UAE News — AKHBAR.COM

Naseej signs deals to expand textile collection, recycling and circular fashion Abu Dhabi: Naseej, the UAE’s National Initiative for Textile Circularity, has signed 14 strategic agreements with leading organisations as it continues to expand efforts to reduce textile waste and promote a circular economy across the country. The agreements, signed at…

Naseej Strengthens National Ecosystem with 14 Strategic Partnerships Initiative brings together more than 35 organisations and institutions to advance textile circularity across the UAE Abu Dhabi, United Arab Emirates – 7 July 2026: Naseej, the UAE’s National Initiative for Textile Circularity, has signed 14 strategic Memorandums of Understanding to further strengthen its growing partnership ecosystem,…

Dubai: Emirates has unveiled its latest collection of luxury Bulgari amenity kits for First and Business Class customers, continuing a partnership with the iconic Italian luxury house that has spanned more than 16 years.The new Spring/Summer collection marks the 18th iteration of Emirates’ exclusive Bulgari amenity kits and will be introduced gradually across select long-haul…

UAE joins Locarno Agreement while trademark, patent and copyright filings rise Dubai: The UAE has officially joined the Locarno Agreement on the International Classification for Industrial Designs, marking a significant step in strengthening the country's intellectual property framework in line with international standards. The announcement came as…

The United Arab Emirates raised ‌its crude output to near record highs above 3.8 million barrels per day in June, after the Gulf nation quit OPEC to escape production caps, Reuters reported citing two sources familiar with production data said on Monday. Bloomberg data showed even higher UAE exports, rising to 3.94mmb/d, just shy of…

Abu Dhabi: The Central Bank of the UAE has imposed a financial penalty of AED 20 million on a branch of a licensed foreign bank operating in the country, in accordance with the provisions of the Federal Decree-Law on the Central Bank and the Regulation of Financial Institutions and Activities and its amendments.The penalty was…

India now requires every passenger to complete Air Suvidha 2.0 before arrival Dubai: Flying to India from the UAE now comes with an extra step before you board. India has relaunched its Air Suvidha portal as Air Suvidha 2.0, a mandatory online health declaration required of every international passenger arriving in the country, regardless of…

Dubai Highlights Competitive Lifestyle Value and Regional Resilience in Julius Baer’s Global Wealth and Lifestyle Report 2026 According to the Julius Baer Global Wealth and Lifestyle Report 2026, Dubai stands out as a highly attractive and resilient regional hub for global wealth. Driven by shifting currency valuations that influence global living costs, the emirate delivers…

Dubai: Dubai Airports has unveiled a new design for its Air Traffic Control (ATC) tower at Dubai International (DXB), transforming one of the airport’s most recognisable landmarks into an expression of national pride at Dubai’s global gateway.The tower now places the UAE flag at the heart of the airport, making it visible to every passenger…

Wealthy residents get more value in Dubai despite rising global luxury costs Dubai: Dubai’s relative cost advantage and US dollar-linked currency mean residents’ day-to-day purchasing power remains largely protected from global volatility, while the emirate continues to stand out to the international elite as a stable business and wealth hub connec…

The United Arab Emirates and other Gulf states’ inbound and outbound foreign direct investment grew in 2025 against a “fragile and uneven” global recovery, according to new research from UN Trade and Development (Unctad). The latest World Investment Report, published on Tuesday, covers the 12 months ending December 31, and does not account for shifts…

Dubai/Shanghai: Emirates SkyCargo has announced a strategic expansion of its freighter services across East and Southeast Asia, increasing flight frequencies and strengthening connectivity in response to growing demand.The carrier is enhancing its network to better link major manufacturing hubs in the region with high-demand markets across the Middle East, Africa, Europe and the Americas.Emirates SkyCargo…

Series C funding puts X Square Robot among China's highest-valued embodied AI start-ups Chinese start-up X Square Robot is building machines designed not for a single task, but for everyday life. Whether helping an elderly resident with daily tasks, working as a cleaner or sorting parcels in a busy warehouse, the company's ambition is the…

(BUSINESS WIRE) -- Building on its position as Switzerland’s leading crypto financial services provider, Bitcoin Suisse is further accelerating its international expansion. Bitcoin Suisse Group’s subsidiary, BTCS (Middle East) Ltd. (“BTCS ME”) has received Financial Services Permission (FSP) from the Financial Services Regulatory Authority (FSRA) of ADGM, the international financial centre of Abu Dhabi, marking…

Washington: The U.S. Federal Reserve is set to release the results of its annual bank stress tests, offering insight into the resilience of major lenders under severe economic conditions, although this year’s results will not affect capital requirements or shareholder payouts.What are the Fed’s stress tests?The Federal Reserve introduced stress tests in 2011 following the…

