Worldwide

Trump and Putin to meet next week as tariffs on Russian oil loom

The first meeting between the two leaders since Biden and Putin's discussions in June 2021 

China maintains A+ credit rating from S&P Global as growth projections remain positive

S&P’s stable outlook reflects confidence in China achieving self-sustaining growth over the next years 

Bank of England cuts interest rate to 4 percent, stresses caution for inflation control

The bank shifted its tone, suggesting a nearing end to aggressive monetary policy tightening

U.S. tariffs begin today, impacting European imports and over 60 countries

The new tariffs target goods from the EU, Japan, and South Korea at 15 percent

Fitch-rated sukuk surpass $210 billion in H1 2025, rising 16 percent

The Middle East still accounts for 69.9 percent of Fitch-rated sukuk, followed by Asia at 21.6 percent

Google to invest $1 billion in AI education, elevating competition with Microsoft and OpenAI

A recent survey reveals a significant increase in student use of AI tools for academic purposes

Apple shares rally as massive $100 billion investment pledge eases tariff worries

Apple's new pledge raises its total domestic investment commitment in the U.S. to $600 billion over the next four years

Asian stock markets rise as U.S. dollar falls on Fed rate cut expectations

Japan's Topix index rose 0.9 percent to reach an all-time high

Crude oil prices climb to $67.55 on strong U.S. demand as tariff concerns persist

U.S. crude stockpiles declined by 3 million barrels to 423.7 million in the week ending August 1

U.S. trade deficit narrows by 16 percent in June to $60.2 billion as tariff rates surge to highest since 1934

Exports of goods and services totaled $277.3 billion in June, reflecting ongoing economic adjustments

Gold prices rise 27 percent this year, but is the rally over?

Key drivers that have propelled metals higher in recent years remain intact, and additional tailwinds could emerge in the second half

OpenAI launches new gpt-oss models optimized for local use, excelling in coding and health queries

Advanced techniques improve reasoning capabilities, enabling a broader range of applications for developers

Stock market update: Tariff jitters cause U.S. volatility; Asian and European markets show resilience

Investors remain cautious while hoping for negotiation breakthroughs and more accommodating monetary policy

Crude oil prices surge above $68.1 as India faces U.S. pressure over Russian oil purchases

OPEC+ agreed to boost oil production by 547,000 barrels per day for September, ending cuts

EU halts countermeasures against U.S. tariffs for six months amid ongoing trade negotiations

Concerns remain over tariff rates on spirits as negotiations continue into autumn 2025 

AI surge fuels global dealmaking to $2.6 trillion in H1 2025, highest level since pandemic peak

AI activity is driving remarkable growth in corporate boardrooms, overcoming uncertainty from tariffs

Stock markets display renewed optimism as investors embrace trade negotiation hopes

Major U.S. indexes rose over 1 percent on Tuesday, breaking multi-session losing streaks amid volatility 

Dubai 24-carat gold price today up to AED407.50, global rates rise as U.S. jobs data boosts Fed rate cut

U.S. employment growth was weaker than expected, with disappointing job additions and revised payroll figures 

Crude oil prices dip to $68.62 as oversupply worries lead to one-week low

OPEC+ agreed to increase oil production by 547,000 barrels per day for September

Turkish inflation falls to 33.52 percent in July, lowest since 2021

Month-on-month inflation registered at 2.06 percent, following a CPI of 1.37 percent in June 

Global stock markets exhibit strong trends, yet caution signals arise across major indices 

U.S. markets saw gains driven by tech stocks, but volatility indicators hint at potential risks 

Dubai 24-carat gold price today falls to AED405.25, global rates slip amid weak U.S. jobs data

U.S. job growth decelerated in July, raising concerns about the overall health of the economy

Crude oil prices decline to $69.4 as OPEC+ increases production levels

OPEC+ aims to regain market share with significant production increases amid slowing U.S. economy

Dubai Duty Free sets sales records in 5 of 7 months so far in 2025

Dubai Duty Free’s year-to-date (YTD) sales have reached AED 4.734 billion ($1.30 billion), representing a 5.86 percent increase over the same period last year