Business

US stock index futures tumbled on Thursday after President Donald Trump's sweeping tariffs on major trade partners heightened fears of an all-out trade war that could push the global economy into a recession.

The UAE and Saudi Arabia will face a universal 10 per cent tariff on imports under US President Trump's sweeping duties on dozens of countries.

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

Emirates has officially confirmed the launch of its Emirates Courier Express, an end-to-end delivery solution, a day after many believed the announcement to be an April Fool's prank.

Dubai Electricity and Water Authority (DEWA) improved its water and electricity efficiency by 43.61 per cent in 2024, resulting in a cumulative reduction of 104 million tonnes of carbon dioxide (CO2) emissions since 2006.

Trade agreements with Costa Rica and Mauritius under the UAE's Comprehensive Economic Partnership Agreements (CEPA) will come into effect on Wednesday.

US President Donald Trump was poised to impose sweeping new reciprocal tariffs on global trading partners on Wednesday, upending decades of rules-based trade, threatening cost increases and likely drawing retaliation from all sides.

Emirates flights to Brussels have been disrupted on Monday due to industrial action in the European country, the airline has confirmed.

DEWA registered a 4.51 per cent annual increase in electrical connection requests for commercial projects through its Al Namoos service in 2024, according to MD and CEO of DEWA, Saeed Mohammed Al Tayer.

Chinese artificial intelligence startup Zhipu AI unveiled a free AI agent on Monday, joining a wave of similar launches in China's increasingly competitive AI market.

US President Donald Trump said on Saturday he did not warn car industry executives against raising prices as tariffs on foreign-made autos come into force, saying he "couldn't care less" if they do.

Elon Musk's xAI has acquired X in a deal that values the social media platform at $33 billion and allows the value of his artificial intelligence firm to be shared with his co-investors in the company formerly known as Twitter.

Major automakers can deal with US President Donald Trump's tariffs on US auto imports in a number of ways, but all of them lead to higher prices, fewer choices of models or limits on features for consumers, industry experts said.

Emaar Development shareholders have approved its Board of Directors’ proposal to distribute a dividend of AED2.7 billion ($740 million), representing 68 per cent of the share capital.

Automaker stocks around the world slumped on Thursday after US President Donald Trump said that he would impose 25 per cent tariffs on all vehicles and foreign-made auto parts imported into the United States.

Jafza is expanding its facilities with a AED 90 million investment in phase 2 of its cutting-edge Logistics Park, adding 360,000 sq ft, in alignment with the UAE's push to grow its logistics sector to AED 200 billion annually over the next seven years.

US President Donald Trump says he would be willing to reduce tariffs on China to get a deal done with TikTok's Chinese parent ByteDance to sell the short video app used by 170 million Americans.

US President Donald Trump has unveiled a 25 per cent tariff on imported cars and light trucks starting next week, widening the global trade war he kicked off upon regaining the White House this year in a move auto industry experts expect will drive up prices and stymie production.

Emaar Properties has approved a 100 per cent dividend payout, amounting to AED 8.8 billion, during its Annual General Meeting (AGM). This follows the introduction of Emaar’s dividend policy, updated in December 2024.

ADNOC Logistics & Services Plc (ADNOC L&S) announced shareholder approval of all agenda items at its Annual General Meeting, including a final dividend of $136.5 million (AED 501.3 million), bringing the 2024 full-year dividend to $273 million (AED 1,001 million).

Tesla's market share in Europe continued to shrink year-on-year in February, data showed on Tuesday, as sales of the all-electric car maker dropped for a second consecutive month despite rising overall EV registrations on the continent.

A group representing more than 90 airlines has threatened to take legal action against Heathrow Airport if it doesn't reach an "amicable" settlement over the costs caused by Friday's 18-hour closure.

The Real Estate Regulatory Agency (RERA), part of the Dubai Land Department, has launched the 'Tayseer' initiative to help property owners settle outstanding service fees with flexible payment plans.

