Business

The UAE Accountability Authority has signed a Memorandum of Understanding (MoU) with the National Audit Office of Estonia, to strengthen cooperation in audit and oversight, exchanging institutional expertise, and leveraging modern technologies to advance audit systems and digital governance.

OPEC+ has agreed in principle to keep its planned pause on oil output increases for March when it meets later on Sunday, according to three delegates and a draft statement seen by Reuters, even after crude prices hit six-month highs on concern the US could launch a military strike on OPEC member Iran.

The World Laureates Summit opened on Sunday in Dubai, bringing together more than 150 scientists and participants, including Nobel Prize laureates and recipients of the world’s most prestigious scientific awards, alongside leaders of research institutions and policymakers from around the globe.

Dr. Thani bin Ahmed Al Zeyoudi, Minister of Foreign Trade, has welcomed Beate Meinl-Reisinger, Austrian Minister for European and International Affairs, and Austrian business executives, to a roundtable aimed at enhancing private sector collaboration between UAE and Austrian companies.

Ras Al Khaimah Economic Zone (RAKEZ) recorded another year of strong performance in 2025, with 19,000 new companies joining its growing business community.

The UAE's non-oil foreign trade has exceeded AED 3.8 trillion ($1 trillion) for "the first time in its history", His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, announced on Saturday.

The UAE Ministry of Investment and the Scottish Government have signed a Memorandum of Understanding aimed at strengthening investment cooperation and boosting mutual investment flows between the two countries.

US President Donald Trump has threatened new tariffs on Thursday on countries supplying oil to Cuba, escalating a pressure campaign against the communist-run island and long-time foe of the United States.

China agreed to relax rules to allow some visa-free travel for British citizens on Thursday during a visit by Prime Minister Keir Starmer to Beijing, as part of a partnership deal which London hopes will help expand its service sector.

Tesla has said on Wednesday it will invest $2 billion in CEO Elon Musk's artificial-intelligence company xAI, and that production plans for its Cybercab robotaxi were on track for this year.

flydubai has launched two leadership programmes designed to accelerate internal talent growth, strengthen leadership capability and further embed a high-performance, values-driven work culture across the organisation.

Amazon confirmed 16,000 corporate job cuts on Wednesday, completing a plan for around 30,000 since October while leaving open the possibility of further reductions.

His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, has launched the DIFC Zabeel District — a landmark expansion of the Dubai International Financial Centre.

Dubai Media City, the Middle East’s leading hub dedicated to the media and content creation sector, is marking its 25th anniversary of innovation and growth in the creative industries.

India and the European Union have finalised a long-pending landmark trade deal, both sides said on Tuesday, as they seek to hedge against strained ties with the US.

His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, has visited the 31st edition of Gulfood, the world’s leading food and beverage sourcing event, marking the largest edition in its history.

A new Rental Dispute Resolution Centre will be established in Ajman to streamline the handling of landlord-tenant disputes and strengthen stability in the real estate sector.

H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Deputy Prime Minister, Minister of Defence, and Chairman of The Executive Council of Dubai, witnessed the signing of a partnership agreement between Dubai Municipality, the General Construction Company and Binghatti, to develop Hewi Al Barsha and Hewi Muhaisnah.

India plans to slash tariffs on cars imported from the European Union to 40 per cent from as high as 110 per cent, sources said, in the biggest opening yet of the country's vast market as the two sides close in on a free trade pact that could come as early as Tuesday.

Dubai Chambers explored ways to deepen economic cooperation with Serbia during a recenttrade mission to Belgrade aimed at expanding bilateral engagement across a range of sectors.

TikTok's Chinese owner, ByteDance, on Thursday said it has finalised a deal to establish a majority American-owned joint venture that will secure US data, to avoid a US ban on the short video app used by over 200 million Americans.

DP World has officially unveiled the Dubai Food District, a major expansion and rebranding of the Al Aweer Central Fruit and Vegetable Market that will bring trade, storage, processing and distribution into a single, connected ecosystem.

TECOM Group has acquired an university campus at Dubai International Academic City for AED125 million, raising its total investments across its commercial and industrial portfolio to more than AED 5.5 billion since listing in July 2022.

Sharjah Airport has announced record results for 2025, with passenger numbers reaching 19.48 million, up from 17.1 million in 2024 — a growth of nearly 14 per cent.

Dubai Holding, through its subsidiary Dubai Holding Hospitality, has acquired the five-star Jumeirah Mallorca in Port de Sóller, Spain, from Deka Immobilien.

The UAE's Tawazun Council for Defence Enablement has announced new defence contracts worth nearly AED 880 million on the opening day of UMEX and SimTEX 2026 exhibitions in Abu Dhabi.

ADNOC Gas and its subsidiaries have announced the signing of a 10-year sales and purchase agreement valued at between $2.5-$3 billion with Hindustan Petroleum Corporation Limited (HPCL).

His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, toured the fifth edition of World of Coffee Dubai, featuring more than 2,100 exhibitors and brands from 78 countries.

The United Arab Emirates is participating in the 56th Annual Meeting of the World Economic Forum 2026, taking place in Davos, Switzerland from January 19-23, with a high-level delegation led by H.H. Sheikha Latifa bint Mohammed bin Rashid Al Maktoum, Chairperson of Dubai Culture and Arts Authority.

Dr. Thani bin Ahmed Al Zeyoudi, Minister of Foreign Trade, led a high-level government and business delegation to Yaoundé, Cameroon, where he extended the greetings of the UAE’s leadership to Cameroon’s Prime Minister Joseph Dion Ngute.

Abu Dhabi's Masdar and Montenegro's national power utility Elektroprivreda Crne Gore have partnered to explore ways to develop large-scale renewable energy projects in the Balkan country.

The UAE has joined the US-led Pax Silica initiative that seeks to secure the AI and semiconductor supply chain, following the signing of a declaration at the Zayed National Museum in Abu Dhabi on Wednesday.

Dubai’s economic momentum continues to surge, with the Dubai Chamber of Commerce announcing strong growth figures for 2025.

Netflix is preparing to make an all-cash offer for Warner Bros Discovery's studios and streaming businesses, a source familiar with the matter told Reuters on Tuesday.

The UAE and Nigeria have signed a Comprehensive Economic Partnership Agreement (CEPA), marking a major step forward in trade and investment relations between the two countries.

The UAE and the Philippines have signed a Comprehensive Economic Partnership Agreement (CEPA) to help fuel a new era of economic cooperation, boost bilateral investment flows, and create opportunities in vital sectors.

Dubai International (DXB) will introduce ticketless parking system from January 22 under a new 10-year partnership with toll operator Salik.

Abu Dhabi's Supreme Council for Financial and Economic Affairs has announced the formation of the Board of Directors for L’IMAD Holding Company, chaired by His Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan.

Dubai’s real estate sector recorded exceptional growth in 2025, reaching AED 917 billion in transactions — surpassing expectations and moving closer to the long-term target of AED 1 trillion by 2033.

DP World, Pakistan Railways and National Logistics Corporation (NLC) have begun construction on the Dedicated Freight Corridor and Multimodal Logistics Park at Pipri, following a groundbreaking ceremony held at the site.

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.