Proposal seeks simpler rules, stronger investor safeguards, prepares for tokenised funds Dubai: The Dubai Financial Services Authority (DFSA) has proposed its most significant overhaul of the Dubai International Financial Centre's (DIFC) investment fund regulations since 2010, aiming to simplify rules for fund managers, strengthen investor protecti…

Saudi Arabia’s non-oil private sector continued to expand in June, while businesses in the UAE, Kuwait and Qatar reported disruption from the Iran war, weaker demand and higher costs, according to the latest monthly survey results. Non-oil output in Saudi Arabia increased sharply over the month and new business growth was at a four-month high,…

New York: Gold regained composure and left behind three-consecutive daily declines on Monday, looking to regain the area above the $4,200 mark per troy ounce.Reports of progress in the latest round of US-Iran talks are helping the precious metal maintain its footing at the start of the week, although the stronger Greenback seems to limit…

Any change reducing a worker’s minimum legal rights will be considered void Dubai: Employers in the UAE cannot amend employment contracts, including salary, job title or the nature of work, without the employee’s explicit written consent, the Ministry of Human Resources and Emiratisation has said. The ministry said contract amendments are governed …

Rently data shows 56% of tenants choosing mid-market homes as flexible rent payments gain traction in the UAE Taimur Khan – Head of UAE at Rently Dubai, United Arab Emirates, 6th July 2026 – As Dubai’s rental market continues to mature, the way residents pay rent is evolving alongside it. With greater emphasis on convenience,…

Dubai, UAE: Digital Dubai has played a key role in strengthening Dubai’s position among the world’s top five city brands, according to a study by global brand valuation consultancy Brand Finance.The report ranked Dubai fifth globally, with a total brand value of nearly AED1 trillion, and highlighted Digital Dubai as a major contributor, accounting for…

Flying to Europe? Four more countries tighten borders under new biometric entry rules Travelers heading to parts of Europe may face longer waits at border checkpoints as Sweden, Finland, Spain and Croatia align their border controls with the European Union (EU)'s new Entry/Exit System (EES), a digital border management platform designed to strength…

OPEC+ agreed a further increase in output targets from August, the group said in a statement on Sunday, ‌adding to global supply at a time when oil prices are falling due to the gradual reopening of the Strait of Hormuz for oil exports. Saudi Arabia, Russia, Iraq, Kuwait, Kazakhstan, Algeria, and Oman adjust production and…

MUMBAI: Indian ‌billionaire ​Mukesh Ambani's Reliance Jio Platforms has approved plans to list in Mumbai to raise around $3.8 billion, sources said, in what could be a record IPO for the country.The share listing aims to unlock value in ⁠a business that includes Reliance Infocomm, the world's second-largest telecom operator by subscribers after China Mobile,…

Record samsung profit, falling stocks: Why Asia's AI rally suddenly lost momentum Asian stocks fell on Tuesday as investors locked in profits from this year's artificial intelligence (AI)-driven rally, with a blockbuster earnings outlook from Samsung Electronics failing to prevent a broad sell-off in technology shares while a weak Japanese yen and …

Arabian Post Staff -Dubai OPEC+ has approved another increase in oil output targets for August, adding 188,000 barrels per day to planned supply as Gulf exports move back through the Strait of Hormuz and crude prices ease from wartime highs. The decision, taken at a virtual meeting on Sunday, extends a sequence of monthly quota…

Emirates, the world's largest international airline, is expanding its operations in Ghana with the introduction of four additional weekly services between Dubai and Accra from 12 July 2026, the company said.The new service will complement Emirates' existing daily operation and the sustained growth in air travel demand to and from Accra, which continues to experience…

What the latest SBP policy change means for transfer costs, banks and families back home Dubai: Will it cost more for Pakistanis in the UAE to send money home this month? That is the immediate question after the State Bank of Pakistan's decision to end two incentive schemes supporting remittance providers. The policy change, which…

OPEC+ has agreed a further increase in output targets from August, the group said in a statement on Sunday, adding to global supply at a time when oil prices are falling due to the gradual reopening of the Strait of Hormuz for oil exports.

Dubai: Dubai Chambers organised an open dialogue in London to highlight Dubai’s competitive advantages as a leading global business hub, attracting interest from British investors and business leaders.The session, held in cooperation with the London Chamber of Commerce and Industry (LCCI), brought together senior representatives, including His Excellency Mohammad Ali Rashed Lootah, President and CEO…

Surveys and market flows point to confidence in UAE, Saudi and wider GCC growth Dubai: Global investors are keeping faith in the Gulf despite recent regional tensions, with new surveys, bank research and equity flow data pointing to confidence in the region’s economic outlook and trade recovery. A new investor poll by Consulum and HarrisX…

Opec+ to raise production by 188,000 bpd from AugustGulf exports rise but still below pre-war levelsOil prices fall to pre-war levels on glut fearsIraq presses Opec+ for higher quota after UAE exit Op...

