Author: Arabian Media staff
Image: Modon Holding Abu Dhabi-based Modon Holding reported a net profit of Dhs2.1bn for H1 2025, a 4.2-fold increase from a year earlier after excluding one-off items in H1 2024. The strong performance was driven by record real estate sales, increased recurring income streams, and continued strategic investments. Group revenue tripled year-on-year to Dhs6.5bn, while EBITDA rose fourfold to Dhs2.9bn. The company cited robust contributions from its four key business segments – real estate, asset and investment management, events, catering and tourism and hospitality. Real estate driving Modon’s growth in H1 Real estate remained the group’s primary growth engine, generating…
Arab Bank Headoffice/Image: Supplied Arab Bank Group reported strong financial results for the first half of 2025, recording a 6 per cent increase in net income after tax to $535.3m, up from $502.8m during the same period last year. The bank also maintained a robust capital position, with total equity reaching $12.5bn. The Group’s assets expanded by 9 per cent to $75.2bn. Loans rose to $39.8bn, reflecting a 6 per cent increase, while deposits climbed 9 per cent to reach $55.3bn. Commenting on the results, Sabih Masri, chairman of the board of directors, stated that “the strong results achieved in…
Image credit: Getty Images As of July 1, motorists in the UAE began paying more at the pump, with fuel prices increasing across all categories. Super 98 petrol climbed to Dhs2.70 per litre from Dhs2.58 in June, while Special 95 rose to Dhs2.58 per litre, up from Dhs2.47. E-Plus 91 was priced at Dhs2.51 per litre, an increase from Dhs2.39, and diesel reached Dhs2.63 per litre, up from Dhs2.45. These monthly adjustments are part of the UAE’s fuel price deregulation policy, in place since 2015, which links domestic fuel prices to global oil market trends. Read- UAE: These are the…
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Image: Getty Images Companies in the Gulf Cooperation Council (GCC) raised $2.5bn through initial public offerings (IPOs) in the second quarter of 2025, according to PwC Middle East’s latest IPO Watch report, as investor appetite for regional equities remained strong despite global volatility. Saudi Arabia dominated issuance, accounting for 76 per cent of total IPO proceeds, bolstered by landmark deals including Flynas, the first airline IPO in the GCC in over 15 years, and Specialized Medical Co, which raised $500m in June. Three IPOs during the quarter raised over $500m each, signalling a trend toward larger deal sizes amid sustained…
Image courtesy: PIF The Public Investment Fund (PIF) has once again been named the world’s most valuable sovereign wealth fund (SWF) brand, according to the latest rankings by Brand Finance, a leading independent brand valuation consultancy. In its 2025 edition of The Asset Management and Sovereign Wealth Fund 50, released on July 28, Brand Finance valued PIF’s brand at $1.2bn, an 11 per cent increase from 2024. This marks the second consecutive year PIF has claimed the top spot globally, a PIF report said. Read-PIF launches new company to deliver Expo 2030 Riyadh With an A+ brand strength rating and…
Image: Supplied WeRide‘s Robotaxi was granted Saudi Arabia’s first Robotaxi autonomous driving permit, making it the world’s only technology company with products holding autonomous driving permits in six countries: Saudi Arabia, China, the UAE, Singapore, France, and the US. With this permit, WeRide is authorised to operate an autonomous vehicle (AV) business and deploy Robotaxis nationwide in Saudi Arabia, starting with its pilot operations in Riyadh with Uber and local partner Ai Driver. Launched earlier this month, the pilot covers King Khalid International Airport and several key locations throughout Riyadh, including major highways and selected city center destinations. A full-scale…
Image: Dubai Airports Dubai International (DXB) recorded its busiest first half on record, welcoming 46 million guests in the first six months of 2025, marking a 2.3 per cent year-on-year increase. This growth was achieved despite temporary regional airspace disruptions in May and June, underscoring DXB’s operational agility and its vital role in global connectivity. In Q2 alone, DXB served 22.5 million passengers, up 3.1 per cent from the same period last year. April was the busiest month of the quarter and the most active April on record, with 8 million guests. Paul Griffiths, CEO of Dubai Airports, stated, “DXB’s…
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