Economy

UAE Lab-Grown Diamond Trade Hits Record 76.9 Million Carats

Dubai's DMCC has launched a dedicated lab-grown diamond vertical after UAE trade in the sector surged 92% to a record 76.9 million carats in 2025, as the country positions itself as a global hub for synthetic diamonds.

1 month ago

Abu Dhabi Securities Exchange Market Cap Tops $762 Billion in H1

The Abu Dhabi Securities Exchange said its market capitalisation reached AED 2.8 trillion ($762.4 billion) at the end of June, as foreign investors drove a surge in new participation during the first half of 2026.

1 month ago

Abu Dhabi's XRG Enters Venezuela With Offshore Gas Licence

Adnoc's international energy arm XRG has entered Venezuela's energy sector, securing an equal-interest stake in the offshore Loran gas licence alongside bp and Qatar's UCC.

2 months ago

DIFC Surpasses 10,000 Active Companies for First Time as Dubai's Financial Hub Expands

Dubai International Financial Centre has crossed 10,000 active registered companies for the first time, with firms up 30 per cent year-on-year even as the wider Gulf economy weathered regional conflict earlier in 2026.

2 months ago

UAE Fuel Prices Rise for August, Reversing July's Dip

The UAE Fuel Price Committee has raised petrol and diesel rates for August, with Super 98 up to Dh3.60 a litre and diesel climbing to Dh3.80, effective from August 1.

2 months ago

UAE Strengthens Tax System to Support Travel, Hospitality and Retail

3 months ago

UAE Stocks Close Higher as Dubai Leads Despite Iran Talks Setback

UAE equities finished Friday in positive territory, with Dubai outpacing Abu Dhabi even as hopes for a diplomatic breakthrough between Washington and Tehran faded and oil prices eased.

4 months ago