Transport

Global air travel records first post-Covid decline as Iran war grounds Middle East carriers: IATA

Miguel Hadchity 29/05/2026

Dubai, UAE — May 2026 —Global air passenger traffic fell 3.4 percent year-on-year in April, marking the first contraction since the post-pandemic recovery, as the ongoing conflict in Iran continued to devastate aviation across the Middle East. According to the International Air Transport

News UAE

Abu Dhabi Fund for Development marks Africa day with major infrastructure milestones across the continent

Miguel Hadchity 26/05/2026

Photo Credit: ADFD Dubai, UAE — May 2026 — The Abu Dhabi Fund for Development has marked Africa Day with an update on the progress of three major road infrastructure projects across the continent, underscoring its commitment to sustainable development in partner nations. According to the Emirates News Agency, the Fund reported significant advancement across its […]

News UAE

UAE trade minister highlights nation’s role as global trade hub amid regional tensions

Miguel Hadchity 25/05/2026

Photo Credit: WAM Dubai, UAE — May 2026 — UAE Minister of Foreign Trade Thani bin Ahmed Al Zeyoudi participated in a high-level dialogue session in the Czech capital, Prague, titled “The Wave Effect: How the Conflict with Iran is Shaping Global Economies and Policies,” where he outlined the UAE’s response to disruptions affecting global trade […]

Economy UAE

UAE economy proves resilience amid regional challenges, says minister

Miguel Hadchity 22/05/2026

Photo Credit: WAM Dubai, UAE — May 2026 — The UAE continues to cement an economic model built on openness, continuity, and adaptability, the country’s Minister of Economy and Tourism said on Friday, asserting that the national economy has demonstrated its ability to maintain competitiveness and stability despite geopolitical pressures and regional turbulence.

GCC

UK becomes first G7 nation to strike trade deal with Gulf bloc

Miguel Hadchity 21/05/2026

Photo Credit: GCC General Secretariat Dubai, UAE — May 2026 — The Gulf Cooperation Council and the United Kingdom formally concluded negotiations for a Free Trade Agreement, with senior officials from both sides signing a Joint Statement in London marking the end of years of talks. Jasem Mohamed Albudaiwi, Secretary General of the GCC, and […]

Events

COP31 President calls for urgent global push on electrification

Miguel Hadchity 20/05/2026

Image Credit : COP 31 Presidency Dubai, UAE — May 2026 — The president-designate of COP31 has called for a sweeping acceleration of global electrification, warning that decarbonizing power generation alone will not be enough to meet the world’s climate commitments. Speaking at the Copenhagen Climate Ministers’ Meeting on Wednesday, Murat Kurum — Turkey’s

Retail

ADNOC Distribution and Americana Restaurants partner to open up to 200 fast food outlets across UAE, Saudi Arabia, and Egypt

Miguel Hadchity 19/05/2026

Image Credit : WAM Dubai, UAE — May 2026 — ADNOC Distribution has announced a strategic partnership with Americana Restaurants International PLC to expand food and beverage offerings across its service station network in the UAE, Saudi Arabia, and Egypt. Under the agreement, up to 200 quick-service restaurants representing 12 prominent global brands operated by […]

UAE

UAE economy minister holds bilateral meetings with Italian and Maltese officials at Investopia Europe Milan

Miguel Hadchity 18/05/2026

Image Credit :WAM Dubai, UAE — May 2026 — The UAE’s Minister of Economy and Co-Chairman of the Investopia Board of Trustees, held a series of bilateral meetings with ministers and senior government officials from Italy and Malta on the sidelines of the fourth edition of Investopia Europe – Milan, which kicked off on May […]

Energy

Mubadala Energy backs $9.75bn commonwealth LNG project in Louisiana, US

Miguel Hadchity 15/05/2026

Image Credit: WAM UAE — May 2026 — Abu Dhabi-based international energy company Mubadala Energy has announced that Caturus LLC has reached a Final Investment Decision for the Commonwealth LNG project, including the successful financial close of the $9.75 billion initiative to build a liquefied natural gas export facility in Cameron Parish, Louisiana, with an export

Corporate

EDGE Group acquires controlling stake in Italian propulsion specialist CMD

Miguel Hadchity 14/05/2026

Photo Credit: WAM Dubai, UAE — May 2026 — Abu Dhabi-based defense technology conglomerate EDGE Group has signed an agreement to acquire a controlling stake in Italian firm Costruzioni Motori Diesel S.p.A., marking a significant expansion of the group’s European industrial footprint. The signing ceremony took place at CMD’s facility in Atella, in the Basilicata

