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Month: May 2026

Posted on 25/05/2026

Abu Dhabi Customs develops integrated sustainability framework to strengthen its corporate strategy

ABU DHABI, 25th May, 2026 (WAM) — Abu Dhabi Customs has developed an innovative methodology to integrate the United Nations’ 17 Sustainable Development Goals (SDGs) into its corporate strategy, …

Posted on 25/05/2026

Dh1.54-billion housing benefits package approved for Abu Dhabi citizens ahead of Eid Al Adha

Dh1.54-billion housing benefits package approved for Abu Dhabi citizens ahead of Eid Al Adha …

Posted on 25/05/2026

Fitch affirms UAE’s ‘AA-’ rating as strong buffers shield economy

Stable outlook reflects expectations that the UAE’s oil export revenues would remain resilient despite disruptions linked to the Iran conflict, supported by higher prices and export infrastructure …

Posted on 25/05/2026

UAE hotel revenues jump 9.7% to Dh49.21 billion in 2025

The UAE tourism sector’s achievements also included hotel nights reaching 100 million, according to official figures released by the Emirates Tourism Council …

Posted on 25/05/2026

Drydocks World close to debt deals, weighs IPO

Khamis Juma Buamin, chairman of Drydocks World, said he expects to reach a restructuring deal with creditor banks by the end of April. “The headline terms have been agreed upon,” he said. Of the $2.2 …

Posted on 25/05/2026

Dubai is a ‘haven for money laundering’

The UAE’s unwillingness to tackle corruption and money laundering is a global challenge that must be addressed, says a US think tank.

Posted on 25/05/2026

How the UAE’s record budget will be spent in 2025

The UAE has approved its federal budget for 2025 and focused most of next year’s spending on social benefits and government affairs. The Gulf state’s budget maintains a balance between income and …

Posted on 25/05/2026

Emirates NBD Securities opens GCC markets to UAE investors

Broker expands trading access to Oman, Qatar, Kuwait, and Bahrain Dubai: Emirates NBD Securities has expanded its trading reach, giving UAE investors direct access to all key stock markets across the …

Posted on 25/05/2026

Dubai Islamic Bank launches new corporate identity

08 November 2005 Dubai – Dubai Islamic Bank (DIB) has announced the launch of a new Corporate Identity that reflects the bank’s progressive vision to provide a better way of banking.The launch of the …

Posted on 25/05/2026

Abu Dhabi awards $1.7bn contract to ALEC for Sphere entertainment venue

ALEC, a publicly listed UAE contractor, will be responsible for the full design, procurement and construction of the venue, which will feature advanced immersive technologies and integrated building s …

Posted on 25/05/2026

Strait of Hormuz turmoil ‘serious’ risk for Europe, top UAE adviser warns

UAE presidential adviser Dr Anwar Gargash said at a conference in Prague that the Strait of Hormuz is a European energy problem, not a distant regional one, as the region continues to face the worst …

Posted on 25/05/2026

Dubai updates parking codes with weeks left for variable rates

Last month, Parkin PJSC announced that the new variable pricing tariff will take effect from early April 2025 across Dubai …

Posted on 25/05/2026

Iran’s guards used UAE company to buy Chinese satellite equipment

A Financial Times investigation says Iran’s Revolutionary Guards used a UAE-based company to buy Chinese satellite communications equipment for military use, exposing how Tehran may still be using …

Posted on 25/05/2026

Dubai’s Parkin announces 5% VAT on all parking services starting June 1

The move was in coordination with relevant government authorities and applicable UAE tax regulations, operators noted …

Posted on 25/05/2026

Abu Dhabi, Qatar Quietly Slip More Tankers Through Hormuz

Abu Dhabi National Oil Co. has been quietly ferrying oil and gas shipments out of the Persian Gulf using its own fleet, apparently clearing both the Iranian navy and US warships to reach …

Posted on 25/05/2026

UAE: Egyptian killed, 4 injured after debris hits Abu Dhabi gas facility

Two Pakistani and two Egyptian nationals injured in Habshan gas plant fire Abu Dhabi: Authorities confirmed that two fires erupted at the Habshan Gas Processing Plant following the fall of debris …

Posted on 25/05/2026

UAE and Saudi Arabia reroute some oil exports away from Hormuz

The UAE and Saudi Arabia are redirecting some oil exports away from the Strait of Hormuz as the latest Gulf crisis exposes the risks of relying too heavily on a single chokepoint. The shift does not …

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