Youm7-

The Egyptian Exchange (EGX) closed Tuesday's trading session, the middle session of the week, with a general rise in its indices, driven by buying activity from Egyptian investors. Arab and foreign investors were net sellers, with total trading volume reaching EGP 10.1 billion. Market capitalization gained EGP 23 billion, closing at EGP 3.704 trillion.

The EGX 30 index rose by 1.12% to close at 52,557 points, the EGX 30 Equal Weight index climbed by 0.83% to close at 64,137 points, and the EGX 30 Total Return index jumped by 1.12% to close at 24,387 points. The EGX 35-LV index, which tracks low-volatility stocks, declined by 0.03% to close at 5,818 points.

The EGX 70 Equal Weight Index for small and medium-sized companies rose by 0.08% to close at 14,399 points, the EGX 100 Equal Weight Index rose by 0.18% to close at 20,008 points, and the Sharia Index jumped by 0.22% to close at 5,635 points.

(BNA)-


Bahrain All Share Index has closed at 1,950.69 points, marking a decrease of 23.60 points below the previous closing.



This decrease was due to a drop in the communications services sector, the financials sector, the materials sector and the real estate sector.



Bahrain lslamic Index has closed at 942.82 points, marking a decrease of 25.39 points below the previous closing.



Results indicated that 392 equity transactions took place with a volume of 4,358,577 worth BD 1,241,576.



Investors traded mainly in the financials sector representing 68.19% of the total value of securities traded.

(QNA)-


Muscat Stock Exchange (MSX) "30" index closed on Tuesday at 8,391.67 points, marking a decrease of 6 points, or 0.07 percent, compared to the last trading session, which closed at 8,397.65 points.
The total trading value reached OMR 70,685,558, representing an increase of 0.3 percent from the previous trading session, which recorded OMR 70,463,044.
According to the report issued by Muscat Stock Exchange, market capitalization rose by 0.051 percent from the last trading day, reaching approximately OMR 38.55 billion.

(QNA)-


Kuwait Bourse closed trading on Tuesday as the All Share Index lost 22.30 points to reach 8,870.99 points, a decrease of 0.25 percent.

As many as 600.8 million shares valued at KWD 113.5 million (roughly USD 371 million) were traded via 30,780 transactions.

The Main Market Index went down by 14.90 points to reach 8,576.17 points, down by 0.17 percent, through 380.3 million shares done via 18,845 transactions valued at KWD 52.2 million (roughly USD 170.6 million).

The Premier Market Index lost 25.05 points to reach 9,394.05 points, down by 0.27 percent, through 220.4 million shares done via 11,935 transactions valued at KWD 61.3 million (roughly USD 200.3 million).

Meanwhile, the Bourse Main 50 Index gained 13.20 points to reach 9,413.23 points, up by 0.14 percent, through stock volume of 300.2 million shares done in 14,206 deals at a value of KWD 41.5 million (roughly USD 135.6 million).

(QNA)-


The Qatar Stock Exchange (QSE) index closed lower on Tuesday, shedding 59.95 points, or 0.57%, to settle at 10,504.62 points.
A total of 120,104,790 shares were traded, with a turnover of QR 326,759,252.177 across 30,975 transactions in all sectors.
Shares of eight companies advanced, while 42 declined and two remained unchanged.
Market capitalization at the close of the session stood at QR 628,361,075,110.018 billion, down from QR 631,023,516,197.154 in the previous session.

              

رئيس البورصة المصرية

خلال مشاركته بفعاليات مؤتمر التحكيم المصري 2026..

 

-البورصة المصرية ركيزة للتحول المؤسسي وتعزيز استدامة الشركات وبناء بيئة استثمارية أكثر كفاءة

- عمر رضوان يؤكد التزام البورصة المصرية بالمشاركة في الدور الفعال لدعم وتمكين المرأة

-  الحوكمة والشفافية دعامة أساسية لتعزيز ثقة المستثمرين واستقرار الأسواق

- القيد في البورصة أداة استراتيجية لضمان استمرارية الشركات العائلية عبر الأجيال

- تكامل الحوكمة مع التحكيم يعزز كفاءة تسوية المنازعات ويخفض مخاطر الاستثمار

 

البيان

 

Company Name : Digitize for Investment And Technology
ISIN Code : EGS74F71C015
Reuters Code : DGTZ.CA
Content :
Release from the company regarding the justifications for the delay in sending the financial statements for the fiscal year ending 12/31/2025 after its due date

Release from the Company (948 KB)

Company Name : Arab Real Estate Investment CO.-ALICO
ISIN Code : EGS65011C016
Reuters Code : RREI.CA
Content :
Release from the company regarding the reasons of delaying the financial statements for the financial year ended on 31/12/2025

Release from the Company (249 KB)

Company Name : Canal Shipping Agencies
ISIN Code : EGS44031C010
Reuters Code : CSAG.CA
Content :
AGM decisions
Assembly Date : 04/05/2026

AGM Decisions (2,352 KB)

With reference to the letter of the Ministry of Finance on 05/05/2026 regarding the Egyptian Treasury Bonds 06 August 2029 Variable Return, according to the prospectus, a quarterly coupon is due on these bonds, which is determined at the beginning of the period and is disbursed and recalculated every three months, according to the change in the average corridor rate of the central bank, since the coupon no.(8) for this bond is due on 06/08/2026, the price of the coupon is 24.7870%.
ISIN Code: EGBGR05831V2

News Attachment in Arabic (193 KB)
News Attachment in English (16 KB)

Company Name : Arab Valves Company
ISIN Code : EGS3E1E1C013
Reuters Code : ARVA.CA
Content :
Release regarding the post-implementation disclosure form in accordance with the provisions of Article 29 of EGX Listing Rules.
The Release (386 KB)

Al Fanar Contracting Construction Trade Import And Export Co. has contracted to carry out excavation works in the Ras El Hekma area for a sum of 26,400,000 Egyptian pounds only (twenty-six million four hundred thousand pounds only).

The contract was initially signed on May 4, 2026

Company Name : Heliopolis Housing
ISIN Code: EGS65591C017
Reuters Code: HELI.CA
Type of Dividend : Cash
Coupon No. : 31
Dividend per Share : 0.4460389494EGP
First installement: EGP 0.2230194747
Payment Date : 20/05/2026
Second installement:EGP 0.2230194747
Payment Date: 30/12/2026
Dividend Date : 17/05/2026

News Attachment in Arabic & English (632 KB)

Trading value for Tuesday 05/05/2026 reached JD(13.3) million. (6.8) million shares were traded through (4,682).

The shares price index closed at (3838.78) point, a decrease of (0.3%).

The shares of (93) companies were traded, the shares prices of (29) companies rose, and the shares prices of (34) declined.

At the sector level, the Services index decreased by 1.31%, the Financial index increased by 0.13%, and the Industrial index increased by 0.01%.

As for sub sector indices, the Diversified Financial Services, Food and Beverages, Insurance, Real Estate, Mining and Extraction Industries, Transportation, Chemical Industries, Banks sectors increased by 1.19%, 0.53%, 0.35%, 0.25%, 0.19%, 0.18%, 0.16%, 0.08% respectively. While the Technology and Communication, Electrical Industries, Utilities and Energy, Engineering and Construction, Pharmaceutical and Medical Industries, Commercial Services, Educational Services, Hotels and Tourism sectors decreased by 3.06%, 1.91%, 1.52%, 1.28%, 0.43%, 0.41%, 0.27%, 0.04% respectively.

The top five gainers were, the Jordan Poultry Processing & Marketing by (5.00%), Premier Business And Projects Co.ltd by (4.62%), Cairo Amman Bank by (4.23%), Arab Phoenix Holdings by (4.08%), and Arab East Investment by (4.04%).

