The International Monetary Fund (IMF) has raised its economic growth forecast for the Middle East and North Africa this year, despite a gloomy global prediction. The regional economy is now expected to grow by 3.4%, up from 3.1% in April. Globally, growth is forecast at 3.1%, compared to 3.2% three months ago. IMF largely blames the negative outlook on Brexit, saying the financial and oil markets started recovering earlier this year, under the assumption that the UK would remain in the EU.
UAE grants Elon Musk's Starlink licence to provide satellite internet services
The Telecommunications and Digital Government Regulatory Authority (TDRA) has granted Elon Musk's Starlink company a 10-year licence to provide internet services in the UAE.
UAE real estate sector records strong H1 growth
The UAE's real estate sector has maintained a strong performance during the first half of 2026, with data announced by authorities showing high levels of activity across several Emirates.
UAE-Lebanon Business Forum drives new wave of partnerships
The UAE and Lebanon are strengthening economic ties, with a new business council and four agreements signed to boost trade, investment and private-sector cooperation.
Meta agrees to pay $18 billion to settle US lawsuits over social media addiction
Meta Platforms will pay up to $18 billion over the next decade and strictly limit how teenagers use Facebook and Instagram under an agreement with nearly all US states to resolve claims it designed those social media platforms to addict children.
DXB welcomes 31.5 million guests in H1 amid regional disruptions
Dubai International (DXB) has welcomed 31.5 million guests during the first six months of 2026 following one of the "most challenging operating environments" in the airport's history.
