Two of the world’s leading oil bodies have warned that the global glut of crude will last well into next year. The International Energy Agency has attributed the surplus to weak demand coupled with ballooning inventories and rising supply. Meanwhile, the Organization of the Petroleum-exporting Countries (OPEC) predicted a larger excess in 2017 due to new fields in non-member countries and the unexpected resilience of American shale drillers.
Abu Dhabi Crown Prince arrives in India for AI Impact Summit
Abu Dhabi’s Crown Prince His Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan has arrived in India to attend the AI Impact Summit, taking place in New Delhi.
UAE President appoints new Federal Tax Authority chief
UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan has issued a Federal Decree appointing Abdulaziz Mohammed Faraj Al Mulla as Director General of the Federal Tax Authority, with the rank of Ministry Undersecretary.
Uber expands into 7 new European markets in food-delivery push, FT reports
Uber plans to roll out its delivery business into seven new European countries this year, as tech groups ramp up their efforts in the multibillion-euro food-delivery market, the Financial Times reported on Sunday.
UAE strengthens market oversight to ensure price stability for Ramadan
UAE authorities have stepped up market monitoring and supply chain coordination ahead of Ramadan to ensure adequate supplies of essential goods and stable prices.
H.H. Sheikh Mohammed appoints new PCFC Chairman
In his capacity as Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE, has issued a decree appointing Abdulla bin Damithan as Chairman of the Ports, Customs and Free Zone Corporation (PCFC).
Dubai’s healthcare sector recorded strong growth in 2025, reinforcing the emirate’s goal of becoming a global hub for advanced medical services.
UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan received US Senator Lindsey Graham at Qasr Al Shati in Abu Dhabi on Wednesday.
As many as 1,856 prisoners of various nationalities will be released from Dubai's correctional facilities on the occasion of the holy month of Ramadan.
