Diesel’s record US surge drives more uncertainty for heavy-duty fuel
The price of diesel in the US surged to a record high this week of $6.31 per gallon.…
UAE interest rates set to rise but did borrowing get easier when they were low?
The UAE Central Bank on Wednesday raised its interest rates by 25 basis points in line with the…
How the UAE is setting petrol prices for September
The UAE is expected to announce September petrol prices on Monday as global oil markets remain volatile amid…
Smartphone shipments set for record 14% drop in 2026 as chip costs soar
The global smartphone market is heading for its sharpest annual decline on record as soaring chip and memory…
Abu Dhabi’s power demand to double by 2050 amid rapid economic expansion
Abu Dhabi’s power demand is expected to double by 2050, driven by rapid expansion of the economy, population…
Zoom launches live voice translation, with Arabic coming in late 2026
Zoom Technologies has launched a new live voice translation service, with Arabic support coming in the fourth quarter…
UAE’s non-oil foreign trade up 13% in first half of year to Dh1.9 trillion
The UAE’s non-oil foreign trade rose 13.1 per cent annually in the first half of the year to…
UAE economy set for rebound in second half of year on exports recovery after Opec exit, says IMF
The UAE economy is set to rebound in the second half of this year despite the regional war,…
UAE among world’s top 10 recipients of FDI in 2025, UN report says
Foreign direct investment into the UAE rose by about 6 per cent to reach $48.24 billion in 2025,…
UAE oil exports approach highest level since 2017 amid postwar recovery
UAE oil exports have overtaken prewar levels, running 27 per cent above their 12-month average and just shy…
Abu Dhabi’s AI investment firm MGX raises $49bn for new fund
Abu Dhabi-based technology investment company MGX has raised $49 billion from global investors for its AI-focused fund, boosting…
UAE launches first homegrown satellite and plans to sell it to the West
A satellite built entirely in the UAE is about to leave for space. When it does, it will…