Shares in Apple gained 2.4 per cent on Tuesday as investors predicted a surge in iPhone sales. Samsung, the computer giant’s main rival in the smartphone market, was forced to issue a massive product recall earlier this month. Batteries in dozens of Galaxy Note 7 handsets have caught fire; in one case injuring a six-year-old boy. Apple has gained AED 99 billion in market value since last Friday, while Samsung stock has fallen AED 80 billion over the same period.
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.
Four people were killed and 55 more injured in traffic accidents caused by drivers jumping red lights in Dubai since the start of 2026.
In a post to mark Father's Day, His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, said we remain a reflection of their contributions long after they are gone.
UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan has marked Father's Day by posting a beautiful photography from his childhood, paying special tribute to Founding Father, the late Sheikh Zayed, and saluting "every father who follows in his footsteps".
