Business News from Tuesday, May 19th, 2026
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DP World attracts over AED 854 million in investments at Jafza
DP World has attracted AED 854 million in investments across Jebel Ali Free Zone (Jafza) in the first four months of 2026, underlining continued investor demand for Dubai’s trade and industrial hub.
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OpenAI defeats Elon Musk's lawsuit, removes obstacle to IPO
A US jury on Monday has ruled against Elon Musk in his lawsuit against OpenAI, finding the artificial intelligence company not liable to the world's richest person for having allegedly strayed from its original mission to benefit humanity.
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UAE, Saudi Arabia and allies condemn Israeli minister over flotilla detaineesThe foreign ministers of the UAE, Saudi Arabia, Qatar, Jordan, Egypt, Türkiye, Indonesia and Pakistan have jointly condemned Israeli National Security Minister Itamar Ben-Gvir over the treatment of detainees linked to a Gaza-bound flotilla.
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UAE President joins call with Trump, regional leaders to discuss Iran peace dealUAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan has taken part in a joint call with leaders of the US, Bahrain, Qatar, Saudi Arabia, Jordan, Egypt, Turkey and Pakistan to discuss regional developments and efforts to advance diplomatic solutions.
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UAE delegation concludes participation in GLOBSEC Forum 2026 in PragueA high-level delegation from the United Arab Emirates, led by His Highness Sheikh Abdullah bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Foreign Affairs, concluded its participation in the GLOBSEC Forum 2026, which was held in Prague from May 21-23.
