Business News

Australian food delivery workers are on course to gain minimum pay levels after Uber Eats and DoorDash struck a deal with the country's transport union that is being hailed as a world first.

The 19th edition of the Dubai Airshow has set a historic record with deals surpassing AED741.8 billion ($202 billion), achieving double the AED370.9 billion ($101 billion) secured at its 18th edition in 2023.

UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan has presided over the annual ADNOC Board meeting at the Habshan complex in Abu Dhabi, a strategic hub for the company’s onshore operations and home to one of the world’s largest gas-processing facilities.

Canada and India have agreed to restart stalled talks for a new trade deal, Prime Minister Narendra Modi's office said on Sunday, after discussions between the two countries paused following a diplomatic spat two years ago.

The UAE will invest up to $50 billion in Canada under a framework that includes projects in artificial intelligence, energy and mining sectors.

US President Donald Trump on Thursday has removed his 40 per cent tariffs on Brazilian food products, including beef, coffee, cocoa and fruits that were imposed in July following the prosecution of former president Jair Bolsonaro.

G42 has welcomed the White House’s decision to authorise the export of advanced AI semiconductors to the Abu Dhabi-based AI company.

The UAE's negotiations on Comprehensive Economic Partnership Agreements (CEPA) with Japan and the European Union are now in advanced stages.

A new plant to convert waste into Sustainable Aviation Fuel (SAF) will be developed in Abu Dhabi, under a new partnership between Masdar and Tadweer Group.

Abu Dhabi has announced plans to boost private sector partnerships with investments exceeding $20 billion over the next five years.

Abu Dhabi's Crown Prince His Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan and South Korean President Lee Jae-myung have attended a high-level roundtable aimed at boosting economic cooperation between the UAE and South Korea.

Dubai carrier, flydubai, has placed a provisional order with Boeing for 75 Boeing 737 MAXs at the Dubai Air Show.

Dubai International (DXB) has achieved the highest quarterly traffic in its 65-year history in Q3 2025, welcoming 24.2 million guests between July and September – a 1.9 per cent increase year-on-year.

Emirates and ENOC Group have announced a new partnership to explore and develop joint initiatives for the supply of Sustainable Aviation Fuel (SAF) to Emirates at its Dubai hub.

The UAE's Tawazun Council has signed four new local and international contracts, worth AED 6.268 billion on behalf of the Ministry, bringing a total of AED 10.044 billion in deals over the first two days of Dubai Airshow 2025.

Dubai has unveiled plans for the world’s largest and most advanced automotive marketplace.

The UK government's export credit agency, UK Export Finance, has issued a $3.5 billion Expression of Interest to support British involvement in the $35 billion expansion of Al Maktoum International Airport at Dubai World Central (DWC).

The Dubai-based carrier, flydubai, has made an initial agreement with Airbus for 150 A321neo aircraft, valued at $24 billion, to be delivered from 2031.

Emirates has announced plans to invest up to $12 billion in its future facilities at the new Al Maktoum International Airport.

Etihad Airways has announced expansion of its widebody fleet with 32 new Airbus aircraft - including a mix of A350-1000s, A350F freighters and A330-900s - with first deliveries beginning in 2027.

Dubai budget carrier flydubai is launching Starlink Wi-Fi across its fleet, offering passengers free high-speed internet to browse seamlessly while onboard.

Abu Dhabi has showcased more than 600 projects worth over $55 billion, covering housing, transport, education and agricultural assets, to Turkish investors at Ankara.

On the opening day of the 19th Dubai Airshow, the UAE's Tawazun Council announced eight contracts worth over AED 3.77 billion on behalf of the Ministry of Defence.

Emirates is set to roll out Starlink Wi-Fi across its entire in-service fleet, starting with Boeing 777 aircraft this month and completing the upgrade by mid-2027.

Flydubai and GE Aerospace have announced a new order for 60 GEnx-1B engines to power the airline's first widebody fleet of 30 Boeing 787-9.

Emirates has announced orders for 65 additional Boeing 777-9 aircraft, powered by GE 9X engines, worth $38 billion at list prices, on the opening day of Dubai Airshow 2025.

Hyundai Motor Group will invest 125.2 trillion won ($86.47 billion) in South Korea from 2026 to 2030, the automaker said on Sunday after Seoul finalised a trade deal reducing US tariffs on South Korean autos to 15 per cent from 25 per cent.

Aster DM Healthcare has secured AED265million under a new partnership with Emirates Development Bank (EDB) towards the development of two multi-specialty hospitals in Dubai.

