Kuwait Oil Company $16 billion pipeline lease opens door to global capital
The $16 billion pipeline lease signed by Kuwait Oil Company gives three of the world’s biggest investors a share of the oil arteries that have carried Kuwaiti crude for decades. Kuwait Petroleum Corporation announced the agreement on Saturday. Its subsidiary, KOC, leases usage rights to all 13 of its pipelines into a newly formed Kuwaiti […]
Buy Now Pay Later Data From Tabby and Tamara Enters UAE Credit Reports
Buy Now Pay Later records from Tabby and Tamara will enter UAE credit reports from July 2026, changing how lenders read the finances of people who split payments into instalments, WAM announced today. Etihad Credit Bureau, the federal body that oversees credit information in the country, said the accounts of both current and new customers […]
Kuwait $6 billion bond sale pulls in triple demand from global investors
The Kuwait $6 billion bond sale closed this week with an order book the finance ministry calls one of the largest for a multi-tranche sovereign deal in 2026. Three tranches went out. Investors took $3 billion in three-year paper, $1.5 billion in five-year notes and $1.5 billion at 10 years. Final spreads landed at 70, […]
FTA VAT refund for UAE nationals climbs to Dhs353.5m in H1 2026
The VAT refund for UAE nationals building new homes reached Dhs353.5 million in the first half of 2026, the Federal Tax Authority confirmed. About 4,000 applications won approval in that period. Each covered VAT paid during construction of a private residence. The prior year set a lower base. In H1 2025, the authority approved 3,100 […]
China moves against Hormuz’s oil price shocks with electric taxi power
China moves against Hormuz’s oil price shocks by leaning on a growing electric taxi fleet. Across big cities, you now see more riders picking cabs over their own petrol cars. People took 3.05 billion trips in May, a 6% rise since the Iran war. Fares keep falling even while pump prices climb steadily across the […]
Dubai’s total diamond trade reached a new all-time high at $41.7 billion
Dubai’s total diamond trade reached a new all-time high during 2025 across every major category. Official figures from Dubai Customs place the yearly diamond total at 41.7 billion dollars overall. This result beats the earlier record of 40.9 billion dollars set back in 2011. Traders also moved 359.5 million carats, a volume rising 42.5 percent […]
$49 billion AI fund by Abu Dhabi’s MGX closes above its $45 billion target
$49 billion AI fund by Abu Dhabi’s MGX closed this week above its original target. The firm set out to raise $45 billion and finished the round with $49 billion. Investors from the Gulf, North America, Asia, and Europe supplied the new pool of capital. MGX said the fund gives backers exposure across the whole […]
OPEC+ Oil Output Increase Lifts August Targets As Hormuz Exports Recover
OPEC+ oil output increase decisions advanced on Sunday as the group lifted August production targets again. Seven core producers agreed to add 188,000 barrels each day to global markets from August. This latest move matches similar increases the group approved earlier for both June and July. Falling oil prices today shaped the decision as the […]
Abu Dhabi Fund for Development strategic investments reach AED562 million
Abu Dhabi Fund for Development’s strategic investments reached AED562 million across six high-impact projects in 2025. These investments support healthcare, education, food security, and economic development across several emerging markets. The fund spread its capital across India, Vietnam, Indonesia, and Uzbekistan during the year. You can see how these projects target essential services in underserved […]
Abu Dhabi’s economic licence growth reaches 21% in first quarter of 2026
Abu Dhabi’s economic licence growth reached 21 percent during the first quarter of 2026. The figure compares against the same three-month period recorded across the emirate one year earlier. Officials at the Abu Dhabi Registration Authority (ADRA) released the new data this week. These numbers show strong demand for new economic licences that Abu Dhabi […]
AD Ports integrated logistics services to connect Khalifa Port to Umm Qasr
AD Ports’ integrated logistics services now link Khalifa Port with Umm Qasr Port in Iraq. The new route carries growing container and Ro-Ro cargo between these two busy ports. You now gain a direct weekly shipping service connecting the UAE with key Iraqi markets. AD Ports Group built this route to support trade across the […]
Dubai Chamber of Digital Economy Supports 32 New Apps Through Accelerator
Dubai Chamber of Digital Economy supported the launch of 32 new mobile applications this year. The achievement came through the Create Apps Accelerator Programme, a focused support track for founders. This programme sits within the wider Create Apps in Dubai initiative led by the chamber. If you follow regional tech news, you know Dubai keeps […]