Economics

Eid al-Adha 2025: Key challenges businesses face during the celebrations

Businesses must address workforce management challenges during Eid to maintain operations

UAE and Kuwait enhance partnerships in AI, energy, transportation through strategic MoUs

Key sectors include oil and gas, social development, and infrastructure to support mutual goals 

Saudi Arabia’s non-oil private sector surges to 55.8 in May 2025 fueled by construction boom

New order volumes rebounded significantly, propelled by heightened demand and robust sales performance

GCC equities attract $1.87 billion in foreign investments, indicating market recovery: Report

The UAE attracted $764 million in foreign capital as global equity markets stabilize and recover 

Sheikh Hamdan highlights DMCC’s role in driving global trade during visit to world’s largest diamond tender facility

His Highness’ visit underscores Dubai’s commitment to economic diversification and attracting global talent and investment 

Dubai 24-carat gold price today up AED3.25 amid heightened tariff concerns

Upcoming U.S.-China trade discussions could impact gold prices as tensions remain high

UAE, Sweden to strengthen bilateral ties through cooperation in AI and renewable energy

Ambassador Floren praised the UAE’s open policy and its success in establishing strategic partnerships globally

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

Discussions aimed at strengthening bilateral ties and improving international financial institutions

AI job disruption and trade tensions raise global economic uncertainty, WEF warns

WEF’s economic outlook revealed 47 percent of economists anticipate job losses due to AI transformation

Oman public revenues reach $6.85 billion by end of Q1 2025 

Net oil revenue totaled OMR1,468 million at the end of Q1 2025, marking a 13 percent drop 

Ras Al Khaimah’s GDP to hit 4.3 percent in 2027-2028 on strong tourism, real estate: S&P

The emirate's economic growth will weaken modestly to average 3.3 percent in 2025-2026