New figures this weekend show the US economy grew at a slower than expected pace last quarter. Quarter four GDP came in at 1.9 per cent. That’s a drop from 3-and-a-half per cent the quarter before. GDP for the year is estimated at 1.6 per cent, the slowest growth in five years. However, economists are expecting stronger growth in 2017. President Donald Trump promised to lift growth to 4 per cent through tax cuts and infrastructure spending.
Meta ordered to pay $567 million in New Mexico for teen mental health fund
A New Mexico state court ordered Meta on Thursday to pay $567 million into a teen mental health fund and change how its platforms function for young users after finding the company is to blame for harming children's wellbeing.
UAE sets minimum excise price for e-cigarette liquids
The UAE Ministry of Finance has announced a new decision setting a minimum excise price for liquids used in electronic smoking devices and tools.
Meta apologises to India for restricting PM Modi's post
Meta Platforms' Chief Global Affairs Officer Joel Kaplan apologised to India's information technology minister for briefly restricting a post by Prime Minister Narendra Modi in July.
Dubai Duty Free to offer payment in cryptocurrency
Dubai Duty Free has become the first airport retailer in the Middle East to introduce the regulated digital payment solution Crypto Pay.
UAE's GDP grows by 3% to AED485 billion in first quarter of 2026
The UAE's real gross domestic product grew by 3 per cent in the first quarter of 2026 to reach AED485 billion, reflecting the resilience of the national economy despite the regional challenges.
Authorities in Abu Dhabi are responding to a fire that broke out at an under-construction building on Yas Island on Friday morning.
The UAE has joined Qatar, Jordan, Indonesia, Pakistan, Turkey, Saudi Arabia, and Egypt in strongly condemning the ongoing Israeli attacks in the Gaza Strip.
Sheikh Abdullah bin Zayed Al Nahyan, UAE Deputy Prime Minister and Minister of Foreign Affairs, has discussed the latest regional developments with Secretary-General of the Arab League Nabil Fahmy.
