business

Saudi banks successfully navigate external debt growth amid market challenges: S&P

The rise in interbank liabilities accounted for 55 percent of Saudi banks' external debt increase

GCC countries contribute over 35 percent of all emerging-market U.S. dollar debt in Q1 2025, Fitch reports

Primary market dollar issuance shows promise despite recent quietness in the GCC region

Dubai South: Business aviation movements grow 15 percent to 5,275 in Q1 2025

Strong Q1 growth builds on MBRAH's historic 17,891 private jet movements in 2024

Oil prices fall to $62.50 as trade war weighs on demand, supply concerns rise

Trump's tariffs have raised fears of a potential recession in the global economy this year 

Dubai gold prices drop AED0.75, global rates steady ahead of key U.S. economic data

U.S. consumer confidence dipped to its lowest point in nearly five years amid tariff concerns 

UAE MoHRE, ADIB launch instant digital wallet for corporate payments

Corporate customers can now make instant payments for MoHRE services through the new wallet 

Dubai Land Department (DLD) hosts ‘Dubai Real Estate Connect’ event to boost investments from India

Initiative aligns with Dubai’s Real Estate Promotion Strategy to enhance international investment ties 

Dubai International Financial Centre (DIFC) posts 35 percent growth with gross written premiums of $3.5 billion in 2024

Surge highlights the center's pivotal role in the insurance sector amid global challenges

New UAE stablecoin initiative to empower businesses with blockchain for seamless transactions

The stablecoin will be regulated by the Central Bank of the UAE, enhancing payment ease 

Crude oil prices drop to $65.41 amid investor concerns surrounding U.S.-China trade relations

U.S. crude oil stockpiles likely rose by about 500,000 barrels in the recent week

Dubai gold prices up AED5, global rates hold above $3,300

Investors will watch key U.S. economic reports this week, including job openings and payroll data