UAE-based defence and advanced technology group EDGE has signed an agreement to acquire a 100 percent stake in Brazilian aerospace engineering company AKAER, marking a significant step in its global e...
SK Hynix shares plunged more than 11% on Thursday, leading a broad sell-off in Asian semiconductor stocks after weakness in U.S. chipmakers triggered fresh concerns over elevated valuations in the art...
The outlook for UAE fuel prices has become increasingly uncertain after global crude oil prices climbed sharply amid renewed geopolitical tensions in the Gulf region....
Global Markets: Crude oil prices extended their upward momentum on Tuesday after renewed geopolitical tensions in the Middle East raised fresh concerns about the stability of global energy supplies. I...
Interest rates have always played a critical role in shaping economic activity, but in 2026, they have become one of the most closely monitored factors influencing business performance worldwide. Foll...
Global oil demand is expected to record its first annual decline since the COVID-19 pandemic, according to the latest monthly report from the International Energy Agency (IEA). The agency forecasts th...
Nasdaq Dubai has added 33 new fixed-income listings worth $13.8 billion since the start of 2026, reinforcing Dubai's position as one of the world's leading hubs for sukuk and debt capital markets. Int...
Ajman Bank has successfully completed its inaugural $300 million Additional Tier 1 (AT1) Perpetual Non-Call 5.5-Year Sukuk, pricing the issuance at a 6.5% profit rate. The milestone transaction streng...
Global oil prices surged more than 3% during early Asian trading on Wednesday after renewed military tensions involving Iran heightened concerns over the security of the Strait of Hormuz, a vital mari...
Seven members of the OPEC+ alliance have agreed to increase their combined crude oil production by 188,000 barrels per day (bpd) in August, extending the group's gradual supply expansion as global oil...
Global oil prices traded with little movement during Asian trading on Monday as easing geopolitical tensions in the Middle East offset expectations of firm seasonal fuel demand. While benchmark crude ...
Singapore authorities have seized a luxury mansion worth S$55 million (US$42.5 million) as part of an ongoing investigation into an alleged Nvidia AI chip smuggling and money laundering network, offic...
Bank of Baroda has agreed to pay $600 million to settle litigation related to the collapse of UAE-based healthcare company NMC Health, bringing an end to years of legal proceedings against the Indian ...
UAE motorists are enjoying lower fuel prices in July after the country's monthly fuel price revision reflected a sharp decline in international crude oil prices, offering welcome relief following mont...
Iran has announced that it exported more than 40 million barrels of crude oil since the United States lifted its naval blockade of Iranian ports earlier this month, marking a significant recovery in t...
The Group of Twenty (G20) remains one of the most influential forums for international economic cooperation, bringing together the world's largest developed and emerging economies. Collectively, G20 m...
Norway's offshore oil industry delivered stronger-than-expected production in May, with crude output surpassing official government forecasts even as production eased from April's exceptionally high l...
Dubai Islamic Bank (DIB), the UAE's largest Islamic bank by assets, has launched its Unlocking Sustainable Finance series, a sector-focused initiative aimed at helping key industries accelerate their ...
The Central Bank of the United Arab Emirates (CBUAE) has imposed a financial penalty of Dh20 million on a branch of a foreign bank after identifying serious and repeated shortcomings in its anti-money...
Oil prices extended their decline on Wednesday, with Brent crude falling below $77 a barrel as investors grew more confident that the ceasefire between Iran and Israel would hold, reducing fears of di...
