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Daily news on business and economy in the United Arab Emirates

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Last update: 6 hours ago

Nuclear Security Shock: A drone strike triggered a fire near Abu Dhabi’s Barakah nuclear power plant, hitting an electrical generator outside the inner perimeter; UAE officials say there were no injuries and no impact on radiological safety, while investigations continue and Kuwait and Jordan condemned the attack. US-Iran Deadlock: The same day, the US and Iran stayed far apart on reopening the Strait of Hormuz, as Trump warned Iran the “clock is ticking” and officials prepared talks plus possible military options. Trade Resilience: Dubai Customs’ UAE-Oman “Green Corridor” is already showing results, with customs declarations jumping from 12,000 in March to nearly 100,000 in April and cargo value rising from AED1bn to over AED8bn. Anti-Fraud Push: China, US and UAE police ran their first joint operation in Dubai, dismantling nine telecom fraud dens and arresting 276 suspects. Real-Estate Tech: Etihad Credit Bureau launched consent-based tenant screening via UAE PASS, letting landlords request credit scores securely. Infrastructure Update: Dubai’s Al Khaleej Street Tunnel is 80% complete, aiming to cut travel times dramatically once opened.

Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result.

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UAE says its decision to leave OPEC was a strategic economic move, not a political one

UAE says its decision to leave OPEC was a strategic economic move, not a political one

Abu Dhabi’s entrepreneurship drive trains youth to think like leaders

Abu Dhabi’s entrepreneurship drive trains youth to think like leaders

Abu Dhabi activates paid parking system in 3,921 parking lots in Musaffah

Abu Dhabi activates paid parking system in 3,921 parking lots in Musaffah

President Ilham Aliyev received Minister of Energy and Infrastructure of the United Arab Emirates -

President Ilham Aliyev received Minister of Energy and Infrastructure of the United Arab Emirates -


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14 hours ago

UAE ESG Disclosure Requirements Are Driving a Shift Toward Formal Sustainability Reporting Across the Gulf

EIN Presswire

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11 hours ago

New York’s Climate Disclosure Push Is Increasing Pressure on Financial Institutions and Multistate Corporates

EIN Presswire

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13 hours ago

ApexQuant Announces Launch of Trading Technology Company Focused on Institutional-Style Trading Software for Private Market Participants

GlobeNewswire, Inc.

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12 hours ago

Yanik Guillemette: Canada’s Employment Crisis and Cost-of-Living Collapse Signal Urgent Need for Economic Realignment

GlobeNewswire, Inc.

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14 hours ago

US Companies Are Moving Beyond Annual ESG Reporting Toward Continuous Climate Data Management

EIN Presswire

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May. 16, 2026

XYRA AI Launches AI-Powered Accounting & Finance Platform to Revolutionize B2B Financial Management in the UAE & Beyond

EIN Presswire

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