Sharjah: Sharjah’s real estate sector recorded AED27 billion in transactions during the first half of 2025, reflecting a 48.1 percent increase from AED18.2 billion in the same period last year. Additionally, the Sharjah Real Estate Registration Department reported 48,059 transactions, marking a 3.3 percent rise compared to 46,524 transactions during the same period last year. According to Emirates News Agency, the strong performance indicates growing investor confidence in Sharjah’s real estate sector, driven by economic stability, investor-friendly legislation, and modern infrastructure. The variety of investor nationalities has further strengthened the emirate’s position as a competitive and attractive property market. In

Muscat: The Sultanate of Oman on Thursday condemned the Israeli Knesset’s approval of a draft bill calling for the imposition of Israeli sovereignty over the West Bank in Palestine. In its response, Oman expressed strong disapproval of the decision, emphasizing its implications for regional stability and peace efforts. According to Emirates News Agency, the Omani Foreign Ministry issued a statement highlighting that the move defies international law and the resolutions of the international community. The statement emphasized that the decision undermines Middle East peace efforts, the Palestinian people’s right to self-determination, and the two-state solution, which has been an essential

Abu dhabi: H.H. Sheikh Theyab bin Mohamed bin Zayed Al Nahyan, Deputy Chairman of the Presidential Court for Development and Fallen Heroes’ Affairs and Chairman of the International Humanitarian and Philanthropic Council (IHPC), has chaired the second meeting of the IHPC. The meeting focused on the strategic direction of the foreign aid sector and evaluated the 2024 Foreign Aid Report, along with programmes designed to empower professionals in the humanitarian field. According to Emirates News Agency, H.H. Sheikh Theyab underscored the necessity of unified efforts among relevant local entities to carry out a range of humanitarian and development initiatives worldwide.

Beijing: Chinese President Xi Jinping met with European Council President Antonio Costa and European Commission President Ursula von der Leyen in Beijing on Thursday, as the 25th China-EU Summit opened with the aim of strengthening relations. According to Emirates News Agency, during the summit, President Xi Jinping emphasized the importance of making “correct strategic choices that meet the expectations of the people and stand the test of history.” His remarks highlight the significance both parties place on navigating their future relationship in a manner that is forward-looking and historically significant. Von der Leyen described the summit as an opportunity to

Abu dhabi: The Ministry of Foreign Affairs (MoFA), committed to providing excellent services, has organised its inaugural Customer Council for accredited diplomatic missions in the UAE for the year 2025. According to Emirates News Agency, the event, co-developed with the Prime Minister’s Office, was attended by Omar Obaid AlHesan AlShamsi, Undersecretary of MoFA, and Mohamed Rashid bin Taliah, Head of Government Services for the UAE Government, alongside ambassadors, heads of missions, and senior ministry officials. MoFA highlighted that Customer Councils serve as a strategic dynamic platform to actively engage customers in co-designing and evaluating government services. This reflects the ministry’s

Kuwait city: The price of Kuwaiti oil dropped by 15 cents, reaching US$70.86 per barrel in Wednesday’s trading, down from US$71.01 per barrel on Tuesday, the Kuwait Petroleum Corporation reported on Thursday. According to Emirates News Agency, Brent crude dropped by 8 cents to $68.51 per barrel, and West Texas Intermediate crude fell by 6 cents to $65.25 per barrel, as reported by the Kuwait News Agency.

Abu dhabi: Abdullah bin Awad Al Nuaimi, Minister of Justice and President of the Federal Judiciary Council, has issued a decision regarding the regulation of the Bankruptcy Court. The decision establishes that the Bankruptcy Court will be headquartered at the Abu Dhabi Federal Courts of First Instance, with jurisdiction over all applications and disputes emerging from the Federal Decree-Law on Financial Restructuring and Bankruptcy. According to Emirates News Agency, the decision allows the Federal Judiciary Council to create additional court headquarters in other Emirates if necessary, which will handle the same types of applications and disputes as the original court.

Dubai: Emirates Islamic has announced its financial results for the first half of 2025, reporting a net profit of AED1.863 billion, marking a 12 percent increase compared to the same period last year. According to Emirates News Agency, the bank reported a record AED2.2 billion profit before tax in the first half of 2025, reflecting strong growth momentum. Total income rose 9 percent year-on-year to AED2.9 billion, driven by continued expansion in both funded and non-funded income streams. Total assets increased by 24 percent to AED138 billion, while customer financing rose 13 percent to AED80 billion. Customer deposits showed exceptional