Author: Dr Issac PJ

Arada is forecasting a record-breaking year in 2025, setting its sights on Dh15 billion in full-year sales as demand for high-end residential property continues to gain momentum across the UAE.The Sharjah-based master developer reported Dh9.15 billion in sales during the first half of the year, more than tripling its performance from the same period in 2024 and marking a 336 per cent year-on-year increase.Recommended For You Dubai Racing Club and France Galop announce strategic partnershipMicrosoft server hack hits about 100 organisationsTrump announces ‘massive’ Japan trade deal including 15% tariffUAE: Two women found dead in Sharjah in under 2 weeks; what…

E& Group on Thursday reported a robust 60.7 per cent year-on-year increase in consolidated net profit to Dh8.8 billion for the first half of 2025, underlining its strong execution across a diversified global portfolio and strategic investments in AI, cloud, 5G and fintech. The Abu Dhabi-based technology conglomerate also posted a 23.3 per cent rise in consolidated revenue to Dh34.9 billion during the period, supported by broad-based growth across its UAE, international, enterprise and digital lifestyle verticals.  Recommended For You India ‘stands in solidarity’ with Bangladesh as PM Modi condoles Dhaka jet crashPakistani militants use drones to drop bombs on security forces,…

Adnoc Drilling has reported its strongest-ever financial performance for the first half of 2025, with revenue surging 30 per cent year-on-year to $2.37 billion (Dh8.7 billion), supported by robust operational activity, fleet expansion, and growing demand for oilfield services. The Abu Dhabi-headquartered company also saw Ebitda climb 19 per cent to $1.08 billion and net profit rise 21 per cent to $692 million, driven by strong execution across onshore, offshore, and unconventional operations. The record results come as Adnoc Drilling strengthens its position as the largest integrated drilling services company in the Middle East, benefiting from the UAE’s accelerated hydrocarbon…

Emsteel, the Abu Dhabi-based industrial heavyweight and one of the region’s largest steel and building materials manufacturers, reported strong financial results for the first half of 2025, underscoring its resilience and operational strength despite global pricing challenges in the steel sector. The company posted a revenue of Dh4.3 billion for H1 2025, a 9 per cent increase compared to the same period last year. Earnings before interest, taxes, depreciation and amortisation (Ebitda) rose by 6 per cent year-on-year to Dh540 million, supported by strong demand, higher sales volumes, and strategic product shifts. The group’s solid performance was powered by a…

Marked by record-high rental rates and soaring demand for Grade A space, Abu Dhabi’s office property sector is witnessing a powerful surge in growth. According to the Q2 2025 Market in Minutes report by global real estate advisor Savills, the emirate’s continued economic diversification, robust business sentiment, and limited supply have combined to create a highly competitive leasing environment, particularly within premium commercial zones. The Central Business District (CBD) recorded an exceptional 42 per cent year-on-year increase in rental rates in the second quarter, driven by rising demand and near full occupancy in flagship buildings. Outer CBD areas also saw…

Dubai’s property prices have increased by 12 per cent over the past 12 months as the real estate sector continues to demonstrate impressive resilience, with both apartments and villas recording solid growth amid sustained investor confidence and a surging influx of residents. According to eXp Dubai’s latest market analysis, average property prices have increased by 3.3 per cent in the first quarter of 2025 and by 12 per cent over the past 12 months, confirming the emirate’s enduring appeal as a global property investment hotspot. The findings underscore a notable shift in buyer trends, with apartments registering the highest rate…

Aldar, one of the UAE’s top real estate developers, on Tuesday reported a 24 per cent year-on-year increase in net profit after tax to Dh4.1 billion for the first-half. Net profit before tax surged 35 per cent to Dh4.7 billion, driven by strong demand across its residential and commercial offerings and continued expansion of its investment portfolio. The developer recorded group development sales of Dh18.3 billion in the first six months of 2025, marking a 31 per cent jump from the same period last year. This sales momentum was fuelled by robust demand for existing inventory and five high-profile project…

Joyalukkas, a leading global jewellery retailer, has signed a landmark Dh500 million working capital facility agreement with Emirates NBD to support its global expansion strategy across the UAE, UK, USA, Canada, and Australia. The structured facility provides Joyalukkas with flexible, revolving access to capital, enabling the group to manage inventory, supplier payments, and peak trading periods with greater agility. Integrated with Emirates NBD’s advanced digital and trade platforms, the arrangement offers the jewellery brand real-time visibility and streamlined financial control.Recommended For You US not rushing trade deals ahead of August deadline, will talk with China, Bessent saysUAE: Meet residents who work…

Dubai’s commercial real estate market surged to new highs in the second quarter of 2025, with total transaction value climbing to Dh31 billion — marking a 50 per cent year-on-year jump.     This substantial growth, up from Dh20.75 billion in Q2 2024, reflects the market’s strong momentum amid rising demand for Grade A office space, premium warehouse facilities, and off-plan investments, says CRC Property’s latest market report.Recommended For You ECB expected to hold rates as Trump tariff uncertainty lingersUS not rushing trade deals ahead of August deadline, will talk with China, Bessent saysHeated exchanges at Lord’s were fun, says England’s BrookVideo:…

India is on track to become the world’s third-largest economy by 2028 and to double its gross domestic product (GDP) to $10.6 trillion by 2035, contributing 20 per cent of total global growth over the next decade, according to a new Morgan Stanley report. The bullish projection reinforces India’s status as the world’s fastest-growing major economy, with a combination of decentralised state-level growth, robust domestic demand, and structural policy reforms propelling its upward trajectory.Recommended For You Look: Selena Gomez celebrates birthday with Taylor Swift, Benny Blanco in attendance2 deadly plane crashes in 2 months: South Asia in shock againMiddle East sovereign…