The top five losers were, Noor Capital Markts For Diversified Investments by (4.82%), Rumm Financial Brokerage by (4.46%), Injaz For Development & Projects by (3.57%), High Performance Real Estate Investments by (3.45%), and Safwa Islamic Bank by (3.26%).

It's decided that Thursday, 7th of May 2026 will be an official holiday at EGX for the celebration of Labor Day, trading will be resumed effective Sunday 10th of May 2026.

Company Name : S.A.E Contact Financial Holding
ISIN Code : EGS738I1C018
Reuters Code : CNFN.CA
Content :
AGM minutes before certification
Assembly Date : 28/04/2026

AGM Minutes (756 KB)

Company Name : Iron And Steel for Mines and Quarries
ISIN Code : EGS102S1C014
Reuters Code : ISMQ.CA
Content :
AGM minutes before certification


AGM Minutes (2,120 KB)

Company Name : Medinet MASR Housing
ISIN Code: EGS65571C019
Reuters Code: MASR.CA
Type of Dividend : Cash
Coupon No. : 51
Dividend per Share : EGP 0.150
Payment Date : 24/05/2026
Dividend Date : 19/05/2026

News Attachment (127 KB)

According to the letter received from the CBE & ECSD on 04/05/2026 , including Their request to list the increase of Egyptian Sovereign Sukuk Ijarah Sukuks 10 March 2029 Fixed Return with an additional EGP 800,000,000 representing the subscription re-open no ( 3 ) of Egyptian Sovereign Sukuk Ijarah Sukuks 10 March 2029 Fixed Return, to reach EGP 1,356,000,000 (distributed over 1,356,000 Suk at a par value of EGP 1000) Ijarah Sukuk with a fixed Return rate of‎ 21.3% annually to be paid every six months in 10 September & 10 March.
The above-mentioned increase will be added to EGX database & available for trading effective 05/05/2026 trading session.
ISIN code: EGKGU00061F8

According to the letter received from the CBE & ECSD on 04/05/2026 , including their approval to list the increase of Treasury Bonds 31 March 2029 Fixed Return with an additional EGP 300,000,000 representing the subscription re-open no ( 2 ) of Treasury Bonds 31 March 2029 Fixed Return, to reach EGP19,469,513,000 (distributed over 19,469,513 bonds at a par value of EGP 1000) , with a fixed rate of‎ 21.2% annually to be paid twice per year in 30 September & 31 March.
The above-mentioned increase will be added to EGX database & available for trading effective 05/05/2026 trading session.
ISIN Code:EGBGR06881F9

According to the letter received from ECSD on 05/05/2026 concerning the De-Listing of Treasury Bills 05 May 2026 Issued on 06/05/2025 that amounted to EGP 138,808,725,000 distributed over 5,552,349 Bills at a par value of 25,000 EGP. This Bill issue has been removed from EGX database effective 05/05/2026.
ISIN Code: EGT998055Q10

Trading value for Tuesday 05 May 2026 reached USD 0.04 million. 590 shares were traded through 02 transactions.

During the session 1 instrument(s) were traded, the prices of 0 instrument(s) rose, the prices of 1 instrument(s) decreased, while the prices of 0 instrument(s) remained unchanged.

The Stock Capitalization of the listed companies decreased by 1.03% to reach USD 18,459 million, against USD 18,649 million for the previous session.

Prime Minister Dr. Mostafa Madbouly held a meeting today at the government headquarters in the New Administrative Capital to follow up on measures to support and stimulate the tourism sector in light of the current challenges in the region. The meeting was attended by Mr. Sherif Fathy, Minister of Tourism and Antiquities; Dr. Sameh El-Hefny, Minister of Civil Aviation; Dr. Ahmed Youssef, Chairman of the Egyptian Tourism Authority; Dr. Adel Abdel-Azim, Assistant Deputy Governor for Economic Research at the Central Bank of Egypt; Mr. Khaled Mohamed Osman, Assistant Minister of Petroleum and Mineral Resources for Commercial Affairs; and a number of other officials.

The Prime Minister explained that this meeting aimed to review the current state of tourism and discuss mechanisms and procedures to stimulate the sector and boost tourist arrivals.

He emphasized the need to strengthen mechanisms to encourage more inbound tourism to Egypt and to streamline all procedures related to tourist entry and exit through all airports and ports of entry. He also stressed the importance of continuing to take steps to improve services provided to tourists visiting Egypt in the coming period. The Minister of Tourism and Antiquities explained that the stability and security Egypt enjoys is positively impacting inbound tourism – despite the current regional crisis and its repercussions – and is bolstering the confidence of various tourism markets in Egypt. He emphasized the Ministry's commitment to taking all necessary measures to support the tourism sector and enhance its competitiveness.

Mr. Sherif Fathy pointed out that despite the current regional crisis, Egypt's most distinguishing features are its diverse tourism offerings, resilience, and effective marketing. He noted that 2025 ended with significant growth in tourism, reaching 21% compared to 2024. This growth continued into early 2026, with a monthly increase of 20% compared to 2025.

The Minister of Tourism outlined several efforts aimed at stimulating the sector and supporting its growth in the coming period. These include encouraging airlines to continue operating flights to Egypt, conducting field visits and inspections, and collaborating with all partners in the tourism sector, particularly the private sector, to enhance competitiveness. The efforts to support tourism also include, as the minister indicated, highlighting the safety and security of Egyptian tourist destinations, continuing the 2026 promotion plan, focusing on continuing international participation such as exhibitions and tourism caravans, managing the mental image and conveying actual tourist experiences, and intensifying familiarization trips, in addition to the rapid implementation of joint promotional campaigns, close monitoring of markets and a rapid response to deal with any false news.

The launch of the first phase of the East Nile Monorail marks a significant leap forward in public transportation. This phase is part of the Ministry of Transport's plan to maximize and encourage the use of public transport instead of private cars. The monorail is a fast and modern mode of transport, offering the highest levels of service to passengers and alleviating traffic congestion on main roads and streets. The Ministry of Transport announced the launch of the first phase of the East Nile Monorail, from Al-Moshir Tantawy Station to Madinat Al-Adala Station in the New Administrative Capital, serving passengers daily from 6:00 AM to 6:00 PM, starting Wednesday, May 6, 2026. This phase includes 16 stations: (Al-Moshir Tantawy, One Ninety, Air Force Hospital, Al-Narges, Investors, Lotus Station, Golden Square, Beit Al-Watan, Al-Fattah Al-Aleem Mosque, District R1, District R2, Finance and Business, City of Arts and Culture, Government District, Misr Mosque, and Madinat Al-Adala in the New Administrative Capital). The launch of the first phase of the East Nile Monorail represents a significant leap forward in public transportation. Its operation is part of the Ministry of Transport's plan to maximize and encourage the use of public transport instead of private cars. The monorail is a fast and modern mode of transport, saves fuel, reduces environmental pollution, and alleviates traffic congestion on main roads and streets. Furthermore, it reduces noise due to the trains running on rubber wheels. This phase will also facilitate access to various residential areas and neighborhoods in New Cairo and the New Administrative Capital, connecting them to key landmarks such as conference and exhibition centers, hospitals and medical centers, hotels, mosques, shopping malls, universities and schools, headquarters of local and international companies, as well as sports clubs and stadiums. It will also connect them to vital squares and thoroughfares in both areas.

