Business

Aldar Properties today announced its financial results for the first quarter of 2025, reporting a 33 per cent year-on-year increase in profit before tax to AED 2.2 billion, with net profit after tax rising by 22 per cent year-on-year to AED 1.9 billion.

H.H. Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Chairman of the Abu Dhabi Executive Council, received Sarah Friar, Chief Financial Officer of OpenAI, a leading artificial intelligence research organisation.

Amazon denied a report on Tuesday that it planned to disclose to customers on its website the cost that U.S. tariffs imposed by President Donald Trump were adding to its products, after the White House blasted the idea.

Abu Dhabi hotels will soon use facial recognition tech to offer guests a seamless experience while adhering to strict privacy guidelines. 

Emirates Airline has inked a host of agreements with a number of countries including the Philippines, Maldives, Thailand and Japan to boost tourism.

The Dubai Multi Commodities Centre (DMCC) announced Indian companies now account for 16 per cent of the international business district’s total member base, a 7 per cent year-on-year increase.

Dubai has officially gained the recognition as a certified Autism destination, underscoring citywide efforts to make tourism more accessible and inclusive for all.

His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Deputy Prime Minister, Minister of Defense, and Chairman of the Dubai Executive Council, has announced that the Dubai World Trade Centre (DWTC) generated an economic output exceeding AED 22.35 billion in 2024.

OpenAI has announced the launch of a new version of its advanced tool 'Deep Research' integrated into ChatGPT, maintaining a high level of quality while introducing enhanced accessibility across user tiers.

Japan's Prime Minister Shigeru Ishiba on Friday said the government has compiled an emergency economic package to alleviate any impact on industries and households from new US import tariffs.

Bangladesh and the World Bank have signed two financing agreements worth $850 million to strengthen the South Asian country's trade capacity, create jobs and modernise its social protection system.

Saudi Arabia and India agreed to boost cooperation in supplies of crude and liquefied petroleum gas, according to a joint statement reported by the Saudi state news agency on Wednesday following a visit by Prime Minister Narendra Modi.

Tesla CEO Elon Musk said he would cut back significantly the time he devotes to the Trump administration from next month and spend more time running his many companies.

Dubai is taking another major step in its digital transformation with the launch of a groundbreaking AED 2 billion hyperscale data centre.

Dubai Taxi Company (DTC) will strengthen its electric taxi fleet with 200 BYD sedans under a new partnership with Al-Futtaim Electric Mobility.

US Vice President JD Vance and Indian Prime Minister Narendra Modi touted progress in talks for a trade deal between the two countries, their offices said, as New Delhi rushes to avoid US tariffs and court Trump's administration.

In a move to boost global cooperation and sustainable development, the UAE has appointed Badr Jafar as Special Envoy for Business and Philanthropy.

The UAE foreign trade touched AED5.23 trillion ($1.424 trillion) in 2024, a 49 per cent increase from AED3.5 trillion ($949 billion) in 2021, according to the World Trade Organisation's latest report.

Dubai Land Department (DLD) signed 11 agreements with diverse local and international entities during the International Property Show (IPS) 2025.

US President Donald Trump on Thursday signalled a potential end to the tit-for-tat tariff hikes between the US and China that shocked markets, and that a deal over the fate of social media platform TikTok may have to wait.

Abu Dhabi-based Mubadala Investment Company has signed an agreement to acquire a $600 million (around AED 2.203 billion) minority stake in private school operator Nord Anglia Education.

Chinese online marketplace Temu and fast-fashion retailer Shein will raise prices on their products next week as US President Donald Trump's crackdown on low-value imports and sweeping tariffs increase expenses for the companies known for their low-priced offerings.

The United States on Wednesday issued new sanctions targeting Iran's oil exports, including against a China-based "teapot" oil refinery, as President Donald Trump's administration seeks to ramp up pressure on Tehran.

A new study from the International Air Transport Association (IATA) has revealed that aviation and related tourism contributed $92 billion (AED 337.9 billion) to the UAE’s economy in 2023, making up 18.2 per cent of the country’s GDP.

Nvidia said it would take $5.5 billion (AED 20 billion) in charges after the US government limited exports of its H20 artificial intelligence chip to China, a key market for one of its most popular chips.

