UAE imposes $11.4m in fines during first half of 2025 on money laundering offenders
The UAE has imposed fines of more than Dh42 million ($11.4 million) on private sector entities during the first half of 2025 for not complying with ...
UAE banking sector assets exceed Dhs4.749 trillion by end of April
Total banking sector assets in the UAE, including bankers’ acceptances, rose by 0.6 per cent month-on-month to exceed Dhs4.749 trillion at th ...
FAB's Record H1 2025 Earnings: A Strategic Case for Undervalued Growth in the UAE Banking Sector
First Abu Dhabi Bank (FAB) has shattered expectations with its record-breaking first-half 2025 financial performance, posting a net profit of AED 1 ...
Trump announces 'massive' Japan trade deal
Donald Trump announced Tuesday a "massive" trade deal with Japan, as a deadline looms for other major US trade partners to strike agreements before ...
Abu Dhabi Securities Exchange signs MoU with Budapest Stock Exchange
The Abu Dhabi Securities Exchange (ADX), one of the fastest-growing and leading exchanges in the Middle East, and the Budapest Stock Exchange (BSE) ...
ADQ Finalizes Acquisition of Majority Stake in Aramex, Expanding Logistics Footprint
Abu Dhabi’s sovereign investor ADQ has officially completed its acquisition of a majority stake in Dubai-listed logistics firm Aramex, markin ...
Oil Prices Dip as Trade Tensions Weigh on Demand
Global crude oil prices eked out losses for the third consecutive session on July 22, slipping amid renewed concerns over a brewing trade war betwe ...
Alaska Airlines Resumes Operations After Software Outage
Alaska Airlines said it had ended the ground stop, which lasted about three hours and resulted from a software outage. “Residual impacts&rdqu ...
Air Arabia to Launch Low-Cost Carrier in Saudi Arabia
A consortium led by the UAE-based airline won a bid from the General Authority of Civil Aviation (GACA) to establish a new airline based at King Fa ...
Mubadala Begins Al Maryah Island Waterfront Redevelopment
Mubadala Investment Company has officially commenced work on the transformation of the Al Maryah Island Waterfront in Abu Dhabi. The ceremo ...
Europe’s Industrial Giant Faces Existential Economic Crisis
Brussels, July 19, 2025 — Europe’s once-dominant industrial sector is grappling with a deepening economic crisis, as high energy costs, ...
EU Unveils a new Sanctions on Russia to Reinforce Oil Price Cap Mechanism
The European Union has approved its 18th package of sanctions against Russia, introducing a sweeping set of measures aimed at tightening enforcemen ...
UAE President visits Hungary to deepen strategic relations
UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan met with Hungarian Prime Minister Viktor Orbán to explore ways to strengthen b ...
Pepsi pops on Q2 earnings beat fueled by cost cuts and snacky revamps
PepsiCoPEP $145.21 (7.28%) shares soared over 6% Thursday morning after the snacks and beverage giant topped Q2 earnings expectations even as overa ...
Huawei tops China’s smartphone market after 4 years, secures 18.1% market share
Huawei has returned to the top of China’s smartphone market for the first time in more than four years. In the second quarter (Q2) of 2025, t ...
Trump says he’s ‘highly unlikely’ to fire Fed’s Powell after floating that idea in private
President Donald Trump said Wednesday that he was “highly unlikely” to fire Federal Reserve Chair Jerome Powell, a public statement mad ...
UAE unveils AI-driven federal budget cycle for 2027–29
The UAE has launched its federal budget cycle for 2027–29, introducing an artificial intelligence-driven, performance-based approach aimed at ...
Renault shares tumble on profit warning as interim CEO named
Shares in Renault (RENA.PA), opens new tab plunged as much as 18% on Wednesday after the French automaker surprised investors with a profit warning ...
Adnoc to transfer OMV shares to its international investment arm
Abu Dhabi National Oil Company (Adnoc) is set to transfer its 24.9% shareholding in Austrian energy player OMV to XRG, Adnoc's wholly owned interna ...
NVIDIA CEO Jensen Huang Promotes AI in Washington, DC and China
This month, NVIDIA founder and CEO Jensen Huang promoted AI in both Washington, D.C. and Beijing — emphasizing the benefits that AI will ...
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