Overview:
The UAE energy sector continues expansion momentum with strategic capacity increases and international partnerships. Mabadala for Energy pursues disciplined growth to meet rising global energy demand, while Emirates and Al Fannaar for Gas have signed a cooperation memorandum to explore natural gas supply opportunities. Gold trading dominates non-oil external commerce, reaching 693 billion dirhams in the first half of 2026, affirming the UAE's position as a global gold trading hub. Real estate developers report strong financial performance, with Emaar Properties and Emaar Development posting double-digit profit growth.
Details:
Mabadala for Energy's expansion targets translate into measured operational performance aligned with long-term demand patterns across competitive gas resources. The company prioritizes sustainable value creation for shareholders and the nations where it operates, announced on the sidelines of the Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC 2026).
Gold trading in the first half of 2026 totaled 693 billion dirhams with 15,000 tonnes in weight, reflecting Dubai's established role as a conduit connecting African and Asian production markets to global consumers. The metal benefits from advanced refining and re-export infrastructure.
Real estate results underscore market resilience: Emaar Development reported revenues of 22.2 billion dirhams with net profits of 10.8 billion dirhams, representing 24 percent year-on-year growth through the first nine months of 2026. Emaar Properties recorded 37.5 billion dirhams in revenues and net profit after tax of 17.109 billion dirhams, up 16.8 percent for the same period. Both companies maintained strong balance sheets supported by ongoing project delivery and accumulated revenue from projects under completion.
Outlook:
Oil and gas sector investors monitor Mabadala for Energy's capital allocation strategy across the gas value chain. Real estate buyers and portfolio managers track Emaar entities' project delivery timelines and dividend capacity into 2027.