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UAE gold prices up AED2.5, global rates hit record high amid Trump tariffs

Trump's 25 percent tariffs on steel and aluminum imports raised inflation fears, escalated trade tensions

Oil prices climb to $75.87 amid concerns over Trump’s tariffs

Such tariffs could potentially hinder global economic growth as well as energy demand

China redefines video creation with OmniHuman-1, emerges as key contender in global AI race

ByteDance's revolutionary AI tool can transform a single image into realistic human videos

2025 Airline of the Year: Korean Air ranks highest — check out the complete list

The airline upheld industry-leading seat pitches of 33–34 inches, guaranteeing a more comfortable experience for passengers

Iraq’s Oil Ministry unveils collaborative plan with BP to develop Kirkuk fields

These projects will continue in parallel with development, exploration and production operations to ensure maximum benefit from gas resources

Aviation industry adds $4.1 trillion to global economy, says UAE Minister

The sector accounts for 12 to 13 percent of GDP in some countries, supports millions of jobs worldwide

WGS 2025: IMF projects 3.3 percent global growth for 2025; MENA expected to rebound to 3.6 percent

Middle East recovery is expected to be fueled by an uptick in oil production and a reduction in regional conflicts

UAE gold prices up AED2.75 as global rates near records amid Trump tariffs threats

Trump announced 25 percent tariffs on all steel and aluminum imports, escalating trade policy amidst existing metal duties

Oil prices rise 0.5 percent to $75.06 despite new Trump tariffs; China inflation disappoints

Crude oil WTI futures for March delivery increased by 0.6 percent to $71.13 per barrel

U.S. pushes to ban China’s DeepSeek from government devices amid hidden login data risks

An analysis found the chatbot app hides code that sends user data to banned China Mobile

Oil prices gain 0.51 percent but are set for third successive weekly decline amid trade war concerns

Brent crude prices gained 0.51 percent to $74.67 but were set to fall 2.8 percent this week

January 2025 sets new heat record despite cooling La Niña: Copernicus

January 2025 was 0.09°C warmer than January 2024 and 1.75°C above pre-industrial levels

Bank of England cuts interest rates to 4.5 percent, lowest since 18 months

This decision follows December's unexpected inflation drop from 2.6 percent to 2.5 percent

Major update for ChatGPT on WhatsApp now supports image uploads, voice notes

Users can link a free, Plus or Pro ChatGPT plan to WhatsApp as well

Google launches new affordable Gemini AI models as cost concerns mount

2.0 Flash-Lite can generate a relevant one-line caption for around 40,000 unique photos, costing less than a dollar in Google AI Studio’s paid tier

South Korea latest country to block DeepSeek access in government ministries amid security concerns

The government also advised ministries to exercise caution when using AI services like ChatGPT

Gold demand surges YoY to record $382 billion, global investment up by 25 percent: Report

Central banks' strong purchases and high gold prices drove demand to a record high of 4,974 tons

Oil prices rise 0.21 percent to $74.77 as U.S.-China trade war escalates

Analysts expect markets to remain volatile in the coming weeks as investors adjust to Trump's new policy positions and tariffs

Alphabet shares slip after mixed Q4 results amid slowing cloud growth and $75 billion CapEx plans

The company’s advertising sector showed resilience, with revenue climbing to $72.4 billion

Global semiconductor revenue to hit $705 billion in 2025 on rising AI demand

Samsung Electronics reclaimed the top spot from Intel in 2024, recording $66.5 billion in revenue

DeepSeek’s national security threats trigger bans in Australia and Taiwan

Australia and Taiwan both expressed concerns over DeepSeek's risk of data leaks to China

Central banks, investors drive gold demand to new record in 2024

Annual gold investment reached a four-year high of 1,180 tons, rising 25 percent year-on-year

Nissan shares plummet over 4 percent as $60 billion merger talks with Honda might be called off

Honda shares closed 8.2 percent higher, reflecting investor relief over the potential deal cancellation

AAOIFI Sharia Standard 62 to shape the future of the sukuk market

In its public hearing, the AAOIFI mentioned that it is likely to approve Standard 62 in 2025