Central Bank

UAE gold prices rise AED2.5, global rates set for seventh weekly gain amid trade war risks

On Thursday, Trump asked his economics team to set up plans for reciprocal tariffs on every country taxing U.S. imports

Trump pushes for lower interest rates despite January’s 3 percent inflation rise

These comments follow Powell's statement that policymakers shouldn't rush to cut rates amid inflation

Saudi Central Bank permits 4 fintech startups to operate under Regulatory Sandbox

This highlights SAMA’s ongoing commitment to advancing the Saudi fintech sector, promoting financial inclusion and innovation

UAE gold prices drop AED1.75 as global rates decline from record highs after Fed Powell’s remarks

The U.S. Consumer Price Index (CPI) report is scheduled for release at 13:30 GMT later today

Oil prices dip to $76.75 following increase in U.S. crude stockpiles

U.S. West Texas Intermediate (WTI) crude fell by 28 cents, or 0.4 percent, to $73.04 a barrel

Global economy in 2025: A year of caution and challenges

In the MENA region, 64 percent of chief economists surveyed by the World Economic Forum (WEF) expect moderate growth

UAE gold prices up AED2.5, global rates hit record high amid Trump tariffs

Trump's 25 percent tariffs on steel and aluminum imports raised inflation fears, escalated trade tensions

UAE Ministry of Finance unveils cabinet decision to introduce top-up tax for multinational enterprises

The UAE DMTT is closely aligned with the GloBE Model Rules issued by the Organisation for Economic Co-operation and Development (OECD)

UAE gold prices up AED2.75 as global rates near records amid Trump tariffs threats

Trump announced 25 percent tariffs on all steel and aluminum imports, escalating trade policy amidst existing metal duties

UAE gold prices rise AED1.25, global rates set for sixth consecutive weekly gain

Gold hit an all-time high of $2,882.16 on Wednesday and has gained more than 2 percent this week

Bank of England cuts interest rates to 4.5 percent, lowest since 18 months

This decision follows December's unexpected inflation drop from 2.6 percent to 2.5 percent