Business

The International Monetary Fund's executive board has approved an $8.1 billion, four-year loan for Ukraine on Thursday, with $1.5 billion to be disbursed immediately to help keep the government running as its war against Russia's invasion drags into a fifth year.

Paramount Skydance has emerged as the winner in a months-long battle to acquire Warner Bros Discovery, after streaming giant Netflix on Thursday refused to raise its bid for the storied Hollywood studio.

Dubai carrier flydubai has posted a strong 2025 performance driven by record revenue, passenger growth and strategic network expansion, with profit before tax reported at AED2.2 billion ($591 million).

Warner Bros Discovery has opened the door on Tuesday to Paramount Skydance after the rival bidder raised its offer to $31 per share.

Etihad Airways has reported a record AED2.6 billion profit for 2025, the strongest financial performance in its history.

Dubai’s rental sector showed strong performance throughout 2025, reflecting a stable real estate market and growing operational maturity.

The Abu Dhabi Chamber of Commerce and Industry has signed a cooperation agreement with the US Chamber of Commerce to enhance investment opportunities, exchange expertise, and strengthen communication channels between the business communities of Abu Dhabi and the United States.

India has delayed plans to send a trade delegation to Washington this week, chiefly because of uncertainty after the US Supreme Court struck down tariffs imposed by President Donald Trump, a source in its trade ministry said on Sunday.

The UAE's gross domestic product (GDP) grew by 5.1 per cent in the first nine months of 2025, reaching around AED 1.4 trillion.

Bill Gates pulled out of India's AI Impact Summit hours before his scheduled keynote address on Thursday, dealing another blow to a flagship event already marred by organisational lapses, a robot row and delegate complaints over traffic disruptions.

UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan has issued a Federal Decree appointing Abdulaziz Mohammed Faraj Al Mulla as Director General of the Federal Tax Authority, with the rank of Ministry Undersecretary.

Abu Dhabi’s Crown Prince His Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan has arrived in India to attend the AI Impact Summit, taking place in New Delhi.

Uber plans to roll out its delivery business into seven new European countries this year, as tech groups ramp up their efforts in the multibillion-euro food-delivery market, the Financial Times reported on Sunday.

UAE authorities have stepped up market monitoring and supply chain coordination ahead of Ramadan to ensure adequate supplies of essential goods and stable prices.

In his capacity as Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE, has issued a decree appointing Abdulla bin Damithan as Chairman of the Ports, Customs and Free Zone Corporation (PCFC).

DP World has announced new leadership appointments, naming Essa Kazim as Chairman of the Board of Directors and Yuvraj Narayan as Group Chief Executive Officer.

Hundreds of Lufthansa flights were cancelled on Thursday as pilots and flight attendants went on strike at Germany's largest airline, which has for years struggled to rein in costs at its core brand.

Dubai Holding has sold its 24 per cent shares in Emirates Central Cooling Systems Corporation (Empower) to Dubai Electricity and Water Authority (DEWA) for AED 5.184 billion, increasing DEWA's shareholding from 56 per cent to 80 per cent.

Dubai International (DXB) has welcomed 95.2 million guests in 2025, marking the busiest year in the airport’s history and the highest annual international passenger traffic ever recorded by any airport.

Dubai Chambers has unveiled DC Connect, a digital platform that brings all the chambers' services together in one easy‑to‑use portal.

The UAE’s industrial exports reached a record AED 262 billion in 2025, marking a 25 per cent growth year-on-year and more than doubling since the Ministry of Industry and Advanced Technology was established in 2020.

Dubai residents can now access electricity and water services by asking questions through ChatGPT, after Dubai Electricity and Water Authority (DEWA) expanded its customer support onto the AI platform.

The US and India have moved closer to a trade pact, releasing an interim framework that would lower tariffs, reshape energy ties and deepen economic cooperation as both countries seek to realign global supply chains.

Expo 2020 Dubai has reaffirmed its commitment to gender equality and women’s empowerment.

Expo 2020 Dubai and the United Nations Global Compact are joining forces to hold a Sustainable Development Goals Business Forum.

More than 2,500 online travel agents, tour operators, hotel groups and airlines have signed on as Authorised Ticket Resellers (ATRs) for Expo 2020 Dubai.

A spectacular line-up of sights, sounds and tastes await visitors at Expo 2020 Dubai, through a series of specially curated itineraries.

Apple on Tuesday launched the iPhone 12 with faster 5G connectivity, which the company hopes will spur a wave of upgrades and keep its sales booming through the end of the year.