Business & Investments

Led by Strong Demand, Volumes Growth, and Disciplined Execution

Almarai Delivers Strong Q2 2026 Growth and Resilient Profitability

  • Results reflect Almarai’s resilient business model, supply chain, and massive logistic network despite costs and regional pressures.
  • Almarai’s CEO: “We are confident in our strategy and commitment to food security, our leadership across target markets, and meeting consumer expectations.”

Riyadh, Saudi Arabia – July 5, 2026:  Almarai Company (“Almarai” or the “company”, 2280 on the Saudi Exchange), the world’s largest vertically integrated dairy company and the largest food and beverage manufacturing and distribution company in MENA, today announced strong financial results for the second quarter of 2026 (Q2) despite costs, shipping, and regional pressures. The strong performance is driven by strategic expansions, resilient supply chain, and robust demand across its core categories, particularly poultry and dairy.

Revenue grew by 11% year-on-year to 5.87 billion SAR in Q2, bringing first half revenue to 12.03 billion SAR, up 9% compared to H1 2025. Profitability remained stable with net profit reaching 635.7 million SAR in Q2, supported by topline growth and portfolio expansion underscoring the resilience of Almarai’s business model and its sound cost management.

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Featured

UAE Leader Promotes Global Peace Dialogue Amid Conflicts

UAE Humanitarian Leader Joins Global Call for Peace as International Spiritual Council Urges Dialogue Over Conflict

Dubai, July 4: Home to more than 200 nationalities living and working together in harmony, the UAE has long stood as a global example of peaceful coexistence, dialogue and mutual respect. Built on the principles of tolerance and cultural understanding, the nation continues to champion initiatives that promote stability, humanitarian values and constructive engagement at a time when conflicts and divisions are affecting communities across the world.

Reflecting these values, Sajeda Shawa, Head of the United Nations Office for the Coordination of Humanitarian Affairs (OCHA) in the UAE, has joined a growing chorus of international leaders, parliamentarians, faith representatives and humanitarian voices calling for greater dialogue and renewed efforts towards peace amid escalating global tensions.

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Education

Honoring Prof. K.K. Abdul Gaffar: A Legacy in Education

Prof. K.K. Abdul Gaffar ( 06/05/1037 – 05/07/2026) Passes Away

It is with profound grief and deep sadness that we announce the passing of Prof. K.K. Abdul Gaffar, an eminent techno-educationalist, academic leader, consultant engineer, author, and mentor, who passed away peacefully on 5 July 2026.

Prof. Abdul Gaffar dedicated his life to the advancement of engineering education, institutional development, and public service. Over a distinguished career spanning several decades in India and the United Arab Emirates, he inspired generations of students,

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Travel & Tourism

Air India Express: Save Up to 15% on International Flights

AIR INDIA EXPRESS ANNOUNCES ‘XPLORE MORE’ SALE WITH UP TO 15% SAVINGS ON INTERNATIONAL FLIGHTS

Offer valid on bookings made between 5–9 July 2026 for travel until 27 March 2027

Dubai,5-July-2026: Air India Express has announced the launch of its ‘Xplore More’ sale across international flights, offering up to 15% savings on Lite and Value fares. The sale will be open for bookings made until 9 July 2026 for travel between 5 July 2026 and 27 March 2027, with exclusive early access available on 5 July on the Air India Express website and mobile app, before opening across all major booking platforms from 6 July onwards.

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Business & Investments

VEON and Mastercard Join Forces to Accelerate Accessibility of Financial Services

Collaboration to expand accessible and inclusive financial services across Ukraine, Kazakhstan, Pakistan and Uzbekistan

Mete Guney, Executive Vice President, Market Development, EEMEA, Mastercard and Kaan Terzioglu, CEO, VEON Group

Dubai, July 3, 2026 – VEON Ltd. (Nasdaq: VEON), a global digital operator and Mastercard collaborate to accelerate the development of inclusive, intelligent and accessible financial services across Ukraine, Kazakhstan, Pakistan and Uzbekistan.

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