Business News

The UAE Circular Economy Council held its first meeting of 2026 on Wednesday, with discussions centred on strengthening food security, expanding sustainable production, and increasing investment in circular economy sectors.

The United Arab Emirates announced on Tuesday its decision to exit the Organisation of the Petroleum Exporting Countries (OPEC and OPEC+), effective 1 May 2026.

Microsoft and OpenAI have renegotiated a pact that let Microsoft exclusively sell the ChatGPT creator's artificial intelligence models, clearing the way for the startup to forge new deals with rivals to the software and enterprise giant, including Amazon.

The UAE has been ranked first globally for the fifth consecutive year in the latest Global Entrepreneurship Monitor (GEM) report.

A US judge on Friday dismissed Elon Musk's fraud claims in his lawsuit accusing OpenAI and co-founder Sam Altman of betraying OpenAI's original mission, but plans to proceed to trial on Musk's breach-of-charitable-trust and unjust-enrichment claims.

Dubai South has signed a strategic Memorandum of Understanding (MoU) with Emirates NBD to support the financial growth of SMEs and facilitate access to a range of banking services.

The Dubai Multi Commodities Centre (DMCC) has launched two new commercial towers, “One Uptown Place” and “Two Uptown Place”, as part of the expansion of the Uptown Dubai area.

The Dubai International Financial Centre (DIFC) has announced plans to become the world’s first AI-native financial centre.

Associated British Foods has decided to separate its Primark fashion chain from its food businesses through a demerger following a review of the group's structure, it said on Tuesday.

Apple has named longtime hardware boss John Ternus as its next CEO on Monday, turning to another insider to steer the iPhone maker after Tim Cook.

The UAE has joined a group of international partners in welcoming a key economic development in Libya.

Dubai Chambers has wrapped up high-level meetings in Manila with key public and private sector leaders, aimed at strengthening trade and investment ties.

The UAE economy maintained its upward trajectory during the first months of 2026, supported by the strength of the financial and banking sector and rising foreign trade and investment indicators.

Blue Origin, the space company founded by Jeff Bezos, confirmed that its New Glenn heavy rocket placed a satellite into the wrong orbit during its third launch.

Dubai South has announced a new set of incentives for companies operating within its free zone, reinforcing its commitment to supporting the business community and sustaining economic momentum.

The Trump administration on Friday renewed a waiver allowing countries to buy sanctioned Russian oil and petroleum products at sea for about a month, two days after saying it had no plans to do so.

UAE Minister of State for Financial Affairs Mohamed bin Hadi Al Hussaini has held a series of high-level bilateral meetings with global finance leaders on the sidelines of the annual meetings of the World Bank Group and the International Monetary Fund.

The Dubai Ports Authority has affirmed its full readiness to deliver round-the-clock services to vessels across the emirate’s ports and anchorage areas.

The UAE and Azerbaijan have officially entered into a Comprehensive Economic Partnership Agreement (CEPA) to bolster trade and investment relations between the two nations.

Dubai Properties, a member of Dubai Holding Real Estate, has awarded contracts worth nearly AED 1.1 billion to Metac General Contracting Co. LLC for the construction of 850 townhouses at Villanova in Dubailand.

Parkin has entered into a multi-year agreement with real estate developer Binghatti Holding, where it will operate approximately 1,200 spaces across selected Binghatti developments.

The UAE's Minister of Economy and Tourism, Abdulla bin Touq Al Marri, has met with a high-level delegation from Uzbekistan to explore ways to strengthen economic and investment ties.

Dubai Chambers has held talks with a major Chinese trade body in Shanghai aimed at strengthening economic ties and increasing trade and investment between the two markets.

Saudi Arabia has restored full oil pumping capacity through the East-West pipeline to about seven million barrels per day, it said on Sunday, days after providing an assessment of damage on its energy sector from attacks during the Iran conflict.

Dubai’s First Deputy Ruler, His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, has held talks with the chief executive of global investment firm Brookfield Corporation on strengthening cooperation and attracting further investment to the emirate.

Dutch regulators approved the use of Tesla's TSLA.O self-driving software with required human supervision on highways and city streets in a European first for the electric car maker, which hopes to see similar action from the rest of the European Union.

Lufthansa flights were significantly disrupted on Friday as cabin crew union UFO staged a one-day strike, the airline's third work stoppage in two months, impacting operations at its Frankfurt and Munich hubs.

Dubai’s real estate sector has posted a strong start to 2026, with total transactions reaching AED 252 billion in the first quarter — a 31 per cent increase in value compared to the same period last year.

The Dubai Integrated Economic Zones Authority (DIEZ) has introduced a package of flexible economic measures to support businesses operating across its zones.

The Dubai International Financial Centre (DIFC) has announced a package of temporary economic support measures to help its business and retail community navigate the current environment.

Expo 2020 Dubai has reaffirmed its commitment to gender equality and women’s empowerment.

Expo 2020 Dubai and the United Nations Global Compact are joining forces to hold a Sustainable Development Goals Business Forum.

More than 2,500 online travel agents, tour operators, hotel groups and airlines have signed on as Authorised Ticket Resellers (ATRs) for Expo 2020 Dubai.

A spectacular line-up of sights, sounds and tastes await visitors at Expo 2020 Dubai, through a series of specially curated itineraries.

Apple on Tuesday launched the iPhone 12 with faster 5G connectivity, which the company hopes will spur a wave of upgrades and keep its sales booming through the end of the year.