The first phase of the monorail will also connect them to key locations. It is worth noting that the monorail trains are air-conditioned and have safe passageways that allow passengers to move between carriages for greater comfort. They are equipped with television cameras in the train cabin for centralized monitoring of the track. Inside the carriages there are LCD screens to be used to provide passengers with information about the journey or they can be used commercially to broadcast paid advertisements. Above the side doors there is a screen to inform passengers of the name of the final station before they board the train. For people with special needs, places have been allocated for wheelchairs and they have been equipped with means of fixing them. The carriages have also been equipped with maps above the passenger doors from the inside showing the route by means of illuminated lights to help the deaf. The stations were designed in a civilized manner and equipped with amenities for the public passengers. Each station includes (2 fixed stairs - 4 moving stairs - 2 elevators) from outside the station, and (4 fixed stairs - 4 moving stairs - 2 elevators) from inside the station. Specific paths for people with disabilities were implemented in the ticket halls and on the platforms in all stations. This phase also achieves service exchange with the light electric train (LRT) via the Arts and Culture City station in the new capital.

Al MAl-


Engineer Khaled Seddik, Chairman of the Board of Directors of the Urban Development Fund, affirmed that the remarkable development witnessed by the real estate sector in Egypt in recent years has made it a true source of inspiration, not only for local developers but also for investors at the regional and international levels.

In his address during the opening session of the fifth edition of "The Investor" conferences, Seddik explained that this inspiration originated domestically, as many investors operating in other sectors turned to real estate investment, driven by the successive successes achieved by the Egyptian market. This contributed to an increase in the number of real estate developers and a broadening of the investment base within the sector. He pointed out that regional developments and events in the Middle East have enhanced the attractiveness of the Egyptian market, especially given the stability and security that Egypt enjoys, which has become a decisive factor in attracting foreign investments seeking a safe and stable environment.

Siddiq added that the real estate sector has become a cornerstone of the Egyptian economy, emphasizing that the Ministry of Housing plays a pivotal role in fostering a favorable investment climate by providing a suitable and stimulating environment for both local and international investors. He pointed out that the current phase requires building upon past successes and stressed the importance of setting clear targets to increase the real estate sector's contribution to the GDP, currently estimated at around 20%. He affirmed that this percentage could be doubled to 50% given the availability of the necessary resources, including land, building materials, and skilled labor.

Siddiq noted the existing trend toward cooperation with real estate developers to address the challenges facing the sector and work to overcome them through the development of new legislation and facilitations that support growth and increase investment rates. He concluded by stating that the coming period will focus on presenting tangible results, supported by figures, regarding the scale of achievements in the real estate sector, while continuing joint efforts between the government and the private sector to strengthen Egypt's position as one of the leading real estate markets in the region.

Al MAl-

Engineer Hisham Shukri, Chairman of the Real Estate Export Council, stated that Egypt achieved approximately $2 billion in real estate exports in 2024/2025, and this figure is expected to increase by 10-20% in 2025/2026. Speaking at the opening session of the fifth edition of "The Investor" conferences, he added that sustainability will reduce maintenance costs for any project, thus impacting annual expenses—a factor foreign investors consider before investing in Egypt.

He also highlighted the importance of reaching international clients through artificial intelligence, noting that exhibitions have become a traditional export method. He emphasized that unit marketing must be accompanied by a comprehensive study of the return on investment to facilitate comparisons between Egypt and other countries. He further pointed out that the regional situation presents an opportunity for real estate exports in Egypt, making it a promising alternative market given its security and stability.

(WAM)-


The Ministry of Energy and Infrastructure, represented by the Sheikh Zayed Housing Programme, announced the issuance of 759 housing approvals during the first quarter of 2026, with a total value exceeding AED616 million.

These included: 129 housing grants and benefits worth AED102.9 million, 583 housing loans and financing solutions, delivered in partnership with national banks, valued at AED460.5 million, and 47 government housing loans within residential complexes worth AED53.2 million.

This milestone reflects the accelerating pace of delivery and the growing efficiency and sustainability of the UAE’s housing support system.

This strong performance builds on the programme’s track record since its establishment in 1999, during which it has issued over 73,000 housing support decisions nationwide, valued at more than AED50 billion. The programme offers an integrated suite of housing solutions tailored to meet citizens’ diverse needs, contributing to family stability and enhancing quality of life.

The public-private partnership model in housing finance has marked a major shift in sector efficiency. It has helped eliminate more than 12,000 backlog applications, increased the fulfillment rate from 34 percent to 94 percent, and supported achieving a 91 percent home ownership rate, demonstrating the effectiveness and long-term socio-economic impact of the UAE’s housing policies.

Suhail Mohamed Al Mazrouei, Minister of Energy and Infrastructure, said, “The rapid progress witnessed in the UAE’s housing sector reflects the forward-looking vision of our leadership and its commitment to providing adequate housing for citizens as a cornerstone of family stability and a key pillar of quality of life. The UAE’s housing policies are based on an integrated approach that places people at the forefront, translating the leadership’s directives into building a cohesive, prosperous, and stable society.”

He added that these efforts align with the UAE’s broader vision of developing more prosperous, resilient, and sustainable cities and communities, in line with the goals of "We the UAE 2031" and the UAE Centennial 2071, through the development of a comprehensive housing ecosystem that supports citizens’ wellbeing.

Engineer Mohammed Al Mansoori, Undersecretary for Infrastructure and Transport Affairs at the Ministry of Energy and Infrastructure, said, “The UAE’s housing ecosystem is undergoing a strategic transformation driven by innovative financing models, stronger private sector partnerships, and the adoption of smart solutions that enhance service efficiency and accelerate housing delivery in a sustainable manner. This approach ensures a balance between financial sustainability and social impact, while strengthening the sector’s ability to keep pace with population growth and future challenges.”

(WAM)-


TA’ZIZ today announced at the Make it in the Emirates forum the signing of long-term agreements spanning offtake, feedstock and sales across its chemicals portfolio, including methanol, polyvinyl chloride (PVC), ethylene dichloride (EDC), vinyl chloride monomer (VCM), caustic soda, salt and natural gas valued at $28.5 billion (AED104.6 billion).

Ranging from five to 25 years, the agreements secure both global offtake and reliable local feedstocks, anchoring large-scale chemical production within the UAE and reinforcing TA’ZIZ’s role in building a fully integrated domestic chemicals ecosystem.

The deals include sale agreements with ADNOC and Proman for methanol; Emirates Global Aluminium (EGA) for caustic soda; Mitsubishi Corporation for EDC, VCM and caustic soda; Mitsui & Co. for EDC and caustic soda; Sanmar Group for EDC and VCM; Tricon for PVC, EDC and caustic soda; and Vinmar for EDC and PVC.

Mashal Saoud Al-Kindi, CEO of TA’ZIZ, said, “These long term agreements represent a defining milestone for TA’ZIZ and for the UAE’s industrial growth ambitions. By securing both global demand and reliable local feedstock, we are translating vision into delivery, anchoring world scale chemicals production, strengthening domestic value chains and creating enduring economic value, jobs and supply chain resilience for the UAE.”

The agreement with EGA for around 200,000 dry metric tons per year of caustic soda marks a significant milestone in the UAE’s journey toward industrial self sufficiency.

TA’ZIZ’s caustic soda supply positions the company as the first major supplier of domestically produced caustic soda for EGA’s Al Taweelah alumina refinery in Khalifa Economic Zones Abu Dhabi (KEZAD).

ADNOC Gas secured a 25-year feedstock agreement to supply natural gas to the TA'ZIZ methanol project valued at over $5 billion (AED18.4 billion).

TA’ZIZ also agreed a 20 year salt supply agreement with Abu Dhabi based Sama Salt to support production at its PVC complex.

Together, these agreements leverage local resources to secure a reliable and sustainable supply of critical raw materials, further strengthening domestic value chains and advancing the UAE’s industrial self sufficiency.

The TA’ZIZ Industrial Chemicals Zone is set to produce 4.7 million tonnes per annum (mtpa) of chemicals once construction is completed in 2028.

(WAM)-


The Fujairah Natural Resources Corporation (FNRC) has showcased a package of qualitative investment opportunities and modern geological studies during its participation in the 'Make it in the Emirates'.

