China

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

China consumer prices continue downward trend decline amid intensifying trade war

Country faces economic challenges as consumer prices fall for second month

EU pauses countermeasures against U.S. tariffs

26 EU member states voted to impose countermeasures just before Trump announced a 90-day pause

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

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

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

China retaliates with 84 percent tariffs on U.S. goods

The European Union is also preparing its own retaliatory measures for later on Wednesday

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

Saudi Aramco, China Sinopec announce Yasref petrochemicals complex expansion

This initiative aims to boost Yasref's capabilities and global standing in the petrochemical sector

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 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

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.