UAE News

KOSPI Surges 17.91% in Historic Session as BOJ Rate Hold Calms Asian Market Fears

South Korea's KOSPI rallied 17.91% in its strongest single-session surge as Asian markets responded positively to BOJ's rate hold decision

Jul 31, 2026

Dubai Financial Market Posts $120.68M H1 2026 Profit as Trading Activity Surges 40%

Dubai Financial Market (DFM) reported net profit before tax of AED 443.2 million ($120.68 million) for H1 2026 as trading activity surged 40%

Jul 31, 2026

KOSPI Extends Decline as Nikkei Rises; Asian Markets Divided Ahead of Fed Decision

South Korea's KOSPI extended its decline in a choppy session as concerns over leveraged ETF volatility persisted

Jul 30, 2026

Fertiglobe Eyes Global Acquisitions and UAE Production Expansion in Growth Push

Fertiglobe, the UAE-listed fertiliser giant, is actively seeking overseas investment targets

Jul 30, 2026

Dubai Aerospace Enterprise Completes $9 Billion Macquarie AirFinance Takeover

Dubai Aerospace Enterprise (DAE) completed its $9 billion acquisition of Macquarie AirFinance, acquiring 100% of the firm and its fleet portfolio

Jul 29, 2026

Masdar and Montenegro's EPCG Launch 150MW Solar Projects as First Phase of 2GW Clean Energy Partnership

Masdar and EPCG, Montenegro's national power utility, have launched Montenegro's first 150MW solar projects under their equally-owned JV

Jul 29, 2026

Global M&A Hits Record $3.28 Trillion in H1 2026, Surpassing 2021 Peak as Mega-Deals Surge 125%

Global M&A volume reached $3.28 trillion in H1 2026, up 48% year-on-year and surpassing the previous first-half record set in 2021

Jul 28, 2026

DIFC Registered Companies Surpass 10,000 for First Time as H1 2026 Additions Hit 2,318

Dubai International Financial Centre crossed 10,018 active registered companies in H1 2026, up 30% year-on-year

Jul 28, 2026

Gold Slips 0.81% to $4,041 as Dollar Strengthens Ahead of Federal Reserve Rate Decision

Gold declined 0.81% to $4,041 per ounce as the US dollar strengthened ahead of the Federal Reserve's upcoming rate decision

Jul 28, 2026

DMCC and Hong Kong Tinkam Capital Sign MoU to Develop Energy Equipment Manufacturing Park in Dubai

Dubai Multi Commodities Centre (DMCC) and Hong Kong Tinkam Capital signed an MoU to explore a power and energy equipment manufacturing park in Dubai

Jul 28, 2026

Gold Slips to $4,091 as US-Iran Pause Cools Oil and Supports Rate-Hold Sentiment Ahead of Fed

Spot gold dipped slightly to $4,091 per ounce on Monday morning while futures rose as the US-Iran ceasefire reduced oil-driven inflation fears.

Jul 27, 2026

Oil Prices Plunge 4.6% to $87.46 as US-Iran Military Pause Revives Diplomacy Hopes

Crude oil fell more than 4% to $87.46 per barrel after the US and Iran paused military strikes over the weekend, reviving expectations of diplomatic progress.

Jul 27, 2026

Asian Markets Sink as Oil Surge Drives Rate Hike Bets; KOSPI Plunges 5.98%, Nikkei Falls

South Korea's KOSPI plunged 5.98% as rising oil prices drove fears of further central bank rate increases.

Jul 24, 2026

UAE Blue Chips FAB and du Post Double-Digit H1 Gains as Banking Margins Widen and Telecom Revenue Climbs

Jul 23, 2026

Brent Crude Surges 2.3% to $96.26 as Houthi Tanker Attacks and US Iran Strikes Escalate

Brent crude futures rose $2.19 (2.33%) to $96.26/bbl, a six-week high, driven by Houthi tanker attacks in the Red Sea and fresh US military strikes on Iran.

Jul 23, 2026

Oil at $92.30 and Gold Above $4,131: Middle East Supply Fears Drive Dual Commodity Rally

Oil surged to $92.30/barrel (five-week high) and gold climbed above $4,131/oz (two-week high) as escalating Middle East tensions triggered simultaneous energy and safe-haven buying.

