Economy
UAE Dominates Middle East Aviation Capacity in October
Layla Al MansooriThe UAE continues to dominate Middle Eastern aviation, capturing over 21% of the region's total flight capacity in October 2025. With 7.9 million sche...
Global Markets Anticipate Another U.S. Interest Rate Cut as Economic Outlook Shifts
Global stock markets wrapped up the week with widespread gains as investors bet on another Federal Reserve interest rate cut in the coming months. Whi...
UAE Stock Market Gains AED 12 Billion in Weekly Valuation Boost
UAE stock markets gained 12 billion dirhams in market value last week, with Dubai Financial Market leading the charge at nearly 10 billion dirhams whi...
Abu Dhabi Customs and American Altana Tech Forge Strategic Partnership
Abu Dhabi Customs has partnered with US-based Altana Technology to develop AI-powered supply chain solutions that could reshape global trade operation...
Abu Dhabi Ports and China's Shandong Ports Partner to Develop Eco-Friendly Automotive Manufacturing Hubs
Abu Dhabi Ports and China's state-owned Shandong Port Group signed a preliminary strategic partnership to build eco-friendly car business hubs across...
Gold Poised for 7th Weekly Gain Amid Hopes of Interest Rate Cut
Gold is heading for its seventh straight week of gains, staying steady on Friday as investors bet on more US interest rate cuts and worry about a pote...
Dubai Offers Exemplary Environment for Financial and Business Enterprises, Says Sheikh Maktoum bin Mohammed
Dubai's Deputy Ruler Sheikh Maktoum bin Mohammed Al Maktoum met with PayPal's global CEO Alex Chriss to discuss strengthening the UAE's position as a...
UAE Explores Strengthening Partnership with OECD for Economic Cooperation and Development
The UAE and the OECD are deepening their economic partnership after nearly two decades of collaboration, with plans for a dedicated UAE office at the...
Leading Pharmaceutical Firms Spimaco and Adkan Forge Manufacturing Partnership in UAE and Saudi Arabia
Two major pharmaceutical companies from Saudi Arabia and the UAE just signed a deal that could reshape drug manufacturing across the Gulf region. Spim...
Cryptocurrency Reporting Survey: Investors Weigh In on New Regulations
The UAE Securities and Commodities Authority is asking investors to help shape new rules for crypto reporting. The country wants to implement the OECD...
Dubai Electricity and ENOC Partner to Expand Electric Vehicle Fast-Charging Network
Dubai's electricity and water authority just signed a deal with ENOC Group to expand fast-charging stations for electric vehicles across ENOC's gas st...
General Motors Recalls Over 23,700 Vehicles Amid Safety Concerns
General Motors is recalling 23,700 electric Chevrolet Equinox vehicles from 2024 because their pedestrian warning systems aren't loud enough. The prob...
UAE Soars to New Heights, Secures 7th Term on ICAO Council, Solidifying Global Aviation Leadership
The UAE has won a seat on the International Civil Aviation Organization (ICAO) council for the seventh consecutive time, cementing its position as a m...
UAE Secures 7th Consecutive Term on ICAO Council, Cementing Its Aviation Leadership
The UAE won its seventh consecutive seat on the International Civil Aviation Organization (ICAO) council during elections held in Montreal, Canada. Th...
South Korea Sees 16.4% Surge in Foreign Tourist Arrivals in August
South Korea's tourism industry hit a major milestone in August, with foreign visitor numbers jumping 16.4% compared to the same month last year to rea...
Discover the Global Gathering: 'WETEX' Debuts in Dubai with 3,100 Exhibitors from 68 Countries
The 27th Water, Energy and Environment Technology Exhibition (WETEX) kicked off in Dubai with 3,100 exhibitors from 68 countries. Dubai Electricity an...
Fuel Prices Announced for October in the UAE: Drivers Brace for Latest Cost Updates
The UAE's fuel pricing committee has set new rates for October 2025, with diesel priced at 2.71 dirhams per liter and gasoline ranging from 2.58 to 2....
UAE Emerges as Entrepreneurial Capital: Experts Predict New Era of Growth
The UAE has launched a national campaign called "UAE: Global Capital of Entrepreneurs" to cement its position as a world hub for startups and business...
UAE Investment Agency and Kita Sign MoU to Establish Company's Headquarters in the Emirates
The UAE Ministry of Investment signed a deal with Keeta, the international arm of global delivery giant Meituan, to establish the company's regional h...
XRG Board Unveils Investment Strategy Roadmap for Growth and Opportunity
XRG, the energy investment company launched by ADNOC in November 2024, held its first board meeting outside the UAE at Blackstone's Manhattan headquar...
ADNOC Distribution Unveils Refreshed Retail Brand Identity
ADNOC Distribution unveiled a major rebrand of its popular convenience store chain, changing from "ADNOC Oasis" to "Oasis by ADNOC." The company is be...