Business News

Alphabet-owned YouTube and Fox announced they have reached an agreement on Thursday that will keep Fox News, Fox Sports and other Fox channels available to YouTube TV subscribers.

The UAE and Angola have signed an agreement to establish the UAE-Angola Business Council, in a move aimed at strengthening economic relations and expanding investment opportunities.

The Comprehensive Economic Partnership Agreement (CEPA) between the UAE and New Zealand, has officially come into force.

A new pilot programme will allow individuals and small business owners in the UAE to earn an extra income for carrying out Amazon deliveries on foot in densely populated areas.

US President Donald Trump's doubling of tariffs on goods from India to as much as 50 per cent took effect as scheduled on Wednesday, escalating tensions between the world's two largest democracies and strategic partners.

The Registration Authority of Abu Dhabi Global Market (ADGM) has issued financial penalties totalling $37,500 (AED 137,718) against Half Moon Investments Limited and three of its directors.

Indian exporters are bracing for disruptions after a US Homeland Security notification confirmed Washington would impose an additional 25 per cent tariff on all Indian-origin goods from Wednesday, ramping up trade pressure on the Asian nation.

Drydocks World, a unit of DP World, has secured a landmark contract to build the world’s largest floating liquefied natural gas (FLNG) liquefaction facility off Mexico's west coast.

The UAE and Angola have taken a major step forward in strengthening economic relations.

Abu Dhabi National Energy Company (TAQA) has signed an agreement to gain full ownership of Madrid-based water company GS Inima for $1.2 billion, strengthening its position as a global low-carbon water champion.

Dubai has attracted 2,415 content creators from 147 countries, with a combined following of over 2.45 billion, in six months, as the country builds itself as the global capital of content economy.

Spotify will raise prices as it invests in new features and targets 1 billion users, the Financial Times reported on Sunday citing the music streaming provider's Co-President and Chief Business Officer Alex Norstrom.

India's foreign minister said on Saturday that trade negotiations with Washington are continuing but there are lines that New Delhi needs to defend, just days before hefty additional US tariffs are due to hit.

President Donald Trump said on Friday the US would take a 10 per cent stake in Intel under a deal with the struggling chipmaker and is planning more such moves, the latest extraordinary intervention by the White House in corporate America.

Elon Musk tried to enlist rival Mark Zuckerberg for the $97.4 billion bid that his consortium made for OpenAI earlier this year, but the CEO of Meta Platforms did not come on board, OpenAI said in a court filing on Thursday.

The UAE Central Bank (CBUAE) increased its gold reserves by 25.899 per cent during the first five months of the year to AED 28.933 billion, up from AED 22.981 billion at the end of December 2024.

Italian fashion house Valentino has appointed industry veteran Riccardo Bellini as new chief executive, it said on Wednesday, adding he will take up the role at the start of September.

Russian President Vladimir Putin and Indian Prime Minister Narendra Modi will meet in New Delhi by the end of year, but no dates have been finalised yet, a Russian embassy official in India said on Wednesday.

India and China agreed on Tuesday to resume direct flights and step up trade and investment flows as the neighbours rebuild ties damaged by a 2020 border clash.

Air Canada's unionised flight attendants have reached an agreement with the country's largest carrier on Tuesday, ending the first strike by its cabin crew in 40 years that had upended travel plans for hundreds of thousands of passengers.

Norway's sovereign wealth fund, the world's largest, said on Monday it had decided to exclude another six companies with connections to the West Bank and Gaza from its portfolio, following an ethics review of its Israeli investments.

Air Canada suspended its third-quarter and annual profit forecasts on Monday as its planes remained grounded after striking flight attendants refused a government-backed order to return to work and called on the airline to get back to the bargaining table.

Dubai International Chamber has recorded a 138 per cent increase in companies under its jurisdiction in the first half of 2025, attracting a total of 143 companies. 

A court ordered Australia’s largest airline, Qantas Airways, on Monday to pay a record fine of A$90 million ($58.64 million) for illegally sacking 1,800 ground staff during the COVID-19 pandemic and criticised it for a lack of contrition.

Air Canada's fleet of hundreds of planes remained grounded on Monday morning after striking flight attendants refused a government-backed order to get back to work and called on the airline to return to the bargaining table.

The Gulf Cooperation Council (GCC) countries saw a slight decline in overall national income in 2023, but their non-oil economies continued to grow steadily, according to new data from the Statistical Centre for the Cooperation Council for the Arab Countries of the Gulf (GCC-Stat).

Air Canada's unionised flight attendants walked off the job early on Saturday morning after pay talks with the country's largest carrier stalled, in a move that is expected to disrupt travel plans for more than 100,000 passengers.

Dubai recorded a GDP of AED119.7 billion in the first three months of the year, marking a 4 per cent growth during the same period last year, driven by strong performances and expansion across various sectors.

Salik has posted AED 1.527 billion in revenue for the first half of the year, marking 39.5 per cent in growth driven by the introduction of variable pricing at the end of January and two new toll gates last November.

The United States and China have extended a tariff truce for another 90 days, staving off triple-digit duties on each other's goods as US retailers get ready to ramp up inventories ahead of the critical end-of-year holiday season.

Abu Dhabi Airports has reported double-digit passenger traffic growth for a 17th consecutive quarter as well as strong flight movement and cargo growth in the first half of 2025.

Dr. Thani bin Ahmed Al Zeyoudi, Minister of Foreign Trade, on Friday confirmed the UAE continues to take firm steps toward strengthening its international partnerships and solidifying its role as a global hub for trade and investment.

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.