Economy

Mubadala Announces US$1 Billion Investment in Luckin Coffee

News Editor 10/09/2026

Photo Credit : WAM Mubadala Investment Company, the Abu Dhabi-based global investor, has agreed to make a significant minority investment in Luckin Coffee alongside Centurium Capital, the company’s controlling shareholder. The transaction has an aggregate value of approximately US$1 billion.

Economy UAE

UAE Non-Oil Foreign Trade Surpasses AED1.9 Trillion in H1 2026, Al Zeyoudi Says at AIM Summit

News Editor 08/09/2026

Photo Credit : WAM The UAE’s non-oil foreign trade surpassed AED1.9 trillion during the first half of 2026, reflecting the country’s growing role as a global centre for trade, investment and economic connectivity, according to Dr. Thani bin Ahmed Al Zeyoudi, Minister of Foreign Trade. Speaking at the opening of the 15th AIM Investment Summit […]

Defence & Security Economy

Tawazun Council Boosts Global Defence Cooperation at El Alamein Airshow 2026

News Editor 08/09/2026

Tawazun Council for Defence Enablement is strengthening the UAE’s international defence, aviation and space partnerships through its participation in the second edition of El Alamein International Airshow 2026 in Egypt. The three-day event is taking place at El Alamein International Airport from September 8 to 10, 2026, bringing together governments, defence organisations,

Economy

UAE Advances Cleaner, Smarter Energy System as 2030 Goals Near

News Editor 03/09/2026

Photo Credit : WAM The UAE is continuing to build a cleaner, smarter and more resilient energy system while maintaining a balanced focus on energy security, affordability and economic growth, according to Eng. Sharif Al Olama, Undersecretary for Energy and Petroleum Affairs at the Ministry of Energy and Infrastructure. Speaking at the 50th Middle East […]

Economy

Dubai Media Office to Organise DXB500 Programme at Arab Media Summit 2026

News Editor 02/09/2026

Photo Credit : WAM The Government of Dubai Media Office (GDMO) will organise the fourth edition of the DXB500 Government Communication Training Programme as part of the Arab Media Summit 2026, under the patronage of H.H. Sheikh Ahmed bin Mohammed bin Rashid Al Maktoum, Second Deputy Ruler of Dubai and Chairman of the Dubai Media […]

Economy

Borouge approves $656 million interim dividend for H1 2026

News Editor 21/08/2026

Photo Credit : WAM Borouge Plc has approved an interim dividend of $656 million for the first half of 2026, equal to 8.1 fils per share. The company also reaffirmed plans to distribute a total dividend of 16.2 fils per share for 2026. The remaining 8.1 fils per share is expected to be paid as […]

Economy

Abu Dhabi to Launch First Al Ain Future Business Forum in September

News Editor 20/08/2026

Photo Credit : WAM The Abu Dhabi Department of Economic Development (ADDED) will organise the inaugural Al Ain Future Business Forum on 28 and 29 September 2026 at ADNEC Centre Al Ain. Held under the patronage of H.H. Sheikh Hazza bin Zayed Al Nahyan, Ruler’s Representative in Al Ain Region, the forum will bring together […]

Economy

Dubai Taxi Company Adds 1,607 Arabia Taxi Vehicles to Bolt Platform

News Editor 20/08/2026

Photo Credit :WAM Dubai Taxi Company PJSC (DTC) and its strategic partner Bolt have signed an agreement with Arabia Taxi to add the operator’s fleet to the Bolt ride-hailing platform. Arabia Taxi, a subsidiary of Economic Group Holdings, will integrate 1,607 taxis into the platform. The move will expand the number of vehicles available to […]

Economy

Masdar, ScottishPower complete foundations at £4bn East Anglia THREE wind farm

News Editor 17/08/2026

Photo Credit : WAM Abu Dhabi Future Energy Company (Masdar) and ScottishPower Renewables have completed the installation of all 95 foundations at the £4 billion East Anglia THREE offshore wind farm off the Suffolk coast in the United Kingdom. The milestone also includes the installation of 95 transition pieces, each measuring 20 metres high and […]

Economy

ADI Chain, Shipfinex partner to develop regulated maritime token market

News Editor 11/08/2026

Photo Credit : WAM ADI Chain and Shipfinex have formed an exclusive partnership to develop what they describe as the first regulated, institutional-grade tokenised maritime asset class, opening a new digital market for vessel-backed finance, charter-linked income and economic interests in ships. Under the agreement, Maritime Asset Tokens will be issued through a regulated

