Business from Monday, May 26th, 2025

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".