Economy Energy Oil & Gas

ADNOC Drilling launches first AI-powered walking island rig ahead of schedule

News Editor 25/06/2026

Photo Credit : WAM ADNOC Drilling has announced the successful delivery of its first artificial intelligence-enabled “walking” island rig, marking a major milestone in the company’s efforts to advance drilling efficiency and strengthen Abu Dhabi’s energy sector. The next-generation rig was

Economy Energy UAE

UAE, South Korea deepen cooperation in energy, nuclear and emerging technologies

News Editor 22/06/2026

Photo Credit : WAM The UAE and South Korea have explored new opportunities to expand their strategic partnership in energy, nuclear power and advanced technologies during high-level talks in Abu Dhabi. Eng. Sharif Al Olama, Undersecretary for Energy and Petroleum Affairs at the UAE Ministry of Energy and Infrastructure, met with South Korean Trade, Industry […]

Economy

Abu Dhabi Youth Business Council Strengthens SME Links with Shanghai

News Editor 17/06/2026

Photo Credit : WAM The Abu Dhabi Youth Business Council (ADYBC), affiliated with the Abu Dhabi Chamber of Commerce and Industry, has completed a strategic economic programme in Shanghai aimed at helping Abu Dhabi-based small and medium-sized enterprises (SMEs) expand internationally and build stronger commercial ties with Chinese businesses and investors. The initiative

Economy

AD Ports Group Begins Trial Operations at Safaga Terminal in Egypt

News Editor 09/06/2026

Poto Credit : WAM AD Ports Group has launched trial operations at the new Noatum Ports Safaga Terminal in Egypt, marking a significant milestone ahead of the terminal’s full commercial launch later this year. The trial phase was inaugurated during a site visit by Egypt’s Minister of Transport, Lieutenant-General Engineer Kamel El Wazir, and Captain […]

Business Economy UAE

UAE Launches ‘Naseej’ to Drive Textile Sector Towards Circular Economy

News Editor 01/06/2026

Photo Credit : X / UAEmediaoffice The UAE has launched Naseej, a national initiative aimed at transforming the country’s textile sector into a circular economy model, under the directives of President His Highness Sheikh Mohamed bin Zayed Al Nahyan. The initiative seeks to reduce textile waste and move the industry away from the traditional “take, […]

Economy

EMSTEEL launches UAE’s highest-strength rebar for mega infrastructure projects

News Editor 22/05/2026

Photo Credit : WAM EMSTEEL Group has launched ES600, a new high-performance steel rebar described as the highest-strength steel grade currently manufactured in the UAE, marking a major step in the country’s push toward advanced industrial production and sustainable infrastructure development. The company unveiled the ES600 rebar during its “Building the UAE’s Future

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.

Economy GCC

UAE reinforces Africa trade ties at CEO Forum in Rwanda

News Editor 18/05/2026

Photo Credit : WAM On behalf of UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan, Dr. Thani bin Ahmed Al Zeyoudi, UAE Minister of Foreign Trade, participated in the 2026 Africa CEO Forum in Kigali, leading a high-level delegation of government officials and business leaders from the UAE. The annual forum, regarded as […]

Economy

Sheikh Khaled Reviews ADNOC Growth Projects, Urges Faster Delivery of Fujairah Export Pipeline

News Editor 15/05/2026

Photo Credit : WAM H.H. Sheikh Khaled bin Mohamed bin Zayed Al Nahyan chaired a meeting of the Executive Committee of the ADNOC Board of Directors at the company’s headquarters in Abu Dhabi, where senior officials reviewed major energy and industrial expansion projects aimed at strengthening the UAE’s global energy position. During the meeting, Sheikh […]

Business Economy Finance Law UAE

UAE VAT Rules: What Businesses Must Know

Saba Malik 13/05/2026

For many small business owners in the UAE, one of the biggest responsibilities after 2018 has been learning how VAT works and why proper tax compliance matters for businesses of all sizes. In the United Arab Emirates, value-added tax may still feel relatively new to some companies, but with 2024 seeing nearly 79,400 registration applications, […]

Economy

EMSTEEL posts strong Q1 2026 results with AED2.2bn revenue and sharp profit growth

