UAE News

US-Iran Peace Deal Opens Hormuz Strait, Crashing Oil and Sending Gold and Stocks Surging

The US and Iran finalized a historic peace framework, triggering Strait of Hormuz reopening and a global market rally

Jun 15, 2026

SpaceX Completes Record $75B IPO at $1.8T Valuation — Gulf Investors Set to Book Billions in Paper Gains

SpaceX's $75B IPO at $1.8T valuation — history's largest — delivers massive paper gains for Gulf sovereign wealth funds including Saudi PIF and UAE's Mubadala that backed pre-IPO rounds.

Jun 13, 2026

UAE Central Bank Signs World Bank Pact on Financial Inclusion and Digital Fraud Protection

The UAE Central Bank signed an agreement with the World Bank Group to collaborate on financial inclusion and consumer protection

Jun 13, 2026

Brent Crude Falls to Two-Month Low Near $89 on US-Iran Peace Deal Speculation

Brent crude fell to a two-month low of approximately $89 per barrel on news of a potential US-Iran talks breakthrough

Jun 13, 2026

Sharjah Real Estate Hits Record USD 17.86B as Transactions Surge 64% Year-on-Year

Sharjah real estate transactions surged 64% year-on-year to a record 17.86 billion USD, signalling robust Gulf property market momentum.

Jun 12, 2026

Turkish Airlines Stock Falls Despite Upbeat Tone as Fuel Costs Weigh on Margins

Turkish Airlines struck an upbeat operational tone despite fuel cost pressure contributing to a stock price decline.

Jun 12, 2026

Gold Falls to $4,193 Heading for Second Straight Weekly Loss as Fed Rate Hike Fears and Iran Deal Weigh

Spot gold fell 0.41% to $4,193.49 per ounce on Friday, on track for a second consecutive weekly decline of more than 3% as Federal Reserve rate-hike expectations weighed on sentiment.

Jun 12, 2026

South Korea Kospi Surges Over 8% as US-Iran Deal Hopes and SpaceX IPO Ignite Global Rally

South Korea's Kospi surged more than 8% as investors priced in optimism around a potential US-Iran peace agreement alongside anticipated SpaceX IPO market activity.

Jun 12, 2026

Three Indian Crew Members Killed as US Strike Disables Oil Tanker Near Hormuz Strait

Three Indian seafarers were killed and others reported missing after a US military strike disabled oil tanker MT Settebello near the Strait of Hormuz off Oman.

Jun 11, 2026

Aster DM Healthcare Doubles Saudi Hospital Beds With ProCare Acquisition Under Vision 2030 Push

Aster DM Healthcare acquired a majority stake in ProCare Hospital in Saudi Arabia's Eastern Province, rebranding it Aster ProCare Hospital.

Jun 11, 2026

US Dollar Pulls Back From Two-Month High as Traders Await Fed Meetings and Rate Decisions

The US dollar retreated from a two-month high as Middle East tensions eased and profit-taking emerged.

Jun 9, 2026

Dubai-France Non-Oil Trade Surges 120% in Five Years to Hit $10.97 Billion

Dubai's non-oil trade with France surged 120% over five years, reaching AED 40.3B ($10.97B) in 2025.

Jun 9, 2026

Saudi Arabia's Fund Industry AUM Surges 18% to $319.7B on Real Estate and Money Market Growth

Saudi Arabia's total assets under management rose 18% to $319.7 billion (SAR 1.2 trillion) at end-2025, per the CMA's annual report

Jun 9, 2026

US Dollar Hits Two-Month High as Jobs Report Fuels Fed Rate Hike Bets and Safe-Haven Demand

The US dollar climbed to its highest level in nearly two months as a robust jobs report raised Federal Reserve rate hike expectations, combining with geopolitical-driven safe-haven demand.

