Business | Latest News | May 2026 News | UAE
Dubai Electricity and Water Authority Reports Record Q1 2026 Revenue and Profit
DEWA announces record revenue of AED 6.45 billion for Q1 2026, driven by strong demand and operational excellence.
-
-
Business | Latest News | May 2026 News | UAE
Raya Contact Center Reports 22.7% Increase in Q1 Net Profit
Raya Contact Center’s net profit rises 22.7% in Q1 2026, reflecting strong revenue growth.
-
Business | Latest News | May 2026 News | UAE
Nasdaq Hits New Record High as AI Chip Stocks Surge Despite Global Tension
The Nasdaq Composite Index climbed to a record-breaking 26,274.13 on Monday, gaining 0.10%. Despite a shaky start caused by rising oil prices and political tension between the US and Iran, the tech-heavy index was pushed higher by a surge in AI-related stocks. This marks the sixth week in a row that the Nasdaq has moved…
-
Business | Latest News | May 2026 News | UAE
UAE and Syria Launch First Investment Forum to Boost Economic Ties
Damascus recently hosted the inaugural UAE-Syria Investment Forum, marking a significant step in strengthening economic cooperation between the two nations. Led by UAE Minister of State for Foreign Trade, HE Dr. Thani bin Ahmed Al Zeyoudi, the delegation aimed to explore new partnerships across vital sectors like energy, logistics, and technology. Historic Forum: The first…
-
UN Chief Calls for Global Reform and Expands Nairobi Headquarters
UN Secretary-General António Guterres has officially launched a major expansion of the United Nations Office in Nairobi (UNON). Alongside Kenyan President William Ruto, Guterres called for a fundamental shift in global power, demanding that African nations receive a permanent seat on the Security Council and fairer treatment from international financial institutions. Infrastructure: A $340 million…
-
Trump Rejects “Unacceptable” Iranian Response as Middle East Tensions Rise
The Trump administration has officially rejected a response from Iran regarding U.S. proposals to end the current conflict and reopen the Strait of Hormuz. Delivered through a Pakistani mediator, the response was labeled “totally unacceptable” by President Donald Trump. This development halts hopes for a diplomatic breakthrough and raises the risk of renewed military escalation…
-
Trump Slams Kurds Over Iran Policy; Claims Weapons Shipments Withheld
Donald Trump has launched a scathing verbal attack on Kurdish groups, accusing them of failing the United States in its efforts to support protesters inside Iran. The former president claimed that weapons intended for unarmed Iranian demonstrators were instead kept by Kurdish forces for their own use. The Accusation: Trump claims Kurdish forces withheld shipments…
-
Dubai RTA Expands ‘Bus on Demand’ Service to Four New Areas
The Roads and Transport Authority (RTA) in Dubai has officially expanded its “Bus on Demand” service to four additional neighborhoods. Residents in Al Qusais, Jumeirah Village Circle (JVC), Al Warqaa, and Dubai Investment Park (DIP) can now access this flexible, app-based transit solution. This move is part of Dubai’s broader strategy to enhance “first and…
-
Dubai Media Council Opens Applications for 2026-2027 Mohammed bin Rashid Media Scholarship
The Dubai Media Council has officially opened registration for the fourth edition of the Mohammed bin Rashid Scholarship for Emirati Media Students. This initiative offers high-achieving UAE high school graduates a full scholarship to study at the prestigious Mohammed bin Rashid School for Communication (MBRSC) at the American University in Dubai for the 2026-2027 academic…
-
Trump Rejects Iran Peace Proposal as Ceasefire Hits “Life Support”
President Donald Trump labels Tehran’s response to a peace deal as “stupid,” hinting at a return to military action while Pakistan attempts to mediate.
