OPEC has agreed to cut oil production for the first time in eight years. The announcement came as the trading bloc, of which the UAE is a member, battles a weak market and a global glut of crude. It was proposed to reduce output to between 32.5 and 33 million barrels per day. Details of the deal, including targets for each country, are still to be finalised.
Australian delivery workers set to gain minimum pay in landmark deal
Australian food delivery workers are on course to gain minimum pay levels after Uber Eats and DoorDash struck a deal with the country's transport union that is being hailed as a world first.
Dubai Airshow 2025 attracts over AED741.8 billion in deals
The 19th edition of the Dubai Airshow has set a historic record with deals surpassing AED741.8 billion ($202 billion), achieving double the AED370.9 billion ($101 billion) secured at its 18th edition in 2023.
Sheikh Hamdan, Sheikh Theyab attend EGA’s 50th anniversary celebration
Emirates Global Aluminium (EGA) is marking its 50th anniversary and a decade since the merger of Emirates Aluminium and Dubai Aluminium that created the company.
UAE President chairs ADNOC board meeting at Habshan Complex
UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan has presided over the annual ADNOC Board meeting at the Habshan complex in Abu Dhabi, a strategic hub for the company’s onshore operations and home to one of the world’s largest gas-processing facilities.
Canada, India agree to restart trade talks
Canada and India have agreed to restart stalled talks for a new trade deal, Prime Minister Narendra Modi's office said on Sunday, after discussions between the two countries paused following a diplomatic spat two years ago.
