Legal Challenges for Property Buyers Seeking to Invoke Force Majeure in Dubai
He also emphasized that seeking early legal counsel is the most prudent course of action, warning that premature steps can sometimes lead to more issues than they resolve.
AD
Steady Remittances from the UAE in Q1 2026 Amid Currency Fluctuations
Remittances from the UAE have remained largely steady in the first quarter of 2026, with a slight increase to some countries due to favourable exchange rates, according to leading UAE currency exchange companies.
BIS Calls for Global Cooperation on Stablecoin Regulation
"And if prohibitions on paying interest on stablecoins can be enforced."
UAE Airlines Expand Global Connectivity Amid Ceasefire
Europe:
Amazon Acquires Globalstar to Enhance Satellite Internet Network
Amazon announced on Tuesday that it has reached an agreement to purchase the US telecommunications satellite company Globalstar, aiming to expand its space-based internet infrastructure and compete with Elon Musk's Starlink.
The Challenge of Transitioning from Fossil Fuels: Insights Post-COP28
Hare noted that renewable energy has also led to reduced electricity bills in certain regions of the United States and Australia.
RAKBank Achieves Record Quarterly Profit in Q1 2026
RAKBank announced on Monday its strongest quarterly performance ever in the first three months of 2026, reporting a profit after tax of Dh1 billion, a 43 percent increase year-on-year, driven by growth in its balance sheet, expanding margins, and a one-time gain from an asset sale.
Reverse home bias and the New Year resolution that can change your wealth
UAE businesses continue to remain on strong growth track
India upgrades economic growth forecasts 2025-26 to 7.4%
Dubai gold prices at record high; 24K reaches Dh550 per gram
Is 2026 the year crypto finally moves from speculation to structural maturity?
Crypto’s coming of age: 2026 set to redefine digital assets beyond price hype
India proposes forcing smartphone makers to give source code in security overhaul
Samsung Galaxy S26 Ultra: Expected release date, features and UAE price
All January 9 flights to Iran cancelled, Flydubai spokesperson confirms
AD
Etihad flies a record 22.4 million passengers in 2025, launches 16 new routes
Abu Dhabi-based Etihad Airways carried 22.4 million passengers in 2025, an increase of 21 per cent year-on-year and the highest annual total in its history.The UAE national carrier’s passenger load factor in 2025 reached 88.3 per cent, up two percentage points compared with 2024, reflecting strong commercial performance throughout the year.The increase in passenger traffic was driven by sustained demand and disciplined capacity growth across its expanding global network..In December 2025 alone,
Du reports 7.9% year-on-year increase in revenues, reaching Dh3.87 billion in Q3 2025
Emirates Integrated Telecommunications Company PJSC (du) on Thursday reported a solid financial and operational performance for the third quarter of 2025, underpinned by strong commercial momentum, disciplined execution, and strategic investments in high-growth areas.The telecom operator posted a 7.9 per cent year-on-year increase in revenues, reaching Dh3.87 billion for the quarter, driven by robust growth across its mobile, fixed, and ICT segments. Net profit rose to Dh732 million, marking a 1
UAE's mobile market set for data-driven growth as 5G subscriptions surge
The mobile services sector in the UAE is set for a steady advance over the rest of the decade as demand for high-volume data plans and widespread 5G adoption reshape how consumers and businesses use mobile networks. According to new modelling by analytics firm GlobalData, mobile service revenue in the UAE is projected to grow at a compound annual growth rate (CAGR) of 4 per cent between 2025 and 2030 — a shift driven by rising data consumption even as traditional voice revenue continues to decli
Why crude oil’s slide looks set to hit $50 this year
Oil prices are drifting lower with a stubborn sense of inevitability, weighed down by swelling supply and an unconvincing geopolitical risk premium, even after the shock of a US strike in Venezuela.From Wall Street to Mumbai, analysts are converging on a view that crude could revisit levels last seen during periods of acute oversupply, with Brent flirting with $50 a barrel by mid-year and struggling to mount a durable recovery.The immediate drag is Opec+ itself. After years of restraining output
Oil steadies as market assesses potential disruption in Iran, dealmaking for Venezuela
Oil prices steadied on Friday as concerns about potential disruption to Iran's output were offset by expectations of increased supply from Venezuela.Brent futures gained 18 cents, or 0.3 per cent, to $62.17 per barrel by 1005 GMT, while US West Texas Intermediate (WTI) crude climbed 17 cents, or 0.3 per cent, to $57.93.Both benchmarks climbed more than 3 per cent on Thursday, following two straight days of declines. For the week, Brent is on track to climb 2.3 per cent, while WTI has gained 1 pe
Airbus CEO says Boeing likely to win order race this year
Airbus CEO Guillaume Faury conceded likely defeat in the annual order race against Boeing on Wednesday, saying it was possible Boeing would win for the first time in six years, helped by settlements over U.S. tariff disputes.Airbus remains ahead of its U.S. rival in deliveries and the pipeline of outstanding orders, Faury told France Inter. Buoyed by strong demand for its 787 long-haul jet, Boeing on Wednesday posted 908 net orders after cancellations between January and November, compared with
Warner Bros bidding war and red hot M&A market has dealmakers working through holidays
A flurry of multi-billion-dollar deals has bankers and advisers from Wall Street to Canary Wharf packing laptops next to presents and warning family and friends their holiday vacations over the next two weeks will be cut short. There have been $463.6 billion in mergers and acquisitions announced this month, 30% more than last year, including Trump Media Technology Group's $6 billion merger with nuclear fusion firm TAE Technologies, IBM's $11 billion purchase of data infrastructure company Confl
Abu Dhabi to invest Dh240 billion in infrastructure over the next 7 to 10 years
Abu Dhabi will invest Dh240 billion ($65.4 billion) over the coming years in infrastructure development, with a strong role for private-sector entities, as the emirate sees its population doubling by 2040, a senior official said on Monday.“A lot of people think infrastructure is construction, but it touches a lot of different economic sectors — hospitality, healthcare, education, construction and transportation, etc. When the government actually pumps a lot of investment into infrastructure and