Business

Emirates announces a new $5-billion engineering facility set to become one of the largest in the world.

The engineering complex is expected to be completed between 2030 and the mid-2030s and will be located at Al Maktoum International Airport. Emirates Engineering said...

UAE introduces a unified salary payment deadline for the private sector, effective from June 1, 2026.

Companies registered with the Ministry of Human Resources and Emiratisation are required to pay employees’ wages through the approved Wage Protection System or any...

The UAE is strengthening its position as a global hub for company formation and entrepreneurship.

Government funds and innovation hubs are accelerating the global expansion of UAE startups. ABU DHABI: The United Arab Emirates continues to strengthen its position as...

Oil prices have surged sharply as traders weigh ongoing supply disruptions, pushing benchmark crude contracts further above the $100-per-barrel level.

Global fuel inventories are tightening as tensions in the Middle East persist. Oil prices surged sharply on Monday (May 18) as traders weighed ongoing supply...

What if disruption in the Strait of Hormuz never ends and the world adjusts to a “new normal”?

Persistent risks to shipping in the Gulf could fundamentally reshape global oil markets, trade flows, and prices, according to Moody’s. Dubai: For months, governments, businesses,...

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