Uae

Finance & Capital Market

Bahrain's CBB keeps overnight interest rate unchanged at 4.25%

Wed, 17 Jun 2026

The Central Bank of Bahrain (CBB) has announced its decision to maintain the overnight deposit interest rate unchanged at 4.25%. This comes following a review by CBB to maintain the kingdom's monetary and financial stability in the light of global financial market developments.

Energy, Oil & Gas

Egypt, UAE strengthen energy ties with new investment talks

Wed, 17 Jun 2026

Egypt and the UAE have discussed expanding energy cooperation, focusing on increased Emirati investment in petroleum, aviation fuel, and exploration activities, alongside plans to establish a joint working group to advance sector opportunities.

Finance & Capital Market

UAE VAT and excise tax collection jumps 15% in 2025 to $12.53bn

Tue, 16 Jun 2026

The UAE Ministry of Finance (MoF) announced that the total revenues collected from Value Added Tax (VAT) and Excise Tax and distributed to the federal and local governments exceeded AED46 billion ($12.53 billion) in 2025, up from approximately AED41 billion in 2024, reflecting a year-on-year increase of 15%.

Energy, Oil & Gas

Expro secures two-year UAE well testing contract

Mon, 15 Jun 2026

Expro, an energy services provider, has secured a two-year contract with a major UAE operator to deliver well testing and flowback services for unconventional wells, including surface testing, equipment supply, and operational support.

Construction & Real Estate

UAE midday outdoor work ban begins today

Mon, 15 Jun 2026

The UAE today begins implementing its midday break (occupational heat stress prevention policy) which prohibits outdoor work under direct sunlight daily from 12:30 pm to 3:00 pm.

Finance & Capital Market

UAE denies media reports on transfer of funds to Iran

Sun, 14 Jun 2026

The United Arab Emirates has categorically denied reports published by certain international media outlets alleging the transfer of funds from the UAE to Iran, including allegations concerning $3 billion.

Industry, Logistics & Shipping IT & Telecommunications

UAE to set up new data, artificial intelligence authority

Sun, 14 Jun 2026

The UAE has announced plans to set up a national body responsible for data, artificial intelligence and digital government in the country. The move is aimed at improving the quality of life, thereby strengthening the nation's competitiveness and global leadership in the digital economy.

Travel, Tourism & Hospitality

UN Tourism Council picks UAE for next Executive Meeting

Sun, 14 Jun 2026

The UAE, led by Abdulla Al Marri, attended the 126th UN Tourism Executive Council in Spain, reaffirming support for sustainable global tourism and securing hosting rights for the next meeting amid discussions on AI, climate action, and tourism investment.

Travel, Tourism & Hospitality

Etihad, Condor seal strategic partnership deal for new Bangkok service

Sat, 13 Jun 2026

UAE's national airline Etihad Airways has announced that it has joined hands with leading German leisure carrier Condor for the launch of a new Condor service to Bangkok from its hub in Abu Dhabi. The Emirati carrier also signed a frequent flyer agreement with Condor.

Industry, Logistics & Shipping

Tawazun expands defence partnerships at top Paris expo

Sat, 13 Jun 2026

The UAE's Tawazun Council for Defence Enablement is seeking to explore co-operation opportunities and strengthen the integration of the UAE's defence industry into global value chains during its participation at the Eurosatory 2026, a leading defence and security exhibition in Paris.