Business

In 2014, Amazon introduced its first smartphone, hoping to take on Apple and Samsung. Instead, the Fire Phone - overseen directly by founder Jeff Bezos - was scrapped in barely over a year, one of Amazon’s highest-profile flops.

Dr. Sultan Al Jaber, UAE Minister of Industry and Advanced Technology, and MD & Group CEO of ADNOC, has condemned Iran’s aggression, saying they will not weaken the UAE’s resolve and stressing that the country is not a party to the ongoing regional conflict.

Dr. Thani bin Ahmed Al Zeyoudi, UAE Minister of Foreign Trade, has chaired a high-level coordination meeting in Dubai bringing together global shipping companies and industry associations to address challenges facing regional supply chains.

The 2026 edition of Arabian Travel Market (ATM), originally scheduled to take place from May 4-7 at Dubai World Trade Centre, will now take place from August 17-20, with the venue remaining unchanged.

The UAE’s Central Bank (CBUAE) approved, on Tuesday, a wide-ranging financial resilience package aimed at strengthening the banking sector and supporting the wider economy amid global and regional uncertainty.

Member countries of the International Energy Agency (IEA) could release more oil into the market later "as and if needed" after they have already agreed the largest-ever reserve release, Executive Director Fatih Birol said on Monday.

EU foreign policy chief Kaja Kallas said on Monday she had discussed with the United Nations the idea of freeing up transport of oil and gas through the Strait of Hormuz by replicating a deal that gets grain out of Ukraine during wartime.

Top US and Chinese economic officials launched a new round of talks in Paris on Sunday to iron out kinks in their trade truce and clear a smooth path for US President Donald Trump's trip to Beijing to meet with Chinese President Xi Jinping at the end of March.

The Trump administration said on Friday it expects early deliveries of oil from the US strategic petroleum reserve to reach the market by the end of next week as part of an effort to combat the energy price spike since the start of the Iran war.

Standard Chartered Bank has clarified that reports of staff being evacuated from its Dubai offices are inaccurate.

Cyprus could begin producing natural gas for export as early as 2028, Energy Minister Michael Damianos said, potentially strengthening Europe's push to diversify its energy sources as regional conflict tightens focus on supply.

DP World has announced its financial results for 2025 on Thursday, with a 22.4 per cent increase in revenue to $24.4 billion, and adjusted EBITDA up 18 per cent to $6.4 billion.

The International Energy Agency (IEA) on Wednesday recommended the release of 400 million barrels of oil, the largest such move in its history, to try to restrain soaring crude prices amid the U.S.-Israeli war with Iran.

His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, UAE Deputy Prime Minister and Defence Minister, attended a specially convened Dubai Majlis to discuss strategies to reinforce economic resilience.

Oil prices plummeted by more than $10 a barrel on Tuesday after soaring to an almost four-year high in the previous session after U.S. President Donald Trump predicted the war in the Middle East could end soon, lowering expectations of prolonged disruptions to oil supply.

DP World has appointed Ahmad Yousef Al-Hassan as Chief Executive Officer and Managing Director for the GCC.

Oil prices surged over $119 a barrel, hitting levels not seen since mid-2022, on Monday as some major producers cut supplies and fears of prolonged shipping disruptions gripped the market due to the expanding US-Israeli war with Iran.

HSBC on Monday expressed confidence in the Gulf Cooperation Council (GCC) members' economic prospects as the region and the wider Middle East brace for the economic shock from the U.S.-Israeli conflict with Iran.

Silal, an Abu Dhabi agri-food and technology company, has announced the expansion of its operations in Ras Al Khaimah in collaboration with the National Agricultural Centre.

G7 countries have not made a decision yet on the potential release of emergency oil stocks in the wake of the U.S.-Israeli conflict with Iran, France's Finance Minister Roland Lescure said on Monday.

U.S.-China dialogue is vital to preventing globally damaging miscalculations, China's top diplomat said on Sunday, ahead of a highly anticipated summit this month between leaders Xi Jinping and Donald Trump.

Abu Dhabi’s Endowments and Minors’ Funds Authority has signed an agreement with LuLu Group International to develop commercial projects worth AED100 million, with the returns aimed at supporting orphans in the UAE.

Emirati businessman Mohamed Alabbar has stated that he has "no concerns" about the property market in the UAE amidst the ongoing regional developments.

Banks, financial institutions and insurance companies across the UAE continue to operating normally, without disruptions, confirmed Khaled Mohamed Balama, Governor of the Central Bank of the United Arab Emirates (CBUAE).

Dubai's DP World has announced that all terminals at Jebel Ali port are operating normally, adding that it is continuously monitoring developments in close coordination with relevant authorities.

The UAE and Japan have agreed on the final provisions of a Comprehensive Economic Partnership Agreement (CEPA).

Trading and settlement activities on the Abu Dhabi Securities Exchange (ADX) and Dubai Financial Market (DFM) will resume on Wednesday, March 4.

Apple on Tuesday unveiled updated MacBook Air and MacBook Pro models, featuring its latest M5-series chips and bigger base storage, in a bid to lure buyers in a softening PC market squeezed by rising memory costs.

His Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi, and President of Ecuador Daniel Noboa have announced the signing of a Comprehensive Economic Partnership Agreement (CEPA) between the two nations on Sunday.

The Dubai Financial Services Authority (DFSA), has announced the temporary closure of Nasdaq Dubai exchange on Monday, March 2, and Tuesday, March 3, due to the ongoing regional developments.

The UAE Capital Market Authority has announced that the Abu Dhabi Securities Exchange (ADX) and Dubai Financial Market (DFM) will be closed from Monday, 2 March 2026, until further notice.

Abu Dhabi's Department of Culture and Tourism has issued an official circular to hotel managers across the emirate instructing them to extend the stays of guests who are unable to depart due to travel disruptions following missile and drone attacks from Iran.

Brent crude LCOc1 jumped 10% to about $80 a barrel over the counter on Sunday, oil traders said, while analysts predicted that prices could climb as high as $100 after U.S. and Israeli launched strikes on Iran.

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.