Economic Ties
Damascus recently hosted the inaugural UAE-Syria Investment Forum, a landmark event aimed at strengthening economic cooperation and exploring new trade horizons. Led by the UAE Minister of Foreign Affairs, H.E. Dr. Thani bin Ahmed Al Zeyoudi, the delegation arrived to a warm reception, signaling a new chapter in the long-standing historical relationship between the two…
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Business | Latest News | May 2026 News | UAE
Microsoft CEO Satya Nadella Defends OpenAI Investment in Elon Musk Trial
Microsoft CEO Satya Nadella took the stand in an Oakland, California court on Monday to defend his company’s massive investment in OpenAI. The testimony is part of a high-stakes legal battle launched by Elon Musk, who claims the creators of ChatGPT abandoned their original mission to help humanity in favor of chasing profits. The Conflict:…
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Business | Latest News | May 2026 News | UAE
Al Ramz Corp Reports Massive 81% Profit Surge in Q1 2026 Meta Description: Al Ramz Corporation kicks off 2026 with a record-breaking 12.1 million AED net profit, driven by digital innovation and regional expansion.
Gemini said Al Ramz Corporation Investment and Development has announced a powerhouse performance for the first quarter of 2026. Building on the momentum of a record-breaking previous year, the firm saw its net profit soar to 12.1 million AED. This represents a staggering 81% growth compared to the same period in 2025, signaling a strong…
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Business | Latest News | May 2026 News | UAE
Indian PM Narendra Modi to Visit UAE on Five-Nation Tour Amid Global Energy Crisis
Gemini said Indian Prime Minister Narendra Modi is set to begin a crucial five-nation diplomatic tour on May 15, starting with a high-profile visit to the UAE. The trip comes as India faces economic pressure from rising global oil prices, prompting the Prime Minister to seek stronger energy partnerships and trade deals across the Middle…
