Business News

Saudi Arabia approved the kingdom's budget for 2026 with an estimated deficit of 165 billion riyals ($44 billion), the Saudi state news agency reported on Tuesday.

US consumers shrugged off worries about the economy after their Thanksgiving dinners and went on a $23.6 billion three-day online shopping frenzy that exceeded analyst expectations, kicking off the holiday season.

The UAE and Kuwait have signed a Memorandum of Understanding (MoU) aimed at building a comprehensive framework for collaboration in space sciences, advanced research, and national capacity development.

Amazon and Google introduced a jointly developed multicloud networking service on Sunday to meet growing demand for reliable connectivity the companies said in a statement, at a time when even brief internet disruptions can cause major outages.

Airbus confirmed on Monday it faced an industrial quality issue with metal panels on some A320-family jets, in its latest challenge after a recall to fix a computer glitch.

Airbus fleets were returning towards normal operations on Monday after the European planemaker pushed through abrupt software changes faster than expected, as it wrestled with safety headlines long focused on rival Boeing.

The General Civil Aviation Authority (GCAA) of the United Arab Emirates confirmed on Sunday that all UAE operators of Airbus A319, A320, and A321 aircraft had fully complied with the Emergency Airworthiness Directive issued by the State of Design authority.

OPEC+ will likely leave oil output levels unchanged at its meetings on Sunday, four OPEC+ sources said as the group slows down its push to regain market share amid fears of a looming supply glut.

Dubai has introduced new regulations related to the trading of petroleum products across the emirate.

Dubai International (DXB) is preparing for a strong year-end travel wave, with forecasts indicating over 10 million travellers set to pass through the airport from November 27 to December 31. 

Australian food delivery workers are on course to gain minimum pay levels after Uber Eats and DoorDash struck a deal with the country's transport union that is being hailed as a world first.

The 19th edition of the Dubai Airshow has set a historic record with deals surpassing AED741.8 billion ($202 billion), achieving double the AED370.9 billion ($101 billion) secured at its 18th edition in 2023.

Emirates Global Aluminium (EGA) is marking its 50th anniversary and a decade since the merger of Emirates Aluminium and Dubai Aluminium that created the company.

UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan has presided over the annual ADNOC Board meeting at the Habshan complex in Abu Dhabi, a strategic hub for the company’s onshore operations and home to one of the world’s largest gas-processing facilities.

Canada and India have agreed to restart stalled talks for a new trade deal, Prime Minister Narendra Modi's office said on Sunday, after discussions between the two countries paused following a diplomatic spat two years ago.

The UAE will invest up to $50 billion in Canada under a framework that includes projects in artificial intelligence, energy and mining sectors.

US President Donald Trump on Thursday has removed his 40 per cent tariffs on Brazilian food products, including beef, coffee, cocoa and fruits that were imposed in July following the prosecution of former president Jair Bolsonaro.

G42 has welcomed the White House’s decision to authorise the export of advanced AI semiconductors to the Abu Dhabi-based AI company.

The UAE's negotiations on Comprehensive Economic Partnership Agreements (CEPA) with Japan and the European Union are now in advanced stages.

A new plant to convert waste into Sustainable Aviation Fuel (SAF) will be developed in Abu Dhabi, under a new partnership between Masdar and Tadweer Group.

Abu Dhabi has announced plans to boost private sector partnerships with investments exceeding $20 billion over the next five years.

Abu Dhabi's Crown Prince His Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan and South Korean President Lee Jae-myung have attended a high-level roundtable aimed at boosting economic cooperation between the UAE and South Korea.

Dubai carrier, flydubai, has placed a provisional order with Boeing for 75 Boeing 737 MAXs at the Dubai Air Show.

Dubai International (DXB) has achieved the highest quarterly traffic in its 65-year history in Q3 2025, welcoming 24.2 million guests between July and September – a 1.9 per cent increase year-on-year.

