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United Arab Emirates

June 26, 2026

Abu Dhabi 5:40 pm

33°C

A worker at a market for fuel oil and automotive fuel on March 17, 2026, in Erbil, Iraq.

Explainer

After UAE and Qatar, could Iraq be next to leave OPEC?

Iraq is seeking a higher production quota as the effective closure of the Strait of Hormuz has slashed oil revenues and plunged the country into a fiscal crisis.

Latest News

Interview

Franco-Gulf investment holds firm despite Iran war, French official says

French Trade & Invest Commissioner for United Arab Emirates and Middle East and Business France's regional director for the Middle East Axel Baroux. — Business France

Axel Baroux

France’s trade and investment commissioner for the UAE and Middle East

Samuel Wendel

Senior Market Research Analyst

In Washington, DC, reporting on regional business and tech

Adam Lucente

News and Business Correspondent

In New York City, reporting on regional news, militancy, climate change

Jack Dutton

Chief Business Correspondent

In Bristol, reporting on regional business, climate change, AI, tech

Sabena Siddiqui

In Karachi, reporting on South Asia, Middle East, Iran

Vanessa Ghanem

In Dubai, reporting on business, energy and politics

Mohammed Soliman

In Washington, DC, reporting on Gulf politics

Analysis

As Carrefour retreats in Mideast, can new Gulf superstore brand advance?

Amid rising competition and consumer boycotts of Western companies, UAE-based Majid Al Futtaim has begun pulling French retailer Carrefour from Middle East markets and rebranding outlets under a new name: HyperMax.

Samuel Wendel

By Samuel Wendel

In Washington, DC, reporting on regional business and tech

Nvidia

Nvidia, UAE's TII launch Mideast's first joint AI, robotics lab in Abu Dhabi

Abu Dhabi’s Technology Innovation Institute said the new lab would be a “first-of-its-kind hub in the region for developing next-generation AI models, robotics platforms and humanoid technologies that will accelerate innovation across industries.”

United Arab Emirates

Kuwaiti traders follow the stock market activity at Boursa Kuwait, in Kuwait City on April 7, 2025.

Middle East debt issuance near $200B record amid September borrowing surge

A borrowing boom driven by Saudi Arabia and Turkey arrives amid a broader wave of issuances in 2025, underlining the Middle East’s status as one of the busiest and most resilient players in international debt markets.

GIUSEPPE CACACE/AFP via Getty Images

Trump’s tariffs push India closer to UAE as non-oil trade soars 34%

UAE Minister of Foreign Trade Thani bin Ahmed Al Zeyoudi says that the two countries are on track to reach $100 billion in non-oil trade by the end of the decade.

United Arab Emirates

UAE President Mohamed bin Zayed Al Nahyan meets Azerbaijani President Ilham Aliyev in Karabakh, Sept. 16, 2025.

UAE’s MBZ meets Azerbaijan's Aliyev as Abu Dhabi expands South Caucasus footprint

In July, Azerbaijan and the UAE signed an economic partnership agreement and Abu Dhabi hosted peace talks between Azerbaijan and Armenia.

United Arab Emirates

Islamabad airport

Analysis

UAE bets big on Pakistan: Abu Dhabi’s infrastructure drive for Asia influence

Abu Dhabi is making multi-pronged investments in a broad push into Pakistan’s transport and trade sectors.

Sabena Siddiqui

By Sabena Siddiqui

In Karachi, reporting on South Asia, Middle East, Iran

An Xpeng AeroHT X2 Flying Car is seen on display in Hong Kong on May 17, 2024

China-made flying car makes first test flight in UAE: What to know

The Chinese company is facing competition from a US firm that is currently developing an air taxi service in Dubai.

United Arab Emirates

Guests attend a policy dialogue on Embracing Emerging Opportunities in times of Economic Uncertainty during the 10th Belt and Road Summit in Hong Kong, China, Sept. 10, 2025.

Hong Kong inks agreements with Gulf partners at BRI Summit

Some 36 business agreements covering finance, technology, logistics, professional services and education were set to be signed at the event.

A worker fits solar panels onto frames during construction at South Africa's first municipally owned solar plant, during International World Environment Day, on June 5, 2025, in Atlantis near Cape Town.

Saudi firm to pump $700M into economic zone developer in Africa

The kingdom's Vision Invest will invest in pan-African developer Arise Integrated Industrial Platforms, which will use the funds to expand across the continent and develop green industrial ecosystems.