Business

The UAE is looking to strengthen trade and investment ties with Panama after non-oil trade between the two countries rose by almost 50 per cent last year.

Saeed Mohammed Al Tayer, Chairman of the World Green Economy Organisation (WGEO), has called for stronger international cooperation and investment in critical minerals, describing them as essential to achieving global climate goals and accelerating the transition to clean energy.

The UAE and the United States have reaffirmed their commitment to expanding economic cooperation during a series of high-level meetings in Washington, D.C., led by UAE Minister of State Saeed Al Hajeri.

Dubai's Roads and Transport Authority (RTA) has signed two strategic agreements with Chinese technology giants Huawei and CASCO SIGNAL to accelerate the use of artificial intelligence, smart transport systems and digital infrastructure across the emirate's future mobility projects.

The UAE has joined 35 other countries in signing the Joint Statement on AI Opportunities during the second Pax Silica Summit in Washington, D.C., reinforcing its commitment to the responsible development of artificial intelligence.

The World Bank approved $1.1 billion in emergency financing for Bangladesh to help secure food supplies, support vulnerable households and businesses due to the rising prices of fertiliser, fuel and food from the Middle East conflict.

The Department of Health - Abu Dhabi has signed a strategic partnership with global biopharmaceutical company Boehringer Ingelheim to accelerate research into precision medicine using the emirate's advanced genomics capabilities.

Dubai’s media strategy is entering a new phase, with a stronger focus on competitiveness, innovation and strengthening the emirate’s position as a global hub for content creation and business media.

Saudi Aramco resumed oil loading on Friday at its Ras Tanura terminal in the Gulf after a near four-month halt, shipping data from LSEG showed.

Global leaders have called for greater investment in innovation, skills and technology to drive economic growth as the World Economic Forum's Annual Meeting of the New Champions concluded in Dalian, China.

Abu Dhabi's Supreme Council for Financial and Economic Affairs (SCFEA) has awarded the concession for the development and production of the Bab Gas Cap project to ADNOC and a group of international energy partners.

The UAE Central Bank (CBUAE) has fined a branch of a foreign bank AED 20 million for repeated failures in its anti-money laundering and counter-terrorism financing controls.

The Ministry of Finance has announced the subscription period for the UAE’s first-ever Sovereign Retail T-Sukuk Programme, offering individual investors a new government-backed investment opportunity that complies with Islamic Shariah principles.

Dubai has topped global rankings for attracting greenfield foreign direct investment (FDI) projects for the fifth consecutive year.

Tata Electronics said on Monday it had detected a recent 'cybersecurity incident', after researchers said World Leaks posted purported component design and specification papers of Apple and Tesla, both customers of the Indian group.

The UAE's Federal National Council (FNC) has proposed the creation of a Euro-Mediterranean and Gulf artificial intelligence hub to boost investment, research and cooperation in one of the world's fastest-growing sectors.

Federal National Council Speaker Saqr Ghobash has called for closer economic and parliamentary cooperation between Euro-Mediterranean and Gulf countries to help address rapid technological and economic change and support sustainable development.

The Dubai Gold and Commodities Exchange (DGCX) is set to launch a new same-day gold trading contract on Monday, June 22, in a move aimed at making physical gold transactions faster and more efficient.

AD Ports Group has launched integrated logistics services connecting Khalifa Port with Umm Qasr Port in Iraq, reinforcing commitment to enhancing regional connectivity and supporting existing trade corridors.

Kuwait Petroleum Corporation (KPC) has plans to raise the country's oil production to two million barrels per day (bpd) within a week, amid the reopening of the Strait of Hormuz under a US-Iran peace agreement, said KPC's Deputy Chairman and CEO, Sheikh Nawaf Saud Al-Sabah.

In a first for the UAE, the Ministry of Finance has launched the Sovereign Retail T-Sukuk Programme, giving citizens and residents access to a government-backed, Shariah-compliant investment opportunity.

Emirates Airline has introduced the world's first conflict cover for travel that includes medical reimbursement of up to $25,000, hotel stays "during airport closures" and a free trip extension of up to 30 days, offering travellers "greater peace of mind".

Dubai International Airport (DXB) is likely to make an 80-85 per cent operational recovery by the end of 2026 following the regional developments, announced CEO of Dubai Airports Paul Griffiths.

Microsoft has been sued by shareholders who accused the company of defrauding them and inflating its stock price by failing to disclose slowing growth in its Azure cloud business and the need to spend billions of dollars on AI infrastructure.

UAE climate-tech company HyveGeo has been crowned the winner of Dubai Holding's Innovate For Tomorrow Impact Accelerator, securing pilot funding and the opportunity to test its solutions within Dubai Holding's business ecosystem.

International visitors arriving in Abu Dhabi on Etihad-operated flights will receive complimentary medical travel insurance as part of a new partnership between the airline and the Department of Culture and Tourism - Abu Dhabi.

SpaceX jumped 23 per cent in its Nasdaq debut on Friday, as investors piled in to the world's largest IPO and bet on Elon Musk's sprawling empire spanning rockets, internet service and AI.

India has barred commercial fuel buyers from purchasing gasoline and diesel from retail stations and capped daily diesel purchases to prevent local shortages amid disruptions to global supply chains due to the war in the Middle East.

Authorities in Hong Kong have seized suspected counterfeit FIFA World Cup items including football jerseys and balls with an estimated value of HK$156 million ($19.91 million), officials said.

His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Dubai's Crown Prince and the UAE's Deputy Prime Minister and Defence Minister, has approved a series of initiatives aimed at accelerating artificial intelligence adoption and strengthening Dubai’s digital economy.

Emaar Properties has announced plans to unveil a major new master development in Dubai, described as its most ambitious project yet.

Emirates will roll out incentives aimed at winning back customers worried about the protracted Iran war, focusing on safety and reliable travel connections rather than lower fares, the airline's President Tim Clark told Reuters on Tuesday.

The expense eligibility on VAT refunds on the costs of constructing new homes for UAE nationals has been expanded under a new initiative by the Federal Tax Authority (FTA), with AED 25,000 set for each claim.

Shares from Swiss-incorporated companies can now be traded on Dubai Financial Market (DFM) after it has been recognised by Switzerland's Financial Market Supervisory Authority (FINMA) as a foreign trading venue.

Apple has rolled out a long-delayed overhaul of Siri on Monday, betting the upgraded assistant can help close the gap with Big Tech rivals and new-age startups in the crucial AI race.

His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and the UAE's Deputy Prime Minister and Defence Minister, has commended the Dubai International Financial Centre's (DIFC) contributions to the emirate’s long-term economic growth and global competitiveness.

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.