The Corporation emphasised during the event that its approach is not limited to raw material extraction but extends to enhancing value-added chains within the mining sector.

The Corporation seeks to attract investments focused on the local processing and manufacturing of mineral materials, contributing to the growth of the gross domestic product and the creation of specialised job opportunities.

(WAM)-


The Ministry of Finance has taken part in the joint annual meetings of Arab financial institutions, where Mohamed bin Hadi Al Hussaini, Minister of State for Financial Affairs, delivered the keynote address at the opening session, reaffirming the UAE’s strategic vision to strengthen financial and institutional cooperation.

The Ministry’s delegation included Younis Haji AlKhoori, Undersecretary of the Ministry of Finance; Mariam Mohammed Al Amiri, Assistant Undersecretary for Government Financial Management Sector; and Ali Abdullah Sharafi, Assistant Undersecretary for International Financial Relations, along with a number of specialists and officials from the Ministry.

The meetings addressed a number of key topics, including the future of Arab financial cooperation, the progress of Arab financial institutions, and agenda items discussed in light of evolving regional and global economic and financial developments.

The event featured several high-level sessions, including the opening session of Arab financial institutions; the 55th meeting of the Board of Governors of the Arab Fund for Economic and Social Development; the 53rd session of the Board of Shareholders of the Arab Investment and Export Credit Guarantee Corporation; the 49th meeting of the Board of Governors of the Arab Monetary Fund; the 50th annual meeting of the Board of Governors of the Arab Bank for Economic Development in Africa; and the 50th meeting of the Board of Shareholders of the Arab Authority for Agricultural Investment and Development.

In his keynote address, Mohamed bin Hadi Al Hussaini emphasised the UAE’s commitment to maintaining Arab coordination on priority financial issues and strengthening dialogue among countries and relevant institutions, particularly in light of ongoing regional developments.

Al Hussaini noted that the current phase requires more flexible financial tools and stronger integration between economic policies, enabling Arab countries to manage challenges more effectively and direct resources towards development priorities that deliver sustainable impact across economies and societies.

He highlighted the need to prepare for changing growth dynamics, noting that the world is facing compounding challenges affecting supply chains, increasing production costs and placing pressure on food security.

The Minister emphasised that the UAE firmly believes in the importance of institutional Arab cooperation built on governance, efficiency, and knowledge exchange positioning it as a key pillar for promoting the financial system’s readiness by stimulating investment in strategic sectors, particularly infrastructure, supply chain development and the digital economy.

He also highlighted that the meetings provide an important platform to review the financial performance of Arab institutions, approve their financial statements, and discuss their future directions, strengthening confidence in their developmental role and reinforcing economic cooperation across Arab countries.

During the meetings, annual reports were reviewed and financial statements of Arab financial institutions were approved. Participants also explored institutional performance and achievements and discussed agenda items aimed at enhancing their role in financing development and bolstering financial and economic cooperation among Arab countries.

The meeting of the Board of Governors of the Arab Monetary Fund also addressed several agenda items, including the election of the Chair and Vice-Chair of the Board of Governors for the 50th annual session.

The discussions also touched on a number of issues related to financial stability and the role of Arab financial institutions in supporting development efforts, amid regional and global economic and geopolitical challenges that require more integrated and flexible policy approaches.

The meetings were concluded with participants stressing the importance of further developing mechanisms of Arab institutional cooperation and ensuring financial institutions are better prepared to respond to changing economic and financial conditions, while continuing to support development priorities across Arab countries and drive more sustainable growth across the region.

(WAM)-


Generation 5 Holding, a UAE-based defence and technology company, and Brazilian Embraer, one of the world’s aerospace industry leaders, have signed an exclusive strategic partnership agreement to cover a comprehensive scope of the C 390 Millennium multi-mission military transport aircraft in the UAE.

The agreement was signed today at the Make It in the Emirates 2026 platform held in Abu Dhabi, by Dr. Khalifa Murad Alblooshi, Managing Director of Generation 5 Holding, and Mr. Bosco da Costa Junior, President and CEO of Embraer Defense & Security, in the presence of Dr. Nasser Humaid Al Nuaimi, Secretary General of Tawazun Council for Defence Enablement, Tareq Abdul Rahim Al Hosani, Chairman of Generation 5 Holding, and Francisco Gomes Neto, President and CEO of Embraer.

Under this agreement, the two companies aim to develop comprehensive Maintenance, Repair and Overhaul (MRO) capabilities and after sales support for the aircraft in the UAE and the Middle East focused on ensuring mission readiness, rapid response, and long-term fleet sustainability for regional operators. The partnership also encompasses opportunities for industrial and supply chain integration related to the C 390 Millennium, and related training programmes for technical, maintenance, and operational personnel, further supporting related knowledge transfer and workforce.

Commenting on this, Dr. Khalifa Murad Alblooshi, Managing Director of Generation 5 Holding, said: “This agreement with Embraer, one of the world’s aerospace industry leaders with more than 50 years of proven expertise, reflects our long‑term commitment to strengthening defence industrial capabilities, particularly in the areas of maintenance, repair, and training in the UAE. Embraer’s selection of Generation 5 Holding as its exclusive partner in the UAE strengthens our joint efforts to accelerate knowledge transfer and expand advanced technical capabilities, ensuring that the C-390 Millennium can be supported and sustained locally to the highest international standards. This reinforces our role as a trusted national partner and contributes to the growth of a self reliant defence ecosystem aligned with the UAE’s vision.”

“This agreement with Generation5, reflects Embraer’s strong commitment to the United Arab Emirates and to building long-term partnerships,” said Bosco da Costa Junior, President and CEO of Embraer Defense & Security. “By partnering with Generation 5, a major industrial player recognised for its expertise, we are consolidating a broad scope of cooperation enabling the delivery of world-class support, training, and industrial participation for the C 390 programme in the UAE.”

The agreement represents an important strategic step forward, with both parties progressing confidently towards its full implementation in the near future after the conclusion of ongoing specific conditions.

The C 390 Millennium redefines the standards of versatility, reliability, operational efficiency, and cost effectiveness, consistently demonstrating its advanced military airlift capabilities. Selected by 12 countries, the C-390 can carry more payload (26 tons) compared to other medium-sized military transport aircraft and flies faster (470 knots) and farther, being capable of performing a wide range of missions, such as transporting and dropping cargo and troops, medical evacuation, search and rescue, firefighting and humanitarian missions, operating on temporary or unpaved runways, such as packed earth, soil and gravel.

(WAM)-


UAE ministers and officials have stressed that the country has strengthened its industrial resilience through strategic planning, advanced technology adoption and flexible supply chains.

Speaking at a session of the fifth edition of Make it in the Emirates today, they highlighted the UAE’s ability to respond to global challenges through early investment in readiness across key sectors.

Suhail Al Mazrouei, Minister of Energy and Infrastructure, said global energy demand requires increased production, stressing the UAE will remain “a responsible energy producer, enabling growth, supporting global stability and balancing supply and demand.”

He said the decision to exit OPEC was “carefully considered” and would allow greater production flexibility, strengthening planning and decision-making across industries, adding that such flexibility supports the 'Make it in the Emirates' initiative.

Al Mazrouei also praised ADNOC Group for its “pivotal role” in advancing the UAE’s industrial position.

On the Strait of Hormuz, he said no party should be allowed to control it, stressing the need to keep it open and increase production to replenish global strategic reserves, with output aligned to global demand and national industrial needs.

Dr Thani bin Ahmed Al Zeyoudi, Minister of Foreign Trade, said that expanding market access and strengthening supply chain solutions are providing “sustained momentum” for the UAE’s industrial sector, boosting foreign trade revenues and supporting economic diversification.

