Economy and Business
DIFC strengthens Dubai’s position among the world’s leading financial centers
Thursday, May 14, 2026Dubai has achieved a landmark moment in its financial evolution, securing 7th place in the Global Financial Centres Index (GFCI) as of March 2026 — the highest ranking in the city’s history. The achievement positions Dubai among the world’s elite financial hubs and reinforces its growing influence in global finance, innovation, and investment. The ranking… Untitled
Dubai opens new 500-Metre bridge beneath World Trade Centre roundabout to improve traffic flow
Tuesday, May 12, 2026Dubai’s Roads and Transport Authority (RTA) has inaugurated a new 500-metre bridge as part of the ongoing World Trade Centre Roundabout Development Project, further advancing the city’s road infrastructure and mobility network. The newly opened bridge is designed to facilitate outbound traffic from Al Bada’a towards 2nd December Street, providing direct connectivity to Sheikh Rashid… Untitled
Russian-speaking community in Dubai marked the 81st Anniversary of Victory Day
Sunday, May 10, 2026A celebration marking the 81st anniversary of Victory Day in the Great Patriotic War was held at Atlantis The Palm. The event brought together more than 500 guests, including members of the diplomatic corps, compatriots, public figures, and representatives of the business community. Official addresses were delivered by H.E. Timur Zabirov, Ambassador of the Russian… Untitled
UAE says OPEC exit driven by national interests and ‘not directed against anyone’
Monday, May 4, 2026Abu Dhabi National Oil Company CEO Sultan Al Jaber said on Monday that the United Arab Emirates’ decision to exit OPEC and OPEC+ was not directed against anyone but meant to serve national interests. Growing Rift The oil-rich Gulf country left the group on May 1, widening a rift with its neighbour Saudi Arabia, effectively… Untitled
Sheikh Mohammed inaugurates tunnelling for Dubai Metro Blue Line
Monday, May 4, 2026Dubai Ruler Sheikh Mohammed bin Rashid Al Maktoum on Sunday, May 3, inaugurated tunnelling works for the Dubai Metro Blue Line. The project, scheduled to open on September 9, 2029, has a budget of Dh20.5 billion to complete what the leader termed “the world’s newest and most beautiful metro”. The 30km line will include 14.5km… Untitled
UAE launches Dh1 billion fund to strengthen key industries and supply chains
Friday, May 1, 2026The United Arab Emirates has launched a Dh1 billion national fund to support vital industries, enhance supply chain resilience and accelerate the adoption of advanced technologies across the industrial sector. The initiative was approved by Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister of the UAE and Ruler of Dubai, as part of… Untitled
Strikes on oil infrastructure in Tuapse raise risk of environmental disaster in the Black Sea
Thursday, April 30, 2026A series of strikes on energy infrastructure in Tuapse could lead to serious environmental consequences, including a potential disaster in the Black Sea, Russian President Vladimir Putin said. According to him, the increasing number of drone attacks on civilian infrastructure poses a threat not only to the economy but also to the environment. “Drones are… Untitled
UAE announces exit from OPEC and OPEC+ effective May 1
Tuesday, April 28, 2026The United Arab Emirates on April 28 announced its decision to withdraw from the Organization of the Petroleum Exporting Countries (OPEC) and the OPEC+ alliance after nearly six decades of membership. The move will take effect on May 1, 2026, following a review of the country’s production policy and capacity. In a statement, the UAE… Untitled
UAE to shift 50 percent of government services to AI within two years
Friday, April 24, 2026The UAE has announced a major national transformation plan to move half of its government services, sectors and operations to autonomous artificial intelligence within two years, in a bid to become the first country to fully adopt “agentic AI” in governance. The initiative, directed by President Sheikh Mohamed bin Zayed Al Nahyan and unveiled by… Untitled
Sheikh Mohammed announces Dh34bn underground Dubai Metro Gold Line
Wednesday, April 22, 2026Dubai will build a new Dh34-billion metro line as part of its largest public transport expansion to date, Sheikh Mohammed bin Rashid Al Maktoum announced on Wednesday. The fully underground “Gold Line” will span 42km, reaching depths of up to 40 metres and passing through 15 key areas across the emirate. The project is scheduled… Untitled
