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Dubai Sets New Business Record with 30,000 Company Renewals in One Month
Dubai Chamber of Commerce announced a record 30,697 company membership renewals in April 2026, highlighting growing confidence in Dubai’s business environment and economy.
Oil Prices Fall as Hopes Rise for Hormuz Reopening and Possible Iran Peace Deal
Global oil prices dropped sharply on Thursday as renewed hopes for a peace agreement involving Iran raised expectations that the Strait of Hormuz could gradually reopen. Markets reacted positively to reports of diplomatic progress, easing fears of major supply disruptions in the Middle East.
Egypt Announces New Gas Discovery in Nile Delta
Egypt has revealed a new natural gas discovery in the Nile Delta with estimated production of 50 million cubic feet per day, boosting domestic energy supply and investor confidence.