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Oil set for 21% gain as war disrupts flows

Oil prices headed for their strongest monthly advance in years on Friday as the war involving the United States and Iran disrupted Middle Eastern supplies, raised shipping costs and intensified concerns over the security…

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ADNOC backs major Umm Shaif gas expansion

ADNOC has approved a $6.2 billion investment to develop the Umm Shaif Gas Cap, advancing Abu Dhabi’s plans to raise natural…

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Dubai rejects report of Downtown explosions

Dubai authorities have dismissed as false a report claiming explosions were heard in the Downtown district, urging the public to rely…

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US eases technology and defence exports to UAE

The United States has sharply loosened export controls on the UAE, opening wider access to advanced artificial intelligence chips, military equipment,…

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Washington keeps Iran talks alive after strikes

The United States says technical negotiations with Iran are continuing despite renewed military strikes that have weakened a fragile ceasefire and…

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Mercato opens free giant slide for summer

Mercato Shopping Mall has opened a giant indoor slide for children and adults, offering visitors a free attraction throughout the Dubai…

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Gulf bases hit as US-Iran clashes widen

Iran fired missiles and drones at US military-linked facilities in Bahrain and Kuwait after a new wave of American strikes on…

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ADX frees ETF and futures pricing

Abu Dhabi Securities Exchange Group will remove daily price limits on exchange-traded funds and futures contracts from 3 August 2026, marking…

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ADIA backs Luxshare’s major Hong Kong listing

Abu Dhabi Investment Authority has joined a large group of cornerstone investors in Luxshare Precision Industry’s Hong Kong share sale, giving…

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Gulf bank resilience hinges on Tehran talks

Gulf banking systems remain well placed to absorb near-term shocks from the US-Iran conflict, but their credit strength is now tied…

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Luxury flats reshape Dubai housing boom

Dubai’s top-end apartment market has moved from a narrow niche into a major source of residential sales value, as buyers increasingly…

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ADIA backs Luxshare’s Hong Kong float

Abu Dhabi Investment Authority has emerged as a cornerstone investor in Luxshare Precision Industry’s planned $3.1 billion Hong Kong listing, giving…

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Most UAE expats under-insured, reveals survey

Seven in 10 expatriates living in the UAE were found to have insufficient life insurance cover during comprehensive financial reviews conducted…

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DIFC growth lifts Dubai finance rank

Dubai’s financial regulator recorded another year of strong licensing activity in 2025, as the emirate’s financial centre crossed 1,000 regulated entities…

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ITOCHU backs Sirius aviation growth

Japan’s ITOCHU Corporation has taken a strategic stake in Abu Dhabi-based Sirius Aviation Capital Holdings, strengthening the emirate’s position as a…

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Investcorp takes control of Smart

Investcorp has agreed to acquire a majority stake in Smart Managed Solutions, a London-based mechanical and electrical facilities management specialist, in…