The price of oil is set for a correction by the end of the year, according to the UAE Energy Minister. Speaking in Abu Dhabi, Suhail Mohammad Faraj Al Mazrouei said that he believes the current prices are forcing everyone to ‘freeze.’ It's reported that oil has lost over 65% of its value since highs of $115 per barrel in June 2014, due to a glut of supply. The minister added: “It does not make any sense for anyone to increase the production at the current prices.”
Sharjah Airport welcomed 4.5 million travelers in Q1
Sharjah Airport welcomed more than 4.5 million travellers in the first quarter of this year, an 8 per cent increase compared to the same period last year.
Trump says 'be patient' as US economy contracts on tariff disruption
U.S. President Donald Trump said on Wednesday that Americans should be patient in the face of a first quarter economic contraction, arguing that his tariffs would eventually lead to a boom in the U.S. economy.
DXB delivers a strong start to 2025 with 23.4 million guests in Q1
Dubai International (DXB) welcomed 23.4 million guests in the first quarter of 2025, maintaining strong momentum and reinforcing its position as the world’s leading international airport.
H.H. Sheikh Khaled meets OpenAI CFO in Abu Dhabi
His Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Chairman of the Abu Dhabi Executive Council, held talks with OpenAI CFO Sarah Friar in the capital.
Aldar reports AED1.9 billion net profit in Q1 2025
Aldar Properties today announced its financial results for the first quarter of 2025, reporting a 33 per cent year-on-year increase in profit before tax to AED 2.2 billion, with net profit after tax rising by 22 per cent year-on-year to AED 1.9 billion.
President His Highness Sheikh Mohamed bin Zayed Al Nahyan received Lebanese President Joseph Aoun in Abu Dhabi on Wednesday, in his first official visit to the country since taking office.
Emirati authorities carried out an air ambulance mission for an injured person who "suffered a sudden health problem" in Oman, it was announced on Wednesday.
UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan and the President of the Republic of Ecuador, Daniel Noboa, met on Wednesday to discuss strengthening cooperation in economy, trade, renewable energy, sustainability, investment, tourism, and agriculture.