He said non-oil foreign trade exceeded $1 trillion (AED3.8 trillion) in 2025, up 27 percent year-on-year, adding that economic partnership agreements have enhanced resilience and enabled effective management of global challenges through strong preparedness.

He added that the UAE is connected to more than 250 ports worldwide, providing greater flexibility in supply chains, and noted the country follows a long-term strategy focused on building partnerships, attracting investment, and developing strategic projects and infrastructure.

Faisal Al Bannai, Adviser to the UAE President for Strategic Research and Advanced Technology and Chairman of EDGE Group, said investment in advanced technologies is “a key enabler of future readiness,” highlighting strong growth in defence industries and rising global demand.

The participating officials agreed that continued investment in advanced industries, partnerships and infrastructure will further strengthen supply chain resilience and reinforce the UAE’s position as a global industrial hub.

(WAM)-


Suhail bin Mohammed Al Mazrouei, Minister of Energy and Infrastructure, stated that ensuring energy security, efficient infrastructure and resilient supply chains is integral to development strategies for any strong economy.

Speaking at 'Make it in the Emirates 2026', the minister said the integration of energy, national industry and smart infrastructure is a key pillar for sustaining growth and reinforcing economic sovereignty, supported by initiatives such as the National In-Country Value Programme, local manufacturing and strategic domestic investment.

He added that the platform, in its fifth edition, reflects a future full of opportunities for the UAE’s industrial sector, underpinned by a clear strategic vision and an advanced energy system aligned with AI adoption, infrastructure development and efficient supply chains.

(WAM)-


Hamad Al Marar, Managing Director and Chief Executive Officer of EDGE Group, said the group recorded sales of $5 billion last year, with exports accounting for more than 70 percent of the total, reflecting the growing global presence of the UAE’s defence industries.

Speaking to the Emirates News Agency (WAM) on the sidelines of Make it in the Emirates 2026, he said contracts under execution exceed $25 billion, around 50 percent of which are allocated to export, spanning no less than seven years and no more than 12 years, indicating strong international demand for the group’s products and solutions.

Al Marar said EDGE currently employs 19,000 people, including 4,000 engineers, with UAE national engineers accounting for 50 percent, noting increasing interest from Emirati engineers specialising in advanced technologies, modern techniques and manufacturing in joining the group.

He said developing a sovereign defence industry requires long-term commitment, stressing that EDGE has demonstrated this commitment across all stages through a strategic focus that has enhanced national readiness, resilience and the ability to scale manufacturing to meet sovereign defence needs.

He added that more than 80 percent of EDGE systems are now manufactured within the UAE, alongside continued expansion of partnerships locally and internationally to support technology transfer, localise critical capabilities and secure supply chains, noting this was reflected in record purchase orders in 2025.

Al Marar said the group continues to strengthen its capabilities by integrating artificial intelligence into its manufacturing processes, noting it implemented more than 68 transformation projects linked to advanced technology in 2025, contributing to a doubling of production capacity across 13 subsidiaries.

He added that the group plans to launch the “Innovate to Defend by EDGE” challenge to drive innovation and develop solutions supporting national security priorities, providing a platform for individuals to present innovative ideas to address key challenges, with awards and clear pathways to transform selected concepts into practical solutions integrated into the group’s industrial ecosystem.

(WAM)-


Alpha Dhabi Holding PJSC, one of the fastest-growing investment holding companies in the MENA region, listed on the Abu Dhabi Securities Exchange (ADX: AlphaDhabi), has reported a strong set of financial results for the first financial quarter of 2026. Set against the backdrop of a remarkably resilient UAE economy, the Group delivered robust performance across its diversified portfolio, underpinned by disciplined execution, strategic investments, and continued expansion into high-growth sectors.

Alpha Dhabi’s continued momentum in strategy execution has driven strong financial performance in Q1 2026.

Group Revenue reached AED 18.8 billion, marking an 8% rise compared to the same period last year. While Alpha Dhabi’s net profit in Q1 2026 stood at AED 3.8 billion up 81% from the same period in 2025.

Alpha Dhabi’s performance comes as the UAE continues to demonstrate significant economic fortitude. Proactive measures by the Central Bank of the UAE have reinforced the financial system’s strength, while strong collaboration between the public and private sectors in the region ensures market stability and supply-chain resilience. This stable and dynamic environment provides a powerful platform for growth, enabling companies like Alpha Dhabi to thrive and contribute to the nation’s ever-strengthening economy.

Adjusted EBITDA at AED 4.3 billion, reflected a 2% increase year-on-year The Group’s financial position remains robust, with total assets of AED 225.8 billion and total equity of AED 104.9 billion, reinforcing Alpha Dhabi’s capacity to pursue strategic growth opportunities, including acquisitions and geographic expansions.

ADH’s revenue came from key contributions across various business divisions, comprising AED 7.4 billion from Real Estate, AED 6.6 billion from Industrial, AED 2.7 billion from Construction, and AED 2.1 billion from Services & Others.

Mohamed Thani Murshed Ghannam Al Rumaithi, Chairman of Alpha Dhabi Holding says: “Alpha Dhabi started 2026 with strong momentum, reflecting the resilience of our business model, and the disciplined execution of our long-term strategy. Our continued focus on building a diversified, future-ready portfolio has enabled us to navigate evolving market dynamic while capturing opportunities across high-growth sectors. This performance underscores the strength of our platform and our commitment to delivering sustainable value for our shareholders and the broader economy.”

Eng. Hamad Al Ameri, Managing Director and Group CEO of Alpha Dhabi Holding PJSC, added: “Alpha Dhabi’s Q1 2026 performance demonstrates the strength and adaptability of the Group’s investment approach. By deepening our presence across key sectors and advancing our diversification strategy, we have reinforced the foundations for consistent, long-term growth. We remain focused on unlocking value through innovation, strategic partnerships, and disciplined capital allocation, ensuring that Alpha Dhabi continues to evolve as a resilient, globally competitive investment platform.”

Alpha Dhabi enters the remainder of 2026 with an ongoing strong momentum, supported by a resilient and diversified portfolio. The Group remains focused on delivering sustainable growth through strategic investments, operational excellence, and continued expansion into high-growth markets. By maintaining a disciplined investment approach and leveraging its integrated platform, Alpha Dhabi is well-positioned to capitalize on emerging opportunities and drive long-term value creation.

Building on the momentum from 2025, Alpha Dhabi remains focused on targeted growth, international expansion, and innovation across its core sectors, reinforcing the resilience and diversification of its portfolio.

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Dr Sultan bin Ahmed Al Jaber, Minister of Industry and Advanced Technology, stated the UAE has remained resilient in the face of regional and global challenges, guided by the vision and directives of President His Highness Sheikh Mohamed bin Zayed Al Nahyan, and supported by the unity of Emirati society, with citizens and residents standing together behind the leadership and the nation.

This came as Dr. Al Jaber today opened the fifth and largest edition of Make it in the Emirates, the UAE’s flagship industrial platform, where he announced AED180 billion in new industrial procurement opportunities in a national drive to localise more than 5,000 products across sectors critical to economic, food, and healthcare security.

Opening the forum following a three-month period that has tested the region deeply, Dr. Al Jaber said the UAE continues to transform challenges into opportunities, emphasizing that resilience, sovereignty, and industrial capability are central pillars of the country’s long-term economic strategy.

“History remembers the challenges nations face. But it also remembers how nations respond to them and what they build next,” Dr. Al Jaber said. “There is a great difference between those who focus only on surviving crises, and those who seize them as opportunities and turn them into new beginnings. In the UAE, we do not simply endure hardships. We emerge from them stronger.”

He added: “We do not wait for transformation; we drive it. We do not simply adapt to the future; we help shape it.”

He also paid tribute to the UAE Armed Forces – who are celebrating the 50th anniversary of their unification – frontline personnel, emergency responders, and national institutions for safeguarding stability during the recent crisis.

