Author: Arabian Media staff
Image: Supplied Sobha Furniture, the newest venture from the prestigious Sobha Group, has officially made its debut at Downtown Design, introducing a new benchmark for large-scale, design-led furniture manufacturing — made in the UAE, for the world. With over 73,000 sqm of fully integrated, Industry 4.0-enabled facilities across Dubai and Abu Dhabi, including a 53,000 sqm flagship plant in Dubai Industrial City — the largest of its kind in the region — Sobha Furniture aims to transform the UAE’s furniture manufacturing landscape. The company integrates advanced production precision, material control, and large-scale delivery capability, setting a new standard for regional…
Image credit: Dubai Media Office/Website Dubai International Chamber, one of the three chambers operating under the Dubai Chambers umbrella, has revealed its key achievements during the first nine months of 2025, highlighting its growing role in positioning Dubai as a premier destination for foreign direct investment (FDI) and global business expansion. The chamber successfully attracted 261 companies to Dubai between January and September 2025, a 65 per cent increase from 158 companies during the same period in 2024. Of these, 44 were multinational corporations, reflecting a 10 per cent rise compared to 40 in the previous year. Small and medium-sized…
A candid debate on global energy security, investment, and technological disruption unfolded at ADIPEC 2025 as four of the world’s most influential energy executives joined US Deputy Secretary of Energy James Danly for a high-level panel moderated by Hadley Gamble of IMI. In a session that cut through market speculation to focus on long-term fundamentals, panellists from ADNOC, Eni, Petronas, and the US Department of Energy agreed that the industry faces a looming supply crunch, not an oil glut, driven by chronic underinvestment, volatile policy frameworks, and competing energy transition narratives. When asked whether an oversupply could emerge by 2026,…
Image: Supplied Tensor, the Silicon Valley–based AI company behind the world’s first personal Robocar, is making its debut in Abu Dhabi at DRIFTx 2025, the flagship event of the Smart and Autonomous Vehicle Industries (SAVI) cluster hosted by the Abu Dhabi Investment Office (ADIO). The event, taking place from 10 to 12 November at Yas Marina Circuit, brings together global innovators shaping the future of intelligent, connected, and sustainable mobility. Part of the inaugural Abu Dhabi Autonomous Week, DRIFTx is the Middle East’s leading platform for smart and autonomous transport technologies spanning air, land, sea, and robotics. Following acclaimed appearances…
Image: Getty Images Turkish Airlines THYAO.IS has reached an agreement with GE Aerospace to procure engines, spare engines, and engine maintenance services for 75 B787 planes that it is buying from Boeing, the company said. Its overnight statement to the Istanbul stock exchange followed Turkish Airlines’ announcement in September that it had decided to buy the 75 aircraft from Boeing BA.N, consisting of 50 firm and 25 option orders for B787-9 and B787-10 models with deliveries scheduled between 2029 and 2034. Source link
Image: Space42 Space42, the UAE-based AI-powered space technology company listed on the Abu Dhabi Securities Exchange, reported consolidated revenue of $363m for the first nine months of 2025, down 15 per cent year on year as the company continues a strategic and operational transformation of its Smart Solutions business. The revenue decline reflected a refocus of Smart Solutions on programmatic engagements aligned with its core capabilities in Earth observation, geospatial analytics and AI. Space Services, its largest business unit, increased third-quarter revenue by 11 per cent versus the previous quarter, driven by a new $700m, 15-year government contract that began…
Image: Getty Images State-owned Qatar Airways has decided to sell its entire stake in Cathay Pacific Airways 0293.HK for about $897m (HK$6.97bn), marking its complete exit from Hong Kong’s flagship airline after eight years. Cathay said late on Wednesday that the Doha-based carrier had approached it about selling its entire 9.7 per cent stake, and it would repurchase the shareholding through a buyback at HK$10.8374 per share, roughly a 4 per cent discount to its last closing share price. The Gulf carrier had bought the stake in November 2017, making it the third-largest shareholder in Cathay after Swire Pacific 0019.HK and Air China 601111.SS. Cathay is…
Image credit: Refad Developments/Website Refad Real Estate Investment and Development, a subsidiary of Al Qahtani Holding Group, has officially launched Miraf District in Al Khobar, marking a milestone in the Eastern Province’s urban transformation. The project introduces the region’s first integrated mixed-use destination, combining residential, commercial, hospitality, and leisure experiences within a single, connected environment. The development aligns closely with Saudi Vision 2030, reflecting Refad’s commitment to innovation, sustainability, and quality of life. Strategically located along King Faisal Road overlooking Downtown Al Khobar, Miraf District spans 42,000 square metres, with a total construction area of approximately 200,000 square metres, positioning…
Image: Supplied The Emirates Group has reported a record-breaking performance for the first half of the 2025–26 financial year, achieving its fourth consecutive half-year of record profitability, with a profit before tax of Dhs12.2bn ($3.3bn). This marks a 13 per cent increase in profit after tax, reaching Dhs10.6bn ($2.9bn) compared to the same period last year. Group revenue rose 4 per cent to Dhs75.4bn ($20.6bn), supported by robust global demand for air travel and logistics services. The Group also reported a strong EBITDA of Dhs21.1bn ($5.7bn), up from Dhs20.4bn ($5.6bn) in the previous year, reflecting its sustained operational resilience. As of…
Its valuation looks bonkers. Its business isn’t Source link