Business News from Sunday, February 1st, 2026

OPEC+ has agreed in principle to keep its planned pause on oil output increases for March when it meets later on Sunday, according to three delegates and a draft statement seen by Reuters, even after crude prices hit six-month highs on concern the US could launch a military strike on OPEC member Iran.

Dr. Thani bin Ahmed Al Zeyoudi, Minister of Foreign Trade, has welcomed Beate Meinl-Reisinger, Austrian Minister for European and International Affairs, and Austrian business executives, to a roundtable aimed at enhancing private sector collaboration between UAE and Austrian companies.

The World Laureates Summit opened on Sunday in Dubai, bringing together more than 150 scientists and participants, including Nobel Prize laureates and recipients of the world’s most prestigious scientific awards, alongside leaders of research institutions and policymakers from around the globe.

Ras Al Khaimah Economic Zone (RAKEZ) recorded another year of strong performance in 2025, with 19,000 new companies joining its growing business community.