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Headlines and short summaries from trusted publishers. Every story links to the full article on the original website.

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Business News

The National — Business

thenationalnews.com

Business News The National — Business

UAE and Egypt renew Dh5bn currency swap deal to enhance economic development

The UAE and Egypt have agreed to renew their Dh5 billion ($1.36 billion) currency swap agreement as the two nations seek to further bolster their economic development. The refreshed deal, which is also equivalent to 69 billion Egyptian pounds ($1.32 billion), will be valid for five years and is…

Business News

The National — Business

thenationalnews.com

Business News The National — Business

Iraqi Airways to resume Iran flights amid US sanctions pressure

Iraqi Airways will resume flights to and from Iran in October, the Iraqi Transport Ministry said on Tuesday, days after Baghdad halted them under pressure from a wave of US sanctions. Iraq had not officially announced the ban imposed on Friday but ground-handling companies stopped serving the…

Business News

The National — Business

thenationalnews.com

Business News The National — Business

Oil flows through Strait of Hormuz rise on Saudi pivot as Red Sea traffic plunges

Oil flows through the Strait of Hormuz rose to their highest level this month since the Iran war began, as Saudi Arabia was forced to send more crude through the contested waterway after Houthi attacks restricted its Red Sea route. Saudi shipments through Hormuz jumped to 2.58 million barrels per…

Business News

The National — Business

thenationalnews.com

Business News The National — Business

Mubadala ties up with US firm Together AI for UAE investment opportunities

Abu Dhabi sovereign wealth fund Mubadala Investment Company is teaming up with US-based Together AI to explore investment opportunities in artificial intelligence infrastructure in the UAE. As part of the deal, the two companies will work together to identify opportunities that support the…

Business News

The National — Business

thenationalnews.com

Business News The National — Business

Aldar generates more than Dh5bn in sales from new housing developments

Aldar Properties, Abu Dhabi’s biggest listed developer, generated more than Dh5 billion ($1.36 billion) in sales across two new residential housing projects in Saadiyat and Yas islands. UAE citizens accounted for 31 per cent of total buyers at the Talay and Yas Riva Reserve projects, Aldar said in…

Business News

The National — Business

thenationalnews.com

Business News The National — Business

Manus on Markets: US bond yields hit 'juicy' 18-year high - is it time to buy?

From tariff turmoil and stock shocks to market meltdowns, the global financial system has never been in such flux. Manus Cranny, The National's geo-economics editor, cuts through the noise and presents insights from the stories making headlines around the world.

Business News

The National — Business

thenationalnews.com

Business News The National — Business

AI needs $6tn in annual revenue to justify data centre boom, Bain says

(Bloomberg) -- The global AI industry needs to earn $6 trillion in annual revenue by 2031 to justify the capital being deployed to build data centers around the world, Bain & Co. said.

Business News

The National — Business

thenationalnews.com

Business News The National — Business

The Gulf’s most valuable export may be trust

Since February, the world has asked the same question about the Arabian Gulf: can hydrocarbon supplies continue to reach international markets? It is an understandable question. Around 20 per cent of global liquefied natural gas trade and about 20 million barrels of oil a day have historically…

Business News

The National — Business

thenationalnews.com

Business News The National — Business

AI to make some banking roles obsolete, says futurist

Artificial intelligence is to make some banking roles “obsolete” in the coming years, said an expert who also emphasised the need to retrain employees to keep pace with the rapid adoption of the technology. “The skill set in banks is going to have dramatically shift towards agentic operation,”…

Business News

The National — Business

thenationalnews.com

Business News The National — Business

Why the US-Iran war is working in China’s favour

It must be unique for New York to host the president of a country at war with the US. But alongside Iran’s Masoud Pezeshkian, who is in town for the UN General Assembly, an even more important protagonist in the conflict visited Donald Trump: Chinese leader Xi Jinping. What does Beijing stand to…

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