Business

Oil prices surged on Friday as Hurricane Isaias approached the northern Gulf of Mexico, leading to the suspension of approximately 1.3 million barrels of daily US crude production. Brent crude futures increased by 44 cents to settle at $104.72 a…

The UAE Ministry of Finance has announced significant updates to the accreditation framework for eInvoicing Service Providers, effective October 1, 2026. This change, outlined in Ministerial Decision No. 168 of 2026, eliminates the pre-approval stage previously required, marking a shift…

Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, First Deputy Ruler of Dubai and Minister of Finance, met with Bruce Richards, Chairman and CEO of CVC Marathon, to discuss enhancing investment and asset management ties. The meeting, held at Sheikh…

Nakheel, a subsidiary of Dubai Holding Real Estate, has awarded a significant contract to Mar Marine & Building Contracting LLC for marine and beach works on Island B at Dubai Islands. This project, set for completion by the fourth quarter…

Carlsberg Britvic has announced plans to close Marston's Brewery in Burton-upon-Trent, a move that could impact approximately 310 jobs. The closure, which is proposed to take place next summer, also includes the shutdown of the brewery's primary logistics operation at…