Business News

The UAE's real gross domestic product grew by 3 per cent in the first quarter of 2026 to reach AED485 billion, reflecting the resilience of the national economy despite the regional challenges.

The Ministry of Finance has become the first federal entity to allow the use of 'Aani' and 'Jaywan' to pay federal service fees and fines.

OPEC+ has agreed to increase oil production by around 188,000 barrels a day from September, completing the rollback of voluntary output cuts introduced in 2023.

The UAE and Egypt have agreed to establish a phased framework for the gradual expansion of air services between the two countries to meet growing demand for passenger traffic, create new opportunities for airlines and further boost economic ties.

As many as 237 hotels have been awarded the Dubai Sustainable Tourism (DST) stamp for their commitment to responsible hospitality practices.

BMW said on Wednesday it will cut several thousand jobs in Germany by the end of 2027 under a voluntary redundancy programme, the latest German carmaker to axe staff in response to squeezed profits and weak demand.

A UAE delegation has explored ways to strengthen cooperation in digital safety and responsible AI policies with representatives from Snapchat during a meeting in London.

Emirates has officially launched crypto.com pay to allow passengers to book their flights using cryptocurrency.

The Dubai International Financial Centre (DIFC) has surpassed 10,000 active registered companies for the first time in its history in a record-breaking first half of 2026.

Dubai Electricity and Water Authority (DEWA) International have held high-level talks with several Greek companies as part of plans to expand their global outreach.

Aster Clinics UAE has announced plans to expand its network from 85 to over 100 facilities across the UAE by 2030, with a commitment to invest AED 100 million and increase staff strength to 4,100 across the country.

Dubai Electricity and Water Authority's (DEWA) international branch visited London this week to meet with senior leadership from ING and Actis.

Australia will consider building its first new oil refinery in more than 60 years, Prime Minister Anthony Albanese said on Tuesday, as war in the Middle East squeezes supplies from overseas and underscores the urgency to improve energy security.

The UAE is looking to strengthen trade and investment ties with Canada following a visit to Toronto by Minister of Foreign Trade Dr Thani bin Ahmed Al Zeyoudi.

DEWA International has held talks with several leading French energy companies as it looks to expand its global presence following its launch last month.

Dr. Thani bin Ahmed Al Zeyoudi, UAE Minister of Foreign Trade, and Maninder Sidhu, Canadian Minister of International Trade, have announced the conclusion of Comprehensive Economic Partnership Agreement (CEPA) negotiations between the two countries.

The United States is introducing new tariffs on imports from 60 trading partners, including the European Union, China, Japan and South Korea, in a move that could reshape global trade flows and supply chains.

A long-awaited US-India trade agreement could be signed within the next three to four months, a senior US official said on Wednesday, indicating negotiations between the two sides have been virtually completed.

Alphabet's GOOGL.O Google was fined a total of €890 million ($1 billion) on Thursday for flouting European Union rules aimed at reining in the power of Big Tech, the European Commission said.

US President Donald Trump has announced sweeping new tariffs of up to 50 per cent on a broad range of Canadian imports, opening a new front in the trade dispute between the neighbouring countries.

Fitch Ratings has assigned Invest Bank (INB) its first long-term credit rating of BBB+ with a stable outlook, marking the institution’s strong financial profile and positioning the bank for sustainable long-term growth.

ADNOC has approved a $6.2 billion (AED22.6 billion) investment to develop the Umm Shaif Gas Cap project, as it steps up plans to expand the UAE's natural gas production and liquefied natural gas (LNG) exports.

The UAE has begun issuing Jaywan cards - its first homegrown payment scheme - to customers.

Measures and economic packages introduced by Dubai Customs have provided more than AED79 million in liquidity to the 428 companies in the private sector.

The UAE's non-oil foreign trade has reached a "historic" record of AED 1.937 trillion during the first half of 2026, His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, announced on Sunday.

An International Monetary Fund (IMF) team has concluded a ten-day visit to the UAE, holding talks with officials on the country's economic performance, financial outlook and policy priorities.

Apple overtook Nvidia on Friday to become the world's most valuable company, reshuffling the top ranks of tech heavyweights as investors reassess the outlook for artificial intelligence.

In a ruling that could expose automakers to greater liability over India's ethanol-blended fuel policy, a consumer court has ordered Maruti Suzuki to provide a new car to a customer who alleged mandatory E20 fuel damaged his vehicle.

Irish airline Aer Lingus could cut up to 500 jobs as part of a reorganisation, it said, citing high costs and a challenging economic environment as the sector grapples with surging oil prices due mainly to the US-Iran war.

Starting today, Parkin has expanded its smart paid parking services to Sharjah's Aljada following a five-year partnership with developer Arada.

Expo 2020 Dubai has reaffirmed its commitment to gender equality and women’s empowerment.

Expo 2020 Dubai and the United Nations Global Compact are joining forces to hold a Sustainable Development Goals Business Forum.

More than 2,500 online travel agents, tour operators, hotel groups and airlines have signed on as Authorised Ticket Resellers (ATRs) for Expo 2020 Dubai.

A spectacular line-up of sights, sounds and tastes await visitors at Expo 2020 Dubai, through a series of specially curated itineraries.

Apple on Tuesday launched the iPhone 12 with faster 5G connectivity, which the company hopes will spur a wave of upgrades and keep its sales booming through the end of the year.