Business

Russian gas exports through Ukraine to Europe were down more than 3 per cent on Sunday and Monday from levels seen in recent months, while nominations for gas to and from Slovakia were stable, data from Gazprom and a pipeline operator showed.

The OPEC Fund for International Development (the OPEC Fund) has signed a $40 million loan as part of a $394 million sustainability-linked loan for ETC Group (ETG), one of Africa’s largest agricultural commodity supply chain managers.

The UAE has officially joined the Eurasian Group on Combatting Money Laundering and Terrorist Financing (EAG) as an observer, making it the first country in the region to achieve this status.

World Trade Organisation (WTO) chief Ngozi Okonjo-Iweala was reappointed for a second term at a special meeting on Friday, the trade watchdog said, meaning her tenure will coincide with US President-elect Donald Trump's second administration.

President Volodymyr Zelenskiy signed into law on Thursday Ukraine's first wartime tax increases as the war against Russia reaches its 34th month.

Dubai Chambers and Standard Chartered signed a Memorandum of Understanding (MoU) to enhance collaboration aimed at fostering the growth of UAE businesses and supporting their expansion into promising global markets.

The OPEC+ alliance of oil-producing countries has postponed its next meeting on output policy to December 5 from December 1 to avoid a conflict with another event, OPEC said on Thursday.

The UAE and the Philippines have signed key agreements in several new areas of cooperation, including in culture, energy transition, AI, and diplomacy, during President Marcos’ working visit to the UAE this week.

The US Federal Trade Commission has opened a broad antitrust investigation into Microsoft, including of its software licensing and cloud computing businesses, a source familiar with the matter said on Wednesday.

The UAE's President His Highness Sheikh Mohamed bin Zayed Al Nahyan has chaired the annual meeting of the ADNOC Board of Directors.

Emirates Airline has marked the delivery of the first of its A350 fleet with a special unveiling ceremony at its headquarters in Dubai on Wednesday.

US President-elect Donald Trump's plan to slap a 25 per cent tax on all imports from Mexico and Canada could strike the bottom lines of US automakers, especially General Motors, and raise prices of SUVs and pickup trucks for US consumers.

The Federal Communications Commission (FCC) has approved a license for T-Mobile and Elon Musk's SpaceX Starlink unit to provide supplemental coverage from space in a bid to extend internet access to remote areas.

Walt Disney has agreed to pay $43.3 million to settle a lawsuit alleging that its female employees in California earned $150 million less than their male counterparts over an eight-year period, the plaintiffs' lawyers said in a statement on Monday.

UAE carrier Etihad Airways is set to introduce ten new destinations starting in 2025, expanding its global presence as it brings tens of thousands of new visitors to the capital.

US President-elect Donald Trump on Monday pledged a 25 per cent tariff on all products from Mexico and Canada from his first day in office, and an additional 10 per cent tariff on goods from China, citing illegal immigration and the trade of illicit drugs.

The UAE and Bahrain have finalised the procedures required to implement an MoU, signed last January, that fosters cooperation between the National In-Country Value (ICV) Programme and Bahrain’s Value Programme in Industry, known as Takamul.

Emirates is marking a major milestone today with the delivery of its first Airbus A350 aircraft.

US-based investment bank Morgan Stanley has acquired regulatory approval to move its regional headquarters to Riyadh as the Kingdom increasingly attracts global companies.

The Environment Agency – Abu Dhabi, (EAD) has announced that Abu Dhabi will be the first in the Middle East and North Africa (MENA) region to implement the Enhanced Transparency Framework (ETF) on a subnational level, following last year’s national level launch by the Ministry of Climate Change and Environment (MOCCAE).

The COP29 Presidency announced on Saturday the end of the decade-long wait for the conclusion of negotiations on high integrity carbon markets under Article 6 of the Paris Agreement.

A US bribery indictment of Indian billionaire Gautam Adani is linked to one contract of Adani Green Energy that makes up some 10 per cent of its business, and no other firms in the conglomerate are accused of wrongdoing, the group's CFO said on Saturday.

The UAE government has launched the Know Your Customer (KYC) digital platform, aimed at providing accurate, confidential data for financial transactions.

Volkswagen's union said it was gearing up for strikes across German factories from December 1 after talks over wages and unprecedented factory closures at Europe's largest carmaker failed to achieve a breakthrough on Thursday.

A UAE delegation headed by the Assistant Minister for Economic and Trade Affairs, Saeed Mubarak Al Hajeri, conducted meetings with prominent companies in Finland during an official visit.

A UAE delegation, led by the Assistant Foreign Minister for Advanced Science and Technology, Omran Sharaf, concluded a two-day visit to Ireland's capital for talks on strengthening science, technology, and trade partnerships.

