Economy

Oil prices fell on Thursday, giving up some of the previous session’s gains. Brent crude futures declined to US$114.50 a barrel, while US West Texas Intermediate (WTI) crude futures fell to US$101.74 a barrel, after both benchmarks rose in the previous session.

 Abu Dhabi Airports has welcomed the launch of new Air India Express services connecting Zayed International Airport (AUH) with Amritsar, alongside the relaunch of direct flights to Goa (GOX). Both routes commenced operations on 25 October and operate three times weekly, further strengthening air connectivity between Abu Dhabi and India. …

Dr. Ali Rashid Al Nuaimi, Chairman of the Defence, Interior and Foreign Affairs Committee of the Federal National Council (FNC), participated in a meeting of the Chairpersons of the International Affairs Committees of the parliaments of BRICS member and partner countries, held in New Delhi, India. In his address, Dr. …

Abu Dhabi Future Energy Company PJSC – Masdar has issued the first blue bond in its US$6 billion Global Medium Term Note Programme. The US$600 million five-year tenor bond is rated AA- by S&P and Fitch, making it the highest-rated public blue bond issued globally to date by a corporate. …

 Alpha Dhabi Holding PJSC, an Abu Dhabi-based investment holding company, today announced that it has signed an agreement to commit US$1 billion (approximately AED3.67 billion) to Alpha Wave III, a global investment fund managed by Alpha Wave Global. The commitment advances Alpha Dhabi’s strategy by providing diversified exposure to artificial …

South Korea posted the second-largest current account surplus among major economies in the second quarter, surpassing the combined surpluses of Germany and Japan, central bank data showed. The country’s current account surplus reached US$116.63 billion in the April-June period, trailing only China’s $193.72 billion, Yonhap News Agency reported. Germany ranked …

Oil prices fell on Monday after surging to near six-month highs late last week. US crude futures were down US$2.14, or 2.07 percent, at US$101.13 per barrel by 02:32 GMT. Brent crude futures were down US$2.12, or 1.82 percent, at US$114.60. Prices had settled nearly US$3 higher on Friday. Brent …

The United Arab Emirates strengthened its presence in the global economic and financial system through its participation in the 2026 Annual Meetings of the International Monetary Fund (IMF) and the World Bank Group, held in Bangkok, Thailand, from 12 to 18 October. The meetings featured a series of bilateral discussions, …

Dr. Thani bin Ahmed Al Zeyoudi, Minister of Foreign Trade, said that the Comprehensive Economic Partnership Agreement (CEPA) signed today between the United Arab Emirates and the Republic of Benin is expected to increase UAE exports to Benin by more than USD 1 billion by 2033, while boosting Benin’s exports …

China on Thursday unveiled revised administrative measures for outbound investment, aiming to provide stronger institutional safeguards for its development and security. The measures, released by the National Development and Reform Commission, China’s top economic planner, will take effect on 1st December 2026, replacing the existing rules enacted in 2017, Xinhua …