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Gold Rate
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China
Markets
Gold prices hit one-week high ahead of Fed meeting
Market dynamics and global economic developments shape precious metal's outlook
Economy
OECD raises global growth outlook to 2.9 percent in 2024
Shipping and energy supply disruption are currently the most threatening factors to the global economy
Markets
Oil prices decline following Fed’s interest rate cut signals
Despite economic and geopolitical crises, 2024 will be a healthy year for the oil market
Markets
Oil prices fall as China’s economic activity weighs on sentiment
But set for monthly gain since September
Markets
Oil prices rise on regional tension fears and China demand concerns
Traders reevaluate Middle East supply risks as China's real estate woes deepen
Banking & Finance
UAE makes first cross-border digital dirham payment, transferring $13.6 million to China
Transaction took place during a celebration marking the 50th anniversary of the CBUAE
Real Estate
China’s property giant Evergrande ordered to liquidate by Hong Kong court
As debt talks fail
Logistics
Qatar reports $5.13 bn trade balance surplus in December 2023
Year-on-year decrease but a monthly increase in foreign merchandise trade
Markets
Oil market on edge: WTI prices surge amidst geopolitical turmoil
Supply concerns intensify following rise in Red Sea tensions
Markets
Oil prices decline following surge to highest levels since December
Red Sea disruptions and global tensions raise supply chain concerns
Technology
Apple’s iPhone becomes China’s best-selling smartphone for the first time in 2023
Apple had a record market share of 17.3 percent in 2023
Economy
Mitigating China’s economic crisis: Emphasizing proactive measures over remedial strategies
Concerns rise among Beijing policymakers over declining prices
Markets
Oil prices increase amid U.S. crude storage and production decline
Chinese economic stimulus and a weaker output contribute to the complex oil market dynamics
Economy
Russia and India partner to create a digital economy in BRICS expansion
Both countries are also exploring a native BRICS currency
Energy
Chinese startup introduces innovative nuclear battery
Atomic energy breakthrough could revolutionize tech industries
Banking & Finance
UAE emerges as global FDI hotspot, second only to the U.S.
Global FDI flows in 2023 witnessed a marginal 3 percent increase
Markets
Oil prices slide amidst dollar surge and Middle East tensions
Geopolitical risks offset greenback gains, keeping oil market on edge
Logistics
China’s exports drop as crude oil imports hit record highs
Imports of crude oil increased last year by 11 percent
Markets
Gold prices surge over $2,030 amid escalating geopolitical tensions
Yellow metal gains safe-haven appeal as U.S. dollar weakens
Economy
China estimates GDP growth rate at 5.3 percent in 2024
Key contributions from consumption, investment, and emerging industries
Technology
Generative AI market projected to reach $1 trillion by 2031
UAE and Saudi Arabia are emerging as key global players
Sustainability
China operates world’s largest high-altitude wind farm in Tibet
Boasting a capacity of 200 million kilowatt-hours
Technology
Baidu’s Ernie bot surpasses 100 million users, rivals ChatGPT
Chinese tech giant challenges competitors and expands global reach
Logistics
Half of Russia’s oil exports go to China and India in 2023
China oil export shares have risen to approximately 45 to 50 percent
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