Abu Dhabi’s newly formed commercial court has helped resolve a major dispute in record time.
The judgement was delivered within just 12 days, whereas previously it would have taken three months on average for something similar.
The case, valued at AED 52 million was related to a sale contract between an international holding company and a bank.
Around 1,500 judicial decisions have been issued by the new court which was set up less than two months ago to deal with commercial cases.
Tesla to pull the plug on Cybertruck after years of poor sales
Tesla will wind down Cybertruck production at its Texas gigafactory around mid-2027, CEO Elon Musk said on Friday, after years of persistently weak sales for a futuristic model once touted as a rival to legacy pickup trucks.
ADNOC Gas, SNOC sign agreement to advance UAE gas network integration
ADNOC Gas and Sharjah National Oil Corporation (SNOC) have signed a strategic collaboration agreement to explore a range of strategic opportunities aimed at strengthening gas supply security and enhancing the resilience of the UAE’s energy infrastructure.
Investors wipe $2.5 trillion off Nasdaq as blue tsunami prompts AI fears
Tech-led Nasdaq has notched its deepest one-day drop since ‘Liberation Day’ in April 2025, wiping out trillions in market value on fears of more AI scrutiny, particularly on data center construction, after Democrats won big in US midterm elections.
Emirates Groups announces AED4.1 billion pre-tax profit in H1 2026
The Emirates Group has posted a profit before tax of AED 4.1 billion ($1.1 billion) for the first six months of 2026-27, despite disruptions and high fuel prices due to the regional conflict.
Disney's Pixar names Jonathan Garson president as Jim Morris steps back
Pixar Animation Studios announced on Wednesday that veteran Jonathan Garson will become president on January 4, replacing Jim Morris, who will step back from day-to-day leadership ahead of his eventual retirement.
The National Drug Enforcement Authority, in coordination with security forces in the UAE and Iraq, foiled an attempt to smuggle 200,000 Captagon pills and more than 30 kg of narcotics into the UAE.
The UAE has become the third country in the world to approve Foundayo (orforglipron) for the treatment of adults with type 2 diabetes.
Dubai Police have shut down 33 unlicensed nurseries across the Emirate and arrested 34 operators for violating health and safety standards.
