Worldwide

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 

Stock market today: U.S. dollar rebounds, tech shares jump on U.S.-China trade deal prospects

S&P 500 futures climbed 1.61 percent and Nasdaq futures gained 1.91 percent

Business restructuring, tax and compliance: Free zone updates

The Executive Council Resolution No. (11) of 2025 allows for free zone companies to establish a branch in Dubai mainland

Tesla stock tumbles after earnings report reveals 71 percent net income decline

Stock slid as CEO announced plans to reduce involvement with DOGE

Oil prices climb to $67.99 on declining U.S. crude stocks, trade optimism

U.S. crude oil inventories fell by about 4.6 million barrels last week, per API data

Dubai gold prices drop AED12, global rates fall to $3,340

Prices declined as Trump eased Fed threats and optimism for a trade deal increased

Trump to visit Saudi Arabia, UAE and Qatar as White House confirms mid-May plans

Trump will address Ukraine and Gaza conflicts during his visit to Saudi Arabia, a key U.S. ally

IMF cuts global growth forecast to 2.8 percent as U.S. tariffs surge to century-high

The IMF lowered its U.S. growth estimate for this year to 1.8 percent and raised its U.S. inflation forecast

U.S. solar panel tariffs could reach 3,521 percent to combat Chinese subsidies

Decision follows nearly a year of anti-dumping investigations by U.S. solar manufacturers

AI talent in 2025: What top experts want from employers – G42 & Semafor report

70 percent of associates prioritize hybrid work, versus 53 percent of team leaders

Oil prices climb to $66.77 as Trump pressures Fed, tariffs cloud outlook

Trump criticized Fed Chair Powell, warning the U.S. economy could slow without immediate rate cuts

Tariff battles cause Boeing 737 MAX jets to turn back from China

The 737 MAX 8 landed in Guam on Monday after leaving Boeing's Zhoushan center

Who will the next World Economic Forum chairman be? Founder Klaus Schwab steps down

The board unanimously appointed Vice Chairman Peter Brabeck-Letmathe as Chairman ad interim

Dubai set to launch autonomous taxi service with 50 experimental vehicles

Vehicles are equipped with 40 sensors and detectors to ensure the highest standards of automation and safety