Brussels: The European Union (EU) has announced plans to stockpile critical minerals as a safeguard against potential supply chain disruptions arising from geopolitical tensions, according to a draft document by the European Commission reported by the Financial Times. According to Emirates News Agency, the document outlines that the EU faces a complex and deteriorating risk landscape, characterized by rising geopolitical tensions, conflicts, the impacts of climate change, environmental degradation, and hybrid and cyber threats. In response, the EU executive has advised member states to coordinate backup supplies of essential items, including food, medicines, and even nuclear fuel. The draft further

Rio de janeiro: H.H. Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi, has wrapped up his visit to Brazil, where he led the UAE delegation at the 17th BRICS Summit in Rio de Janeiro. He represented President His Highness Sheikh Mohamed bin Zayed Al Nahyan during the summit. According to Emirates News Agency, Sheikh Khaled expressed gratitude for the hospitality extended by Brazil to the UAE delegation. He also conveyed his best wishes for the ongoing progress and prosperity of Brazil and its citizens. H.H. Sheikh Khaled was accompanied by a notable delegation including Reem

Abu dhabi: Abu Dhabi Securities Exchange (ADX) demonstrated significant growth across its key indicators in the first half of 2025, compared to the same period in 2024. According to Emirates News Agency, foreign net investment saw a remarkable 99.5 percent increase, surging from approximately AED6.84 billion in H1 2024 to over AED13.6 billion in H1 2025. Total trading value also rose substantially, by 33.5 percent, reaching around AED179.5 billion in the first half of 2025, up from AED134.4 billion in the corresponding period last year. The average daily trading value climbed by 31.4 percent, from nearly AED1.1 billion to approximately

Abu dhabi: ADNOC Drilling has hit 100 percent fleet utilisation as Al Jurf and Dana begin operations. The commencement of these two modern high-specification jack-ups boosts the operational jack-up fleet to 34, one of the largest in the world, fully contracted under long-term agreements with ADNOC Offshore. According to Emirates News Agency, this achievement not only reinforces ADNOC Drilling’s leadership in offshore operations but also underpins the UAE’s role as a global energy powerhouse, delivering capacity, certainty, and long-term value to the market.

Budapest: Emirati racing sensation Rashid Al Dhaheri delivered an impressive performance this weekend at the iconic Hungaroring circuit, securing a second-place finish and valuable championship points in the Formula Regional Championship. According to Emirates News Agency, the Hungaroring, located just outside Budapest, is renowned for its tight, technical layout and rich history in Formula racing. It demands precision, endurance, and a perfectly balanced car setup. For Al Dhaheri, it was his first-ever appearance at the historic venue, but the young driver wasted no time getting up to speed. From the opening test session on Thursday, he was immediately competitive, showcasing

Abu dhabi: The General Pension and Social Security Authority (GPSSA) has urged employers to ensure the timely payment of contributions for GCC nationals working in the UAE. These contributions are necessary for employees under the Unified Protection Extension System, which guarantees GCC nationals working in any GCC country to receive the same social security coverage as they would in their home country. According to Emirates News Agency, effective 1st July 2025, GPSSA will begin implementing penalties on employers who delay the payment of due contributions for their GCC national employees. These penalties will be applied in accordance with the deadlines

Dubai: Suhail Mohamed Al Mazrouei, Minister of Energy and Infrastructure, chaired the second periodic meeting of 2025 of the UAE Infrastructure and Housing Council at the Ministry’s headquarters in Dubai. The meeting focused on reviewing strategic projects and initiatives aimed at developing infrastructure sectors across the UAE. According to Emirates News Agency, Al Mazrouei stressed the importance of intensifying and unifying efforts at the national level in infrastructure and housing, aligning with national aspirations. He underscored the need for enhanced policy coordination between federal and local levels to achieve integration among relevant entities. He emphasized that advancing the infrastructure system

Abu dhabi: The General Pension and Social Security Authority (GPSSA) has urged employers to ensure the timely payment of contributions for GCC nationals working in the UAE. These contributions are necessary for employees under the Unified Protection Extension System, which guarantees GCC nationals working in any GCC country to receive the same social security coverage as they would in their home country. According to Emirates News Agency, effective 1st July 2025, GPSSA will begin implementing penalties on employers who delay the payment of due contributions for their GCC national employees. These penalties will be applied in accordance with the deadlines