YTO Express posted a first-three-quarter net profit of 4.63 billion yuan, up 60.94% year on year, driven by higher parcel volumes and recovering margins. UAE sovereign wealth fund Abu Dhabi Investment Authority newly entered the Shanghai-listed courier's top ten tradable shareholders list.
International law firm White & Case is advising DIP Holding on U.S. and English law for its upcoming listing on the Dubai Financial Market. The transaction represents the first initial public offering in the United Arab Emirates in 2026. The listing involves a 20% stake sale by parent company Dubai Investments PJSC amid wider regional market caution.
Sheikh Saud bin Saqr Al Qasimi, ruler of Ras Al Khaimah, visited XPENG AEROHT's mass-production plant in Guangzhou on October 20. Together with founder Zhao Deli, he unveiled and took delivery of the first 'Land Aircraft Carrier' (model X3-F) test unit for the UAE's low-altitude regulatory demonstration zone. The milestone advances a strategic cooperation agreement and regulatory sandbox initiative launched in September.
Business jet departures in the UAE grew 102.2 percent over five years to reach 5,475 flights, according to Honeywell Aerospace data. The expansion is driving increased regional demand for aircraft maintenance, fleet management, and avionics upgrades. Saudi Arabia also recorded 3,727 business jet departures over the same period, representing 42.2 percent growth.
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