China

China’s artificial intelligence industry reaches nearly $83.45 billion by April 2025

Over 1.5 million AI patent applications have been filed in China, accounting for 40 percent globally 

RAKEZ bolsters UAE-China trade, investment ties in multi-city mission across China

Business leaders from both countries explored cooperation in energy, logistics, technology, healthcare, green energy and more

China grants 30-day visa-free entry to Saudi, Kuwaiti, Omani, and Bahraini citizens starting June 2025

The new visa-free policy will allow stays of up to 30 days for various purposes in China

WeRide launches robotaxis in Saudi Arabia, advancing Vision 2030 with smart mobility and traffic tech

This initiative supports Saudi Arabia's Vision 2030 by enhancing road safety and traffic management 

Saudi Arabia, China strengthen financial cooperation in tax policy and capital markets

Discussions aimed at strengthening bilateral ties and improving international financial institutions

Saudi Arabia’s non-oil exports rise 13.4 percent to $21.6 billion in Q1 2025

China remained the main destination for Saudi Arabia's exports, accounting for 15.7 percent of total exports in Q1 2025

Dubai 24-carat gold prices steady, global rates set for best week in over a month

The dollar has lost more than 1 percent so far this week and is set for its worst weekly performance since April 7

China cuts benchmark lending rates for first time since October to stimulate economy

The Central Bank lowered one-year loan prime rate to 3.0 percent amid economic challenges 

Crude oil prices hold above $65.4 amid strong Asian demand, U.S. economic uncertainties

Moody's downgrade of U.S. credit rating raises concerns about economic outlook and oil prices

Crude oil prices hold steady at $65.36 amid trade tensions, economic data from China

Both contracts saw a rise of over 1 percent after the U.S. and China paused tariffs

Dubai 24-carat gold price today rises as soft dollar boosts safe-haven demand

Spot gold rose 0.7 percent to $3,223.55 an ounce amid global market fluctuations

U.S. economy forecast raised to 0.5 percent this year, 1.6 percent in 2026: Barclays

The bank noted that the U.S. eonomy showed resilience as recession fears subsided