Author: Arabian Media staff
A string of global companies, among them Volkswagen and LG Electronics, have been the latest to report back to investors just how U.S. tariff strains have been hitting their bottom line. Source link
Image credit: Dubai Media Office/Website Dubai’s Roads and Transport Authority (RTA), through its Rail Agency, has completed Phase 2 of a major ventilation and air conditioning (VAC) overhaul across stations on the Red and Green Lines of the Dubai Metro. Read-Dubai Metro Blue Line construction: Traffic diversions announced The project is part of RTA’s Strategic Plan 2024–2030, focusing on passenger comfort, operational efficiency, customer satisfaction, and long-term sustainability of assets. It also aligns with RTA’s broader vision to be a global leader in seamless and sustainable mobility, a WAM report said. This milestone underscores the partnership between RTA and Keolis-MHI,…
Image credit: Getty Images The UAE continues to outperform its peers in global mobility, rising 34 places in the Henley Passport Index over the past decade to reach 8th position, up from 42nd in 2015. It is the only major riser to break into the Top 10, reflecting the country’s sustained efforts in visa diplomacy and international engagement. Read-No visa renewal in Dubai without clearing traffic fines, says GDRFA China, another standout mover, has also jumped 34 places over the same period, from 94th to 60th, despite not yet securing visa-free access to the Schengen Area in Europe. The remarkable…
Puma shares lost nearly a fifth of their value as the German apparel maker cited “muted brand momentum,” U.S. tariffs and elevated inventories as reasons why it’s now forecasting a loss on the year. Source link
Image: Getty Images Emirates Integrated Telecommunications Company (du) reported a 25.1 per cent year-on-year increase in net profit for Q2 2025, reaching Dhs727m, as strong growth across mobile, fixed and ICT services boosted the company’s bottom line. Revenue rose by 8.6 per cent to Dhs3.9bn, while EBITDA grew by 16.4 per cent to Dhs1.83bn, lifting the earnings before interest, taxes, depreciation, and amortisation (EBITDA) margin to 46.8 per cent, up from 43.7 per cent a year earlier. The company attributed the performance to disciplined cost management and a more favourable product mix, including increased uptake of unlimited data plans. In…
Image: Getty Images Deed, a platform licensed by the Dubai International Financial Centre (DIFC) and regulated by the Dubai Financial Services Authority (DFSA), has officially launched to the public, allowing global investors to purchase fractional shares in income-generating residential properties in Dubai starting from just Dhs500. Traditionally, entering Dubai’s real estate market required significant capital, extensive paperwork, and often a physical presence. Deed eliminates these barriers through a fully digital platform. Users can register, verify their identity, and begin investing in curated, professionally managed properties within minutes. Investors receive monthly rental income based on their ownership share and are entitled…
Image credit: Getty Images The Ministry of Higher Education and Scientific Research in UAE (MoHESR) has announced a new academic calendar structure for the 2025–2026 academic year, following approval from the Education, Human Development and Community Development Council. The changes will apply to all public and private higher education institutions (HEIs) across the UAE, reflecting a nationwide effort to enhance the higher education landscape. Read-UAE schools to introduce AI curriculum from kindergarten-grade 12 The revised calendar introduces unified term dates, including synchronised start and end dates, with holidays aligned closely to the school calendar. According to MoHESR, the goal is…
Image: Saudi Press Agency A high-level Saudi investment delegation, led by Minister of Investment Eng. Khalid Al-Falih, has concluded a multi-day visit to Syria aimed at strengthening economic ties and driving long-term cooperation across key sectors. The visit, which included a series of meetings with Syrian officials, culminated in the Syrian-Saudi Investment Forum, held under the patronage of Syrian President Ahmad al-Sharaa. Several ministers and senior officials from both nations participated in the event. During the forum, 47 Saudi-Syrian investment agreements were signed, with a total value of nearly $6.4bn (SAR24bn). The deals span a wide array of sectors, including…
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Image: Dubai Media Office/ For illustrative purposes Dubai Land Department (DLD) has signed a memorandum of cooperation with Masdar City to allow companies operating within its free zones to own land and property in Dubai under the freehold ownership system, the two parties announced on Thursday. The agreement is part of broader efforts by the DLD to enhance the competitiveness of Dubai’s real estate sector, attract new investors. “Enabling companies registered in free zones to own property in the emirate aligns with our vision of building a more open investment environment,” said Majid Al Marri, CEO of the Real Estate…