Sunil Singh
Sunil Singh
Assistant Business Editor


The narrowing trend in Brent-WTI prices is expected to continue as long as the US remains a net oil exporter and continues to expand its pipeline capacity, analysts say. AFP
Brent-WTI price gap is shrinking, raising US influence on oil markets

The spread can have significant global implications for crude, extending all the way to the pump

July 21, 2024, 4:00 AM
The contracts aim to support growth of Aramco’s gas production, diversify its portfolio, and add significant volumes of ethane, NGL and condensate. Reuters
Aramco awards contracts worth $25bn to boost gas expansion

The contracts relate to the development of the Jafurah gas field and other projects

June 30, 2024, 4:51 PM
The FDI Development Programme aims to attract international companies and support the expansion of existing international companies with bases in Dubai. Bloomberg
Dubai announces $6.8bn in investment incentives

This is part of the FDI Development Programme that aims to attract $177 billion in FDI by 2033, in line with Dubai’s D33 economic agenda

June 30, 2024, 2:03 PM
Syed Ali, left, with myZoi co-founder Christian Buchholz. The start-up has provided payroll services, domestic transactions and cross-border transfers to nearly 1,000 users during its testing phase. Antonie Robertson / The National
How UAE's myZoi is accelerating financial inclusion

Generation Start-up: The Standard Chartered-backed FinTech company aims to connect the dots between banks and the underbanked population

June 24, 2024, 4:30 AM
An artist's impression of Al Yah 4 and Al Yah 5 satellites, which will replace Al Yah 1 and Al Yah 2, launched in 2011 and 2012, respectively. Photo: Airbus
Yahsat contracts Airbus to build Al Yah 4 and Al Yah 5 satellites

Procurement programme, including spacecraft, ground infrastructure, launch and insurance, to cost about $1.1bn

June 10, 2024, 11:38 AM
The retail tranche will be 10 per cent, with a minimum of 10 shares each, while institutional investors will account for the rest on a pro-rata basis. Reuters
Saudi Aramco set to raise $11.2bn from secondary public offering

Company sets final offer price at Saudi riyals 27.25 a share

June 07, 2024, 10:30 AM
President Sheikh Mohamed meets Pakistan Prime Minister Shehbaz Sharif at Al Shati Palace. Photo: UAE Presidential Court
UAE commits $10bn to boost Pakistan's economy

Pledge comes as new Prime Minister Shehbaz Sharif looks to turn around economy

May 23, 2024, 3:43 PM
Events at DWTC last year supported more than 69,000 jobs, yielding an increase in disposable household income of Dh3.36 billion, the DWTC report indicated. Pawan Singh / The National
Dubai World Trade Centre events generated $5bn in economic output

Sectors such as hotels, air travel, local transport, retail, restaurants and business entertainment, benefitted from the 40 per cent annual increase in economic output

May 20, 2024, 5:43 PM
More Chinese companies are expected to invest in the UAE as bilateral ties improve.  Khushnum Bhandari / The National
China’s investment in UAE rose 16% to $1.3bn in 2023 as ties strengthen

The Emirates and Saudi Arabia have become gateways for Chinese companies to go overseas, senior diplomat says

May 15, 2024, 3:02 PM
In the UAE, e& became the first company outside North America to deploy Microsoft’s Azure Operator Nexus and Azure Operator 5G Core solutions. Photo: E-Vision
UAE's e& posts 7% rise in profit as subscriber base grows

Abu Dhabi company reports strong performance across its operations in the first quarter

April 30, 2024, 6:18 PM
The IEA's forecast on Friday stands in stark contrast to Opec's outlook released on Thursday. Reuters
IEA lowers global oil demand forecasts on weak OECD consumption

China set to continue leading growth even as its share of the global increase slows, the Paris-based agency says

April 12, 2024, 1:57 PM
A number of digital broking and trading firms are operating in the UAE, providing investors access to a wide range of trading opportunities across different assets and markets, boosted by a favourable regulatory structure. Ryan Carter / The National
Global broker IBKR plans DIFC office to expand Middle East presence

Interactive Brokers is regulated by regulatory agencies around the world

April 12, 2024, 12:34 PM
The ruling AKP has pledged to continue with its economic reform programme as soaring inflation continues to bite. AFP
Turkey's local election surprise: What will it mean for the economy?

Shock defeat of President Erdogan's AK Party in local elections not expected to derail the country's macroeconomic policy, analysts say

April 01, 2024, 5:26 PM
Prices rose in March and February after dropping in November, December and January, reflecting the trend in the global oil market. Getty Images
UAE petrol prices to rise in April while diesel prices to drop

Motorists in the Emirates will pay more at the pump for petrol next month

March 31, 2024, 10:21 AM
Do all free-zone companies automatically come under zero per cent corporate tax? Graphic: Nick Donaldson
What free zone companies need to know about UAE corporate tax

UAE businesses are reaping the rewards of some of the lowest corporate tax rates globally at 9 per cent, if they have to pay them at all.

March 20, 2024, 1:25 PM