Business News from Friday, October 16th, 2026
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UAE national becomes first Emirati selected for senior IMF role
UAE's Ali Alhosani has been elected Executive Director at the International Monetary Fund (IMF), becoming the first Emirati to hold this senior international position.
News
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Sharjah begins work on township for underprivileged in PhilippinesSharjah has started work on a township for the underprivileged in the Philippines and opened an orphanage in Mindanao Island, as the Emirate steps up efforts to help communities in need.
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Dubai arrests 8 in fake driving licence schemeEight people have been arrested in Dubai for running an illegal scheme that exploits a UAE rule that allows eligible foreign driving licence holders to obtain UAE licences without the need for lessons or tests.
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UAE steps up efforts to tackle global hungerThe UAE has stepped up its efforts to tackle hunger and malnutrition worldwide this year, through humanitarian aid, international partnerships and investment in agricultural innovation.