Logistics

Abu Dhabi Ports Group posts strong Q1 2026 results amid regional challenges

Miguel Hadchity 13/05/2026

Photo Credit: AD Ports Group Dubai, UAE — May 2026 — Abu Dhabi Ports Group reported robust financial performance in the first quarter of 2026, with revenues climbing 25 percent year-on-year to AED 5.75 billion ($1.56 billion), driven by organic growth across its maritime, shipping, and economic cities divisions. According to the Emirates News Agency, Group […]

Events

Economy Middle East Summit 2026 returns to Abu Dhabi for third edition

Miguel Hadchity 12/05/2026

Photo Credit: WAM Dubai, UAE — May 2026 — Economy Middle East has announced the return of its flagship economic event, the Economy Middle East Summit 2026, held in partnership with Abu Dhabi Global Market. The third edition of the summit is set to cement its standing as a premier platform for development dialogue, bringing […]

Energy UAE

UAE, Netherlands strengthen strategic partnership in energy, water and sustainability

Miguel Hadchity 11/05/2026

Photo Credit: WAM Dubai, UAE — May 2026 — The UAE has concluded high-level talks with the Netherlands aimed at deepening bilateral cooperation across energy, water sustainability, and climate resilience, as both nations prepare for the UN Water Conference 2026. According to the Emirates News Agency, Assistant Minister of Foreign Affairs for Energy and Sustainability, […]

Travel

Emirates paints UAE flag across its A380 in national tribute

Miguel Hadchity 08/05/2026

Photo Credit: Emirates Dubai, UAE — May 2026 — Emirates has unveiled a new livery for one of its Airbus A380 aircraft, wrapping the fuselage of the world’s largest commercial passenger plane in a giant, full-color rendering of the UAE flag. The eye-catching design, applied to aircraft A6-EVG, extends the airline’s signature tail motif across […]

Logistics

Fujairah Free Zone hits $3.2bn in annual investment volume

Miguel Hadchity 07/05/2026

Image Credit : WAM Dubai, UAE — May 2026 — The Fujairah Free Zone Authority has reached nearly AED 12 billion ($3.2 billion) in annual investment volume, its Director General Sharif Al Owais announced on the sidelines of the Make in the Emirates Forum. According to the Emirates News Agency, Al Owais attributed the milestone to […]

Finance Saudi Arabia

Saudi Arabia posts $33bn deficit in Q1 2026 as spending surges 20%

Miguel Hadchity 06/05/2026

Image Credit: X/@MOFKSA Dubai, UAE — May 2026 — Saudi Arabia recorded a fiscal deficit of SAR 125.7 billion ($33.5 billion) in the first quarter of 2026, as government expenditures climbed sharply while oil revenues declined, according to the quarterly budget performance report released by the Ministry of Finance. Total revenues for the January–March period reached […]

Defence & Security UAE

UAE air defenses intercept fresh Iranian strike; 13 dead, 227 wounded since war began

Miguel Hadchity 05/05/2026

Dubai, UAE — May 2026 — The United Arab Emirates came under renewed Iranian attack on Monday, as its air defense systems intercepted 12 ballistic missiles, three cruise missiles, and four drones in a single day, leaving three people with moderate injuries. The strike is the latest in a sustained Iranian offensive that has drawn fierce […]

Energy UAE

UAE withdraws from OAPEC, marking second oil alliance exit in one week

Miguel Hadchity 04/05/2026

Photo Credit: OAPEC Dubai, UAE — May 2026 — The United Arab Emirates has formally withdrawn from the Organization of Arab Petroleum Exporting Countries, the intergovernmental body announced on Sunday, effective May 1, 2026. The exit, confirmed in a statement by OAPEC’s Secretary-General, follows the UAE’s departure from the OPEC Secretariat earlier this week, signaling

Tech

Apple reports record March quarter revenue of $111bn, fueled by iPhone 17 demand

Miguel Hadchity 01/05/2026

Photo Credit: Apple Dubai, UAE — April 2026 — Apple Inc. announced financial results for its fiscal 2026 second quarter, posting the best March quarter in the company’s history with revenue of $111.2 billion — a 17 percent increase from $95.4 billion in the same period last year. The results, driven by extraordinary demand for […]

Markets

Emirates NBD secures $750m AT1 bond in first GCC debt deal since February

Miguel Hadchity 30/04/2026

Photo credit: WAM Dubai, UAE — April 2026 — Emirates NBD has successfully priced a $750 million Additional Tier 1 capital issuance, marking the first debt capital market transaction from a GCC corporate or financial institution since late February 2026. According to the Emirates News Agency, the move follows the bank’s recent call of a […]