Economy and Business
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
Dmitriy Starovoitov: “Consistency on site is ultimately what builds trust with buyers”
Tuesday, April 14, 2026“Consistency on site is ultimately what builds trust with buyers.” This is the philosophy on which Dmitriy Starovoitov, Founder of Almal Real Estate Development, is building confidence in uncertain times. In real estate, credibility is not built on ambition alone. It is built on delivery. At a time when global markets face uncertainty, the true… Untitled
UAE April 2026 update: Schools, Banking, Visas, and New Rules
Friday, April 3, 2026April begins with several updates that affect daily life across the UAE. Schools continue with distance learning, banking authentication is being modernized, and a visa grace period for residents abroad has ended. Whether you are a parent, a frequent traveller, or simply keeping up with local news, here are five key updates to know as… Untitled
Sheikh Hamdan approves Dh1-billion support package for Dubai businesses
Tuesday, March 31, 2026The move comes as the region tackles economic uncertainty during escalating tensions, with the measures aimed at strengthening the economy’s resilience, readiness and agility Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, approved a Dh1-billion support package for the emirate’s business sector, set to be rolled out from April 1, over… Untitled