Industrial sector contribution reaches AED 200 billion

Dr. Al Jaber said the UAE’s industrial strategy continues to deliver structural transformation across the national economy.

Industrial sector contribution has reached AED 200 billion, a 70 percent increase since 2021; while industrial exports climbed to AED262 billion, including AED 92 billion in advanced industrial exports.

“These figures are not merely growth,” Dr. Al Jaber said. “They are proof that our industrial economic model works, produces, and continues to accelerate.”

He highlighted the National In-Country Value (ICV) Program as a key driver of this progress, helping turn spending into investment “in our economy, our factories, our talent, and our future.”

Today, with the support of the UAE leadership and endorsement of the Cabinet, the value of industrial procurement opportunities will increase from AED 168 billion to AED 180 billion over the next decade.

Make it in the Emirates follows the Make it with ADNOC forum held on Sunday with the support of His Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Chairman of the Abu Dhabi Executive Council. The forum unveiled procurement opportunities and planned projects worth more than AED 200 billion over the next two years, reinforcing ADNOC’s role as a catalyst for UAE industrial growth.

The Local+ initiative was also announced at the forum, which connects engineering, procurement, construction, and services contractors with 70 qualified Emirati manufacturers.

Economic security cannot be imported – it must be built

Dr. Al Jaber emphasized that industry is not simply an economic choice, but “a necessity” that strengthens resilience, protects the national economy from global volatility, and enhances the country’s ability to withstand disruption.

Referring to the importance of safeguarding international trade routes, he warned that disruptions to strategic maritime corridors affect not only one region, but the global economy.

“Economic security cannot be imported – it must be built and protected,” Dr. Al Jaber said.

“The security of vital trade routes is not a regional matter alone, but a shared global responsibility.”

Addressing the crisis around the Strait of Hormuz, Dr. Al Jaber reaffirmed the UAE’s position on freedom of navigation and the legal status of international waterways.

“Freedom of international navigation is non-negotiable and cannot be compromised,” he said. “Any change to these principles would constitute a dangerous and unacceptable precedent and a direct threat to global economic security.”

UAE reshapes its position in the global energy landscape

Dr. Al Jaber said the UAE is entering “a new chapter” in which it is reshaping its place in the global economy with “confidence, clarity, and ambition.”

He described the UAE’s decision to reposition itself within the global energy landscape, including its exit from OPEC and OPEC+, as “a carefully considered strategic decision” that “is not directed against anyone, any country, or institution” and is aligned with the country’s long-term national interests and economic ambitions.

“[The decision] serves our national interests and long-term strategic objectives, aligns with our industrial, economic, and developmental ambitions, and gives us greater ability to accelerate investment, expand, and create value,” Dr. Al Jaber said.

“Real strength is not measured by the abundance of resources, but by how they are harnessed to create value and serve the nation.”

He stressed that the UAE “will remain a trusted and responsible partner in global energy markets” and will continue supporting market stability “from a position of greater flexibility.”

He added that the move forms part of a broader national strategy to reshape the economy and industrial base through a vision that connects energy, technology, and industry, aligning resources with national priorities to build a stronger economy.

AI to become an industrial brain across UAE factories

In line with the UAE government’s direction to deploy AI agents and advanced AI models across services and operations, the country is launching what Dr. Al Jaber described as an unprecedented technological and digital transformation across its industrial ecosystem.

“Artificial intelligence will no longer be just a tool in our factories,” he said. “It will become an industrial brain and a partner in decision-making – redefining efficiency, productivity, and the decision-making process.”

He added that the transformation reflects an integrated economic model through which the UAE is shaping and anticipating the future.

A global platform for industrial growth

Addressing investors and manufacturers, Dr. Al Jaber positioned the UAE as a global platform for growth, offering a business environment built on credibility and trust, flexible regulation, disciplined governance, world-class financial services, advanced infrastructure and logistics, and strong connectivity to international markets.

“In the UAE, ideas are transformed into industries, and investment is transformed into value,” he said.

Dr. Al Jaber also called on the UAE’s private sector, chambers of commerce and industry, and sovereign wealth funds to prioritize domestic investment.

“Direct Domestic Investment is no longer an option – it is a priority,” he said. “Because it is an investment in our stability, our economic sovereignty, and the future of generations to come.”

The way ahead

“The economies of the future will be built on three foundations: energy that powers, technology that thinks, and industry that produces,” Dr. Al Jabersaid.

“Those who successfully combine energy, artificial intelligence, and industry will strengthen their ability to grow and compete globally. And that ecosystem is already taking shape here in the United Arab Emirates.”

Dr. Al Jaber's closing message was direct: “From the UAE, opportunities begin. From the UAE, industries launch to the world.”

“Build with us. Invest with us. Make it in the Emirates.”

(WAM)-


The UAE Capital Market Authority (CMA) recorded integrated regulatory performance in 2025, reflecting the strength of its legislative framework, the flexibility of its supervisory system, and growing confidence among domestic and international investors, reinforcing market depth and the UAE’s position as a regional and global financial hub.

According to the CMA’s 2025 annual report, issued Monday, financial markets recorded strong liquidity, with average daily trading reaching AED2.21 billion, marking a 24.16 percent increase compared to 2024.

Net foreign investment inflows totalled AED18.7 billion, including AED 14.1 billion in Abu Dhabi and AED 4.6 billion in Dubai, while net institutional investment reached AED 1.17 billion.

The market capitalisation of the Abu Dhabi Securities Exchange rose to AED 3.14 trillion, up 4.7 percent, while the Dubai Financial Market reached AED 0.98 trillion, marking growth of 7.6 percent.

Mohamed Ali Al Shorafa, Chairman of the CMA, said the UAE’s financial sector is undergoing a qualitative transformation where national vision intersects with the dynamism of global markets, noting that the Authority is developing an advanced regulatory environment that balances economic growth, financial stability and institutional confidence.

Waleed Saeed Al Awadhi, Chief Executive Officer, said 2025 marked an advanced milestone in the Authority’s journey, with efforts carried out under a strategic framework combining legislative development, enhanced supervisory efficiency and support for innovation to ensure sustainable growth and reinforce confidence in financial markets.

The report indicated strong momentum in issuance activity during 2025, with total equity listings in local markets reaching approximately AED 14.53 billion, including AED 7.29 billion through initial public offerings and AED 7.24 billion through direct listings, alongside AED 6.12 billion in capital increases.

The value of listed bonds and sukuk reached AED 27.6 billion, while bond and sukuk issuances through private placements totalled AED 638 billion. Green bonds and sukuk amounted to AED 8.6 billion.

During the year, four companies were listed and five public joint-stock companies registered, while three mergers and acquisitions were approved, bringing the total number of companies to 199 by year-end.

Local investment funds saw notable expansion, with the number of licensed funds reaching 37 in 2025 compared to 18 in 2024, representing growth of 106 percent. End-of-service gratuity savings funds totalled 13.

The total number of foreign investment funds registered with the Authority reached 158, in addition to 44 funds registered under passporting agreements and four foreign funds registered for listing purposes by the end of 2025.

The licensing sector recorded strong growth, with the total number of licensed companies reaching 244 and total licences issued standing at 602, including 252 new activities.

The Authority provided 259 legal consultations, reviewed 58 grievances, and obtained 12 ISO certifications.

It also strengthened its risk-based supervisory framework, conducting on-site inspections for 80 out of 84 targeted companies, assessing risks for 155 licensed firms, and organising 14 compliance workshops attended by 2,291 participants.

On enforcement, the Authority handled 75 complaints and took 324 supervisory actions, including 99 warnings, 82 alerts, 73 financial penalties and 44 referrals to the Public Prosecution, in addition to two trading suspensions and four directives.

