Business News from Friday, August 7th, 2026
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ADNOC affirms commitment to meeting customer requirements despite challenges
ADNOC says it remains focused on meeting customer needs despite challenging circumstances, following unprovoked attacks targeting its people and assets.
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Meta ordered to pay $567 million in New Mexico for teen mental health fund
A New Mexico state court ordered Meta on Thursday to pay $567 million into a teen mental health fund and change how its platforms function for young users after finding the company is to blame for harming children's wellbeing.
News
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UAE expands youth empowerment efforts across key sectorsThe UAE is highlighting its youth empowerment efforts in sustainability, technology and international development as the country marks International Youth Day on August 12.
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UAE authorities seize 3.5 million non-compliant excise goodsThe Federal Tax Authority (FTA) says joint inspection campaigns with Dubai Police in the first half of 2026 led to the seizure of more than 3.5 million non-compliant packages of excise goods.
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Gargash highlights need to end region's 'indefinite' stateDr Anwar Gargash, diplomatic advisor to the UAE president, has highlighted the region cannot remain in an indefinite state of "neither war nor peace".
