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Economy Local 2026-02-04T07:17:35+00:00

Asia-Pacific Markets Fall on US Tech Stock Sell-Off

Asia-Pacific markets generally retreated on Wednesday, impacted by losses on Wall Street after a wave of selling in US tech stocks negatively affected sentiment.

Asia-Pacific Markets Fall on US Tech Stock Sell-Off

Asia-Pacific markets generally retreated on Wednesday, impacted by losses on Wall Street after a wave of selling in US tech stocks negatively affected sentiment.

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Borg PLC's Net Profit Down 11%
2026-02-04T07:16:35+00:00

Borg PLC's Net Profit Down 11%

Borg PLC reported a decrease in net profit for 2025 to AED 40.4 billion, down 11% from 2024. Despite this, profit exceeded market expectations due to high margins. Revenue also decreased by 3%.
Economy Local
UAE Ranks Second Globally in Tourism Revenue
2026-02-04T02:01:13+00:00

UAE Ranks Second Globally in Tourism Revenue

The 'Global Hotel Alliance' reported that the UAE ranked second globally in tourism revenue for 2025, behind Thailand. The main contribution came from tourists from the UK and Russia, solidifying the country's position as a key hospitality market.
Economy Local
UAE's Integrated Cities Boom: A New Era in Real Estate Development
2026-02-04T01:58:35+00:00

UAE's Integrated Cities Boom: A New Era in Real Estate Development

In 2025, the UAE is witnessing a real estate boom where major developers are announcing integrated and sustainable cities. Projects like Dubai Mansions and Azizi Milan go beyond traditional housing, offering holistic ecosystems that blend residential, commercial, and recreational zones. Market experts note this is not just an investment but a qualitative leap, meeting the growing demand for a comfortable, long-term life. These cities attract both buyers and investors, setting the stage for a new era of urban development in the country.
Economy Politics Local
«Tecom Group» Records Record Profit for 2025
2026-02-04T01:43:15+00:00

«Tecom Group» Records Record Profit for 2025

«Tecom Group», a leading company in the UAE, announced a net profit of 1.5 billion dirhams for 2025, a 20% increase from the previous year. The company also reported record revenues of 2.9 billion dirhams and high occupancy rates for its properties.
Economy Local