Abu Dhabi: Etihad Airways is entering its largest summer season ever, operating more than 300 daily flights, carrying near-record passenger loads and launching or returning nine destinations within days as demand for travel to, from and through Abu Dhabi continues to accelerate.The milestone comes as Etihad continues its rapid growth trajectory, with summer capacity up…

The new platform will develop and manage institutional-grade investment opportunities Sharjah: Global master developer Arada has announced the launch of Arada Capital, a new funds management platform that will develop and manage institutional-grade real estate investment opportunities across the Middle East and selected international markets. Based…

Can your boss reject a summer leave request due to staff shortages? UAE employment law gives employers a say in leave dates based on work needs but it can't be denied indefinitely.

SINGAPORE: The dollar held near ​10-day lows on Tuesday as a deal to end the Iran war buoyed risk appetite, while the yen teetered near the key 160 level after the Bank of Japan hiked rates in a widely telegraphed move to tame inflationary risks from the conflict.U.S. President Donald Trump said a preliminary agreement…

New DMCC Cyber vertical will support more than 200 cybersecurity companies Dubai: DMCC has launched DMCC Cyber, a dedicated cybersecurity vertical, after its technology sector crossed 4,000 companies and became the largest and fastest-growing segment in the business district. The new vertical will support more than 200 cybersecurity companies opera…

The United ​Arab Emirates ​led the recovery, allowing millions of barrels of crude stranded in the Gulf to reach international markets, enabling producers to raise output and lower oil prices to pre-conflict levels

Shipowners will not resume transit through the ‌Strait of ​Hormuz for weeks until they are confident that the U.S.-Iran deal is "material", the chief executive of Japan's Mitsui O.S.K. Lines told the Financial Times in an interview published on Tuesday.The Iran war that began on ⁠February 28 with U.S.-Israeli strikes largely stopped shipping through the…

New Abu Dhabi platform brings ADNOC Gas, XRG and trading teams together Dubai: ADNOC has launched a global liquefied natural gas marketing and trading platform in Abu Dhabi Global Market, bringing together the LNG marketing activities of ADNOC Gas and XRG with ADNOC Trading’s trading capabilities. The new platform is designed to give customers wide…

The schools will be developed and operated by NEMA Education, one of the UAE's leading education groups, and represent the beginning of a broader collaboration to expand the Epsom College brand across the Middle East

Shares of ​Elon Musk's SpaceX rose ‌more ​than 10% in premarket trading on Tuesday, putting the company on course ⁠to overtake Amazon.com in market value to become the world's ‌fifth-largest company, as it extended a post-IPO ‌rally.The stock, which surged ‌more than ‌19% on ‌Monday, was last up 10.1% at $211.8, ​giving ‌the ​company a…

Tech stocks swing on AI boom doubts while traders await key profit reports Asian markets fluctuated Monday as investors struggled to maintain last week's late tech recovery, with traders turning their focus to the upcoming earnings season, while oil prices fell on further supplies passing through the Strait of Hormuz. After a tough end to…

BEIJING , July 3, 2026 /PRNewswire/ -- A news report from China Daily: Urumqi, capital city of the Xinjiang Uygur autonomous region, recently held the ninth China-Eurasia Expo, highlighting opening-up, cooperation and innovation. The expo's scale reached a record high and its "friend circle" expanded, with 49 countries, regions and international organizations participating and 27…

Dubai: The rapid growth of the financial technology sector in the UAE has revealed a concerning trend, with some borrowers neglecting repayment of digital loans under the mistaken belief that there are limited legal consequences.The development comes as the alternative lending market in the UAE expands rapidly. Estimates indicate the market reached approximately $362 million…

Sunday decision comes as shipping through the Strait of Hormuz continues to normalise Dubai: OPEC+ agreed to raise oil production quotas by another 188,000 barrels per day (bpd) from August, extending a series of monthly supply increases as Gulf producers continue recovering from the disruption caused by the Middle East conflict. The decision, anno…

AIR INDIA EXPRESS RESTORES SERVICES TO ALL ITS WEST ASIA DESTINATIONS; SALALAH AND KUWAIT SERVICES RESUME Kozhikode–Salalah services resume from 2 July; Kuwait flights from Kozhikode restart from 3 July 2-July-2026: Kuwait/Oman/Dubai: Air India Express has restored connectivity to all destinations across its West Asia network with the resumption of services to Salalah in Oman…

Elon Musk's SpaceX said on Tuesday it would acquire ​Anysphere, the software firm behind the popular AI coding agent ‌Cursor, for $60 ​billion, in a bid to ramp up its presence in the enterprise AI market.The announcement comes just days after Musk took his rockets-to-AI company public in a blockbuster Nasdaq debut that valued the…