The price of oil is set for a correction by the end of the year, according to the UAE Energy Minister. Speaking in Abu Dhabi, Suhail Mohammad Faraj Al Mazrouei said that he believes the current prices are forcing everyone to ‘freeze.’ It's reported that oil has lost over 65% of its value since highs of $115 per barrel in June 2014, due to a glut of supply. The minister added: “It does not make any sense for anyone to increase the production at the current prices.”
IATA: Aviation sector contributes $92 billion to UAE economy
A new study from the International Air Transport Association (IATA) has revealed that aviation and related tourism contributed $92 billion (AED 337.9 billion) to the UAE’s economy in 2023, making up 18.2 per cent of the country’s GDP.
Nvidia faces $5.5 billion charge as US restricts chip sales to China
Nvidia said it would take $5.5 billion (AED 20 billion) in charges after the US government limited exports of its H20 artificial intelligence chip to China, a key market for one of its most popular chips.
Chinese exporters on Rednote ask local consumers to buy goods meant for US
Chinese sellers of items from lunch boxes to appliances have taken to social media platform Rednote to generate sympathy purchases, telling domestic consumers they are offloading stock at bargain prices amid US tariffs.
UAE, Japan boost energy and trade ties during ministerial talks
The UAE and Japan have wrapped up their second Ministerial Meeting under the Comprehensive Strategic Partnership framework.
dnata handles over 1 million tonnes of cargo in Dubai in one year
dnata has reached a significant milestone, handling over 1 million tonnes of cargo in Dubai between April 2024 and March 2025, the highest volume ever processed by the company in a 12-month period.
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UAE President Sheikh Mohamed Bin Zayed Al Nahyan’s visit to the US to boost economic and technology ties including AI.
Apple Inc. shares fell Monday after a closely followed analyst warned that demand for the firm’s new iPhone 16 Pro model has been lower than expected. Is this a sign that the AI software just isn’t ready?
Does working from home kill productivity or can it benefit staff by giving them more flexibility and a better work/life balance?
Dubai’s current population is more than double compared to almost twenty years ago, which now stands at 3.7 million. Lots of families are also moving to the UAE now. So what does it mean for the property market?
Glory Ehirim Nkiruka is Noon’s first ever female delivery driver. In her first ever interview, she explained why she loves her job, despite the heat!