The 1 Billion Followers Summit, the world’s first and largest event dedicated to the content creation industry, has announced Dubai International Financial Centre (DIFC) has joined as a Gold Partner for the fourth edition of the Summit.

Tesla is now requiring its suppliers to exclude China-made components in the manufacturing of its cars in the United States, the Wall Street Journal reported on Friday.

Ferrari is the most valuable of the 10 franchises in Formula 1 with $6.4 billion as the sport collectively holds over $34 billion, according to Sportico's latest team valuations published Thursday.

Dubai Chambers has opened its first representative office in the United States, located in New York.

The Dubai World Trade Centre has announced that Phase One of the Dubai Exhibition Centre (DEC) expansion is nearing completion — a major step towards welcoming key global events from early 2026.

The UAE has completed its first government transaction using the Digital Dirham, marking a major milestone in the adoption of the country’s national digital currency.

Chad has officially launched the first round of investment talks in the UAE under its National Development Plan, Chad 2030, also known as 'Chad Connection 2030'.

Sharjah Airport has launched a new Home Check-In service, designed to make travel smoother and more convenient for passengers.

Dubai’s economy continued to maintain its strong upward momentum in the first half of 2025, surpassing projections and consolidating its position as a one of the world’s most vibrant and competitive urban economies.

Dr. Thani bin Ahmed Al Zeyoudi, Minister of Foreign Trade, met with Mpho Parks Tau, South Africa’s Minister of Trade, Industry and Competition, to discuss ways to increase trade, investment, and private-sector collaboration between the two nations.

The 1 Billion Followers Summit, the world’s first and largest event dedicated to the content creation industry, has announced that The Sustainable City in Dubai has joined as the Platinum Partner for the fourth edition of the Summit.

Dubai Chamber of Digital Economy, one of the three chambers operating under the umbrella of Dubai Chambers, has announced that it supported the establishment and expansion of 582 digital startups during the first nine months of 2025.

Drydocks World has completed the full conversion and integration of the EMEM Floating Production Storage and Offloading (FPSO) vessel, delivering a key offshore asset to support production at Nigeria’s Okwok field and advance the country’s energy development and self-reliance goals.

Japan's economic stimulus package is set to include tax cuts to spur investment focused around 17 key industries, including AI and semiconductors, and multi-year budget allocations to make policy more predictable, the Nikkei newspaper reported.

Family businesses remain a vital force in the UAE’s economy, contributing around 60 per cent of the country’s GDP, providing more than 80 per cent of jobs, and making up nearly 90 per cent of all private sector companies.

Tesla CEO Elon Musk won shareholder approval on Thursday for the largest corporate pay package in history as investors endorsed his vision of morphing the EV maker into an AI and robotics juggernaut.

Microsoft has expanded its global skilling initiative - Elevate - to equip more than 250,000 students, staff and faculty and more than 55,000 government employees in the UAE with AI skills.

Ennismore, a lifestyle hospitality company, has partnered with Dubai Holding to introduce Caravan Hatta by Our Habitas at Hatta Resorts.

The Emirates Group has announced a record profits of AED 12.2 billion ($3.3 billion) for the first six months of 2025, driven by strong travel demand "despite geo-political events and economic concerns in some markets".

US Transportation Secretary Sean Duffy has said he would order a 10 per cent cut in flights at 40 major airports, citing air traffic control safety concerns as a government shutdown hit a record 36th day.

His Highness Sheikh Mansoor bin Mohammed bin Rashid Al Maktoum, President of the UAE National Olympic Committee, has officially inaugurated the 11th edition of Gulfood Manufacturing at the Dubai World Trade Centre.

The Dubai Chamber of Commerce has announced strong performance figures for the first nine months of 2025, reinforcing its role in driving economic growth and supporting the Dubai Economic Agenda (D33).

Expo 2020 Dubai has reaffirmed its commitment to gender equality and women’s empowerment.

Expo 2020 Dubai and the United Nations Global Compact are joining forces to hold a Sustainable Development Goals Business Forum.

More than 2,500 online travel agents, tour operators, hotel groups and airlines have signed on as Authorised Ticket Resellers (ATRs) for Expo 2020 Dubai.

A spectacular line-up of sights, sounds and tastes await visitors at Expo 2020 Dubai, through a series of specially curated itineraries.

Apple on Tuesday launched the iPhone 12 with faster 5G connectivity, which the company hopes will spur a wave of upgrades and keep its sales booming through the end of the year.