Business News from Friday, May 22nd, 2026
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Dubai Maritime City launches AED160 million maritime business centre
Dubai Maritime City, one of DP World's flagship developments, has inaugurated the AED 160 million premium Maritime Business Centre 2 (MBC-2) that offers high-quality office spaces in the Commercial District of Dubai Maritime City.
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Dubai announces 5% VAT on Salik, Parkin fees
Starting June 1, a 5 per cent Value Added Tax (VAT) will be applied to parking services provided by Parkin and toll tariff and activation fees under Salik.
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Leaders in Abu Dhabi reflect on success of ADIA on its 50th anniversary
His Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi, has affirmed that 50 years of Abu Dhabi Investment Authority (ADIA) represents a strategic milestone in the emirate’s transformational economic journey.
News
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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.
