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Brent Settles at $116.72, Highest Since April, as Houthi Attacks on Saudi Arabia Fuel Supply Concerns

Brent crude settled at $116.72 a barrel on Friday, its highest close since April 29, as Houthi attacks on Saudi Arabia raised concern about Gulf supply disruption.

Mubadala and Khalifa University Launch Life Sciences Research Program, Plan Mubadala Bio Lab on Campus

Mubadala Investment Company and Khalifa University of Science and Technology have launched a program to jointly fund early-stage life sciences research, and Mubadala Bio plans a commercial research lab on the university's main campus.

ADGM Registration Authority Fines MCA Auditors and Its Audit Principal $88,000 Over Audit Failures

The Registration Authority of Abu Dhabi Global Market fined MCA Auditors and Advisors LLP and its audit principal a combined $88,000 after an inspection found deficiencies in an audit of an ADGM-registered company.

Kuwait Signals Willingness to Extend Q8 Fuel Price Cap in Italy as Countries Sign Investment and Defense Pacts

Kuwait is willing to extend the price cap that Q8 has applied to gasoline and diesel in Italy, Italian government sources said on Friday after Prime Minister Giorgia Meloni met Kuwait's emir.

UAE Closes Umm Al Quwain Beaches and Tells Fishermen to Avoid Affected Waters as Tanker Oil Spill Reaches Coast

The UAE's Ministry of Climate Change and Environment confirmed a tanker oil spill affecting Umm Al Quwain's beaches and temporarily closed all of the emirate's beaches and coastal areas.

National Bank of Umm Al Qaiwain Nine-Month Profit Falls 18.7% to AED378 Million as Bad Loan Ratio Drops to 0.4%

National Bank of Umm Al Qaiwain reported a profit after tax of AED378 million for the first nine months of 2026, down 18.7% from AED465 million a year earlier.

Dubai Index Falls 1.4% to More Than Four-Month Low as Emirates NBD Drops 3.5%, UAE Markets Post Weekly Losses

Dubai's main share index fell 1.44% to 5,734.19 points on Friday, a more than four-month low, as Emirates NBD dropped 3.47% and Abu Dhabi's benchmark lost 1.17%.

RAKBANK Nine-Month Profit Rises 21.3% to AED2.52 Billion, Helped by AED473 Million Gain on Merchant Acquiring Sale

The National Bank of Ras Al Khaimah's nine-month profit after tax rose 21.3% to AED2.52 billion, including a AED473 million gain on the sale of its merchant acquiring business.

ADNH Awards AED2.2 Billion Main Contract for Nasim Al Bahr Resort and Residences in Ras Al Khaimah

Abu Dhabi National Hotels awarded a AED2.2 billion ($599 million) main works contract for its Nasim Al Bahr resort and branded residences on Al Marjan Island to Al Hamad Building Contracting.

Deyaar Nine-Month Net Profit Rises 17.8% to AED479 Million as Home Handovers Top 2,100

Deyaar Development's net profit after tax rose 17.8% to AED479 million in the first nine months of 2026, helped by more than 2,100 home handovers.

G42 Signs Agreements to Explore an AI Factory in Greece With Copelouzos Group

G42 and five of its portfolio companies have signed preliminary agreements with Greek partners, including plans with Copelouzos Group to explore an AI factory in Greece.

Etihad Extends Abu Dhabi Flight Cancellations to Riyadh, Dammam and Jeddah Until November 5

Etihad Airways has canceled flights between Abu Dhabi and the Saudi cities of Riyadh, Dammam and Jeddah until November 5, extending a suspension that previously ran to October 24.
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