Business

Three of US President Donald Trump's top aides will meet with their Chinese counterparts in London on Monday for talks aimed at resolving a trade dispute between the world's two largest economies that has kept global markets on edge.

Formula 1 is hot on the tail of the big dog of professional sports marketing, the NFL, and cleared $2.04 billion in sponsorship revenue in 2024.

India's Prime Minister Narendra Modi said he looked forward to meeting his Canadian counterpart Mark Carney during the Group of Seven summit, after the latter invited him to the gathering over a phone call on Friday.

The Swiss National Bank (SNB) said on Friday it would intervene in foreign currency markets where necessary to keep inflation on track after the US added Switzerland to a list of countries being monitored for unfair currency and trade practices.

The US trade deficit narrowed sharply in April, with imports decreasing by the most on record as the front-running of goods ahead of tariffs ebbed, which could provide a lift to economic growth this quarter.

Gaming fans queued up for the launch of Nintendo's Switch 2 on Thursday amid pent-up demand for the more powerful next-generation gaming device.

The UAE and Kuwait have signed a comprehensive set of agreements aimed at deepening bilateral cooperation across sectors including AI, health, energy, education, defence and diplomacy.

UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan and Chancellor of Germany, Friedrich Merz, have explored ways to enhance economic and development cooperation during a phone call.

The Kuwait Investment Authority (KIA) has joined forces with MGX, BlackRock and Global Infrastructure Partners (GIP) to accelerate investment in next-generation AI infrastructure.

Emirates Airline will restart operations to Syria's capital city of Damascus from July 16 with three flights a week and daily services to take off from October 26.

The UAE and Ghana have signed a landmark agreement to establish the first economic zone and digital incubator in Accra. 

U.S. prosecutors are investigating whether Indian billionaire Gautam Adani's companies imported Iranian liquefied petroleum gas into India through their Mundra port, the Wall Street Journal reported on Monday.

Ajman Port will undergo an expansion under an AED 1 billion investment agreement between Department of Port & Customs Ajman (DPC) and Hutchison Ports.

OPEC+ agreed on Saturday to hike July oil output by 411,000 barrels per day (bpd), the same as in May and June, as the group of oil-producing countries continues to bring back supply more rapidly than earlier planned.

US President Donald Trump said on Friday he planned to increase tariffs on imported steel and aluminium to 50 per cent from 25 per cent, ratcheting up pressure on global steel producers and deepening his trade war.

A federal appeals court temporarily reinstated the most sweeping of President Donald Trump's tariffs on Thursday, a day after a US trade court ruled that he had exceeded his authority in imposing the duties and ordered an immediate block on them.

Dubai’s real estate market is embracing tokenisation, with over 6,000 people joining the waitlist for Prypco Mint, a new platform that lets users buy fractional shares of property through secure digital tokens.

The Abu Dhabi Department of Energy (DoE) has announced its comprehensive strategic framework for the energy and water sector up to 2050, at the World Utilities Congress, hosted at ADNEC in the capital.

The Central Bank of the UAE (CBUAE), on Thursday, fined an unnamed exchange house AED100 million due to what it called significant failures in the company's regulatory framework.

From pastry shops and perfumeries to restaurants and tailoring stores, 15 businesses in Abu Dhabi have been honoured with the Urban Treasure awards for shaping the capital's cultural and commercial landscape.

The UAE and European Union have held talks on the Comprehensive Economic Partnership Agreement (CEPA) that will deepen trade ties and open opportunities for investment and innovation.

A US trade court blocked President Donald Trump's tariffs from going into effect in a sweeping ruling on Wednesday that found the president overstepped his authority by imposing across-the-board duties on imports from US trading partners.

The Central Bank of the UAE has issued major financial penalties against two foreign bank branches operating in the country.

Pakistan has extended the deadline for expressions of interest in purchasing Pakistan International Airlines (PIA) to June 19, the country's privatisation ministry said on Tuesday.

An agreement has been finalised to develop and operate the first phase of the Al Rawdah Special Economic Zone in Oman’s Al Buraimi Governorate, marking a new milestone in UAE-Oman cooperation.

The euro hit a one-month high against the dollar on Monday, after US President Donald Trump backed down from threatened 50 per cent duties on European Union shipments from June 1, after the bloc asked for time to "reach a good deal".

Dubai has launched the region’s first tokenised real estate investment project, a major step toward digitising the property sector.

A new decision has been issued regarding the operational procedures for the Central Violations and Grievances Committees under the Financial Audit Authority in Dubai.

As part of its ongoing efforts to enhance tax transparency and improve the business environment in the UAE, the Ministry of Finance has announced the issuance of a Cabinet Decision regarding the tax treatment of unincorporated partnerships.

Real estate transactions across five emirates in the UAE surged to over AED239 billion in the first quarter of 2025, underpinned by investor confidence, flexible regulations, and expanding project pipelines, official data showed.

Europe’s largest inaugural tech, startup and digital investment event, GITEX EUROPE x Ai Everything, was held at Messe Berlin this week, with the UAE’s innovation taking centre stage.

The UAE has emphasised its commitment to global trade cooperation and economic partnership at the 15th BRICS Trade Ministers Meeting in Brasília, Brazil.

The fourth edition of 'Make it in the Emirates' concluded in Abu Dhabi after a successful four-day run, announcing new industrial projects valued at over AED 11 billion.

In a historic step forward for artificial intelligence and international collaboration, G42, OpenAI, Oracle, NVIDIA, SoftBank Group and Cisco today announced their partnership to build Stargate UAE.

Flydubai is set to resume direct flights to Damascus from June 1, becoming the first carrier from the UAE to restart services to Syria.

The first-ever GITEX Europe, organised by the Dubai World Trade Centre, has officially opened in Berlin.

Dubai Holding has announced the successful completion of the book building and subscription process for the initial public offering of Dubai Residential REIT on the Dubai Financial Market.

Etihad Airways' first-quarter profit for 2025 jumped 30 per cent to AED 685 million ($186.52 million), it said on Wednesday, citing strong demand and improved operational efficiency.

Public employees in Dubai who report financial or administrative violations will be legally protected under a new initiative to strengthen financial oversight and protect whistleblowers.

The UAE Ministry of Industry and Advanced Technology has secured over AED 40 billion in financing to boost the country’s industrial sector, following the signing of five major agreements with leading national banks.

Dubai Holding will raise the size of residential REIT’s Initial Public Offering (IPO) to 15 per cent of issued unit capital, up from the previously announced 12.5 per cent.

Dubai is launching a PropTech Hub to drive innovation in the real estate sector and more than double the value of the emirate's property technology market to over AED 4.5 billion in five years.

'Make it in the Emirates' is back, spotlighting the UAE’s push to lead in advanced industries and smart manufacturing.

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.