Worldwide

Dubai gold prices up AED3.25, global rates retreat post tariff exemptions

Goldman Sachs hiked 2025 gold price target to $3,700/oz

Who was Agustin Escobar? Siemens CEO killed in deadly Hudson helicopter crash

Agustin Escobar was the Global CEO of rail infrastructure at Siemens Mobility, a role that he took over in October 2024

China raises tariffs on U.S. goods to 125 percent from 84 percent, says finance ministry

This came after U.S. President Donald Trump increased tariffs on Chinese imports to 145 percent

Stocks sink, dollar falls as tariff-induced recession fears shake investor confidence

Nvidia declined 5.91 percent, Apple fell 4.24 percent to $190.42, and Microsoft dipped 2.34 percent to $381.35

Oil prices dip to $63 per barrel as U.S.-China trade war raises demand concerns

Brent is set to fall 4 percent this week, while WTI is set to decline 3.8 percent

Sheikh Hamdan inaugurates DP World’s Nhava Sheva Business Park in India

His Highness: The UAE and India share a long-standing and deep-rooted economic partnership

Mashreq Bank partners with Goldman Sachs Asset Management for discretionary services

New partnership will allow Mashreq to provide discretionary services, enhancing its wealth management offerings

China consumer prices continue downward trend decline amid intensifying trade war

Country faces economic challenges as consumer prices fall for second month

Dell Technologies launches infrastructure innovations to power modern AI-ready data centers

Dell introduced data protection updates designed to help customers strengthen their cyber resilience while controlling costs

EU pauses countermeasures against U.S. tariffs

26 EU member states voted to impose countermeasures just before Trump announced a 90-day pause

World’s top 20 airports for 2025 revealed, Qatar’s Hamad International Airport leads region

Hamad International Airport also won World’s Best Airport Shopping and the Best Airport in the Middle East in 2025

UAE, Indonesia forge new agreements in economy, investment and renewable energy

Agreements established cooperation in security, Islamic affairs, and other areas for a holistic partnership

WTO warns U.S.-China trade tensions could slash global trade by 80 percent, risking 7 percent GDP drop

The preliminary estimate came as Trump raised tariffs on China but paused others for 90 days

Stock market today: Tech, Asian shares surge after Trump pauses tariffs

Tech stocks also witnessed a major increase, with Nvidia shares gaining 18.72 percent and Tesla rising 22.69 percent

Oil prices decline over 1 percent as U.S. ramps up China tariffs

Following the tariff pause for most countries, oil prices settled 4 percent higher on Wednesday

EU approves first wave of countermeasures against U.S. tariffs

The European Union will target a range of U.S. imports starting next Tuesday in response to the U.S. tariffs on metals

Business travel in MENA set to soar to $270.8 billion by 2030: Report

Business travel in the MENA region rose by 50 percent in Q1 2025 compared to Q1 2024

China retaliates with 84 percent tariffs on U.S. goods

The European Union is also preparing its own retaliatory measures for later on Wednesday

Dubai, Abu Dhabi achieve top rankings in 2025 smart city index

AlUla in Saudi Arabia, Kuwait City in Kuwait, and Manama in Bahrain have emerged as notable contenders

Microsoft surpasses Apple as most valuable company amid trade war concerns

On Tuesday, Apple shares fell to an 11-month low during aftermarket trading

UAE and Kazakhstan central banks forge cooperation for financial market regulation, development

Agreement aims to strengthen cooperation and information exchange in areas of mutual interest

UAE strengthens trade with Congo, offers 99.5 percent tariff exemptions: Al Zeyoudi

Congo’s key sectors set to thrive under the new Comprehensive Economic Partnership Agreement

Trump says U.S. will announce “major” tariff on pharmaceutical imports

Trump noted that these tariffs will incentivize drug companies to move their operations to the U.S.