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China
Markets
Dubai gold prices surge AED7.5 as global rates surpass $3,200
Earlier in the session, Bullion scaled an all-time high of $3,219.73, gaining over 5 percent this week
Economy
China consumer prices continue downward trend decline amid intensifying trade war
Country faces economic challenges as consumer prices fall for second month
Economy
EU pauses countermeasures against U.S. tariffs
26 EU member states voted to impose countermeasures just before Trump announced a 90-day pause
Logistics
WTO warns U.S.-China trade tensions could slash global trade by 80 percent, risking 7 percent GDP drop
The preliminary estimate came as Trump raised tariffs on China but paused others for 90 days
Energy
Oil prices decline over 1 percent as U.S. ramps up China tariffs
Following the tariff pause for most countries, oil prices settled 4 percent higher on Wednesday
Markets
Dubai gold prices surge AED4.25, global rates climb as U.S. raises China tariffs
Gold has increased by more than 18 percent in 2025, driven largely by Trump's tariff plans
Economy
China retaliates with 84 percent tariffs on U.S. goods
The European Union is also preparing its own retaliatory measures for later on Wednesday
Bahrain
Dubai, Abu Dhabi achieve top rankings in 2025 smart city index
AlUla in Saudi Arabia, Kuwait City in Kuwait, and Manama in Bahrain have emerged as notable contenders
Energy
Saudi Aramco, China Sinopec announce Yasref petrochemicals complex expansion
This initiative aims to boost Yasref's capabilities and global standing in the petrochemical sector
Miscellaneous
Microsoft surpasses Apple as most valuable company amid trade war concerns
On Tuesday, Apple shares fell to an 11-month low during aftermarket trading
Saudi Arabia
Saudi Arabia achieves top global ranking in empowering women in AI sector: Report
The Kingdom ranked third in AI job growth for 2024 and fourth in leading AI models
Health
Trump says U.S. will announce “major” tariff on pharmaceutical imports
Trump noted that these tariffs will incentivize drug companies to move their operations to the U.S.
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