Crude prices retreated on Wednesday after a four percent jump the day before, as fresh US military strikes near the Strait of Hormuz cast doubt over ceasefire negotiations with Iran. Brent fell to $98.06 a barrel while WTI dropped to $91.99, though reports of LNG tanker passages through the strait offered some grounds for optimism.
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Sharjah City Municipality has opened Al Khan Park in the Al Khan district, timing the launch to coincide with Eid Al Adha. The 5,000-square-metre site, which includes a football pitch, children's play area, and 3,000 square metres of landscaped lawn, was built in under one month.
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Sheikh Mohammed bin Rashid Al Maktoum marked Eid Al Adha with a public message on X, directing greetings to the UAE's people, President Sheikh Mohamed bin Zayed, the country's rulers, and the broader Islamic world.
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Donald Trump has appointed former Attorney General Pam Bondi to a White House advisory panel on artificial intelligence, weeks after dismissing her from the Justice Department. Bondi's tenure as attorney general ended in April amid criticism over her handling of the Jeffrey Epstein case.
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Nvidia CEO Jensen Huang announced plans to invest $150 billion a year in Taiwan, up from $10–15 billion just four or five years ago. The comments came at a ceremony in Taipei marking the company's planned headquarters, due to open in 2030.
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Global financial wealth hit $333 trillion in 2025, and the UAE captured a growing share, with cross-border assets rising 11.1% to $721 billion. Boston Consulting Group's annual wealth report places the country seventh globally and projects holdings will exceed $900 billion by 2030.
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An explosion struck a tanker near its waterline in the Gulf of Oman, about 60 nautical miles east of Muscat, spilling bunker fuel into the sea. The crew is reported safe. The blast follows overnight US strikes on Iranian missile sites and mine-laying boats.
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The Emirates Drug Establishment has ordered price cuts on 168 medicines covering chronic and critical conditions including cancer, diabetes, and cardiovascular disease, effective May 30. Reductions range from 5% to nearly 60%, with the deepest cuts on high-cost oncology and biologic drugs.
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