Business from Friday, October 2nd, 2026

G7 to release 100 million barrels from energy stocks

Group of Seven (G7) countries agreed on Friday to release 100 million barrels of diesel and crude oil from emergency reserves and pledged to refrain from energy export restrictions after pressure from US President Donald Trump.
First UAE-built commercial satellite launches successfully

Altair-1, the first commercial satellite built in the UAE, has successfully launched into orbit, marking a major milestone for the country's growing private space sector.
UAE lists second Sovereign Retail T-Sukuk on Nasdaq Dubai

The Ministry of Finance has announced the official listing and commencement of secondary-market trading for its second five-year Sovereign Retail T-Sukuk on Nasdaq Dubai on Friday, following the successful completion of subscription, allocation, and settlement.
Abu Dhabi invests AED 300 million to advance public transport

Abu Dhabi has announced plans to invest AED 300 million to upgrade its public transport system with smart tech.

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UAE President congratulates Saudi Arabia on Gulf Cup win
UAE President Sheikh Mohamed bin Zayed Al Nahyan has congratulated the Custodian of the Two Holy Mosques, King Salman bin Abdulaziz, on Saudi Arabia's win in the Arabian Gulf Cup final on Tuesday.
UAE begins implementing limits on salt, sugar and fat in food items
The UAE's Ministry of Health and Prevention (MoHAP) has begun implementing a new resolution that sets caps on sodium, sugar and fat levels in selected food products.
Dubai arrests 2 suspects in AED11.8 million phone scam
Two individuals have been arrested in Dubai for posing as employees of official and international entities and defrauding several residents in a phone scam that totalled AED 11.8 million.