The Gulf is set for more financial turbulence if the oil price doesn’t increase soon. That’s the word from financial services experts Standard & Poor's in their latest report. They say restraints on oil and gas prices have steered the GCC into an environment marked by weakening economic growth. The report’s economic projections for the GCC reflect a 2% decline in GDP growth for 2015 when compared to 2014.
UAE President meets German business leaders during state visit
UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan has met with German business leaders and company executives during his state visit to Germany.
UAE President attends Germany-UAE Business Forum
UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan has attended the Germany-UAE Business Forum in Munich, as part of his state visit to Germany.
Al Maktoum International Airport to open second runway in 2027
Al Maktoum International Airport (DWC) will open a second runway in 2027, marking a "new milestone", confirmed Dubai Airports CEO, Paul Griffiths, adding that it will eventually have five runways once fully completed with capacity for up to 260 million passengers a year.
UAE to strengthen position in BRICS at upcoming summit
The UAE aims to expand its economic and trade partnerships at the upcoming 18th BRICS summit as a full member since 2024.
UAE retailers trial dirham-pegged Stablecoin payments
Shoppers at two major retail outlets in the UAE can now pay using dirham-pegged stablecoin as part of a pilot.
His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Deputy Prime Minister, has approved an official of the rank of Director-General as the first recipient of the Mohammed bin Rashid Leadership Medal.
Dr Anwar Gargash, diplomatic advisor to the UAE president, on Sunday said the meeting between Abu Dhabi Crown Prince His Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan and Iranian President Dr Masoud Pezeshkian reflects the UAE's stance of "deterrence and diplomacy".
The UAE has strongly condemned the drone attack on Saudi Arabia's East-West oil pipeline in the Riyadh and Medina regions.
