Business News from Friday, October 30th, 2026

UAE trade deal with DR Congo takes effect

The UAE’s Comprehensive Economic Partnership Agreement (CEPA) with the Democratic Republic of Congo has officially come into force, opening up new opportunities for trade and investment between the two countries.
DFM traded value rises 22% to AED162 billion in 2026

The Dubai Financial Market (DFM) has reported a total traded value of AED162 billion so far in 2026, up by 22 per cent.
Crypto exchange Binance freezes assets after $6.3 billion security breach

Binance, the world's largest cryptocurrency exchange, said a security breach had resulted in an estimated $6.3 billion impact that analysts said could amount to the biggest crypto heist ever and might make investors rethink the risks of owning digital assets.

News

UAE contains tanker oil spill as coastal cleanup continues
The UAE has confirmed that the oil spill from the tanker GEM No. 2 has been contained, as authorities continue environmental remediation efforts along affected coastlines.
H.H. Sheikh Mohammed reviews AED 500 million Arab Reading Challenge Endowment
His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, has reviewed plans and implementation stages of the AED 500 million Arab Reading Challenge Endowment project, which will be developed by Sobha Realty in Dubai.
UAE takes action over alleged national service violations, abuse of authority
The 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.