Tech sell-off sends Wall Street to its worst day since June
U.S. stocks suffered their sharpest daily decline since June on Friday as a sell-off in technology shares intensified concerns that investor enthusiasm for artificial intelligen...
Economy
Arm Holdings Shares Fall Nearly 10% as Intel Outlook Hits Chip Stocks
Arm Holdings shares dropped nearly 10% in Friday trading as a broader sell-off swept through semiconductor stocks following Intel’s third-quarter earnings report and weaker-than...
UAE crypto economy reaches $104.8bn, with Türkiye set in its sights
The UAE’s crypto economy expanded by 32% to $104.8 billion (Dh384.6 billion) in the 12 months ending June 2026, Chainalysis said, a rise that puts the country on track to potent...
UAE Warns Businesses of October 30 E-Invoicing Deadline and AED 5,000 Monthly Penalties
The United Arab Emirates Federal Tax Authority has issued an official reminder to businesses covered by the first phase of the country’s electronic invoicing system, warning tha...
Qatar Calls for Protection of Energy Infrastructure and Shipping Routes
Qatar’s Minister of State for Energy Affairs, Saad Sherida al-Kaabi, called for coordinated protection of energy facilities and maritime transport routes during conflicts, warni...
Bahrain MPs to Debate Cutting Minimum Credit Card Payments from 5% to 2.5% and Unifying Billing Dates
Bahrain’s Council of Representatives is preparing to debate a parliamentary proposal aimed at reducing the minimum monthly repayment required on credit card bills, a development...
Ras Al Khaimah Ruler Meets Indian Foreign Minister to Discuss Trade and Investment
Sheikh Saud bin Saqr Al Qasimi, Supreme Council Member and Ruler of Ras Al Khaimah, met India’s Minister of External Affairs Dr Subrahmanyam Jaishankar to discuss closer bilater...
Aramco says rapid-response teams help restore oil facilities after attacks
Saudi Aramco says it has strengthened its ability to keep oil facilities operating and restore damaged infrastructure quickly after attacks, relying on specialised response team...
Dubai gold price rises to Dh503 per gram as global market recovers
Gold prices in Dubai rose on Friday morning, with 24K gold reaching Dh503.0 per gram after gaining more than Dh2 in early trading. The increase came as global gold prices recove...
Bahrain Backs Proposal to Reduce Overseas Recruitment and Clarifies Expatriate Employment Procedures
Bahrain’s government has expressed support for a parliamentary proposal aimed at reducing reliance on recruiting foreign workers from overseas while expanding employment opportu...