Business

His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Deputy Prime Minister and Minister of Defence, has reaffirmed that strengthening the resilience of Dubai’s economy remains a key priority to keep pace with global economic trends.

AD Ports Group has acquired Corredor Logística e Infraestrutura (CLI), Brazil’s leading independent agri-bulk port terminal operator, entering the South American market with a strategically major expansion transaction.

General Mills has announced it will sell its Haagen-Dazs ice-cream shops in mainland China to an investor group that includes local tea chain operator Ningji, as part of a strategy to focus on businesses with stronger profit growth.

Dubai Taxi Company has signed a memorandum of understanding with Ajman-based AJ Industries to explore a strategic partnership aimed at expanding mobility services across the emirate.

Dubai Chambers has held a series of meetings in Ethiopia aimed at strengthening trade and investment ties between Dubai and one of Africa’s fastest-growing economies.

Dubai's Roads and Transport Authority (RTA) has collected AED 5.3 billion in digital revenue in 2025, marking a 20.6 per cent growth compared to the previous year.

The UAE economy continues its strong growth trajectory, with the country's GDP expanding by 6.2 per cent in 2025 to reach AED 1.9 trillion.

Representing UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan, Minister of Foreign Trade Dr. Thani bin Ahmed Al Zeyoudi attended the Eurasia Economic Forum in Astana, Kazakhstan.

The UAE is exploring closer economic ties with Caribbean nations after taking part as a special guest at a major regional foreign ministers’ meeting in Suriname.

If Ferrari wanted to grab the world's attention with the Luce, its first all-electric car, mission accomplished - even if much of the reaction has been shock and outrage.

IndiGo and Air India, India's two largest airlines, have sharply cut their planned domestic flights for June and July, sources familiar with the matter said, as the industry grapples with a rise in jet fuel costs in the wake of the Iran war.

China and Pakistan have reached a "new broad consensus" on deepening strategic ties to beef up development of a joint economic corridor and establish the port of Gwadar as a regional connectivity hub, the neighbours said on Tuesday.

His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, has highlighted the UAE's strong performance in the tourism sector by unveiling a record 9.7 per cent growth in hotel revenues in 2025.

The UAE's Ministry of Energy and Infrastructure has participated in the World Hydrogen Summit & Exhibition in Rotterdam, a leading international platform bringing together policymakers, experts and industry leaders to discuss the future of hydrogen and sustainable energy systems.

US Secretary of State Marco Rubio held talks with Indian Foreign Minister Subrahmanyam Jaishankar on Saturday, as the two sides discussed trade, visas, maritime security and energy supplies, while Washington cited progress on efforts to resolve the Iran conflict.

Dubai-based ENOC Group has signed an agreement with Abu Dhabi company Allied Biofuels Holding to explore the supply and distribution of sustainable aviation fuel, or SAF, from a new production facility being developed in Uzbekistan.

Mexico and the European Union have signed a long-stalled free trade agreement on Friday as they seek to decrease dependence on the US and partially insulate themselves from President Donald Trump's tariffs.

Starting June 1, a 5 per cent Value Added Tax (VAT) will be applied to parking services provided by Parkin and toll tariff and activation fees under Salik.

Dubai Maritime City, one of DP World's flagship developments, has inaugurated the AED 160 million premium Maritime Business Centre 2 (MBC-2) that offers high-quality office spaces in the Commercial District of Dubai Maritime City.

His Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi, has affirmed that 50 years of Abu Dhabi Investment Authority (ADIA) represents a strategic milestone in the emirate’s transformational economic journey.

Arabian Travel Market 2026 has been moved to September following consultations with exhibitors and the global travel industry stakeholders.

Britain said on Wednesday it had secured a trade deal with the Gulf Cooperation Council (GCC) worth $5 billion a year in the long run.

His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, UAE Deputy Prime Minister and Minister of Defence, has reviewed Dubai Customs' efforts to maintain smooth trade and supply chain operations amid global geopolitical developments.

The UAE’s new crude oil pipeline bypassing the Strait of Hormuz is now 50 per cent complete, as the country accelerates its delivery towards 2027.

Families in the UAE can pay their children's school or university fees, transport and extra curricular activities in monthly instalments using payment app Tabby.

HSBC appealed to staff not to fight AI on Wednesday, saying it would destroy jobs while creating new ones, as banking rival Standard Chartered sought to calm workers over comments that the technology would replace "lower-value human capital".

DP World has attracted AED 854 million in investments across Jebel Ali Free Zone (Jafza) in the first four months of 2026, underlining continued investor demand for Dubai’s trade and industrial hub.

A US jury on Monday has ruled against Elon Musk in his lawsuit against OpenAI, finding the artificial intelligence company not liable to the world's richest person for having allegedly strayed from its original mission to benefit humanity.

Dubai Holding has announced a collaboration with Microsoft to embed artificial intelligence (AI) at the core of its future operations.

Abu Dhabi Ports Group has announced being awarded three contracts worth a combined value of AED735 million for the design and construction of a container terminal to Ports of Nouatom - Pointe Noire Terminal in the Republic of Congo.

Dubai Customs said on Sunday a trade corridor launched with Oman earlier this year has processed nearly AED8 billion worth of goods in a single month as regional shipping disruptions continue to affect supply chains.

French luxury group LVMH has agreed to sell fashion brand Marc Jacobs to a joint venture between brand manager WHP Global and apparel company G-III Apparel Group, which are raising up to $850 million to fund the deal, the companies said on Thursday.

India on Thursday tightened rules for duty-free gold imports for jewellery exports by capping imports at 100 kg per licence, the government said in an order.

The US Senate on Wednesday voted to confirm Kevin Warsh as the chair of the Federal Reserve, paving the way for the lawyer, financier and former central-bank governor to take the reins of the Fed.

Dubai Taxi Company (DTC) has announced a major expansion deal, signing an agreement to acquire National Taxi, one of the UAE’s established taxi operators, in a transaction valued at AED 1.45 billion.

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.