The Central Bank of the UAE (CBUAE) has launched a new AED 100 banknote made of polymer and using innovative designs and advanced security features. The bill incorporates modern technology to tackle counterfeiting.

Emirates is deploying an additional 17 flights to destinations in the Middle East from March 26 to April 6, as the airline gears up for a busy travel period for Eid Al Fitr.

Chinese Premier Li Qiang urged countries to open their markets to combat "rising instability and uncertainty" at a business forum in Beijing on Sunday, as China braces for further U.S. tariffs.

US President Donald Trump has awarded Boeing the contract to build the US Air Force's most sophisticated fighter jet yet, dubbed the F-47, handing the company a much-needed win.

Dubai Electricity and Water Authority (DEWA) reported that its shareholders have, in the general assembly have approved the payment of total dividend of AED 3.1 billion for H2 of 2024.

His Highness Sheikh Abdullah bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Foreign Affairs, has held talks with his Liberian counterpart Sara Beysolow Nyanti.

Dubai World Trade Centre (DWTC) has unveiled its 2024 results, welcoming 2.65 million event participants in 2024, marking a seven per cent increase compared to the previous year.

Greenpeace must pay a Texas-based pipeline company nearly $667 million (AED 2.4 trillion) in damages for the environmental advocacy group’s role in 2016-2017 protests against the Dakota Access Pipeline in North Dakota, a jury said Wednesday.

His Highness Sheikh Tahnoon bin Zayed Al Nahyan, Deputy Ruler of Abu Dhabi and National Security Adviser, has discussed ways to expand collaboration in key sectors where AI can play a transformative role during talks with Elon Musk and Oracle CTO Larry Ellison.

The UAE and Tunisia have announced the start of negotiations for a Comprehensive Economic Partnership Agreement (CEPA) to strengthen bilateral trade and investment.

Alphabet unit Google was hit with two charges of breaching landmark EU rules on Wednesday while Apple was ordered to help rivals connect with its iPhones and iPads, as antitrust regulators continued a crackdown against Big Tech.

The Dubai Land Department (DLD) has launched the pilot phase of its 'Real Estate Tokenisation Project', making it the first real estate registration entity in the Middle East to implement tokenisation on property title deeds.

BYD has unveiled a new platform for electric vehicles (EVs) that it said could charge EVs as quickly as it takes to pump gas and announced for the first time that it would build a charging network across China.

Abu Dhabi government has partnered with Microsoft, and Core42, a G42 company, for a multi-year partnership to implement AI-backed cloud system aimed at improving government service efficiency.

Germany's parliament approved plans for a massive spending surge on Tuesday, throwing off decades of fiscal conservatism in hopes of reviving economic growth and scaling up military spending for a new era of European collective defence.

Saeed Ahmed Lootah Charity Foundation has announced a contribution of AED 10 million in support of the Fathers’ Endowment campaign, launched by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister and the Ruler of Dubai.

Dubai is making it easier for free zone businesses to expand their mainland operations.

US President Donald Trump said he has no intention of creating exemptions on steel and aluminium tariffs and said reciprocal and sectoral tariffs will be imposed on April 2.

Dubai's Roads and Transport Authority (RTA) has completed 40 per cent of the nol system upgrade, in a transition from the existing card-based ticketing system to use more advanced account-based ticketing (ABT) technology.

OpenAI and Elon Musk have agreed to fast-track a trial over OpenAI's for-profit shift, the latest turn in a grudge match between the world's richest person and OpenAI CEO Sam Altman playing out publicly in court.

SpaceX founder Elon Musk said on Friday that Starship is set to depart for Mars at the end of next year, carrying Tesla humanoid bot Optimus.

US automaker Tesla has warned that it and other major American exporters are exposed to retaliatory tariffs that could be leveled in response to President Donald Trump's aggressive use of tariffs.

The Abu Dhabi Fund for Development (ADFD) has announced the launch of the “Sofitel Legend Pyramids Giza” project, a luxury five-star hotel intended to be a landmark addition to the hospitality and tourism sector in Egypt.

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.