Breaking News
Oil
UAE: Why petrol prices are likely to drop in May 2025
As a result of the US tariff dispute and fears of a global economic downturn, petrol prices in the UAE are set to decrease in May 2025 after considerably dropping in April 2025. In early April, the Brent price fell to $62.8 per barrel and stayed
Read More
Dubai foils attempt to smuggle 1.2 tonnes of drugs
The authorities in Dubai Customs intercepted the smuggling of 1.2 tons of psychotropic drugs. Specialised teams detected the shipment of substances as they moved through the emirate's airport using state-of-the-art security
Read More
UAE is producing near its maximum oil capacity: Minister of Energy
The UAE Minister of Energy and Infrastructure clarified some points about oil production in the country on Monday. “I would like to clarify that the UAE is producing near to our maximum production capacity based on its current OPEC+
Read More
tanker towed to Iran for necessary repairs, says Tehran
Tanker Riah's last known position was off Qeshm Island in the Strait of Hormuz. Iran's foreign ministry spokesman said on Tuesday that
Read More
Construction sector drives Dubai's growth to nearly 4-year high
Dubai's non-oil economic growth picked up in the second quarter of 2019, reaching nearly four-year high, which would result in the emirate's
Read More
Report: Abu Dhabi's GDP to Grow 2.5 Percent over 2019-2022
Abu Dhabi’s economic growth will average 2.5 per cent over 2019-2022, said S&P Global Ratings in a new report, forecasting a gradually
Read More