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© Oil Prices Slide as OPEC+ Raises Output and Middle East Tensions Ease

Oil Prices Slide as OPEC+ Raises Output and Middle East Tensions Ease

Global oil prices fell sharply on Monday after OPEC+ approved a production increase for September and renewed diplomatic signals between the United States and Iran reduced fears of major supply disrup...

© UAE Holds 57% of Boeing's Middle East Aircraft Order Backlog

UAE Holds 57% of Boeing's Middle East Aircraft Order Backlog

The United Arab Emirates accounts for 57% of Boeing's outstanding aircraft order backlog in the Middle East, highlighting the country's growing influence in the global aviation industry as its airline...

© Dubai Ranked World's Second Smartest City in BCG's 2026 Index

Dubai Ranked World's Second Smartest City in BCG's 2026 Index

Dubai has been named the world's second smartest city in the Boston Consulting Group (BCG) Intelligent Cities Index 2026, reinforcing its position as a global leader in artificial intelligence, digita...

© Dubai Holding Reports 13.5% Contribution to Dubai’s GDP in 2025, Unveils First Impact Report

Dubai Holding Reports 13.5% Contribution to Dubai’s GDP in 2025, Unveils First Impact Report

Dubai Holding has released its inaugural Impact Report, titled "A Legacy of Growth," revealing that the company contributed 13.5% to Dubai's Gross Domestic Product (GDP) in 2025 while supporting econo...

© Carvana Shares Slide After 2026 Earnings Outlook Disappoints Investors

Carvana Shares Slide After 2026 Earnings Outlook Disappoints Investors

Shares of online used-car retailer Carvana fell sharply in after-hours trading on Wednesday after the company issued full-year earnings guidance that came in below Wall Street expectations, overshadow...

© UAE Emerges as Global Digital Asset Hub, Says Bitcoin Suisse CEO

UAE Emerges as Global Digital Asset Hub, Says Bitcoin Suisse CEO

The United Arab Emirates is strengthening its position as one of the world's leading digital asset markets, with institutional investors increasingly driving cryptocurrency adoption, according to the ...

© KPMG Australia Halts Victorian Government Bids Amid Confidential Data Probe

KPMG Australia Halts Victorian Government Bids Amid Confidential Data Probe

KPMG Australia has suspended participation in new Victorian government contract tenders until September 30 as investigations continue into allegations that confidential client information was improper...

© Indian Stocks Open Higher as Falling Crude Oil Prices Boost Market Sentiment

Indian Stocks Open Higher as Falling Crude Oil Prices Boost Market Sentiment

Indian benchmark equity indices opened higher on Monday, tracking a sharp decline in global crude oil prices that improved investor sentiment and lifted buying across sectors....

© Middle East Companies Pay $29.2 Billion in Q1 2026 Dividend Payouts

Middle East Companies Pay $29.2 Billion in Q1 2026 Dividend Payouts

Middle East companies distributed $29.2 billion in dividends during the first quarter of 2026, underscoring the region's resilient corporate earnings and continued commitment to shareholder returns de...

© ADCB Reports Record Q2 Profit of Dh3.83 Billion as Lending and Fee Income Drive Growth

ADCB Reports Record Q2 Profit of Dh3.83 Billion as Lending and Fee Income Drive Growth

Abu Dhabi Commercial Bank (ADCB) reported a record profit before tax of Dh3.83 billion for the second quarter of 2026, marking a 26% increase compared with the same period last year. The strong perfor...

© du Reports 12.6% First-Half Profit Growth, Raises Interim Dividend

du Reports 12.6% First-Half Profit Growth, Raises Interim Dividend

UAE telecom operator Emirates Integrated Telecommunications Company (du) reported a 12.6% increase in first-half net profit on Wednesday, supported by higher service revenue, improved operating margin...

© UAE-China Partnership Strengthens Cross-Border Business

UAE-China Partnership Strengthens Cross-Border Business

A strategic UAE-China business partnership has been launched to help companies expand across the Middle East and East Asia through integrated legal, corporate, and advisory services....

© Al Ansari Financial Services Expands Western Union Partnership Across Bahrain and Kuwait

Al Ansari Financial Services Expands Western Union Partnership Across Bahrain and Kuwait

Al Ansari Financial Services PJSC has expanded its partnership with global money transfer company Western Union by extending its international remittance services through its subsidiaries in Bahrain a...

© Brent Crude Climbs Above $90 on Growing Middle East Tensions

Brent Crude Climbs Above $90 on Growing Middle East Tensions

Global oil prices extended their rally on Monday, with Brent crude climbing above the $90-per-barrel mark for the first time in weeks as escalating military tensions between the United States and Iran...

© Modon Sells Out Dh1.25 Billion Worth of Bashayer Homes on Hudayriyat Island in 24 Hours

Modon Sells Out Dh1.25 Billion Worth of Bashayer Homes on Hudayriyat Island in 24 Hours

Abu Dhabi-based developer Modon has sold all 300 residences in the final phase of its Bashayer waterfront community on Hudayriyat Island within 24 hours of launch, generating approximately Dh1.25 bill...

© UAE's EDGE to Acquire Brazil's AKAER in Strategic Aerospace Expansion

UAE's EDGE to Acquire Brazil's AKAER in Strategic Aerospace Expansion

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 Tumble 11% as Global Chip Sell-Off Spreads Across Asian Markets

SK Hynix Shares Tumble 11% as Global Chip Sell-Off Spreads Across Asian Markets

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...

© UAE Fuel Price Outlook Uncertain as Global Oil Prices Surge Above $85

UAE Fuel Price Outlook Uncertain as Global Oil Prices Surge Above $85

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....

© Oil Prices Climb as Strait of Hormuz Tensions Renew Global Supply Concerns

Oil Prices Climb as Strait of Hormuz Tensions Renew Global Supply Concerns

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...

© Global Oil Demand Set for First Annual Decline Since COVID-19, IEA Warns

Global Oil Demand Set for First Annual Decline Since COVID-19, IEA Warns

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...

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