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United Arab Emirates

The United Arab Emirates is a federation of seven emirates located on the Arabian Peninsula in Western Asia. Its capital is Abu Dhabi, while Dubai is its largest city and commercial hub. The country has a population of approximately ten million and operates as a federal absolute monarchy, with each emirate governed by its own hereditary ruler. The seven constituent emirates are Abu Dhabi, Dubai, Sharjah, Ajman, Umm Al Quwain, Ras Al Khaimah and Fujairah. The UAE has one of the most diversified economies in the Gulf region, historically built on oil and gas exports but increasingly focused on tourism, aviation, real estate and financial services. Its currency is the UAE dirham, which is pegged to the US dollar. The country is a member of the Gulf Cooperation Council, the Arab League and the United Nations. The UAE has positioned itself as a major global investment hub, with sovereign wealth funds actively deploying capital in infrastructure, technology and natural resources worldwide. Since its formation in 1971 from the Trucial States, the UAE has emerged as a significant player in regional and international trade, logistics and finance.

Latest Articles in 60 Seconds

UAE drone strike on nuclear plant lifts oil prices amid Iran conflict

Oil prices climbed above $110 a barrel in mid-May after a drone attack on the UAE's Barakah nuclear power plant and heightened fears of escalation in the Iran war. Emirati officials said they were investigating the source of the strike and warned of the right to respond to such "terrorist attacks", while Saudi Arabia intercepted three drones entering from Iraqi airspace.

Strait of Hormuz reopening set to release stranded crude, depress markets

Middle Eastern crude markets faced further pressure in mid-June as the reopening of the Strait of Hormuz under a US–Iran interim deal was expected to release about 93-million barrels of stranded non-Iranian oil from the Persian Gulf, alongside 72-million barrels of Iranian crude. Most Asian refiners had already booked cargoes to arrive in June to August, and Chinese refining capacity was scheduled for maintenance shutdowns in July, reducing immediate demand for spot supplies.

UAE investment and labour ties with Africa deepen despite regional tensions

The UAE is scaling up investment in Africa through comprehensive economic partnership agreements with countries including Mauritius, Kenya, Morocco and Nigeria, focusing on mining, energy and food security, Standard Chartered's Africa chief executive says. More than 500 000 Kenyans are working in the UAE, Qatar and Saudi Arabia, mainly in low- and semi-skilled roles, with remittances crossing the $5-billion mark in 2025.

United Arab Emirates Updates


Aluminium
EU aluminium scrap export curbs delayed until September, group and sources say
26th June 2026 By: Reuters

The European Commission's plans to introduce measures to limit exports of aluminium scrap have been delayed until September, sector lobby group European Aluminium and other industry sources said.... 


An image of the new public square at Longkloof Precinct
Local architectural studio joins global collective, expanding its reach
19th June 2026 By: Nadine Ramdass

South African architectural studio dhk Architects has joined global architecture firm Egis Group’s 10N collective, marking a significant milestone in the Cape Town- and Johannesburg-based studio's... 


An oil tanker at sea
Hormuz reopening to release wave of oil supply, depress prices
18th June 2026 By: Reuters

Middle Eastern crude oil markets could come under further pressure if the Strait of Hormuz reopens on Friday following the US-Iran interim deal, releasing-millions of barrels of oil stranded in the... 


An oil rig
Goldman lowers 2027 Brent oil forecast on supply growth, demand risks
12th June 2026 By: Reuters

Goldman Sachs on Thursday lowered its 2027 average Brent oil price forecast to $80/bbl, citing stronger supply growth and persistent demand weakness, even as it warned prices could swing sharply... 


An image of a past Coatings For Africa exhibitor explaining their products to attendees
Event a catalyst for industry development
5th June 2026 By: Trent Roebeck

Coatings For Africa 2026, a networking event for Southern Africa’s coating industry, will be held at the Sandton Convention Centre, in Johannesburg, from June 24 to 26. The event, which is hosted... 


Microsoft South Africa commercial solutions and AI officer Ravi Bhat
Global AI use increases in first quarter – Microsoft
18th May 2026 By: Schalk Burger

During the first quarter of this year, worldwide AI use increased by 1.5 percentage points to 17.8% of the world’s working age population, up from 16.3% in the second half of 2025, information... 


