Business - Emirates 24|7

The team of experts from the European Food Security Crisis Preparedness and Response Mechanism (EFSCM) held a meeting today to assess developments in the Middle East and their potential impact on the agricultural and food sector within the Union. The meeting took place within the framework of the E

Dubai’s luxury real estate market reached a historic milestone on Thursday with the registration of a record-breaking off-plan apartment sale valued at AED356.2 million. According to official data from the Dubai Land Department (DLD), the ultra-luxury unit is located within the prestigious "Aman Re

The Annual General Meeting (AGM) of the Emirates Central Cooling Systems Corporation PJSC (Empower), held with a quorum of 85 percent of the company’s paid-up share capital, approved the Board of Directors’ proposal to distribute cash dividends of AED437.5 million (4.375 fils per share equivalent t

Britain’s economic growth prospects received the sharpest downgrade of any major economy in the OECD’s interim forecast update on Thursday, following the US war on Iran, while inflation is projected to rise faster than previously anticipated. The Paris-based international body cut its 2026 forecast

The U.S. dollar surrendered recent gains during Asian trading on Thursday as investors sought clarity on potential de-escalation in the Middle East conflict and scaled back expectations for further U.S. interest rate hikes. Amid persistent geopolitical uncertainty, the dollar index—which measures t

 Dr. Sultan Ahmed Al Jaber, Minister of Industry and Advanced Technology, ADNOC Managing Director and Group CEO, and Executive Chairman of XRG, has received the 2026 Distinguished Global Leadership Award from the Washington DC-based Middle East Institute (MEI) and dedicated the recognition to Presi

Suhail Mohamed Al Mazrouei, Minister of Energy and Infrastructure and Chairman of the Supply and Transport Committee, affirmed that the transport system and supply chains in the UAE continue to operate efficiently and regularly within an integrated framework characterised by resilience and readines

Mubadala Energy, the Abu Dhabi-headquartered international energy company, on Thursday announced the award of the Southwest Andaman exploration Production Sharing Contract (PSC) under Indonesia 's Gross Split scheme. The block was awarded by Direktorat Jenderal Minyak dan Gas Bumi (DG MIGAS) as par

Dubai Chambers has hosted a meeting with senior representatives from the Confederation of Indian Industry (CII) to enhance trade and investment flows between Dubai and India. During the meeting, the two sides agreed to develop a joint action plan aimed at broadening business partnerships across a r

The Central Bank of the United Arab Emirates (CBUAE) has seen its gold reserves rise by 13.6 percent in January 2026 to a new record of AED43.051 billion at the end of the month, compared to AED37.902 billion at the end of December 2025, an increase of AED5.149 billion, according to the bank’s mont

Dubai has achieved its highest ever ranking in the Global Financial Centres Index (GFCI), climbing to seventh place globally, underscoring the emirate’s accelerating rise as one of the world’s most influential financial hubs and its importance in the global financial system. This remarkable achieve

Dubai Municipality reported strong performance indicators in the building and construction sector during the first quarter of 2026, reflecting sustained development momentum across the emirate and a highly attractive investment environment that continues to reinforce Dubai’s position as a leading g