business

Trump, Sheikh Tahnoon discuss strengthening UAE-U.S. ties in key sectors

Both parties explored long-term collaboration opportunities in AI, healthcare, and industrial development

Kuwait, China establish framework agreement for renewable energy technology

The agreement was the result of six months of negotiations and aims to enhance cooperation at all levels

Global GDP growth to slow from 3.2 percent in 2024 to 3.0 percent by 2026: OECD

OECD warned that increased trade restrictions will hurt global economic performance and raise inflationary pressures

Saudi Arabia’s IsDB commits over $1.4 billion to advance development goals across eight member countries

Approved projects in food security, health, education, and transportation support achieving the SDGs

U.S. Bitcoin ETFs record $5.4 billion in outflows in five weeks

Bitcoin has dropped 21 percent over the last three months

Air Arabia shareholders approve 25 percent dividend after $435.6 million profit before tax

In 2024, Air Arabia added 31 new routes from its hubs in the UAE, Morocco, Egypt, and Pakistan

Kuwait central bank issues bonds valued at $792 million

The issuance is valid for three months, at an income rate of 4.125 percent

ADNOC Drilling greenlights $788 million 2024 dividend, boosts AI-driven expansion

The final shareholder-approved cash dividend payment for 2024 amounts to $394 million

UAE gold prices surge AED2.25, global rates climb over $3,000 on tariff fears

Increased geopolitical tensions in the Middle East heightened the demand for safe havens

UAE National Bonds sees 22 percent growth, portfolio hits $4.3 billion in 2024

Growth is attributed to the rising number of regular savers and the increasing adoption of digital solutions 

Saudi Arabia’s inflation steady at 2 percent in February, among lowest in G20

The CPI measures the changes in prices paid by consumers for a fixed basket of 490 goods and services

Trump says ‘no intention’ to alleviate steel, aluminum tariffs

The U.S. President said reciprocal duties on U.S. trading partners would be implemented alongside auto tariffs