OPEC has agreed to cut oil production for the first time in eight years. The announcement came as the trading bloc, of which the UAE is a member, battles a weak market and a global glut of crude. It was proposed to reduce output to between 32.5 and 33 million barrels per day. Details of the deal, including targets for each country, are still to be finalised.
DP World attracts over AED 854 million in investments at Jafza
DP World has attracted AED 854 million in investments across Jebel Ali Free Zone (Jafza) in the first four months of 2026, underlining continued investor demand for Dubai’s trade and industrial hub.
OpenAI defeats Elon Musk's lawsuit, removes obstacle to IPO
A US jury on Monday has ruled against Elon Musk in his lawsuit against OpenAI, finding the artificial intelligence company not liable to the world's richest person for having allegedly strayed from its original mission to benefit humanity.
Dubai Holding announces Microsoft collaboration ahead of major AI shift
Dubai Holding has announced a collaboration with Microsoft to embed artificial intelligence (AI) at the core of its future operations.
Abu Dhabi Ports Group awarded AED735 million container terminal contracts
Abu Dhabi Ports Group has announced being awarded three contracts worth a combined value of AED735 million for the design and construction of a container terminal to Ports of Nouatom - Pointe Noire Terminal in the Republic of Congo.
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