Central Bank
In the MENA region, 64 percent of chief economists surveyed by the World Economic Forum (WEF) expect moderate growth
Trump's 25 percent tariffs on steel and aluminum imports raised inflation fears, escalated trade tensions
The UAE DMTT is closely aligned with the GloBE Model Rules issued by the Organisation for Economic Co-operation and Development (OECD)
Trump announced 25 percent tariffs on all steel and aluminum imports, escalating trade policy amidst existing metal duties
Gold hit an all-time high of $2,882.16 on Wednesday and has gained more than 2 percent this week
This decision follows December's unexpected inflation drop from 2.6 percent to 2.5 percent
The reserves were recorded at $47.109 billion in December
Gold prices hit an all-time high of $2,882.16 in the previous session
Currency issued fell 5.2 percent to OMR1.5 billion by November 2024 from OMR1.58 billion
Annual gold investment reached a four-year high of 1,180 tons, rising 25 percent year-on-year
Prices rose after China imposed tariffs on U.S. imports in response to new American duties
