Worldwide

Oil prices rise 0.51 percent on weaker dollar, renewed Middle East tensions

U.S. oil demand remained strong as distillate inventories fell more than expected by 2.8 million barrels

NVIDIA and xAI to join MGX, BlackRock and Microsoft’s $30 billion AI Infrastructure Partnership

Partnership will mobilize up to $100 billion in total investment potential when including debt financing

Federal Reserve, UAE central bank hold interest rates steady as Trump’s policies raise economic concerns

The UAE central bank has also decided to maintain the Base Rate applicable to the Overnight Deposit Facility (ODF) at 4.40 percent

Google to acquire cloud security platform Wiz for $32 billion

Google Cloud's acquisition boosts cloud security and enhances multicloud capabilities in the AI era

UAE gold prices up AED1.5, global rates hit record high ahead of Fed decision

The Fed is expected to maintain interest rates at 4.5 percent amidst economic uncertainty

Trump, Sheikh Tahnoon discuss strengthening UAE-U.S. ties in key sectors

Both parties explored long-term collaboration opportunities in AI, healthcare, and industrial development

Oil prices dip to $70.25 on oversupply fears after Russia-Ukraine truce

Investors are cautious ahead of the Fed meeting, expecting rates to remain unchanged

Kuwait, China establish framework agreement for renewable energy technology

The agreement was the result of six months of negotiations and aims to enhance cooperation at all levels

Global GDP growth to slow from 3.2 percent in 2024 to 3.0 percent by 2026: OECD

OECD warned that increased trade restrictions will hurt global economic performance and raise inflationary pressures

U.S. Bitcoin ETFs record $5.4 billion in outflows in five weeks

Bitcoin has dropped 21 percent over the last three months

SpaceX Dragon capsule safely returns NASA crew after record-breaking mission

The seven-day mission extended due to issues, including a delayed Boeing test flight

Women’s elite sports revenues to surpass $2.35 billion in 2025, says Deloitte

Basketball and football are projected to generate the biggest revenues in 2025 at $1.03 billion and $820 million, respectively

UAE gold prices surge AED2.25, global rates climb over $3,000 on tariff fears

Increased geopolitical tensions in the Middle East heightened the demand for safe havens

Oil prices climb to $71.32 amid Mideast tensions, China’s stimulus

West Texas Intermediate (WTI) crude futures also rose by 0.4 percent to $67.61 per barrel

10 megatrends shaping the future of communities, economies and governments in the coming years

These megatrends are set to positively impact the quality of life in communities and drive sectoral and economic development

Global trade grows 3.7 percent to record $33 trillion in 2024, says UNCTAD

Services led the expansion in global trade in 2024, growing 9 percent annually and adding $700 billion to the total

Trump says ‘no intention’ to alleviate steel, aluminum tariffs

The U.S. President said reciprocal duties on U.S. trading partners would be implemented alongside auto tariffs

UAE gold prices flat, global rates climb on safe-haven demand near $3,000

U.S. consumer sentiment hits two-and-a-half-year low as inflation expectations rise amid tariff fears

Oil prices rise to $71.73 on Red Sea tensions, China’s new plan

West Texas Intermediate (WTI) crude futures jumped 1.8 percent to $68.09 per barrel

ADIO partners with clean energy leader Ignite Energy Access for global expansion

Pan-African energy provider will introduce its advanced solar technologies and expertise to the UAE

Oil prices rise to $70.35 as Ukraine ceasefire deal prospects diminish

Expectations of lower Russian oil supply in the near term provided some support to oil prices

J.P. Morgan cautions on 40 percent U.S. recession risk amid policy uncertainty

Kasman: “Where we stand now is with a heightened concern about the U.S. economy" 

World Bank presents $1 billion program for Lebanon reconstruction

Reconstruction and recovery requirements following the conflict that affected Lebanon are estimated at $11 billion

Canada to impose $20.7 billion retaliatory tariffs on U.S.

Canada stands as the largest foreign supplier of steel and aluminum to the U.S.