Tumbling oil prices could see record budget losses for the UAE and Saudi Arabia this year. Prices have hit lower than $40 a barrel, which has put pressure on GCC governments. However, Marios Maratheftis, Global Chief Economist at Standard Chartered expects prices to come up in 2016 due to a limit in oil supplies.
Al Maktoum International Airport to open second runway in 2027
Al Maktoum International Airport (DWC) will open a second runway in 2027, marking a "new milestone", confirmed Dubai Airports CEO, Paul Griffiths, adding that it will eventually have five runways once fully completed with capacity for up to 260 million passengers a year.
UAE to strengthen position in BRICS at upcoming summit
The UAE aims to expand its economic and trade partnerships at the upcoming 18th BRICS summit as a full member since 2024.
'The Yard' to become Palm Jebel Ali’s first retail, lifestyle hub
Dubai Retail has announced The Yard, set to become Palm Jebel Ali’s first retail and lifestyle destination.
Apple debuts passport-shaped foldable phone Duo
Apple on Wednesday unveiled a foldable phone called Duo, introducing the biggest change in years in the company's flagship product.
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