The British pound has hit the lowest point since 1985, but governor of the Bank of England Mark Carney says it’s to be expected, and the bank is well prepared for this. Carney said: “Inevitably there will be a period of uncertainty. It will take some time to establish new relationships with Europe and the rest of the world. “The Bank of England will not hesitate to take additional measures, as required as markets adjust, and as the UK economy moves forward.”
Almost 800 Lufthansa flights cancelled as pilots, cabin crew walk out
Hundreds of Lufthansa flights were cancelled on Thursday as pilots and flight attendants went on strike at Germany's largest airline, which has for years struggled to rein in costs at its core brand.
Dubai Holding sells 24% Empower stake to DEWA for AED 5 billion
Dubai Holding has sold its 24 per cent shares in Emirates Central Cooling Systems Corporation (Empower) to Dubai Electricity and Water Authority (DEWA) for AED 5.184 billion, increasing DEWA's shareholding from 56 per cent to 80 per cent.
DXB Airport hits record 95.2 million visitors in 2025
Dubai International (DXB) has welcomed 95.2 million guests in 2025, marking the busiest year in the airport’s history and the highest annual international passenger traffic ever recorded by any airport.
New 'DC Connect' platform streamlines Dubai Chambers services
Dubai Chambers has unveiled DC Connect, a digital platform that brings all the chambers' services together in one easy‑to‑use portal.
UAE industrial exports hit record AED 262 billion
The UAE’s industrial exports reached a record AED 262 billion in 2025, marking a 25 per cent growth year-on-year and more than doubling since the Ministry of Industry and Advanced Technology was established in 2020.
