Oil prices moved lower on Thursday as recovering crude exports from the Middle East eased some of the supply concerns that have kept global energy markets under pressure in recent months. Brent crude futures fell about 1.1% to $96.92 a barrel, while U.S. West Texas Intermediate (WTI) crude declined roughly 1.4% to $89.18 a barrel
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Gulf Sovereign wealth funds have become one of the most important forces shaping the Gulf’s position in the global economy. Backed by decades of energy revenues and increasingly ambitious national development strategies, Gulf states are using these investment institutions to build wealth beyond oil, acquire strategic assets, develop new industries, and strengthen economic relationships around
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The Arab world is entering a new phase of economic growth. For decades, many economies across the region were closely associated with oil, natural gas, and other traditional industries. Today, the business landscape is becoming considerably more diverse. From technology startups in the UAE and Saudi Arabia to financial services, tourism, logistics, manufacturing, renewable energy,
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The economic relationship between the United Arab Emirates and India has entered a new phase. What was already a major trading relationship has expanded significantly since the two countries implemented their Comprehensive Economic Partnership Agreement (CEPA) in 2022. In the financial year 2024-25, bilateral trade between India and the UAE crossed $100 billion, reaching $100.06
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The economic relationship between the United Arab Emirates and China is becoming broader than a traditional trading partnership. China has remained the UAE’s largest trading partner for non-oil trade, while cooperation between the two countries increasingly covers manufacturing, logistics, technology, artificial intelligence, infrastructure, renewable energy and investment. The latest figures show the scale of the
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The economic relationship between the United Arab Emirates and Africa is entering a broader phase. Trade remains an important part of the relationship, but investment is increasingly extending into infrastructure, logistics, renewable energy, agriculture, technology, digital infrastructure and manufacturing. The scale is significant. According to the UAE Ministry of Foreign Affairs, UAE-Africa Investment amounted to
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The UAE’s logistics sector is becoming more than a support system for trade. It is developing into a major part of the country’s wider business economy, connecting ports, airports, roads, free zones, warehouses and manufacturing centres. The scale of activity is already significant. The UAE’s non-oil foreign trade reached AED 1.937 trillion in the first
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Entrepreneurship is becoming a larger part of the UAE’s economic growth story. Startups and small businesses are receiving greater access to funding, business support, digital infrastructure and programmes designed to help companies move from early-stage ideas to sustainable businesses. The latest Global Entrepreneurship Monitor report provides one measure of this development. The UAE ranked first
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Sustainability is becoming an increasingly important part of the UAE’s business economy. Clean energy projects, sustainable finance, circular production and resource efficiency are creating new areas of investment while changing how companies approach long-term growth. The shift is backed by significant capital and infrastructure. The UAE’s installed renewable energy capacity has exceeded 7.7 gigawatts, while
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Dubai tourism industry is becoming an increasingly important part of the emirate’s wider business economy. Visitor numbers remain high, hotels are operating at significant occupancy levels, and investment in hospitality continues to expand the city’s capacity. The latest figures from the Dubai Department of Economy and Tourism show that Dubai welcomed 6.97 million international overnight
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