Business News from Thursday, May 29th, 2025

Abu Dhabi outlines 2050 energy, water strategy

The Abu Dhabi Department of Energy (DoE) has announced its comprehensive strategic framework for the energy and water sector up to 2050, at the World Utilities Congress, hosted at ADNEC in the capital.
UAE exchange house fined AED100mn for regulatory breaches

The Central Bank of the UAE (CBUAE), on Thursday, fined an unnamed exchange house AED100 million due to what it called significant failures in the company's regulatory framework.
Abu Dhabi honours 15 firms as Urban Treasures

From pastry shops and perfumeries to restaurants and tailoring stores, 15 businesses in Abu Dhabi have been honoured with the Urban Treasure awards for shaping the capital's cultural and commercial landscape.
UAE, EU hold talks on trade agreement

The UAE and European Union have held talks on the Comprehensive Economic Partnership Agreement (CEPA) that will deepen trade ties and open opportunities for investment and innovation.
US court blocks most Trump tariffs, says president exceeded his authority

A US trade court blocked President Donald Trump's tariffs from going into effect in a sweeping ruling on Wednesday that found the president overstepped his authority by imposing across-the-board duties on imports from US trading partners.

News

Dubai Police dismantles begging ring, arrests 41 people
Dubai Police on Friday announced it arrested 41 people for begging and seized AED 60,000 from their possession.
UAE secures presidency of UN-Habitat General Assembly
The UAE has achieved a new diplomatic milestone by winning the presidency of the General Assembly of the United Nations Human Settlements Programme (UN-Habitat) for the first time and securing membership in its Executive Board.
UAE Pavilion welcomes one-millionth visitor at Expo 2025 Osaka
The UAE Pavilion at Expo 2025 Osaka–Kansai welcomed its one-millionth visitor, marking a significant achievement in the pavilion’s journey since the Expo officially opened on April 13.