Dollar holds below 3-week peak following inflation data
The dollar hovered just below a three-week high against a basket of currencies on Tuesday as traders assessed the latest inflation reading. ...
Wizz Air to Cease Operations in Abu Dhabi Amid Strategic Restructuring
Abu Dhabi - Wizz Air announced today that it will suspend all operations in Abu Dhabi starting September 1, 2025, as part of a broader strategic re ...
Oil prices rise on strong US demand, weak dollar
Oil prices ended the week higher, supported by a weaker US dollar, signs of strong US fuel demand, and fresh geopolitical tensions, despite pressur ...
UAE integrates AI into education to prepare students for the future
Integrating Artificial Intelligence (AI) into educational curricula has become a crucial step in keeping pace with the rapidly evolving technologic ...
UAE ranks third globally in sovereign wealth assets
The UAE has secured the third position globally in the Global SWF mid-year report 2025, with sovereign-owned investor (SOI) assets valued at $2.49 ...
UAE non-oil private sector grew in June but Israel-Iran war weighs on demand
Business activity in the UAE's non-oil private sector grew in June, but demand slowed due to the Israel-Iran war. The S&P Global Purcha ...
Oil edges down on easing Middle East risks but gains for a second month
Oil prices edged down on Monday as investors weighed easing Middle East risks and a possible OPEC+ output increase in August. Both Brent an ...
China-US engagement brings great benefits to both countries, the world
Former Australian prime minister Paul Keating, respected for his exceptional ability to capture political essence in sharply concise observations, ...
Abu Dhabi investor takes 35% stake in Limagrain Vegetable Seeds
ADQ and Limagrain have entered into exclusive discussions for ADQ to acquire a 35 percent stake in Limagrain Vegetable Seeds (LVS), the vegetable s ...
The UAE is among the world's elite economies in sovereign ratings
The United Arab Emirates (UAE) Ministry of Finance announced that the world’s top three credit rating agencies – Fitch Ratings (Fitch), ...
Dubai attracts 8.68 million international visitors in first 5 months of 2025
Dubai attracted 8.68 million international visitors from January to May 2025, marking a 7 per cent increase compared to the same period in 2024, wh ...
Trump says China can buy Iranian oil, but urges it to purchase US crude
U.S. President Donald Trump said on Tuesday that China can continue to purchase Iranian oil after Israel and Iran agreed to a ceasefire, a move tha ...
Wizz Air Suspends All UAE Flights Until June 30 Amid Regional Airspace Closures
Wizz Air has announced the suspension of all flights to and from the United Arab Emirates until June 30, citing widespread airspace closures across ...
Fitch affirms Abu Dhabi rating at ‘AA’ with stable outlook
 Abu Dhabi’s long-term foreign-currency rating has been affirmed at “AA” with a stable outlook by Fitch, supported by the em ...
The GBU-57: The Americans' massive bunker-buster MOP bomb dropped on Iran
This is the GBU-57 MOP bomb. MOP stands for Massive Ordnance Penetrator, it is a non-nuclear munition and it belongs to the Americans. It i ...
US strikes on Iran could damage global growth, says IMF chief
US strikes on Iran could damage global economic growth, the head of the International Monetary Fund has warned. Director Kristalina Georgie ...
Mubadala, Abu Dhabi Projects and Infrastructure Centre partner to explore strategic collaborations
Mubadala Investment Company PJSC (Mubadala), an Abu Dhabi sovereign investor, and the Abu Dhabi Projects and Infrastructure Centre (ADPIC) have sig ...
Norges Bank Delivers First Rate Cut in 5 Years
Norges Bank’s Monetary Policy and Financial Stability Committee unanimously decided to reduce the policy rate from 4.5 percent to 4.25 percen ...
Saudi PIF launches new company to run Expo 2030
Saudi Arabia’s $925 billion sovereign wealth fund PIF said on Thursday it had launched a new unit that will be responsible to build and opera ...
Insurance Costs for Ships in Strait of Hormuz Rise Over 60%
Insurance prices for ships travelling through the Strait of Hormuz have jumped more than 60% since the start of the war between Israel and Iran as ...
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