News Editor 13/05/2026

Photo Credit : WAM Abu Dhabi-based EMSTEEL reported revenue of AED2.2 billion for the first quarter of 2026, maintaining performance levels broadly in line with the same period last year while delivering a significant rise in profitability. The company announced EBITDA of AED483 million for Q1 2026, marking an 82 percent year-on-year increase. EBITDA margin […]

Economy

Dubai Chambers to Hold China Business Forum in Shenzhen This October

News Editor 12/05/2026

Photo Credit : WAM Dubai Chambers has announced that the next edition of the Dubai Business Forum – China will be held in Shenzhen on October 14, 2026, under the theme “Momentum at Scale: Accelerating Shared Success.” The event is set to bring together senior business leaders, investors, multinational companies, technology firms, and venture capitalists […]

Economy UAE

ADEX deploys first AED367m tranche under EDB export financing partnership

News Editor 07/05/2026

Photo Credit : WAM The Abu Dhabi Exports Office (ADEX) has announced the deployment of the first funding tranche for UAE companies under its AED1 billion export financing partnership with Emirates Development Bank (EDB), marking a major step in supporting the country’s industrial growth and export expansion strategy. The announcement was made during Make it […]

Economy Energy

UAE Ministry, ENEC partner to strengthen nuclear sector intellectual property protection

News Editor 06/05/2026

Photo Credit : WAM The Ministry of Economy and Tourism and Emirates Nuclear Energy Company have signed a Memorandum of Understanding (MoU) aimed at enhancing cooperation in intellectual property (IP) protection and patent development within the UAE’s nuclear energy sector. The agreement was signed during the Make it in the Emirates 2026 forum in the […]

Economy UAE

Dubai launches major tunnelling phase for Metro Blue Line project

News Editor 05/05/2026

Photo Credit : WAM Sheikh Mohammed bin Rashid Al Maktoum has officially launched the main tunnelling works for the Dubai Metro Blue Line, a landmark infrastructure project valued at over AED20.5 billion, marking a significant step forward in the emirate’s long-term urban mobility strategy. Spanning 30 kilometres, the new line will feature 14 stations, including […]

Economy

UAE blocks 13,667 piracy websites in Q1 2026 amid major digital crackdown

News Editor 29/04/2026

Photo Credit : WAM The UAE Ministry of Economy and Tourism has stepped up its fight against online piracy, blocking 13,667 violating websites in the first quarter of 2026. The figure marks a nearly 400 percent increase compared to the same period last year, pushing the total number of blocked sites to 47,667 since the […]

Economy Energy UAE

NMDC Energy posts strong Q1 2026 results with revenue up 33%

News Editor 28/04/2026

Photo Credit : WAM NMDC Energy has reported a solid start to 2026, delivering strong financial results for the first quarter while maintaining steady operations across all projects despite a complex regional environment. The company recorded revenues of AED5 billion in Q1 2026, marking a 33 percent increase compared to the same period last year. […]

Business Economy

Abu Dhabi International Boat Show to return in November 2026

News Editor 24/04/2026

Photo Credit : WAM The Abu Dhabi International Boat Show (ADIBS), organised by ADNEC Group, is set to return for its eighth edition from November 19 to 22, 2026, at Marina Hall, ADNEC Centre Abu Dhabi. The upcoming edition will adopt a refreshed format, bringing together leading global players from the marine industry to showcase […]

Economy UAE

DIEZ, VOLT UAE partner to build AI-ready data centre in Dubai Silicon Oasis

News Editor 23/04/2026

Photo Credit : WAM Dubai Integrated Economic Zones Authority (DIEZ) has announced a strategic joint venture with VOLT UAE to develop an advanced AI-ready data centre in Dubai Silicon Oasis (DSO), reinforcing Dubai’s ambitions as a global digital economy hub. The announcement was made in the presence of Dr. Mohammed Al Zarooni, Han de Groot, […]

Economy UAE

UAE Pavilion draws global attention at DSA 2026 in Malaysia

News Editor 22/04/2026

Photo Credit : WAM The United Arab Emirates National Pavilion continued to capture strong international interest on the second day of the Defence Services Asia Exhibition and Conference 2026, held at the Malaysia International Trade and Exhibition Centre. The pavilion has emerged as a key platform for defence collaboration, showcasing the UAE’s growing capabilities in […]