Economy

MEBAA Show 2026 to unite global business aviation leaders in Dubai

News Editor 11/08/2026

Photo Credit : WAM MEBAA Show 2026 will gather leading companies from the global business and private aviation industry in Dubai from December 8 to 10. The 11th edition will take place at the Dubai Airshow site at Dubai World Central, highlighting the UAE’s growing role as a centre for aviation investment, innovation and commercial […]

Economy

UAE Posts Strong Global Hiring Recovery as 2026 Momentum Improves

News Editor 10/08/2026

The UAE recorded one of the strongest post-pandemic hiring recoveries among leading global markets in 2025, while early data from June 2026 indicates renewed momentum following regional volatility earlier in the year. The findings were published in the UAE Economic Graph Report 2026, prepared by LinkedIn in partnership with the Ministry of Foreign Trade. Titled […]

Economy

ADGM Academy sets 2030 focus on future-ready Emirati talent and AI skills

News Editor 07/08/2026

Photo Credit: WAM ADGM Academy & Research Centre is sharpening its focus on developing future-ready Emirati talent, strengthening workforce capabilities and reinforcing Abu Dhabi’s position as a regional centre for education, executive development, applied research and innovation through 2030. Mansoor Jaffar, CEO of ADGM Academy & Research Centre, said the

Economy

ADNOC L&S expands fleet with $1.3bn acquisition of 11 vessels

News Editor 07/08/2026

Photo Credit : WAM ADNOC Logistics & Services plc (ADNOC L&S) has announced the acquisition of 11 vessels in a deal valued at approximately $1.3 billion (AED4.8 billion), accelerating the expansion of its gas and crude oil shipping fleet. The transaction includes five modern Very Large Gas Carriers (VLGCs) and six Very Large Crude Carriers […]

Economy

XRG Chemicals Portfolio Posts Resilient Q2 Earnings, Strengthens Value Creation for UAE

News Editor 07/08/2026

Photo Credit : WAM XRG, ADNOC’s international investment arm, reported resilient second-quarter performance across its chemicals portfolio, highlighting the benefits of diversification, operational strength and disciplined execution. Through Borouge International, Covestro and Fertiglobe, XRG has developed a portfolio of leading chemicals and advanced materials businesses

Economy

Ras Al Khaimah Draws AED771.5 Million in Investments During H1 2026

News Editor 06/08/2026

Ras Al Khaimah attracted more than AED771.5 million in capital investments during the first half of 2026, strengthening its position as a growing business and investment destination in the UAE. The investments were recorded through 967 newly registered establishments, while 1,399 new investors from 68 nationalities entered the emirate’s business landscape during the

Economy

Burjeel Holdings Reports AED2.8 Billion Revenue in First Half of 2026

News Editor 06/08/2026

Photo Credit : WAM Burjeel Holdings reported revenue of AED2.794 billion for the first half of 2026, representing a 4.4 percent increase compared with the same period last year. The healthcare group’s EBITDA, excluding one-off items, increased by 24.6 percent year-on-year to AED517 million. Adjusted net profit nearly doubled, rising 97.4 percent to AED227 million. […]

Economy

ADNEC Group Wins 13 Stevie Awards for Event Innovation and Excellence

News Editor 06/08/2026

Photo Credit : WAM ADNEC Group, a Modon company, has secured 13 awards at the 2026 Middle East and North Africa Stevie Awards, recognising the group’s achievements in event management, visitor engagement and the delivery of major international experiences. The awards were presented to ADNEC Group’s event management and services divisions, Capital Events and Capital […]

Economy UAE

Mubadala Leads $250 Million Series C Funding Round for Moove

News Editor 05/08/2026

Photo Credit : WAM Mubadala Investment Company has led a $250 million Series C funding round for global mobility company Moove, valuing the business at $2.1 billion as it prepares to expand its autonomous vehicle operations worldwide. The investment round was co-led by Woven Capital, Toyota’s growth fund, and Ion Pacific. New investors BlueCrest Capital […]

Economy

DIFC Updates Regulations to Expand Access to Special Purpose Vehicles

News Editor 04/08/2026

Photo Credit : WAM Dubai International Financial Centre (DIFC) has introduced updated Prescribed Company Regulations, expanding access to its Special Purpose Vehicle structure and simplifying the process for businesses and investors. Prescribed Companies, known as PCs, are DIFC’s equivalent of Special Purpose Vehicles. They are commonly used for holding assets, managing