UAE central bank bars Bank Melli Iran branches from Iran transactions
The violations included non-compliance with requirements and obligations under UAE legislation relating to combating money laundering, the financing of terrorism...
Business
UAE tops Arab Digital Economy Index 2026
The UAE topped the Arab Digital Economy Index 2026, with the assessment highlighting regional gains in infrastructure, digital government and...
Business
Business
PIF-backed SURJ launches venue venture radia with Live Nation, OVG
Dubai, UAE -- SURJ Sports Investment Co, owned by Saudi Arabia's Public Investment Fund (PIF), has launched a joint venture...
- PIF-owned SURJ formed radia with Live Nation and Oak View Group to manage Saudi sports venues and operations nationwide.
- Xavier Campbell was appointed chief executive officer and will lead the company's market launch and long-term growth strategy.
Business
EDGE to acquire 100% stake in Brazilian firm AKAER
Dubai, UAE -- UAE defense and advanced technology group EDGE has agreed to acquire a 100 percent stake in Brazilian...
- EDGE said the acquisition would accelerate industrialization timelines for key unmanned aerial vehicle (UAV) programs.
- Founded in 1992 and headquartered in São José dos Campos, AKAER has delivered more than 10 million engineering hours across military and commercial aerospace programs.
Business
Bank of Sharjah profit up 39%
Bank's total assets grow 10% to $14.4 billion.
- Net interest income climbed 45 percent to AED465 million ($126.6 million), supported by growth across the bank's core businesses.
- The lender said its total capital ratio strengthened by 463 basis points to 18.7 percent, while its cost-to-income ratio remained at 29%, reflecting continued cost discipline.
Geostrategy
US strikes hit Iran for the six consecutive time as energy concerns rise
For the first time in the latest escalation, US strikes also reached areas around the Iranian capital. Iran responded by...
- IEA Executive Director Fatih Birol warned that the world should be concerned about energy security unless the United States and Iran quickly restore oil flows through Hormuz.
- Oil prices edged higher on Friday as traders assessed mounting risks to crude supplies from the Gulf.
Business
flydubai doubles daily Bangkok flights amid strong demand
Dubai, UAE -- Dubai-based carrier flydubai will introduce a second daily flight to Bangkok from July 18, doubling its daily...
- The carrier said the expanded schedule would provide passengers with greater flexibility and strengthen Dubai's position as a global aviation hub.
- The airline has also recently launched services to Benghazi in Libya and plans to begin flights to Aleppo in Syria on July 20 and Pokhara in Nepal on Sept. 23.
Business
OpenAI loses appeal against EU refusal to register its name as trademark
Dubai, UAE -- OpenAI, the owner of the ChatGPT chatbot, lost Wednesday its appeal against the EU's refusal to register...
- The US firm had sought to overturn a decision by the European Union Intellectual Property Office (EUIPO) that accepted protecting OpenAI's logo but not the name.
- EUIPO had ruled that the combination of the two common words in English, "open" and "AI", could describe many business activities in the area of artificial intelligence.
Geostrategy
US, Iran exchange fresh strikes as Trump says Tehran wants to ‘settle’
US Central Command (Centcom) said the latest operation struck Iranian command centers, air defense sites, missile and drone capabilities, as...
- Iranian health official Hossein Kermanpour said at least 35 people had been killed and about 300 wounded in US attacks since the latest round of hostilities began this month.
- The provinces of Hormozgan, Sistan and Baluchestan, and Khuzestan sustained the heaviest damage, he said.
Geostrategy
Global support for refugees remains strong, but skepticism over asylum claims persists: Ipsos
Thirty-four percent of respondents in the Ipsos survey said genuine refugees should seek asylum in the first safe country they...
- Ipsos survey finds support for refugee protection remains widespread, while concerns over asylum claims and border management continue across countries.
- Respondents favour humanitarian aid and diplomacy for displaced people from Iran and Lebanon over permanent resettlement or military intervention.
Business
Youth account for over 30 percent of EWEC workforce, utility says
Dubai, UAE -- Abu Dhabi's Emirates Water and Electricity Company (EWEC) said young professionals now make up more than 30...
- Utility expands graduate, AI and leadership training to build skills for UAE's energy transition.
- EWEC said its two-year graduate development programme includes departmental rotations, technical training and mentoring.
Business
Sharjah real estate transactions rise 9.3 percent to AED29.5 billion in H1
Dubai, UAE -- Sharjah's real estate transactions rose 9.3 percent year on year to about AED29.5 billion ($8.03 billion) in...
- The Sharjah Real Estate Registration Department said it completed 59,460 transactions during the six-month period, up 23.7 percent from a year earlier.
- Sales transactions totalled 16,426 across 202 areas, covering 85 million square feet, a 4.7 percent increase from the first half of 2025.
UAE central bank bars Bank Melli Iran branches from Iran transactions
The violations included non-compliance with requirements and obligations under UAE legislation relating to combating money laundering, the financing of terrorism...
Business
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Borouge okays $656m dividend
Business
Iran war puts fresh pressure on oil flows, shipping as Tehran asks UN to intervene
Renewed US-Iran hostilities are disrupting energy flows, restricting Strait of Hormuz shipping and intensifying economic pressure as Tehran warns against...
Geostrategy
Gyr Pure Ultra White falcon sold for $300,000 at Abu Dhabi exhibition
Abu Dhabi, UAE -- The sixth round of auctions at the 2026 Abu Dhabi International Hunting and Equestrian Exhibition (ADIHEX)...
Arts & Culture
Iran strikes US bases in Jordan, UAE after attack on Larak Island
Tehran says its attacks avenged deaths of IRGC personnel and civilians in the US strike on Larak Island. Jordan intercepted...
Geostrategy
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Business
Dubai airport expects stronger H2 as airline capacity and demand recover
Dubai Airports CEO Paul Griffiths said the return of airline capacity was being matched by recovering demand, particularly important for...
- Dubai Airports is upgrading biometrics, self-service facilities and passenger flows to accommodate expected demand during the busier second half.
- The winter flight schedule and Dubai’s global events calendar are expected to support stronger connectivity and international transfer traffic.
Business
EDGE, Brazilian Army to establish cyber defense center in Brazil
Dubai, UAE -- EDGE Group and the Brazilian Army will establish a Cyber Defence Centre of Excellence in Brazil, the...
- The centre will provide training, digital forensics, incident response and strategic advice to Brazil’s armed forces and federal institutions.
- EDGE and Brazil’s Army will jointly invest in the institution, designed to build sovereign cyber capabilities and regional expertise.
Geostrategy
Qatar PM heads to Tehran as regional diplomacy intensifies
US President Donald Trump said on Wednesday that he was in “no hurry” to resume talks with Iran, arguing that...
- Oman and Pakistan have also stepped up mediation efforts as concerns grow that renewed fighting could spread across the region and damage global markets.
- Qatar’s Foreign Ministry said Sheikh Mohammed would discuss the need for the waterway to return to the status quo that existed before February 28.