Business from Wednesday, July 8th, 2026

Dubai maintained its strong economic performance in the first quarter of 2026, with the emirate's Gross Domestic Product (GDP) reaching AED 232 billion, reflecting a 2.4 per cent increase from the same period last year.

Dubai Taxi Company (DTC) has completed its acquisition of 100 per cent of the share capital of National Taxi after securing all required regulatory approvals, including from Dubai's Roads and Transport Authority and Abu Dhabi's Integrated Transport Centre.

The UAE has "advanced to ninth place globally among FDI destinations and maintained, for the third year in a row, second global position in number of FDI investment greenfield projects, totalling 1,562 projects," said H.H. Sheikh Mohammed bin Rashid Al Maktoum.