The CMA also enhanced its international presence, with total memoranda of understanding reaching 166, including seven newly signed agreements. It held 52 bilateral international meetings, processed 65 requests from IOSCO members, and participated in 10 international conferences and meetings.

In terms of human capital, the Authority continued investing in national talent, with Emiratisation reaching 82.8 percent. The workforce totalled 169 employees, with women representing 42.8 percent and 9.1 percent of leadership positions.

(WAM)-

Abu Dhabi Quality and Conformity Council is participating in the fifth edition of Make it in the Emirates 2026, taking place from 4th to 7th May at ADNEC Centre Abu Dhabi, with the participation of leading decision-makers, experts, and major industrial and investment entities.

This participation underscores the Council’s pivotal role in advancing the national quality infrastructure and strengthening the competitiveness of the UAE’s industrial sector.

As part of efforts to reinforce the national quality infrastructure, the Ministry of Industry and Advanced Technology has launched the Quality Hub for the first time nationwide. Abu Dhabi Quality and Conformity Council is responsible for organising and operating the platform in collaboration with its strategic partners, thereby enhancing the integration of the national quality ecosystem and improving the efficiency of the industrial sector. The Quality Hub focuses on five key pillars: standards, conformity assessment, inspection and quality assurance, calibration, and accreditation, supporting the development of an integrated industrial environment built on quality and reliability.

During its participation, Abu Dhabi Quality and Conformity Council will showcase its central role in leading the quality ecosystem by highlighting the national quality framework, strengthening regulatory governance, and reinforcing trust in industrial products and services, further positioning Abu Dhabi as a global hub for quality and accreditation. The Council will also highlight its advanced capabilities in inspection, testing, certification, conformity assessment, and calibration, which serve as fundamental enablers for manufacturers by facilitating market access, enhancing compliance with product requirements, and improving export readiness, ultimately strengthening the competitiveness of UAE-made products both locally and globally.

Engineer Fahad Ghareeb Al Shamsi, the Council’s Acting Secretary-General, emphasised that the Council’s participation in Make it in the Emirates 2026 reflects its ongoing commitment to advancing the national quality infrastructure.

He stated, “Through this participation, we continue to strengthen the UAE’s quality infrastructure in a way that supports the competitiveness of national products and enhances their readiness for global markets. We are also working to empower the industrial sector through an integrated ecosystem centred on inspection, accreditation, and conformity assessment, reinforcing market confidence in UAE products and further cementing the country’s position as a global hub for quality and industrial excellence.”

Through participation in Make it in the Emirates 2026, Abu Dhabi Quality and Conformity Council reaffirms its commitment to supporting the UAE’s industrial transformation and to embedding a comprehensive quality ecosystem aligned with global best practices, contributing to the development of a sustainable industrial economy built on innovation, trust, and quality.

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Engineer Saeed Ghumran Al Remeithi, Group CEO of EMSTEEL, affirmed that the group plays a pivotal role in supporting the national economy and strategic projects in the UAE by strengthening local supply chains, supporting the construction and infrastructure sectors, and enhancing the global competitiveness of Emirati industry.

Al Remeithi told Emirates News Agency (WAM), on the sidelines of Make it in the Emirates 2026, that EMSTEEL contributes to the national economy through local spending exceeding AED3.5 billion within supply chains, boosting in-country value and supporting local suppliers.

He added that the group operates 14 plants with an annual production capacity of around 3.5 million tonnes of steel and 4.6 million tonnes of cement. It holds approximately 45 percent of the UAE rebar market, reflecting its role in supporting the construction sector and ensuring continuity of strategic projects.

He noted that EMSTEEL products reach more than 70 global markets, underscoring the competitiveness of UAE industry and its ability to expand internationally. He added that the group’s role extends beyond production to enabling major infrastructure projects, supporting supply chain stability, and reinforcing the UAE’s position as a leading global industrial hub.

On digital transformation, Al Remeithi said artificial intelligence forms an integral part of EMSTEEL’s operations, with the group relying on it for real-time data analysis to better understand performance and enable faster, more proactive decision-making.

He explained that AI technologies are used to improve raw material efficiency, enhance furnace performance, reduce energy consumption, and forecast demand with up to 84 percent accuracy, positively impacting planning stability and supply chain flexibility.

He added that EMSTEEL also uses smart systems to monitor risks in real time, alongside a unified platform comprising more than 500 AI-supported safety documents, facilitating faster access to information and improving implementation accuracy across work sites.

Regarding price stabilisation, Al Remeithi emphasised its importance as a key pillar for market stability, noting that the decision aims to provide a clear environment for developers and contractors to plan and execute projects with confidence, free from market volatility and cost uncertainties.

He added that price clarity and stability directly support the continuity of vital projects and enhance activity in the construction and infrastructure sectors, contributing to balanced and sustainable market growth.

(WAM)-


Etihad Rail transported 1.8 million tonnes of sulphur in 2026, alongside more than 4 million tonnes of aggregates and over 129,000 containers, reflecting continued growth and operational efficiency, according to Adhraa Almansoori, Director of Public Policy and Sustainability at Etihad Rail.

Almansoori told Emirates News Agency (WAM), on the sidelines of Make it in the Emirates 2026, that the company has supported sustainability goals by eliminating more than 340,000 truck journeys on roads and reducing carbon emissions by between 70 percent and 80 percent per trip. She noted that rail freight services provide a comprehensive, cost-effective and reliable logistics solution across the UAE.

She added that freight services on the national railway network are directly connected to Khalifa Port, Jebel Ali Port and the Industrial City of Abu Dhabi (ICAD), as well as key logistics hubs through 11 stations, including four major ports. Each freight train can carry the equivalent load of 300 heavy trucks, enhancing efficiency in transporting large volumes of goods in a single journey.

She noted that current clients include ADNOC for sulphur transport, Stevin Rock for aggregates, and Borouge for petrochemicals. Freight trains operate on scheduled timetables and dedicated corridors, ensuring continuity of operations without disruption from traffic congestion or road incidents.

Almansoori confirmed that Etihad Rail Freight, responsible for cargo operations, has recorded consistent growth since the launch of freight services in February 2023, contributing to trade flows and supply chain efficiency in line with the growing needs of the industrial sector.

Regarding passenger services, she said operations will be introduced in gradual, carefully planned phases, with the first phase set to begin in 2026, ensuring the highest standards of safety, reliability and efficiency in line with global best practices.

She explained that the initial phase will connect Abu Dhabi and Dubai, extending to Fujairah on the east coast, noting that route selection was based on criteria including population density, demand levels and connectivity priorities between the emirates.

On the company’s participation in Make it in the Emirates 2026, Al Mansoori said Etihad Rail is taking part for the second consecutive year, reflecting the importance of the event in supporting industrial growth, investment and transformative technologies, as well as boosting economic development in the UAE.

She added that the Etihad Rail network represents an integrated national model aligned with the Make it in the Emirates vision, noting that 70 percent of construction materials used in developing and operating the network were sourced from local companies, while local suppliers account for 97 percent of the company’s total suppliers, underscoring support for national industries and confidence in Emirati capabilities.

(WAM)-


The UAE Cyber Security Council and IBM announced plans to establish a joint Innovation Center in Abu Dhabi to help accelerate the UAE Government’s agenda for trusted AI, cybersecurity, and next-generation digital innovation.

The announcement was made at the Make it in the Emirates 2026 event, in the presence of Dr. Mohamed Al Kuwaiti, Head of Cyber Security for the UAE Government and Chairman of the UAE Cyber Security Council, and Shukri Eid, General Manager, IBM Gulf, Levant and Pakistan.

The joint Innovation Center will serve as a unique, strategic platform for co-creation across government, industry, academia and international partners; bringing together technology, expertise, and policy engagement to support the UAE’s national vision for AI, cybersecurity, and digital transformation.

