Business from Saturday, May 17th, 2025

The UAE, represented by the Ministry of Energy and Infrastructure (MoEI), has participated in the BRICS Transport Ministers’ meeting held in Brasília, the capital of Brazil.

Moody's downgraded the US sovereign credit rating on Friday due to concerns about the nation's growing $36 trillion debt pile, in a move that could complicate President Donald Trump's efforts to cut taxes and send ripples through global markets.