China’s foreign-exchange reserves have increased for the second month in a row. The world’s largest currency hoard rose by $7.089 billion to $3.22 trillion in April, the People’s Bank of China said in a statement Saturday. Market sentiment toward the yuan has improved and a stronger yuan and euro boosted the headline number. That compares with the $3.20 trillion expected by economists surveyed by Bloomberg.
UAE, Lebanon sign agreement to establish joint Business Council
The Federation of the United Arab Emirates Chambers of Commerce and Industry has signed a Memorandum of Understanding to establish the joint UAE–Lebanon Business Council.
UAE lab-grown diamond trade hits record 76.9m carats
The United Arab Emirates has recorded its highest-ever lab-grown diamond volumes with 76.9 million carats traded in 2025.
US strikes deal to control 65 billion barrels of Venezuela's oil reserves
The US and Venezuela have agreed terms on a huge oil deal that could see Washington take control of more than 65 billion barrels Venezuela's oil reserves.
UAE grants Elon Musk's Starlink licence to provide satellite internet services
The Telecommunications and Digital Government Regulatory Authority (TDRA) has granted Elon Musk's Starlink company a 10-year licence to provide internet services in the UAE.
UAE real estate sector records strong H1 growth
The UAE's real estate sector has maintained a strong performance during the first half of 2026, with data announced by authorities showing high levels of activity across several Emirates.
The UAE has announced an integrated national programme to build an education and research system that keeps pace with rapid changes in the scientific and technological sectors, empowers national talent and strengthen competitiveness of Emirati products.
Five United Arab Emirates humanitarian aid convoys entered the Gaza Strip this week as part of Operation Chivalrous Knight 3 to support the Palestinian people.
Dubai's Roads and Transport Authority (RTA) has awarded two contracts, at a total cost of AED 1.161 billion, to develop several key intersections along Al Meydan Street to improve connectivity and traffic flow.
