Business from Sunday, September 7th, 2025
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Logistics sector's contribution to UAE's economy to exceed AED200 bn in seven years
Suhail Mohamed Al Mazrouei, Minister of Energy and Infrastructure, chaired the first meeting of the UAE Logistics Integration Council, stating it aims to increase the logistics sector’s contribution to the national economy from approximately AED136.7 billion in 2024 to over AED200 billion within seven years.
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OPEC+ agrees to 137,000 bpd oil output hike in October
Eight OPEC+ members agreed to raise oil production by 137,000 bpd in October, the group said in a statement on Sunday.
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UAE's GDP grows 3.9% in Q1, non-oil sector hits record high
The UAE's real GDP grew by 3.9 per cent, reaching AED 455 billion during the first quarter of 2025, compared to the same period in 2024.
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Dubai Chambers signs MoU with Victorian Chamber
Dubai Chambers has signed a Memorandum of Understanding (MoU) with the Victorian Chamber of Commerce and Industry in Australia to enhance cooperation in attracting Australian companies to Dubai and supporting the expansion of Dubai Chamber of Commerce members into Victoria.
