The 'Make it in the Emirates' exhibition opened in Abu Dhabi, with the participation of more than 1,200 exhibitors to highlight UAE's industrial capabilities and attract international investment.

The government issued a new mandate for phased localization of HVDC technology to 60% by the fiscal year 2035.

The Bank of Thailand decided to keep its interest rate steady, reflecting a cautious approach amidst external economic pressures.

An emergency meeting was convened by South Korea's Finance Minister in response to recent military tensions affecting financial and energy markets.

The BOJ decided to hold interest rates steady at 0.75% despite pressure from some members to raise it to 1%. It also revised growth and inflation projections for 2026, highlighting Middle East supply-side risks.

The Treasurer announced that inflation has risen to 3.4% and will significantly influence the federal budget planning.

The Chilean government commenced the distribution of a one-time Winter Bonus for 2026, targeted at supporting vulnerable populations during the winter period.

President Zelenskyy secured 10-year security agreements with key Middle Eastern countries focusing on defense cooperation.

The Iranian stock market suspended trading until next week due to internal or external economic influences.

The UAE introduced a new AI system for work permit screening, using real-time data to match skilled professionals with sectors experiencing shortages.

Prime Minister Shehbaz Sharif instructed the authorities to expedite the legalization and regulatory process for cryptocurrencies in Pakistan.

In the past 24 hours, PM Shehbaz Sharif has tasked authorities with formulating a strategy to stabilize electricity tariffs and promote energy efficiency through renewable projects.

The India Meteorological Department has issued a warning for potential heatwaves and thunderstorms across 11 states due to rising temperatures.

The Thai government, through the Oil Fuel Fund Committee, decided to increase the compensation for high-speed diesel, leading to a retail price increase of 0.60 baht per litre.

Thailand's Energy Ministry reported sufficient oil reserves to meet domestic demand for 108 days, and the Oil Fuel Fund Committee approved a rise in diesel compensation, leading to a retail price increase.

On May 2, 2026, Mayon Volcano erupted, producing pyroclastic density currents and causing significant geological activity in the region.

A supplementary budget bill was passed by South Korea's National Assembly, which allocates additional funding towards public health and infrastructure projects.

The Korean won appreciated against the US dollar, reaching its strongest level in two years due to positive economic data from South Korea.

The South Korean Ministry of Finance announced it would issue 3 trillion won in government bonds to finance infrastructure projects.

The Ministry of Economy and Finance announced a 10 trillion KRW supplementary budget to aid small businesses and low-income households affected by the economic downturn.

The Brazilian government announced new plans to use increased petroleum revenues to provide tax relief.

The Argentine government secured $819 million in SDRs from the US for an obligatory interest payment to the IMF, due soon.

Lagos State announced a financial relief package of ₦50,000 for government employees for the month of May amidst increasing economic pressure.

The Central Statistical Office released data indicating that Poland's GDP grew by 3.5% in the first quarter of 2026.

The Egyptian government extended its ban on sugar exports for three more months to maintain domestic supply and stabilize prices.