Tumbling oil prices could see record budget losses for the UAE and Saudi Arabia this year. Prices have hit lower than $40 a barrel, which has put pressure on GCC governments. However, Marios Maratheftis, Global Chief Economist at Standard Chartered expects prices to come up in 2016 due to a limit in oil supplies.
UAE thwarts advanced cyberattacks targeting financial sector
The UAE Government's Cyber Security Council (CSC) said on Friday it has successfully countered a series of advanced cyberattacks targeting the country's financial sector.
Emirati Supplier Programme awards AED1.78 billion in contracts to SMEs
The Emirati Supplier Programme awarded AED1.78 billion in contracts to Emirati small and medium-sized enterprises in 2025, marking a 38 per cent increase compared to the previous year, His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum said on Friday.
Zayed International Airport reports strong passenger, flight traffic
Abu Dhabi's Zayed International Airport (AUH) has recorded strong growth in passenger and flight traffic, with daily volumes now higher than the same period in 2025.
UAE pushes for South America trade deal at Mercosur Summit
The UAE has reaffirmed its commitment to strengthening economic ties with South America's Mercosur bloc, as it pushes to secure a landmark trade agreement with the regional alliance.
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