Business

An International Monetary Fund (IMF) team has concluded a ten-day visit to the UAE, holding talks with officials on the country's economic performance, financial outlook and policy priorities.

Apple overtook Nvidia on Friday to become the world's most valuable company, reshuffling the top ranks of tech heavyweights as investors reassess the outlook for artificial intelligence.

In a ruling that could expose automakers to greater liability over India's ethanol-blended fuel policy, a consumer court has ordered Maruti Suzuki to provide a new car to a customer who alleged mandatory E20 fuel damaged his vehicle.

Irish airline Aer Lingus could cut up to 500 jobs as part of a reorganisation, it said, citing high costs and a challenging economic environment as the sector grapples with surging oil prices due mainly to the US-Iran war.

Starting today, Parkin has expanded its smart paid parking services to Sharjah's Aljada following a five-year partnership with developer Arada.

California and 11 states have sued to block Paramount's $110 billion acquisition of Warner Bros. Discovery, alleging the deal would create a media behemoth with the power to raise prices in film and television.

The Dubai Ports Authority has held a coordination meeting with shipping companies, cargo operators and key partners to enhance the efficiency of container movement and goods through Dubai's ports.

Abu Dhabi Future Energy Company, Masdar, has announced financial close for the world's first gigascale 24/7 renewable energy project, marking a defining milestone in the commercialisation of the next generation of clean energy infrastructure.

Volkswagen may need to cut about 50,000 more jobs to match the competitiveness of rivals, its CEO told staff in an internal memo, effectively confirming for the first time that the automaker is looking to reduce up to 100,000 positions.

The UAE has welcomed the US government's decision to elevate the UAE to an 'A5' export control designation, highlighting that it advances the decades of bilateral cooperation in technology, security, trade and investment.

Meta said it is discontinuing an AI feature launched this week that allowed users to generate images using public Instagram accounts, after drawing widespread criticism over privacy concerns, including from a Hollywood union.

Indian Prime Minister Narendra Modi and his New Zealand counterpart Christopher Luxon upgraded their nations' diplomatic ties on Saturday, as Modi seeks to bolster New Delhi's ties in the Asia-Pacific region.

Flydubai is expanding its network in Syria with the launch of a new daily non-stop service to Aleppo.

UAE telecoms group e& said on Friday it has agreed to sell its stake in Vodafone for $5.95 billion to the family group of French billionaire Xavier Niel, ending its investment in the British firm after a review of its international portfolio.

Australia and India reached a deal on Thursday to export Australian uranium to India for use in the nuclear energy industry, while agreeing to deepen cooperation in renewables, critical minerals and green hydrogen.

Dubai maintained its strong economic performance in the first quarter of 2026, with the emirate's Gross Domestic Product (GDP) reaching AED 232 billion, reflecting a 2.4 per cent increase from the same period last year.

Dubai Taxi Company (DTC) has completed its acquisition of 100 per cent of the share capital of National Taxi after securing all required regulatory approvals, including from Dubai's Roads and Transport Authority and Abu Dhabi's Integrated Transport Centre.

The UAE has "advanced to ninth place globally among FDI destinations and maintained, for the third year in a row, second global position in number of FDI investment greenfield projects, totalling 1,562 projects," said H.H. Sheikh Mohammed bin Rashid Al Maktoum.

Expo City Dubai has issued its first 'Green Licences' to six businesses, including small-sized social enterprises and multinational organisations, as it works towards establishing its Green Innovation District.

ADNOC Distribution will fully acquire Shell Downstream South Africa (SDSA) in a $1 billion deal that will allow the Abu Dhabi company to own its 580 fuel sites.

A federal judge on Monday rejected Elon Musk's bid to void a jury verdict finding that the world's richest person defrauded Twitter investors by trying to drive down the social media company's stock price after agreeing to a $44 billion takeover.

OPEC+ has agreed a further increase in output targets from August, the group said in a statement on Sunday, adding to global supply at a time when oil prices are falling due to the gradual reopening of the Strait of Hormuz for oil exports.

The UAE Government's Cyber Security Council (CSC) said on Friday it has successfully countered a series of advanced cyberattacks targeting the country's financial sector.

The Emirati Supplier Programme awarded AED1.78 billion in contracts to Emirati small and medium-sized enterprises in 2025, marking a 38 per cent increase compared to the previous year, His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum said on Friday.

Abu Dhabi's Zayed International Airport (AUH) has recorded strong growth in passenger and flight traffic, with daily volumes now higher than the same period in 2025.

The UAE has reaffirmed its commitment to strengthening economic ties with South America's Mercosur bloc, as it pushes to secure a landmark trade agreement with the regional alliance.

The Comprehensive Economic Partnership Agreement (CEPA) between the UAE and Ukraine officially comes into force on July 1, in a significant advancement in the two nations' economic ties.

The UAE is looking to strengthen trade and investment ties with Panama after non-oil trade between the two countries rose by almost 50 per cent last year.

Saeed Mohammed Al Tayer, Chairman of the World Green Economy Organisation (WGEO), has called for stronger international cooperation and investment in critical minerals, describing them as essential to achieving global climate goals and accelerating the transition to clean energy.

The UAE and the United States have reaffirmed their commitment to expanding economic cooperation during a series of high-level meetings in Washington, D.C., led by UAE Minister of State Saeed Al Hajeri.

Dubai's Roads and Transport Authority (RTA) has signed two strategic agreements with Chinese technology giants Huawei and CASCO SIGNAL to accelerate the use of artificial intelligence, smart transport systems and digital infrastructure across the emirate's future mobility projects.

The UAE has joined 35 other countries in signing the Joint Statement on AI Opportunities during the second Pax Silica Summit in Washington, D.C., reinforcing its commitment to the responsible development of artificial intelligence.

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.