Dubai’s non-oil foreign trade hit AED 647 billion during the first half of this year, with the total volume of trade rising 17%. According to figures released by Dubai Customs, the surge was largely driven by imports which exceeded AED 400 billion. China, India, the US and Saudi Arabia were some of the emirate’s major trading partners. Phones led the list of top-traded commodities, followed by precious stones, vehicles and petroleum products.
ADNOC L&S completes acquisition of 80% stake in Navig8
ADNOC Logistics and Services plc on Wednesday announced the completion of its acquisition of an 80 per cent stake in Navig8 for $1.04 billion (AED3.8 billion), with a contractual commitment to acquire the remaining 20 per cent in mid-2027.
Donald Trump announces $20 billion Damac US investment
Donald Trump has announced a $20 billion (AED 73.4 billion) investment from Damac Properties to build data centres across the United States.
Meta elects UFC CEO Dana White, two others to board
Meta Platforms has elected three new directors to its board, including Dana White, CEO of Ultimate Fighting Championship (UFC) and close friend of President-elect Donald Trump.
Abu Dhabi launches new Registration and Licensing Authority
Abu Dhabi launched Abu Dhabi Registration and Licensing Authority (ADRA) on Monday, aiming to further enhance and regulate the business sector across the emirate.
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The Rock and Chris Evans: A Christmas Surprise!
The boys tried their 'pick up' lines on Mais Vault and things did not go according to plan...
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