The US dollar has slumped with next week’s presidential election result increasingly looked too close. With some polls showing Donald Trump gaining ground, the dollar is now at a three-week low versus the euro and a 12-day low versus the Japanese yen. The uncertainty has resulted in the fuelling in demand for perceived havens like the yen.
UAE's GDP grows by 3% to AED485 billion in first quarter of 2026
The UAE's real gross domestic product grew by 3 per cent in the first quarter of 2026 to reach AED485 billion, reflecting the resilience of the national economy despite the regional challenges.
Ministry of Finance allows use of 'Aani', 'Jaywan' to pay fees and fines
The Ministry of Finance has become the first federal entity to allow the use of 'Aani' and 'Jaywan' to pay federal service fees and fines.
OPEC+ agrees September oil production increase
OPEC+ has agreed to increase oil production by around 188,000 barrels a day from September, completing the rollback of voluntary output cuts introduced in 2023.
UAE, Egypt agree on phased expansion to boost air connectivity
The UAE and Egypt have agreed to establish a phased framework for the gradual expansion of air services between the two countries to meet growing demand for passenger traffic, create new opportunities for airlines and further boost economic ties.
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