UAE economy News

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• Global Oil Prices Surge Five Percent to 95 Dollars Amid Collapsing Middle East Ceasefire

  Published: Apr 21, 2026

  Section: Africa

  Brent crude climbed to 95.10 dollars per barrel following the U.S. seizure of an Iranian cargo ship and the looming expiration of a two week ceasefire. President Donald Trump has i...

• Abu Dhabi Borouge Petrochemical Facility Suspended Following Fires Sparked By Falling Interception Debris

  Published: Apr 5, 2026

  Section: Middle East

  Operations at the Borouge petrochemical plant in Abu Dhabi have been halted after falling debris from a military interception ignited fires at the site. Local authorities confirmed...

• Dubai’s Luxury Retail Sector Faces Steep Decline as Regional Conflict Deters Global Tourists

  Published: Apr 2, 2026

  Section: Middle East

  The month-long military conflict between the United States and Iran has severely impacted Dubai’s high-end retail industry, with analysts projecting a 50 percent drop in regional l...

• Abu Dhabi Enforcement Campaign Yields 454 Penalties and Orders Price Freeze to Protect Consumer Purchasing Power

  Published: Mar 12, 2026

  Section: Global Economy

  The Abu Dhabi Department of Economic Development has conducted over 700 market inspections across the emirate to curb unauthorized price hikes during the current regional economic...

• Dubai Luxury Real Estate Market Defies Regional Instability with Record AED 422 Million Penthouse Sale

  Published: Mar 12, 2026

  Section: Middle East

  The sale of a high-end residence at Aman Dubai for AED 422 million has marked the third-most expensive apartment transaction in the city's history. Despite escalating geopolitical...

• Dubai Commercial Real Estate Transactions Reach 11-Year Peak as Office Sales Surpass $3.6 Billion Milestone

  Published: Feb 25, 2026

  Section: Business

  The Dubai office market has experienced its most significant growth in over a decade, with sales transactions hitting a record $3.6 billion in 2025. Rental rates in prime business...