Emirates and ENOC Group have announced a new partnership to explore and develop joint initiatives for the supply of Sustainable Aviation Fuel (SAF) to Emirates at its Dubai hub.

The UAE's Tawazun Council has signed four new local and international contracts, worth AED 6.268 billion on behalf of the Ministry, bringing a total of AED 10.044 billion in deals over the first two days of Dubai Airshow 2025.

Dubai has unveiled plans for the world’s largest and most advanced automotive marketplace.

The UK government's export credit agency, UK Export Finance, has issued a $3.5 billion Expression of Interest to support British involvement in the $35 billion expansion of Al Maktoum International Airport at Dubai World Central (DWC).

The Dubai-based carrier, flydubai, has made an initial agreement with Airbus for 150 A321neo aircraft, valued at $24 billion, to be delivered from 2031.

Emirates has announced plans to invest up to $12 billion in its future facilities at the new Al Maktoum International Airport.

Etihad Airways has announced expansion of its widebody fleet with 32 new Airbus aircraft - including a mix of A350-1000s, A350F freighters and A330-900s - with first deliveries beginning in 2027.

Dubai budget carrier flydubai is launching Starlink Wi-Fi across its fleet, offering passengers free high-speed internet to browse seamlessly while onboard.

Abu Dhabi has showcased more than 600 projects worth over $55 billion, covering housing, transport, education and agricultural assets, to Turkish investors at Ankara.

On the opening day of the 19th Dubai Airshow, the UAE's Tawazun Council announced eight contracts worth over AED 3.77 billion on behalf of the Ministry of Defence.

Emirates is set to roll out Starlink Wi-Fi across its entire in-service fleet, starting with Boeing 777 aircraft this month and completing the upgrade by mid-2027.

Flydubai and GE Aerospace have announced a new order for 60 GEnx-1B engines to power the airline's first widebody fleet of 30 Boeing 787-9.

Emirates has announced orders for 65 additional Boeing 777-9 aircraft, powered by GE 9X engines, worth $38 billion at list prices, on the opening day of Dubai Airshow 2025.

Hyundai Motor Group will invest 125.2 trillion won ($86.47 billion) in South Korea from 2026 to 2030, the automaker said on Sunday after Seoul finalised a trade deal reducing US tariffs on South Korean autos to 15 per cent from 25 per cent.

Aster DM Healthcare has secured AED265million under a new partnership with Emirates Development Bank (EDB) towards the development of two multi-specialty hospitals in Dubai.

The 1 Billion Followers Summit, the world’s first and largest event dedicated to the content creation industry, has announced Dubai International Financial Centre (DIFC) has joined as a Gold Partner for the fourth edition of the Summit.

Tesla is now requiring its suppliers to exclude China-made components in the manufacturing of its cars in the United States, the Wall Street Journal reported on Friday.

Ferrari is the most valuable of the 10 franchises in Formula 1 with $6.4 billion as the sport collectively holds over $34 billion, according to Sportico's latest team valuations published Thursday.

Dubai Chambers has opened its first representative office in the United States, located in New York.

The Dubai World Trade Centre has announced that Phase One of the Dubai Exhibition Centre (DEC) expansion is nearing completion — a major step towards welcoming key global events from early 2026.

Expo 2020 Dubai has reaffirmed its commitment to gender equality and women’s empowerment.

Expo 2020 Dubai and the United Nations Global Compact are joining forces to hold a Sustainable Development Goals Business Forum.

More than 2,500 online travel agents, tour operators, hotel groups and airlines have signed on as Authorised Ticket Resellers (ATRs) for Expo 2020 Dubai.

A spectacular line-up of sights, sounds and tastes await visitors at Expo 2020 Dubai, through a series of specially curated itineraries.

Apple on Tuesday launched the iPhone 12 with faster 5G connectivity, which the company hopes will spur a wave of upgrades and keep its sales booming through the end of the year.