Business

The Federal National Council (FNC) approved a federal draft law on Tuesday, linking the Union General Budget and the budgets of independent federal entities for the fiscal year 2026.

His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, First Deputy Ruler of Dubai and President of the Dubai International Financial Centre (DIFC), has reviewed DIFC’s latest strategic progress and future plans during a meeting of the Higher Board of Directors.

The UAE government has amended the law on commercial companies to enhance competitiveness and keep pace with global economic developments.

His Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Chairman of the Abu Dhabi Executive Council, has approved the launch of the FinTech, Insurance, Digital and Alternative Assets (FIDA) cluster, announced at the Abu Dhabi Finance Week.

The Director of the Middle East and Central Asia Department at the International Monetary Fund (IMF), on Monday, said the UAE economy posted the best performance among GCC countries in 2025.

Nakheel, a member of Dubai Holding Real Estate, has awarded a AED400 million contract to Shapoorji Pallonji Mideast for the construction of 38 Crown Garden Villas, an exclusive collection of grand residences at Palm Crown on Palm Jumeirah.

DP World has signed a landmark agreement with Afghanistan to develop and operate the country’s most important land border facilities at Torkham and Hairatan.

H.H. Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, First Deputy Ruler of Dubai, Deputy Prime Minister, Minister of Finance, and Chairman of the Dubai Real Estate Corporation (DREC), chaired a meeting of the DREC Board of Directors, during which he reviewed the 2025 performance of Wasl Group.

Meta is delaying the release of its Phoenix mixed-reality glasses until 2027, aiming to get the details right, Business Insider reported on Friday, citing an internal memo.

Thousands of IndiGo passengers were stranded by flight cancellations on Thursday - a third day of chaos after the country's biggest airline did not make sufficient changes to its roster planning ahead of new government regulations.

UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan met with Amazon's Founder and Executive Chairman, Jeff Bezos, in Abu Dhabi.

Saudi Arabia approved the kingdom's budget for 2026 with an estimated deficit of 165 billion riyals ($44 billion), the Saudi state news agency reported on Tuesday.

US consumers shrugged off worries about the economy after their Thanksgiving dinners and went on a $23.6 billion three-day online shopping frenzy that exceeded analyst expectations, kicking off the holiday season.

The UAE and Kuwait have signed a Memorandum of Understanding (MoU) aimed at building a comprehensive framework for collaboration in space sciences, advanced research, and national capacity development.

Amazon and Google introduced a jointly developed multicloud networking service on Sunday to meet growing demand for reliable connectivity the companies said in a statement, at a time when even brief internet disruptions can cause major outages.

Airbus confirmed on Monday it faced an industrial quality issue with metal panels on some A320-family jets, in its latest challenge after a recall to fix a computer glitch.

Airbus fleets were returning towards normal operations on Monday after the European planemaker pushed through abrupt software changes faster than expected, as it wrestled with safety headlines long focused on rival Boeing.

The General Civil Aviation Authority (GCAA) of the United Arab Emirates confirmed on Sunday that all UAE operators of Airbus A319, A320, and A321 aircraft had fully complied with the Emergency Airworthiness Directive issued by the State of Design authority.

OPEC+ will likely leave oil output levels unchanged at its meetings on Sunday, four OPEC+ sources said as the group slows down its push to regain market share amid fears of a looming supply glut.

Dubai has introduced new regulations related to the trading of petroleum products across the emirate.

Dubai International (DXB) is preparing for a strong year-end travel wave, with forecasts indicating over 10 million travellers set to pass through the airport from November 27 to December 31. 

Australian food delivery workers are on course to gain minimum pay levels after Uber Eats and DoorDash struck a deal with the country's transport union that is being hailed as a world first.

The 19th edition of the Dubai Airshow has set a historic record with deals surpassing AED741.8 billion ($202 billion), achieving double the AED370.9 billion ($101 billion) secured at its 18th edition in 2023.

Emirates Global Aluminium (EGA) is marking its 50th anniversary and a decade since the merger of Emirates Aluminium and Dubai Aluminium that created the company.

UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan has presided over the annual ADNOC Board meeting at the Habshan complex in Abu Dhabi, a strategic hub for the company’s onshore operations and home to one of the world’s largest gas-processing facilities.

Canada and India have agreed to restart stalled talks for a new trade deal, Prime Minister Narendra Modi's office said on Sunday, after discussions between the two countries paused following a diplomatic spat two years ago.

The UAE will invest up to $50 billion in Canada under a framework that includes projects in artificial intelligence, energy and mining sectors.

US President Donald Trump on Thursday has removed his 40 per cent tariffs on Brazilian food products, including beef, coffee, cocoa and fruits that were imposed in July following the prosecution of former president Jair Bolsonaro.

G42 has welcomed the White House’s decision to authorise the export of advanced AI semiconductors to the Abu Dhabi-based AI company.

The UAE's negotiations on Comprehensive Economic Partnership Agreements (CEPA) with Japan and the European Union are now in advanced stages.

A new plant to convert waste into Sustainable Aviation Fuel (SAF) will be developed in Abu Dhabi, under a new partnership between Masdar and Tadweer Group.

Abu Dhabi has announced plans to boost private sector partnerships with investments exceeding $20 billion over the next five years.

Abu Dhabi's Crown Prince His Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan and South Korean President Lee Jae-myung have attended a high-level roundtable aimed at boosting economic cooperation between the UAE and South Korea.

Dubai carrier, flydubai, has placed a provisional order with Boeing for 75 Boeing 737 MAXs at the Dubai Air Show.

Dubai International (DXB) has achieved the highest quarterly traffic in its 65-year history in Q3 2025, welcoming 24.2 million guests between July and September – a 1.9 per cent increase year-on-year.

Emirates and ENOC Group have announced a new partnership to explore and develop joint initiatives for the supply of Sustainable Aviation Fuel (SAF) to Emirates at its Dubai hub.

The UAE's Tawazun Council has signed four new local and international contracts, worth AED 6.268 billion on behalf of the Ministry, bringing a total of AED 10.044 billion in deals over the first two days of Dubai Airshow 2025.

The UK government's export credit agency, UK Export Finance, has issued a $3.5 billion Expression of Interest to support British involvement in the $35 billion expansion of Al Maktoum International Airport at Dubai World Central (DWC).

Emirates has announced plans to invest up to $12 billion in its future facilities at the new Al Maktoum International Airport.

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.