Jul 22, 2026

MGX, AIP and BlackRock's GIP Complete $40 Billion Acquisition of Aligned Data Centres

AIP, MGX, and BlackRock's GIP closed a $40 billion acquisition of Aligned Data Centres from Macquarie Asset Management, marking one of the largest AI infrastructure deals globally.

Jul 21, 2026

Syria Visitor Arrivals Double to 3.52M in H1 2026, Foreign Tourism Surges 448%

Syria welcomed 3.52 million visitors in H1 2026 - more than double year-earlier levels - as international confidence in post-conflict recovery grows.

Jul 21, 2026

Saudi Arabia Launches 365-Day Multiple-Entry Umrah Visa to Boost Religious Tourism and Vision 2030 Revenue

Saudi Arabia launched a 365-day multiple-entry Umrah visa allowing pilgrims to visit multiple times with 90-day cumulative stay, expanding religious tourism as a Vision 2030 non-oil revenue pillar after record 2026 pilgrim numbers.

Jul 20, 2026

Abu Dhabi Real Estate Transactions Surge 112% to $31.86B in H1 2026 as FDI Grows 309%

Abu Dhabi real estate hit $31.86 billion in H1 2026 transactions, up 112% year-on-year, while FDI into UAE property surged 309% per ADREC data.

Jul 20, 2026

Gold Slides 3.4% for Biggest Weekly Loss in Six Weeks as Oil Surge Diverts Safe-Haven Capital

Gold held near $3,986 but faces 3.4% weekly loss — biggest in six weeks — as US-Iran oil surge diverts investor capital from precious metals to energy trades.

Jul 17, 2026

ADGM Academy Trains 2,244 UAE Nationals in 2025 as Abu Dhabi Financial Centre Deepens Talent Base

ADGM Academy trained 2,244 UAE nationals in 2025 reaching 10,779 cumulative trained since 2019, supporting Abu Dhabi's push to deepen financial sector human capital and expand its global financial centre ranking.

Jul 17, 2026

Nikkei Falls, KOSPI Plunges 6% as Asian Markets Brace Before TSMC Earnings

South Korea's KOSPI plunged more than 6% and Japan's Nikkei declined as Asian semiconductor stocks sold off sharply ahead of pivotal TSMC quarterly earnings.

Jul 16, 2026

Gold Slips to $4,033 as Energy-Driven Inflation Fears Revive Fed Rate Hike Bets

Gold prices fell to $4,033.12 per troy ounce as Middle East conflict-driven oil price surges reignited inflation fears and boosted Federal Reserve rate hike expectations.

Jul 16, 2026

Asyad Shipping H1 2026 Net Profit Doubles to $101M as Hormuz Charter Rates Surge

Asyad Shipping net profit after tax nearly doubled to OMR39 million ($101M) in H1 2026 from OMR20M in H1 2025

Jul 15, 2026

Dubai Rental Market Hits All-Time High Monthly Activity in June, Entering New Growth Phase

Dubai's rental market recorded its highest-ever monthly contract volume in June 2026, signaling entry into a sustainable new growth phase driven by global demand.

Jul 15, 2026

Lucid Calls Bankruptcy Rumours 'Completely False' After Largest Share Drop in Two Years

Lucid denied bankruptcy rumours as 'completely false' after shares suffered their largest single-day fall in nearly two years on restructuring consultant speculation.

Jul 15, 2026

US Dollar Weakens as Softer Inflation Data Reduces Near-Term Fed Rate Hike Expectations

The US dollar weakened after lower-than-expected inflation data reduced bets on near-term Fed rate hikes

Jul 15, 2026

UAE's 2PointZero Enters US Energy Market via $2.25B Traverse Midstream Acquisition

UAE-based 2PointZero's energy unit ePointZero acquired Traverse Midstream Partners for $2.25 billion cash

Jul 15, 2026

Dammam Leads Saudi Real Estate Surge as Q1 Sales Jump 71% to $957 Million

Dammam's residential property sales reached SAR 3.6 billion ($957 million) in Q1 2026, a 71% jump quarter-on-quarter with around 2,900 homes sold, as Vision 2030 and oil-sector employment drive Eastern Province demand.

Jul 14, 2026