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Oil prices fall to $62.50 as trade war weighs on demand, supply concerns rise

Trump's tariffs have raised fears of a potential recession in the global economy this year 

Dubai gold prices drop AED0.75, global rates steady ahead of key U.S. economic data

U.S. consumer confidence dipped to its lowest point in nearly five years amid tariff concerns 

Crude oil prices drop to $65.41 amid investor concerns surrounding U.S.-China trade relations

U.S. crude oil stockpiles likely rose by about 500,000 barrels in the recent week

Dubai gold prices up AED5, global rates hold above $3,300

Investors will watch key U.S. economic reports this week, including job openings and payroll data 

Emirates-flydubai alliance hits new high: 5 million passengers on combined network in the past year

Strong demand for Emirates and flydubai drives 36 percent growth in joint passenger traffic

Joint Saudi-Qatari initiative paves way for $15 million payment to World Bank for Syria

Commitment aims to accelerate the recovery of Syria’s economy and development 

Dubai gold prices fall AED2.5, global rates hit $3,289 amid easing U.S.-China trade tensions

The dollar rose 0.2 percent, making gold bullion pricier for international buyers 

China eases tariffs on selected U.S. goods to mitigate economic strain

Exemptions follow conciliatory statements from Washington amid rising fears of global recession

WhatsApp: Advanced chat privacy feature now available to protect sensitive discussions

The Advanced Chat Privacy feature allows users to prevent others from exporting their conversations

Oil prices rise to $66.98, set for weekly loss on higher global supply potential 

Brent is on track for a 2 percent weekly fall while WTI crude is set to decline 2.9 percent for the week

AI personalization or invasion? ChatGPT’s name calling raises eyebrows

Many users felt uneasy as ChatGPT began to address them by name, questioning AI ethics 

World’s largest sovereign wealth fund faces $40 billion loss as tech sector struggles

CEO noted significant market fluctuations affected investor sentiment and fund performance 

Hussain Sajwani engages in strategic dialogue with Trump, Musk at White House

The billionaire described meeting Trump as valuable moment of dialogue

Lebanon: World Bank approves $250 million loan with plans to increase to $400 million

Finance Minister Yassine Jaber announced loan details after meeting World Bank Vice President Osama Weden 

U.S. signals possible 25 percent increase in tariff on Canadian imported vehicles

Canada is a key auto exporter to the U.S. with integrated supply chains under USMCA 

U.S. crude oil stockpiles surge by 244,000 barrels, gasoline inventories plummet by 4.5 million: EIA 

U.S. crude imports surged 1.14 million barrels daily, the highest increase since late 2024 

Stock market today: Wall Street climbs, dollar dips on hopes of trade war de-escalation

Boeing shares rose 6.05 percent to $172.37 after the company reported a smaller-than-expected quarterly loss

Tariffs to push global public debt above pandemic peak, says IMF

Global public debt peaked in 2020 at 98.9 percent of GDP as governments borrowed heavily to tackle the COVID-19 crisis

Oil prices rise to $66.18 following 2 percent dip on potential OPEC+ output increases

The U.S. and China could be moving closer to trade talks, which gives oil prices some support

From Riyadh to the world: Virgin Atlantic’s new route boosts global travel

Virgin Atlantic now operates daily services from London Heathrow to Riyadh

Bitcoin jumps over 6 percent to $94,200 as investor confidence rebounds

Market reacted positively after Trump signaled easing trade tariffs

Oman, Russia ink 11 pacts including visa waiver agreement during Sultan’s Moscow visit

The visit marked the 40th anniversary of diplomatic relations established on September 26, 1985 

IMF projects strong UAE economic growth forecast for 2026 at 5 percent

UAE economy is projected to surpass oil-exporting countries, growing 2.6 percent in 2025, 3.1 percent in 2026