Chinese sellers of items from lunch boxes to appliances have taken to social media platform Rednote to generate sympathy purchases, telling domestic consumers they are offloading stock at bargain prices amid US tariffs.

The UAE and Japan have wrapped up their second Ministerial Meeting under the Comprehensive Strategic Partnership framework.

dnata has reached a significant milestone, handling over 1 million tonnes of cargo in Dubai between April 2024 and March 2025, the highest volume ever processed by the company in a 12-month period.

Noatum Logistics, an AD Ports Group company, has announced the acquisition of 152 long-haul transport trucks to enhance its freight forwarding operations in the Middle East.

dnata is to launch three major facility launches as part of global infrastructure investments exceeding $110 million (AED 404 million), as the air cargo industry gathers in Dubai for the World Cargo Symposium.

Dubai International Airport has maintained its position as the world’s busiest airport in terms of international passenger traffic for 2024, according to a report released by the Airports Council International (ACI) World.

Dubai is stepping up its stormwater drainage infrastructure, with Dubai Municipality awarding contracts worth AED 1.43 billion for four major projects under the 'Tasreef' initiative.

US President Donald Trump said he would be announcing the tariff rate on imported semiconductors over the next week, adding that there would be flexibility with some companies in the sector.

The UAE has marked the opening of its national pavilion at Expo 2025, Osaka, in the presence of Dr. Sultan bin Ahmed Al Jaber, Minister of Industry and Advanced Technology and Special Envoy of the UAE to Japan, Noura Al Kaabi, Minister of State.

US President Donald Trump's administration granted exclusions from steep reciprocal tariffs to smartphones, computers and some other electronics imported largely from China, providing a big break to tech firms like Apple that rely on imported products.

The UAE is reinforcing its status as a global hub for technology, innovation and investment, with a strong focus on advanced sectors like artificial intelligence and semiconductors.

Indian airline IndiGo will launch two direct daily flights connecting Fujairah with Mumbai and Kannur, starting May 15.

DP World has broken ground on a major new trade hub in Dubai — the Bharat Mart — aimed at boosting global market access for Indian businesses.

Britain's economy returned to growth in February with its fastest expansion in 11 months, beating economists' expectations and placing it on a slightly firmer footing as it braces for the impact of US tariffs.

The UAE and Ireland have signed an Memorandum of Understanding (MoU) to establish a Joint Economic Commission to facilitate ongoing dialogue and collaboration.

India’s top business school, IIM Ahmedabad, is set to open a new campus in Dubai, and plans are also underway for a UAE-India Friendship Hospital in the city.

His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and the UAE's Deputy Prime Minister and Defence Minister, has inaugurated DP World's state-of-the-art Free Trade Warehousing Zone (FTWZ) in Mumbai.

A Global Cyber Security Centre of Excellence has been launched in Abu Dhabi, marking the UAE's collaboration with Google to use AI to advance digital infrastructure and ramp up cyber security.

Chinese companies that sell products on Amazon are preparing to hike prices for the US or quit that market due to US President Donald Trump's unprecedented tariff hikes, sellers and the head of China's largest e-commerce association said.

In a stunning reversal, US President Donald Trump said he would temporarily lower the hefty duties he had just imposed on dozens of countries while further ramping up pressure on China, sending global stocks rocketing higher.

Dubai Chambers have organised a high-level business meeting in Mumbai with key officials and business leaders from both the UAE and India.

China will impose 84 per cent tariffs on US goods from Thursday, up from the 34 per cent previously announced, its finance ministry said on Wednesday, firing the latest salvo in a global trade war sparked by US President Donald Trump.

Pakistan's national carrier has posted an annual profit for the first time in more than two decades ahead of a second attempt by the government to sell the airline, the country's defence minister said.

US President Donald Trump's "reciprocal" tariffs on dozens of countries took effect on Wednesday, including massive 104 per cent duties on Chinese goods, deepening his global trade war even as he prepared for negotiations with some nations.

South Korea on Wednesday announced emergency support measures for its auto sector, seeking to reduce the blow of US President Donald Trump's tariffs on a sector that has seen years of sharply rising exports to the United States.

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.