FME Staff

Tecom Group Posts 22% Profit Surge, Announces Dh400 Million Interim Dividend

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Tecom Group has reported a robust 22% year-on-year profit growth for H1-2025, reaching Dh737 million, backed by strong performance across its portfolio of business hubs. Revenue also climbed over 20% to Dh1.4 billion, driven by 95% average occupancy across its properties and 99% occupancy in its land lease portfolio. In line with this performance, the […]

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BEYOND Unveils PASSO, a Landmark Waterfront Development on Palm Jumeirah

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BEYOND Developments, the luxury real estate brand by OMNIYAT Group, has announced PASSO a  bold, sculptural waterfront project located on the West Crescent of Palm Jumeirah. This marks BEYOND’s first venture outside Dubai Maritime City and signals a strategic leap in its vision to shape human-centric, experience-driven spaces. Launched in style with an immersive 4,000-drone

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Tesla Shares Tumble as Musk’s ‘America Party’ Escalates Feud with Trump

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Tesla stock plunged 7% after CEO Elon Musk announced the formation of a new political movement—the “America Party” intensifying his ongoing feud with former U.S. President Donald Trump. The fallout from this latest development is being felt directly by investors, as market confidence in Tesla continues to waver. In a weekend statement, Musk revealed plans

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ADX and Budapest Stock Exchange Forge Strategic Pact to Expand ETF and Dual Listing Opportunities

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The Abu Dhabi Securities Exchange (ADX) has signed a strategic Memorandum of Understanding (MoU) with the Budapest Stock Exchange (BSE) to boost cross-border market integration and investor access. The agreement, signed in Budapest in the presence of UAE Ambassador to Hungary Saud Hamad Al Shamsi, aims to advance exchange-traded fund (ETF) development, dual listings, and

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AMEA Power Joins Second Phase of Morocco’s Agadir Desalination Project with €250M Investment

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AMEA Power, one of the Middle East’s fastest-growing renewable energy companies, has officially entered the second phase of the Agadir desalination project in Morocco, marking its first foray into the water sector in Africa. The expansion, part of a joint venture with Cox, will bring the plant’s capacity to 400,000 m³/day, making it one of

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Saudi’s Sawt Secures $1M to Scale Its AI-Powered Customer Service Platform

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Riyadh-based AI startup Sawt has secured $1 million (SAR 3.75 million) in a pre-seed funding round led by STV and T2, as it sets out to revolutionize customer service across the GCC using advanced Arabic-native voice AI. The startup replaces traditional call centers with AI-powered voice agents capable of handling bookings, support, and sales calls

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