Jun 8, 2026

Strong US Labor Market Forces Fed Rate Cut Timeline Reassessment, Goldman Sachs Pushes Back to June

Consistently strong US labor data and economic resilience are forcing a major reassessment of the Federal Reserve's rate cut timing, with Goldman Sachs pushing back to June

Jun 8, 2026

Dubai's DIEZ Trade Zone Posts Record $133.7 Billion in 2025 Trade, Up 46%

Dubai Integrated Economic Zones Authority recorded AED 491 billion ($133.7 billion) in total trade in 2025, up 46%

Jun 8, 2026

Gold Falls to $4,314 as Strong US Jobs Data Raises Rate-Hike Expectations

Gold prices extended losses to $4,314 as robust US May jobs data fuelled Federal Reserve rate-hike expectations

Jun 8, 2026

Qatar Airways Expands Doha-Dubai Service From 2 to 5 Daily Flights Starting June 5 to Meet Surging Demand

Qatar Airways increases Doha-Dubai daily flights from 2 to 5 in a phased expansion starting June 5, 2026

Jun 5, 2026

UAE Real Estate Surges in May: Ajman Posts $435.7M in Deals While Sharjah Records 7,119 Transactions Worth $844M

Ajman records 864 real estate transactions worth AED 1.6 billion ($435.7 million) in May 2026

Jun 5, 2026

Gold Falls 0.85% to $4,439 as Iran Peace Deal Hopes Fade and Rate Hike Bets Grow

Spot gold dropped 0.85% to $4,439.18 per ounce on Friday, heading for a weekly decline as Middle East tensions reduced prospects for a US-Iran peace agreement.

Jun 5, 2026

UAE's Al Ansari Financial Services Acquires AED23M Stake in Oman's Mustafa Sultan Exchange

Jun 4, 2026

UAE-Morocco Non-Oil Trade Surges to $1.7B as Leaders Deepen Strategic Partnership

UAE President and Morocco's King meet to discuss strategic partnership expansion as non-oil bilateral trade reaches $1.7 billion.

Jun 4, 2026

Saudi PIF's Humain Partners With Nvidia to Launch AI-Powered Robotaxis in Middle East

Humain, the Saudi Public Investment Fund's AI company, announced a partnership with Nvidia to launch robotaxis in the Middle East, combining Nvidia's DRIVE platform with PIF's sovereign capital backing for Vision 2030 smart mobility goals.

Jun 4, 2026

Morocco Car Exports Surge Nearly 20% in First Four Months of 2026, Cementing Its African Auto Manufacturing Lead

Morocco's automotive exports rose nearly 20% in the first four months of 2026, extending its lead as Africa's largest vehicle production hub via European automaker investment in its Tanger Med manufacturing clusters.

Jun 3, 2026

Kuwait's $10 Billion Petrochemical Project Gets New Momentum After State Oil Company Merger Clears Bureaucratic Logjam

Kuwait's long-delayed $10B petrochemicals project is expected to advance after the merger of two state-owned downstream oil companies removed the bureaucratic obstacles that had stalled it for years.

Jun 3, 2026

Lunate Launches First GCC Shariah-Compliant Dividend ETF on Abu Dhabi Securities Exchange

Lunate'\''s GCCDIV ETF — the first GCC Shariah-compliant dividend ETF — lists on the Abu Dhabi Securities Exchange on June 23, filling a key gap in the region'\''s Islamic finance product landscape.

Jun 2, 2026

UAE's MGX and Mistral to Build 3 GW AI Compute Campus in France in Landmark Cross-Border AI Deal

UAE tech investment company MGX, French public bank Bpifrance, and AI startup Mistral announced plans to expand Campus AI in France to up to 3 GW compute capacity.

Jun 2, 2026

UAE Cuts Diesel Prices 8% to AED4.33 Two Months After 70% Iran-War Surge

The UAE lowered diesel prices 8% for June to AED4.33 per litre from AED4.69 in May, following a 70%+ hike in April due to Iran war impact.

Jun 1, 2026

Saudi Arabia Non-Oil Exports Surge 18.9% to $97 Billion in 2025 Diversification Push

Saudi Arabia's non-oil exports including re-exports rose 18.9% to SAR366B ($97.02B) in 2025

Jun 1, 2026

Oil Surges 2%+ as Israel-Lebanon Conflict Intensifies Despite Prior Ceasefire

WTI crude jumped 2.70% to $89.72 and Brent hit $93.22 after Israel ordered troops deeper into Lebanon

Jun 1, 2026