business

OPEC projects $10.6 trillion investment needed for oil sector by 2040

OPEC Secretary General emphasized the need for balanced policies to achieve energy security and climate goals 

Moody’s upgrades Oman’s credit rating to Baa3 with stable outlook, citing improved debt metrics

Oman’s government debt burden fell to 35.5 percent of GDP, continuing an improvement trend since 2020 

UAE, Chad discuss strategies for enhancing collaboration in the financial sector

The meeting included several senior Chadian officials, highlighting strong diplomatic ties between the nations

Qatar and China boost air traffic efficiency with strategic cooperation agreement

Trade between the two countries surged from $10.6 billion in 2014 to $24.5 billion in 2023 

Dubai real estate: Ultra-prime homes represent 4 percent of market volume in 2025

Notable deals in H1 2025 included a record-breaking AED 425 million sale in Emirates Hills and an AED 300 million beachfront villa on The Palm Jumeirah

Bitcoin surges past $118,000: What’s fueling the crypto market’s optimism?

Institutional investors are returning, viewing Bitcoin as a hedge against economic uncertainty

U.S. unveils 35 percent tariff on Canada amid plans for 15-20 percent blanket tariffs on other countries

Canada is the second-largest U.S. trading partner, purchasing $349.4 billion in goods last year 

MWC25 Doha to showcase AI, 5G, and digital innovation in the Middle East

The event agenda will spotlight the intersection of emerging technologies and economic transformation

Central Bank of Egypt maintains interest rates as GDP growth projected at 4.8 percent

Annual headline inflation decreased to 15.3 percent during Q2 2025

Sheikh Mohammed highlights Dubai’s commitment to sustainable growth, community empowerment

H.H. met with prominent citizens, business leaders, investors, and officials at the Union House in Dubai

Dubai 24-carat gold price today hits AED400.25 nearing weekly high as demand rises, new tariffs announced

Trump's new tariffs continue to drive safe-haven flows toward gold as investors seek stability 

Crude oil prices rise to $68.74 amid OPEC+ output increases, escalating tariff concerns

OPEC+ agreed to increase production by 548,000 barrels per day in August, pressuring oil prices