The UAE enters the final phase of summer as Al Kulaybin and Suhail signal a gradual seasonal transition, while hot weather is expected to continue through August.
The UAE encourages its richest families to create formal governance and family offices to manage $1 trillion in assets and prevent succession disputes.
ADX attracts AED8.54bn in foreign capital in Q1 as new trading systems, ETFs, and tech-driven reforms position it as a top financial hub amid global volatility.
In a strategic move to counter Chinese influence, the UAE and India have joined Sri Lanka to develop a major energy hub in Trincomalee, expanding Abu Dhabi’s Indian Ocean footprint and offering Colombo critical post-crisis investment and fuel access.
Amid plunging oil prices and global energy tensions, Secretary Chris Wright will kick off a two-week trip to the UAE, Saudi Arabia and Qatar to push for increased production, assess nuclear cooperation, and align Gulf partners with Washington’s evolving energy strategy.
UAE oil sector growth slowed in March 2025 as the PMI fell to 54.0, the lowest in six months. New orders and job growth declined, but purchasing activity remained strong.
South Africa’s Absa Group is forming a team in Dubai to launch operations in 2026. The bank aims to boost African-Gulf investment ties, focusing on sectors like infrastructure and energy.
The European Commission will decide by May 12, 2025, on ADNOC’s takeover of Covestro, a €15.9 billion deal that could reshape the global chemicals industry and expand ADNOC’s high-tech materials portfolio.