US crude oil exports hit record high in May
US crude oil exports reached a record high of 5.6 million barrels per day in May, driven by increased demand from Asian and European refineries following developments in the Middle East and the closure of.
Economy
Breaking business updates and trade deals, sector insights, personal finance, and global economic trends.
Economy
Finance
Official launch of electronic link between Amman Stock Exchange and Abu Dhabi Securities Exchange
Jordan’s capital market institutions, in cooperation with Abu Dhabi Securities Exchange, officially launched the electronic link between the two markets through the “Tabadul” platform during an official ceremony held at the InterContinental Hotel in Amman..
Finance
Nahyan bin Mubarak to inaugurate Arqaam Capital’s 13th Annual MENA Investor Conference
Sheikh Nahyan bin Mubarak Al Nahyan, Minister of Tolerance and Coexistence, will inaugurate Arqaam Capital’s 13th Annual MENA Investor Conference on Wednesday, 3rd June 2026, at The Ritz-Carlton, DIFC, Dubai. The conference will convene regional.
Economy
DP World to expand logistics capacity in Dominican Republic with new US$100 million investment
DP World and the Government of the Dominican Republic will invest an additional US$100 million to expand logistics and warehousing infrastructure at the DP World Free Trade Zone (FTZ) in Caucedo. Unveiled during the 12th.
Economy
Gold slips on stronger dollar
Gold prices edged lower on Monday after reaching their highest levels in two weeks. Spot gold fell 0.4 percent to US$4,518.09 per ounce as of 03:06 GMT, after hitting a two-week high in the previous.
Economy
Samsung Electronics tops automotive memory chip market in 2025
Samsung Electronics Co. became the world’s leading supplier of automotive memory chips last year, surpassing US chipmaker Micron, an industry report showed Sunday. Samsung’s share of the global automotive memory chip market rose to 40.
Economy
Automakers Scale Back Discounts on Electric Vehicles in Germany
house discounts for electric vehicles on the German market in May. According to the monthly new car market report from the private Centre Automotive Research (CAR), this is a direct consequence of government subsidies being.
Economy
UAE GDP Reaches Aed1.9 Trillion, Grows 6.2% in 2025
The Federal Competitiveness and Statistics Centre (FCSC) announced that the UAE’s real gross domestic product (GDP) grew by 6.2 percent in 2025 compared to 2024, reaching AED1.9 trillion. Non-oil GDP increased by 6.8 percent during.
Economy
US Imposes New Sanctions on Iranian Oil, Petrochemical Networks
The United States on Friday announced a new package of sanctions on Iranian oil and petrochemical networks as part of its ongoing “maximum pressure” campaign. These measures are designed to systematically deny the Iranian regime.
Economy
Gold prices rise amid growing inflation concerns
Gold edged higher on Friday amid growing concerns over inflation and US interest rate hikes. Spot gold rose 0.3 percent to US$4,505.57 per ounce by 04:22 GMT, but was down about 0.1 percent for the.
Finance
UAE Banks Waive AED 834 Million for Low-Income Retirees
Under the directives of UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan, and with the follow up of His Highness Sheikh Mansour bin Zayed Al Nahyan, Vice President, Deputy Prime Minister, and Chairman.
Finance
Core42 raises US$550 million from HSBC to scale global AI infrastructure
Core42, a G42 company specialising in sovereign cloud and AI infrastructure, today announced the successful arrangement of two structured trade finance facilities amounting to US$550 million with HSBC to accelerate its AI cloud and compute.
Finance
Abu Dhabi Fund for Development Monitors Progress of Key Development Projects in Africa
Abu Dhabi Fund for Development (ADFD) continues to closely monitor implementation progress and achievements across its key development projects in the African continent, underscoring its commitment to ensuring continuity of implementation in line with the.
Finance
ADX Partners with Zoud to Launch Global Money Week 2026 in Uae, Advancing Youth Financial Literacy
The Abu Dhabi Securities Exchange (ADX) Group has partnered with Zoud -- The National Financial Wellbeing and Sustainability Initiative to advance financial literacy and support more informed financial decision-making among young people. The collaboration was.
Finance
ADCB Unveils Ai-powered Mobile Banking Application
Abu Dhabi Commercial Bank (ADCB) has unveiled its next-generation mobile banking application powered by state-of-the-art artificial intelligence capabilities. Built around a smart, AI-powered conversational virtual assistant, the new app leverages artificial intelligence, machine learning and.
Finance
Abu Dhabi Infrastructure Summit Unites Developers, Investment Bodies in $57 Billion Infrastructure Drive
The Abu Dhabi Projects and Infrastructure Centre (ADPIC) on Monday announced a growing coalition of partners for the Abu Dhabi Infrastructure Summit (ADIS), as Modon, Aldar, Bloom Holding, Abu Dhabi Housing Authority (ADHA), Abu Dhabi.
Finance
Etihad Credit Insurance Highlights Role in Strengthening Strategic Trade Resilience at Lill Global Symposium
Raja Al Mazrouei, Chief Executive Officer of Etihad Credit Insurance (ECI), has underscored the growing importance of export credit agencies (ECAs) and the urgent need for diversification amid shifting geopolitical dynamics during her participation at.
Energy
ADNOC Harnesses Downstream Investments to Advance Make It in the Emirates Initiative
reaching transformation is underway in Abu Dhabi’s industrial heartland in Ruwais. As ADNOC accelerates delivery of its strategy, including AED200 billion ($55 billion) in new project awards for 2026-2028, the company is driving industrial growth.
Energy
ADNOC Drilling 1Q Revenue Rises 5% to $1.23 Billion
ADNOC Drilling company PJSC on Monday announced its financial results for the first quarter (1Q) ended 31st March 2026. The company delivered its strongest first quarter performance on record in terms of revenue and net.
Finance
Theyab Bin Mohamed Bin Zayed Offers Condolences on Passing of Nadia Barakat
H.H. Sheikh Theyab bin Mohamed bin Zayed Al Nahyan, Deputy Chairman of the Presidential Court for Development and Fallen Heroes’ Affairs, has offered condolences on the passing of Nadia Barakat, the widow of late Dr.