UAE economy News
Latest articles and news about UAE economy on AXL Media.
Latest Articles
- 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...