The UAE has unveiled an Abu Dhabi-built probe for its 2028 Emirates Mission to the Asteroid Belt targeting asteroid 269 Justitia. Gulf states including Saudi Arabia and Oman are advancing domestic space capabilities and infrastructure to diversify their economies. The regional expansion comes as West Asian countries navigate international partnerships between the United States and China.
The Emirates Group reported a pre-tax profit of AED 4.1 billion ($1.1 billion) for the first six months of the 2026-27 financial year, with after-tax profit falling 66% to AED 3.6 billion. Group revenue declined 12% to AED 66.2 billion as operations navigated regional conflict, airspace disruptions, and elevated jet fuel prices. The group retained cash reserves of AED 54.1 billion after debt servicing, aircraft delivery pre-payments, and dividend distributions.
China has stepped up diplomatic engagements to urge de-escalation between the United States and Iran amid risks to global energy security, according to a Reuters analysis published by Voice of Emirates. While China remains Iran's top oil buyer, its leverage is primarily commercial and balanced against roughly $300 billion in annual trade with Arab Gulf states. The analysis characterizes Beijing as an active observer rather than a decisive mediator as Qatar leads parallel de-escalation talks.
Chinese fintech company Lianlian DigiTech has officially inaugurated its Middle East regional headquarters in Dubai International Financial Centre's Gate Village. The opening follows the firm securing a Category 3D Payment Service Provider license from the Dubai Financial Services Authority.
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