A pumpjack in Texas, in the US
Oil touches two-week high after drone attack on UAE nuclear power plant
18th May 2026 By: Reuters

Oil prices extended gains on Monday as efforts to end the Iran war appeared to have stalled, after a nuclear power plant in the United Arab Emirates came under attack and as US President Donald... 


Silver bars
India restricts most silver imports to cut import bill, support rupee
18th May 2026 By: Reuters

India has curbed imports of silver in nearly all forms with immediate effect, according to a government order issued on May 16, as the world's biggest consumer of the metal seeks to rein in... 


An image of Thacker Pass
Lithium Americas progresses Nevada project, but tariffs weigh on costs
15th May 2026 By: Tasneem Bulbulia

Construction at TSX-listed Lithium Americas’ Thacker Pass project, in Humboldt County, Nevada, is accelerating toward mechanical completion in late 2027, the company highlights in a statement on... 


Image of graphite specimen
Battery anode facility, United Arab Emirates – update
15th May 2026 By: Sheila Barradas

NextSource Materials has approved a final investment decision for Phase 1 of the proposed project. 


A generic image of clear float glass
Itac maintains dumping duties on clear float flass from Saudi Arabia, UAE
13th May 2026 By: Lumkile Nkomfe

The International Trade Administration Commission of South Africa (Itac) has recommended that existing anti-dumping duties of between 10% and 45% on clear float glass be maintained after finding... 


NextSource president and CEO Hanré Rossouw
NextSource to proceed with development of Phase 1 of UAE battery anode facility
13th May 2026 By: Creamer Media Reporter

TSX-listed NextSource Materials has approved a final investment decision for Phase 1 of its proposed battery anode facility (BAF) in Abu Dhabi, in the United Arab Emirates, marking a major... 


Aluminium produced at the Al Taweelah smelter
EGA sticks to aluminium investment plans despite Iran war
12th May 2026 By: Reuters

LONDON – Emirates Global Aluminium is sticking with its investment plans to increase production and recycling of the metal despite the Iran war, the company's chief marketing officer said on... 


Diesel graphic
Diesel over R30 a litre in SA
8th May 2026

South Africans woke up to record-high fuel prices on May 6, 2026. A litre of diesel (50ppm) costs R31.38. It is the first time ever the price has gone over R30. A litre of 95 Octane in Gauteng... 


Solar and wind solutions paired with battery storage cost-competitive – Irena
6th May 2026 By: Schalk Burger

Solar and wind energy paired with battery storage are reliable and deliver cost-effective, round-the-clock electricity, says intergovernmental agency the International Renewable Energy Agency... 


Emirates Airways has restored most of its services, including to South Africa
5th May 2026 By: Rebecca Campbell

Dubai-, United Arab Emirates (UAE), based global major airline Emirates has announced that it has restored operations on 96% of its global network, following the disruptions caused by the conflict... 


Green, smart cities must be secure by design
Green, smart cities must be secure by design
5th May 2026

By: Taru Madangombe - Vice President for Power and Grid Segment, MEA at Schneider Electric Around the world, countries are investing heavily in the development of smart, green cities. These... 


Oil refinery infrastructure
Goldman says global oil stocks approaching eight-year low, depletion speed a concern
5th May 2026 By: Reuters

Global oil stocks are approaching their lowest level in eight years, Goldman Sachs said on Monday, warning that the speed of depletion was becoming a concern as supplies through the Strait of... 


An oil rig in Egypt
Brent oil rises 7% on report US considering military options to break Iran deadlock
30th April 2026 By: Reuters

Brent oil prices rose as much as 7% on Thursday on a report the US is considering potential military action against Iran to break the deadlock in negotiations to end the war, increasing concerns of... 


An excavator at work at a copper mine in the DRC
Congo launches $100m US-backed mining guard to secure sites
28th April 2026 By: Reuters

KINSHASA – Democratic Republic of Congo’s mines inspectorate said on Monday it had created a paramilitary mining guard to secure mining sites and mineral supply chains, as the world’s top cobalt... 


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pqt: 0.088s - ct: 0.149s - 288pq - 2rq
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