Mubadala Investment Company and Safran, a French multinational aerospace and defence corporation, have joined forces to accelerate aerospace innovation and development within the UAE.

Gautam Adani, the billionaire chairperson of Indian conglomerate Adani Group and one of the world's richest people, has been indicted in New York over his role in a $265 million bribery scheme, according to US prosecutors.

Bitcoin reached a historic high of over $97,000 on Thursday, driven by expectations that US President-elect Donald Trump will introduce pro-cryptocurrency measures.

Dubai International Chamber attracted 157 companies in the first nine months of the year, marking a 68.8 per cent increase compared to the same period last year, including a 117 per cent increase in multinational companies (MNCs) YoY. 

The Minister of Tolerance and Coexistence, H.E. Sheikh Nahyan bin Mubarak Al Nahyan, inaugurated Air Expo Abu Dhabi 2024 on Tuesday as top industry CEOs and distinguished guests gathered for the event.

Emaar Properties and Dubai World Trade Centre (DWTC) have announced a joint venture to develop Expo Living, a new residential community at Expo City Dubai.

DP World and SailGP have announced a global logistics partnership that will see the company oversee the transport and delivery of the sailing championship’s annual calendar of events.

Talabat Holding has officially announced the price range for its initial public offering (IPO) on the Dubai Financial Market (DFM), marking the start of the subscription period.

Dubai International (DXB) is set to break traffic records in 2024, following impressive growth in the first nine months of the year.

Etihad Airways has announced it will end its unilateral codeshare and bilateral frequent flyer partnership with Virgin Australia, effective June 1, 2025.

The world’s biggest asset manager, BlackRock, has obtained a commercial licence in Abu Dhabi, weeks after the company announced its plans to set up its regional headquarters in Saudi Arabia.

Global holiday home rental company Airbnb has urged Barcelona's mayor to rethink a widening crackdown on short-term rentals, arguing that it only benefits the hotel sector while failing to address overtourism and a housing crisis.

The 1 Billion Followers Summit, the first and world’s largest event of its kind, announced that its "1 Billion Pitches" competition has attracted 500 submissions from 40 countries.

The UAE's participation as a guest at the G20 Summit being held on November 18-19 in Rio de Janeiro, Brazil, is part of an exchange of shared visions with Brazil, supporting joint action to achieve future goals.

Apple has deleted one of US-funded Radio Free Europe/Radio Liberty's Russian-language news apps from the Russian App Store at the request of state communications regulator Roskomnadzor, the news outlet said on Friday.

Russia told Austria on Friday it will suspend gas deliveries via Ukraine on Saturday, in a development that signals a fast-approaching end of Moscow's last gas flows to Europe.

His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and the UAE's Deputy Prime Minister and Defence Minister, met with the CEO of X, formerly known as Twitter, Linda Yccarino, to discuss the UAE’s strategic direction in digital transformation.

Etihad Airways has reported a strong performance for the first nine months of 2024, posting a profit after tax of AED 1.4 billion, a 66% increase from AED 814 million in the same period last year.

Lulu Retail Holdings PLC, commenced trading on the Abu Dhabi Securities Exchange (ADX) on Thursday following its Initial Public Offering and trading under the ticker 'LULU'.

Iranian bank cards can now be used in Russia, after the two countries linked their banking systems to evade sanction, state broadcaster IRINN reported.

Salik Company announced its financial results for the nine-month period ended on September 30, registering a net profit of AED 822.0 million after tax, up 2.4 per cent YoY.

Saudi Arabia announced Tuesday that it was replacing the CEO of its $500-billion futuristic mega-city NEOM. 

Iran has made plans to sustain its oil production and export and is ready for possible oil restrictions from a Trump administration in the US, Oil Minister Mohsen Paknejad said on Wednesday, according to the oil ministry's news website Shana. 

Boeing said on Tuesday it delivered 14 commercial jets in October, less than half of the 34 jets it handed over to customers during the same month in 2023, after a weeks-long strike halted most of its aircraft production.

Visa said on Tuesday it was rolling out a flexible payments feature in the UAE and US, as it looks to capitalize on the growing demand for a variety of transaction options.

Masdar, the UAE's leading clean energy company, and its partners have reached a major milestone in the development of a 1-gigawatt (GW) wind farm in Kazakhstan.

Oil and gas company Shell on Tuesday won its appeal against a landmark climate ruling in the Netherlands, which in 2021 ordered the oil and gas company to sharply reduce greenhouse gas emissions.

The Sharjah Chamber of Commerce and Industry, represented by the Sharjah Exports Development Centre, has launched a trade mission to Uganda and Kenya, running from November 11th to 14th.

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.