International Monetary Fund (IMF) Managing Director Christine Lagarde believes global economic growth next year will be ‘disappointing’ and uneven. Lagarde was quoted by a German newspaper saying the financial sector in many countries still has weaknesses, while the financial risks in emerging markets are increasing. She added that low productivity, aging populations and the effects of the global financial crisis will likely slow down growth in the medium and long term.
Almost 800 Lufthansa flights cancelled as pilots, cabin crew walk out
Hundreds of Lufthansa flights were cancelled on Thursday as pilots and flight attendants went on strike at Germany's largest airline, which has for years struggled to rein in costs at its core brand.
Dubai Holding sells 24% Empower stake to DEWA for AED 5 billion
Dubai Holding has sold its 24 per cent shares in Emirates Central Cooling Systems Corporation (Empower) to Dubai Electricity and Water Authority (DEWA) for AED 5.184 billion, increasing DEWA's shareholding from 56 per cent to 80 per cent.
DXB Airport hits record 95.2 million visitors in 2025
Dubai International (DXB) has welcomed 95.2 million guests in 2025, marking the busiest year in the airport’s history and the highest annual international passenger traffic ever recorded by any airport.
New 'DC Connect' platform streamlines Dubai Chambers services
Dubai Chambers has unveiled DC Connect, a digital platform that brings all the chambers' services together in one easy‑to‑use portal.
UAE industrial exports hit record AED 262 billion
The UAE’s industrial exports reached a record AED 262 billion in 2025, marking a 25 per cent growth year-on-year and more than doubling since the Ministry of Industry and Advanced Technology was established in 2020.
