Friday, October 16, 2026
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Friday, October 16, 2026

Business

Dubai's ruler, Sheikh Mohammed bin Rashid Al Maktoum, has unveiled an ambitious portfolio of projects valued at Dh2.1 trillion, aimed at propelling the emirate's economic growth and bolstering its status as a global hub for business...
The International Monetary Fund (IMF) has raised concerns about the global economy's vulnerability to various risks, highlighting challenges posed by energy shocks, rising debt levels, and uncertainty surrounding artificial intelligence investments. In its October 2026 World...

UAE and Saudi Arabia Sign MoU to Boost Rail and Energy Cooperation

The United Arab Emirates and Saudi Arabia have signed a Memorandum of Understanding (MoU) to boost connectivity and cooperation in rail infrastructure and energy...

EU and UAE Expand Partnership in Trade, AI, Climate, and Security

The European Union has underscored its expanding partnership with the United Arab Emirates, emphasizing a broad spectrum of cooperation that now includes trade, investment,...

Supply Worries Subside, Dropping Oil Prices from Saudi Disruption Concerns

Oil prices have taken a dip as concerns over disruptions in Saudi Arabia's crude supplies have lessened, easing tensions over the ongoing conflict in...

South Korea, UAE Engage in Talks to Boost Bilateral Cooperation

South Korean President Lee Jae Myung and Abu Dhabi's Executive Affairs Authority Chairman Khaldoon Khalifa Al Mubarak held discussions on Friday at Cheong Wa...

Germany and UAE Expand Strategic Partnership with Strengthened Ties

The visit of UAE President Sheikh Mohamed bin Zayed Al Nahyan to Germany underscores the growing strategic alliance between the two nations, which has...

UAE Pursues New Energy Paths to Safeguard Exports in Iran Tensions

The United Arab Emirates is actively seeking alternative routes for its energy exports and trade to lessen its reliance on the Strait of Hormuz,...

Sheikh Khaled Evaluates ADNOC’s Initiatives for Securing Stable Energy Supplies

As global energy markets continue to face uncertainty, Abu Dhabi Crown Prince Sheikh Khaled bin Mohamed has underscored the pivotal role of the Abu...

Arab Trading Volume Jumps 28.8% in July; Transaction Values Fall.

In July, Arab stock markets witnessed a substantial surge in trading activity, with the volume of shares traded rising by 28.82% compared to June,...

US Implements Stricter Iran Sanctions, Causing Over 3% Drop in Oil Prices

Oil prices experienced a significant drop of over 3% on Tuesday, hitting their lowest point in a week as investors evaluated the potential consequences...

China Denounces U.S. Sanctions Threat Amid Iran Trade Dispute

China has firmly dismissed the United States' recent warnings of imposing secondary sanctions on entities that persist in trading with Iran, asserting its right...

Trump Intensifies Trade Conflict, Canadian Tariffs Now Enforced

U.S. President Donald Trump has launched a fresh wave of criticism at Canada following the collapse of trade negotiations, escalating tensions between the two...

US Imposes 100% Tariffs on Drone Imports, Citing Security Risks

The United States is set to implement significant tariffs on drone imports, aiming to bolster national security and reduce dependency on foreign supply chains,...

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