business

Abu Dhabi to host AI Everything Global in 2026 as it aims to become first fully AI-powered government

Over 500 AI officers and tech executives will join 150 top investors managing $70 billion

UAE gold prices climb AED2.75, global rates hit record high as investors seek safe-haven amid tariff conflict

Prices rose after China imposed tariffs on U.S. imports in response to new American duties

Oil prices fall 0.1 percent to $76.13 amid U.S.-China tariff tensions

Crude oil WTI futures for March delivery rose by 0.1 percent, reaching $72.44 a barrel

Oman’s Central Bank issues treasury bills worth $59.7 million

The value of the allotted Treasury bills amounted to $1.55 million, for a maturity period of 28 days

Saudi Fund for Development, Pakistan finalize $1.2 billion financing agreement for oil derivatives

Saudi Arabia's SFD has provided $6.7 billion in oil derivatives support to Pakistan since 2019

What Trump’s sovereign wealth fund means for TikTok

Trump proposed a sovereign wealth fund to address American security and user privacy concerns

Saudi Arabia’s non-oil economy records best performance since 2014 in January, says PMI

Saudi Arabia witnessed a rise in export sales, which was another factor behind the sharp increase in total new orders

OPEC+ sticks to oil production plan, ditches U.S. EIA from oversight sources

EIA was removed due to inadequate communication, not because of political motivations or pressures, OPEC said

Oil prices drop 0.7 percent to $75.47 following Trump’s delay of tariffs on Canada and Mexico

Crude oil WTI futures expiring in March dropped 1 percent to $71.70 a barrel.

UAE’s FTA corporate tax awareness initiatives attract over 15,700 participants, rising 8.7 percent in 2024

In 2024, 96 percent of FTA attendees expressed satisfaction with the informative nature of awareness events

Sustainability in UAE mega projects boosts bonds and sukuk issuances

UAE's issuance growth will stem from $35 billion Al Maktoum Airport and $8.2 billion drainage projects.

Kuwait projects $58.9 billion revenue in draft budget for 2025-26

Non-oil revenues are expected to increase by 9 percent to $9.4 billion, says finance minister