It will help advance responsible AI adoption, strengthen cyber resilience, and support trusted digital transformation in line with the UAE’s national priorities. It will also provide a platform for IBM to bring its technologies, global expertise, and ecosystem collaboration to clients and partners in the UAE and across the wider region.

Core priorities span talent and capacity building, emerging technologies, governance and trust frameworks, and solution development. This includes co-creating and co-developing national capabilities in AI, cybersecurity, and advanced digital skills; exploring technologies such as AI, intelligent automation, and advanced cybersecurity capabilities; shaping governance frameworks aligned with national requirements and global standards; and exploring opportunities to co-develop localized solutions for regional and international markets through ecosystem and go-to-market engagement.

Dr. Mohamed Al Kuwati, Head of Cyber Security for the UAE Government, said, “With the guidance our leadership, The UAE is committed to build a secure, future-ready digital ecosystem that is resilient, innovative, and globally competitive. Our collaboration with IBM reflects the importance of trusted partnerships in strengthening national cybersecurity capabilities, advancing responsible technology adoption, and supporting the country’s broader digital transformation journey.”

Shukri Eid, General Manager, IBM Gulf Levant and Pakistan, added, “The UAE has established itself as one of the world’s most forward-looking environments for technology-led transformation. Through the Innovation Center in Abu Dhabi, we aim to reinforce IBM’s commitment to the UAE by advancing innovation, supporting local talent and capability development, and creating a powerful platform for trusted innovation that helps advance responsible AI, strengthen cybersecurity resilience, and support the country’s long-term strategic ambitions.”

The joint Innovation Center will bring together the UAE Cyber Security Council and IBM to co-create trusted AI and cybersecurity solutions, strengthen national talent and capabilities, and help advance locally developed innovations for regional and global markets.

By combining IBM’s global expertise with the UAE Cybersecurity Council’s national vision and leadership, the initiative will support enduring local capabilities and reinforce the UAE’s role as a leading destination for trusted technology innovation and strategic collaboration.

The planned relationship is subject to the parties reaching definitive agreements.

(WAM)-



Krumm-tec, a company specialised in advanced engineering solutions, has launched its operations in Abu Dhabi in a strategic move aimed at enhancing operational readiness across critical sectors, including defence, aviation, energy, transport and advanced industries.

This step coincides with the company’s participation in the Make it in the Emirates 2026 platform and comes as the UAE accelerates efforts to strengthen its industrial capabilities and localise technical knowledge. Krumm-tec focuses on delivering innovative solutions that improve operational efficiency, reduce downtime and enhance the reliability of sensitive systems and components.

Thomas Karl Krumm, CEO of the parent company, said the firm is entering the UAE market as a long-term partner to support operational readiness in vital sectors, drawing on nearly 70 years of global experience to deliver engineering solutions that enhance performance and sustainability.

Jassim Mubarak Masoud Al Dhaheri, Board Member, said the entry of specialised global companies such as Krumm-tec represents a qualitative addition to the country’s industrial sector, particularly in fields requiring high precision. He added that this supports the UAE’s direction towards advanced industries and improved operational efficiency in line with the highest global standards.

Michael Christian Gleichauf, Chief Executive Officer of Krumm-tec UAE, said the launch of operations in Abu Dhabi marks a key milestone reflecting the company’s commitment to supporting markets that prioritise industrial innovation and operational readiness. He added that the company looks forward to building long-term partnerships that enhance asset reliability and create sustainable value.

Through its presence in Abu Dhabi, Krumm-tec aims to establish strategic partnerships with industrial and government entities, contributing to the development of an integrated ecosystem that supports operational continuity and enhances the efficiency of industrial assets, in line with the UAE’s vision to position itself as a global hub for advanced industries.

The company is also working to transfer its engineering expertise to the local market, focusing on developing tailored solutions that meet the needs of highly sensitive operational environments while supporting the highest standards of quality and safety.

Krumm-tec has a long-standing track record in delivering advanced engineering solutions to clients worldwide, with its technologies contributing to improved performance and extended lifecycle of critical components across multiple strategic sectors.

It's decided that Thursday, 7th of May 2026 will be an official holiday at EGX for the celebration of Labor Day, trading will be resumed effective Sunday 10th of May 2026.

(QNA)-


The official price of Oman crude oil for July delivery reached USD 106.16 per barrel on Tuesday, rising by USD 4.12 compared to Monday's price of USD 102.04 pb.

The monthly average price for Oman crude oil for May delivery stood at USD 124.05 pb, marking a rise of USD 55.90 from the April delivery price.

(QNA)-


The Central Bank of Syria has issued a decision allowing banks, financial institutions, and licensed electronic payment companies to work with their global counterparts, such as Visa and Mastercard, in a step aimed at developing the country's financial sector and promoting digital transformation.

The decision comes as part of a strategy to modernize payment systems and expand financial services, paving the way for the gradual integration of the Syrian market into the global financial system, the bank said.

The decision enables the provision of more advanced and secure payment services, allows visitors to Syria to use their international cards, and facilitates card usage for Syrians abroad, it added.

The Central Bank of Syria said that this move also supports e-commerce, reduces reliance on cash, enhances the efficiency and security of financial transactions, and helps transfer modern expertise and technologies to the local market

(QNA)-


Qatar Chamber affirmed the importance of supporting entrepreneurs in dealing with legal and financial challenges by promoting the fundamentals of sound financial planning, raising awareness of legal rights and obligations, as well as the importance of financial literacy in avoiding risks.
This came during a workshop organized by Qatar Chamber in cooperation with the Young Entrepreneurs Club and several supporting entities, under the title of "Do Not Risk Your Future: Basics of Financial and Legal Awareness for Youth," which was held virtually with the participation of an elite of entrepreneurs and interested participants.
Delivered by lawyer Aisha Al Madeed, the workshop focused on enhancing financial and legal awareness among youth, covering key topics such as financial planning, legal rights and obligations, risk management, and supporting entrepreneurs in addressing legal and financial challenges.
In turn, Head of the Training and Development Department at Qatar Chamber, Fatima Al Kuwari, said the workshop reflects the Chamber's commitment to equipping youth with the tools needed to manage their financial and legal future and make informed decisions.
The Chamber continues to develop training programs aligned with market needs and praised the cooperation with partner entities in supporting youth capabilities and professional and financial stability, she added.

(QNA)-


Qatar National Bank (QNB) Group, a Qatari public shareholding company,آ announced the launch of payment card acceptance services and digital payment solutions in Syria, following the recent decision issued by the Central Bank of Syria regarding the modernization of the country’s financial sector.
A statement issued by the group explained that this achievement represents a step toward developing the digital payments infrastructure in Syria and reflects QNB Group’s continued commitment to supporting economic growth, promoting financial inclusion, and providing a safe trading environment.
In this context, Senior Executive Vice President of Group Retail Banking at QNB Adel Ali Al Malki said they are proud to be the first bank in the world to support the acceptance of digital payments and international payment cards in the Syrian market, which is witnessing a rapid transformation led by the efforts of the Central Bank of Syria to reduce reliance on cash, as they look forward to providing a seamless, secure and instant digital payment experience that exceeds customers’ expectations.
The statement indicated that the launch of the service reflects close coordination between several parties, with full commitment to local regulations and international standards, and a phased, organized approach will be adopted to support the sustainable expansion of admissions services across various sectors.

(QNA)-


Price of Kuwaiti oil rose by $7.11 to reach $119.43 per barrel (pb) in Monday’s trading, compared to $112.32 pb in last Thursday’s trading, according to the Kuwait Petroleum Corporation (KPC) on Tuesday.

In global markets, Brent crude rose by $6.27 to reach $114.44 pb, while US West Texas Intermediate increased by $4.48 to reach $106.42 pb.