The US dollar has slumped with next week’s presidential election result increasingly looked too close. With some polls showing Donald Trump gaining ground, the dollar is now at a three-week low versus the euro and a 12-day low versus the Japanese yen. The uncertainty has resulted in the fuelling in demand for perceived havens like the yen.
FNC proposes Euro-Mediterranean and Gulf AI hub at economic forum
The UAE's Federal National Council (FNC) has proposed the creation of a Euro-Mediterranean and Gulf artificial intelligence hub to boost investment, research and cooperation in one of the world's fastest-growing sectors.
UAE calls for stronger Euro-Mediterranean, Gulf cooperation
Federal National Council Speaker Saqr Ghobash has called for closer economic and parliamentary cooperation between Euro-Mediterranean and Gulf countries to help address rapid technological and economic change and support sustainable development.
Dubai's DGCX to launch region’s first Gold Spot T+0 Contract
The Dubai Gold and Commodities Exchange (DGCX) is set to launch a new same-day gold trading contract on Monday, June 22, in a move aimed at making physical gold transactions faster and more efficient.
AD Ports launches new logistics link between UAE and Iraq
AD Ports Group has launched integrated logistics services connecting Khalifa Port with Umm Qasr Port in Iraq, reinforcing commitment to enhancing regional connectivity and supporting existing trade corridors.
Kuwait plans to boost oil output to 2 million bpd in a week
Kuwait Petroleum Corporation (KPC) has plans to raise the country's oil production to two million barrels per day (bpd) within a week, amid the reopening of the Strait of Hormuz under a US-Iran peace agreement, said KPC's Deputy Chairman and CEO, Sheikh Nawaf Saud Al-Sabah.
The UAE has strongly condemned the shooting incident at a school in the city of Tacloban, southeast of Manila, that left three students dead and seven others injured.
Four people were killed and 55 more injured in traffic accidents caused by drivers jumping red lights in Dubai since the start of 2026.
The UAE response team has reviewed the relief efforts in southern Philippines after a strong quake left at least 78 people dead and thousands more displaced.
