Oil prices will probably stay low for the next 12 months, but the long term prospects are bright for Gulf energy producers such as the UAE. That’s according to Daniel Yergin, one of the world’s most influential oil experts and author of Pulitzer award-winning book The Prize. Speaking to ARN News on the sidelines of the ADIPEC oil exhibition in Abu Dhabi, he says there’s little prospect of oil climbing much above $50 (AED 185) a barrel in the short term...
Trump says he will raise tariff on autos from EU to 25%
US President Donald Trump said on Friday he would increase tariffs on cars and trucks from the European Union to 25 per cent next week, saying the bloc had not complied with its trade deal with Washington.
UAE–South Korea CEPA comes into force on May 1
The Comprehensive Economic Partnership Agreement (CEPA) between the UAE and South Korea will officially enter into force on May 1, 2026.
Meraas awards AED 2.4 billion in construction contracts for 'The Acres'
Meraas, a member of Dubai Holding Real Estate, has awarded AED 2.4 billion in main construction contracts for new phases of its flagship villa developments, The Acres and The Acres Estates, in Dubailand.
Bangladesh set to sign Boeing jet deal, shifting from Airbus
Bangladesh is set to sign a deal on Thursday to buy 14 aircraft from US planemaker Boeing, officials said, a move that marks a shift away from Europe's Airbus amid trade pressure from Washington.
UAE Circular Economy Council focuses on food security, sustainable growth
The UAE Circular Economy Council held its first meeting of 2026 on Wednesday, with discussions centred on strengthening food security, expanding sustainable production, and increasing investment in circular economy sectors.
The UAE has welcomed a new resolution adopted by the International Maritime Organization’s (IMO) Marine Environment Protection Committee during its 84th session.
At the United Nations Security Council, the UAE has called for the immediate and unconditional reopening of the Strait of Hormuz, urging that Iran be held fully accountable for obstructing international navigation.
Sheikh Abdullah bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Foreign Affairs, reaffirmed the United Arab Emirates' full support for the sovereign measures taken by Bahrain to safeguard its security, uphold its sovereignty and national achievements, and counter any attempts to undermine its stability.
