Author: Arabian Media staff
Image: Getty Images Shares of Capricorn Energy CNE.L jumped nearly 16 per cent on Friday after the oil and gas producer received $50m from Egypt’s state-owned petroleum corporation under a concession agreement. In May, Capricorn and Egyptian General Petroleum Corporation (EGPC) agreed to merge eight concessions in Egypt into a single deal under a joint venture with Cheiron Oil and Gas, boosting investments and production in the company’s core region. Capricorn’s accelerating cash collections from Egypt come as international oil firms operating in the country face lengthy delays in payments, with improved flows signalling the government’s efforts to clear arrears to energy companies.…
The UAE manufacturing sector, which currently accounts for 15 per cent of GDP, will be the key driver of the nation’s next phase of economic growth, said Mohamed Alabbar, Founder of Emaar Properties and Noon.com, and Chairman of Eagle Hills. Speaking at the eighth Sharjah Investment Forum–World Investment Conference (SIF–WIC 2025), Alabbar urged the next generation of entrepreneurs to turn their attention to industry. The discussion, titled “Vision, Venture, Value: Shaping the Region Through Leadership,” was moderated by entrepreneur Kris Fade and held in the presence of Sheikha Bodour bint Sultan Al Qasimi, Chairperson of the Sharjah Investment and Development…
Image: Supplied Mantra Properties’ latest ultra-luxury project, Jacob & Co Residences, developed in partnership with the world-renowned watch and jewellery brand Jacob & Co, has achieved a record-breaking milestone — generating over Dhs300m in sales within just 12 hours of launch. The achievement marks a historic first for Al Marjan Island, establishing it as the fastest-selling project ever launched on the island. Valued at Dhs400m, the branded residence witnessed exceptional demand from investors and high-net-worth individuals, reflecting the UAE’s continued leadership in the branded real estate sector. More than 80 per cent of buyers were expatriate residents and international investors,…
Image credit: Getty Images The UAE Media Council has announced an extension of the eligibility period for social media content creators and advertisers to obtain ‘Advertiser Permits’ until January 31, 2026, reinforcing the country’s drive to strengthen and regulate the advertising sector. The initiative, first introduced in July 2025, has already seen remarkable uptake. By September 2025, the council had issued more than 1,800 permits to individuals and companies from 75 countries, signaling a strong global interest in the UAE’s structured approach to advertising content creation, the entity’s media report said. Read more-From Samsung to startups: Why UAE brands are…
Image: du Emirates Integrated Telecommunications Company (du) reported a 14.6 per cent increase in net income and an 8 per cent rise in revenues for the first nine months of 2025, driven by continued operational discipline, strong commercial performance, and sustained growth across its mobile, fixed, and ICT segments. Revenue for the period reached Dhs 11.62bn, up from Dhs10.76bn a year earlier, while net profit rose to Dhs2.18 bn from Dhs1.90bn. EBITDA grew 12.5 per cent year-on-year to Dhs5.5bn, with a margin of 47.3 per cent, an improvement of 1.9 percentage points compared to the same period in 2024. For…
Image: Getty Images Sobha Realty continues to enhance the luxury real estate experience through its ongoing digital transformation, seamlessly integrating technology across every stage of the customer journey. Expanding beyond its existing debit and credit card payment options, the company has introduced a new Domestic Wire Transfer (Net Banking) feature on its flagship ONE Sobha App, further improving transaction convenience while reinforcing its reputation for innovation and customer-centric design. The new feature enables clients to complete property transactions with greater transparency, security, and ease. It marks another step in Sobha Realty’s strategy to simplify and modernise the property-buying process —…
Image credit: Getty Images As 2025 approaches its final quarter, businesses, financial institutions, and travelers across the Gulf region are preparing for a series of important national holidays. These celebrations not only reflect each nation’s history, leadership, and culture but also carry practical implications for commercial operations, banking schedules, and workforce planning. From the UAE’s twin commemorative events to Oman’s consecutive national days, and from Qatar’s founding celebration to Bahrain’s independence observances, the upcoming holidays are poised to affect both the public and private sectors. Read more-Planning your next break? Here’s the list of UAE public holidays in 2025 While…
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Image: Supplied As the UAE accelerates toward its Vision 2030 sustainability goals, Al-Futtaim Electric Mobility is positioning itself at the forefront of the region’s electric vehicle revolution. Lucas Bellieud, appointed managing director (MD) of Al-Futtaim Electric Mobility in August, brings over 25 years of international automotive leadership to spearhead the company’s strategic direction. In this interview with Gulf Business editor Neesha Salian, Bellieud shares the company’s vision for electrified mobility in the UAE, discussing Al-Futtaim’s partnerships with global leaders BYD and Polestar, the company’s impressive growth trajectory and the infrastructure developments needed to support the region’s transition to sustainable transportation.…
Image: Getty Images First Abu Dhabi Bank (FAB), the UAE’s largest lender and one of the world’s strongest financial institutions, reported a record group net profit of Dhs 16.02bn for the nine-month period ended September 30, 2025, up 24 per cent year-on-year. Profit before tax rose 26 per cent to Dhs 19.25bn, while return on tangible equity (RoTE) stood at 20 per cent, exceeding the bank’s medium-term guidance. The bank’s robust performance was driven by double-digit growth across all business divisions, supported by diversified revenue streams, strong client activity, and expanding contributions from key trade corridors. Operating income rose 16…