The Trade in Services and Investment Agreement (TISIA) between the United Arab Emirates and the Russian Federation has officially entered into force, marking a significant advancement in bilateral economic relations.
The UAE has rejected what it described as false information and “desperate media campaigns” targeting the country, including claims that it was cancelling labour residencies and providing financial facilities to Iran.
Borouge, an Abu Dhabi–based petrochemicals company, reported a 23 per cent quarter-on-quarter increase in net profit to $191 million in the second quarter of 2026, up from $156 million in the first quarter, supported by sales volumes of 0.9 million tonnes and stronger product pricing.
Abu Dhabi National Oil Company (Adnoc) has announced changes to the Official Selling Price (OSP) methodology for its Abu Dhabi crude grades following a routine commercial review. The new pricing mechanism will take effect on November 1, 2026.
Euroairlines has appointed Aeroprime Group as its exclusive Cargo General Sales Agent (GSA) for India and Passenger GSA for the UAE, strengthening its presence in key aviation markets.
The UAE has said that all trade, commercial exchanges, and financial transactions with Iran have been halted until further notice in light of regional escalations that undermine regional and international peace and security.
UAE's PropTech sector is poised for solid growth over the coming years with the market set to hit AED5.95 billion ($1.6 billion) by 2032 with a CAGR of 13.28% between 2026 and 2032, thanks mainly to Virtual Reality and Augmented Reality technologies that are driving this evolution, said a report.
There is a major disconnect between organisations’ Artificial Intelligence (AI) spending and execution in the UAE, says a new study that highlights massive increase in spending.
Air Arabia reported a 51% decline in first-half net profit to AED 374 million ($102 million), as the Middle East and North Africa’s largest low-cost carrier faced reduced capacity, airspace closures and record-high fuel prices linked to the ongoing regional conflict.
UAE-based engineering and construction group ALEC Holdings has recorded a 67.6% jump in its H1 revenue which rose to AED8.99 billion ($2.45 billion), helped by higher activity across its major projects, while profitability was hit by disruptions to energy services amid regional geopolitical tensions.
