Business News from Thursday, October 29th, 2026
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Sheikha Latifa explores avenues for closer cooperation with South Korea
Her Highness Sheikha Latifa bint Mohammed bin Rashid Al Maktoum, Chairperson of Dubai Culture and Arts Authority, has met South Korean ministers, senior government officials and business leaders during a visit to Seoul aimed at strengthening cooperation across key sectors.
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UAE's Primark amongst top 10 strongest global performers, says CEO
Chief Executive Officer (CEO) of Primark Eoin Tonge said stores in the UAE are among the top 10 strongest performers worldwide, with sales exceeding initial expectations.
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UAE to fast-track CEPA negotiations after historic Canada deal
UAE Minister of Foreign Trade Dr. Thani Bin Ahmed Al Zeyoudi expects more economic deals to be fast-tracked with other countries after signing an historic Comprehensive Economic Partnership Agreement (CEPA) with Canada.
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TECOM Group’s 9-month shows 11% revenue growth
TECOM Group has announced a 11 per cent revenue growth reaching AED 2.3 billion in the first nine months of 2026, with a net profit exceeding AED 1.2 billion, marking an 10 per cent year-on-year increase.
News
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UAE takes action over alleged national service violations, abuse of authorityThe UAE's Military Attorney-General has ordered the referral of a number of defendants to the Military Criminal Court over allegations of abusing official authority to unlawfully obtain exemptions from national and reserve service.
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UAE regulator fines bank AED 200 million over compliance failuresThe Central Bank of the UAE (CBUAE) has imposed a financial penalty of AED 200 million on a branch of a foreign bank operating in the country for repeated failures in anti-money laundering controls, governance and compliance.
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Dubai Police arrest 6 people in AED 2.6 million virtual assets schemeDubai Police have arrested a six-member ring that deceived a victim into paying AED 2.6 million through a fraudulent digital currency trading deal via an unlicensed exchange.
