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 ...
IEA Predicts Well-Supplied Oil Market Through 2025 and Beyond
The International Energy Agency (IEA) has projected that the global oil market will remain well-supplied in 2025, barring any major disruptions. De ...
Commission proposes a plan to phase out Russian gas and oil imports
The Commission has put forward a proposal to gradually and effectively stop the import of Russian gas and oil into the EU by the end of 2027. This ...
XRG-Led Consortium Proposes $19B Acquisition of Santos Energy
A consortium led by ADNOC’s (Abu Dhabi National Oil Company) subsidiary, XRG, including the International Energy Investment Company, ADQ (Abu ...
UAE’s 2031 non-oil foreign trade target will be achieved in 2 yrs: Sheikh Mohammed
The UAE’s non-oil foreign trade surged by 18.6 per cent year-on-year in Q1 2025, reaching Dhs835bn, as the country accelerates toward its eco ...
UAE Economy Grows 4% In 2024, Driven By Non-Oil Sectors
The United Arab Emirates (UAE) recorded a 4 per cent real GDP growth in 2024, reaching 1.77 trillion dirhams (about 482 billion US dollars), fueled ...
Oil prices rise as Israel-Iran conflict heightens fears of supply disruptions
Oil prices jumped in early Asian trade on Monday after Israel and Iran launched fresh attacks on Sunday, heightening fears that escalating battle c ...
Supreme Council for Financial and Economic Affairs awards 3 oil and gas production concessions to ADNOC and partners
The Supreme Council for Financial and Economic Affairs (SCFEA) has awarded three separate production concession agreements to ADNOC and ...
Boeing Stock Drops as 787-8 Plane Crashes in India
Boeing (BA) shares are slumping in early trading after a 787-8 aircraft was involved in an Air India plane crash early Thursday. The Air In ...
Bloomberg: ADNOC weighing potential purchase of some bp assets
Abu Dhabi National Oil Company is evaluating whether to buy some of bp’s key assets if the British firm decides to break itself up, or if it ...
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