business

GCC inflation rate hits 1.7 percent by December 2024 on rising housing prices: GCC-Stat

Housing prices increased by 5.9 percent, significantly impacting the overall inflation rate in the region

Make it in the Emirates launches in Abu Dhabi with focus on AI-driven manufacturing

Over four days, attendees will discuss national content and smart industrial transformation in depth

UAE’s ADNOC awards $17.9 billion in contracts to 400 local companies in H1 2025

The awards cover critical sectors, emphasizing ADNOC's commitment to prioritizing local suppliers in procurement

Crude oil prices hold steady at $65.36 amid trade tensions, economic data from China

Both contracts saw a rise of over 1 percent after the U.S. and China paused tariffs

Dubai 24-carat gold price today rises as soft dollar boosts safe-haven demand

Spot gold rose 0.7 percent to $3,223.55 an ounce amid global market fluctuations

Dubai Finance, DIFC partner to advance cashless strategy through governance, innovation 

Partnership includes workshops to implement best practices for a cashless economy across Dubai

U.S. economy forecast raised to 0.5 percent this year, 1.6 percent in 2026: Barclays

The bank noted that the U.S. eonomy showed resilience as recession fears subsided

UAE, U.S. ink landmark agreement for advanced AI semiconductor purchases

The agreement will generate significant business and boost the UAE's AI ambitions

Abu Dhabi’s Masdar achieves $6.6 billion oversubscription in latest green bond issuance

The bond was issued in two equal tranches of $500 million with competitive coupon rates

Bridgestone: Transformation in motion from tire manufacturer to a developer of advanced mobility solutions

Jacques Fourie, president of Bridgestone Middle East and Africa, shares his views on what’s driving the company to achieve new milestones in its journey to become a leading sustainable mobility solutions provider

Gulf sovereign wealth funds and the Santiago Principles: Navigating a new era

Funds from the region have largely operated with commercial considerations, emphasizing governance, independence, and long-term investment strategies

Abu Dhabi rising: The growing international influence of the ‘Capital of Capital’

We ask Arvind Ramamurthy, chief of market development at ADGM, for his insights on the future of the leading international financial center