China’s stocks have steadied today after dropping more than 5% in the previous two days. Yesterday stocks plummeted to an eight-month low, dashing hopes that the country’s economy was on its way to a strong recovery. More good news for China’s economy came in the form of the consumer inflation report, which remained modest in April with commodity prices also rebounding.
UAE, Lebanon sign agreement to establish joint Business Council
The Federation of the United Arab Emirates Chambers of Commerce and Industry has signed a Memorandum of Understanding to establish the joint UAE–Lebanon Business Council.
UAE lab-grown diamond trade hits record 76.9m carats
The United Arab Emirates has recorded its highest-ever lab-grown diamond volumes with 76.9 million carats traded in 2025.
US strikes deal to control 65 billion barrels of Venezuela's oil reserves
The US and Venezuela have agreed terms on a huge oil deal that could see Washington take control of more than 65 billion barrels Venezuela's oil reserves.
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.
