Economics

Trump and Putin to meet next week as tariffs on Russian oil loom

The first meeting between the two leaders since Biden and Putin's discussions in June 2021 

China maintains A+ credit rating from S&P Global as growth projections remain positive

S&P’s stable outlook reflects confidence in China achieving self-sustaining growth over the next years 

Bank of England cuts interest rate to 4 percent, stresses caution for inflation control

The bank shifted its tone, suggesting a nearing end to aggressive monetary policy tightening

U.S. tariffs begin today, impacting European imports and over 60 countries

The new tariffs target goods from the EU, Japan, and South Korea at 15 percent

ADNOC Distribution posts highest-ever H1 EBITDA of $566 million, up 10 percent YoY

Net profit rose by 12.2 percent YoY, reaching $358 million during this period

Dubai’s Emaar Properties reports 46 percent surge in property sales to $12.5 billion in H1 2025

Company’s revenue backlog reached $39.8 billion, highlighting strong future revenue visibility and growth

U.S. trade deficit narrows by 16 percent in June to $60.2 billion as tariff rates surge to highest since 1934

Exports of goods and services totaled $277.3 billion in June, reflecting ongoing economic adjustments

UAE inks agreement to empower Emirati professionals with global standards in accounting and financial management

The partnership emphasizes the importance of investing in human capital for sustainable development

Riyadh launches mandatory infrastructure projects code to standardize regulatory guidelines

The code enhances safety and compliance while minimizing disruptions to daily urban life.

WHX Dubai, WHX Labs to gather 270,000 leaders from 180 nations in February 2026 to tackle global healthcare challenges

Last year’s event generated $2.57 billion, showcasing the immense business potential in healthcare.

Stock market update: Tariff jitters cause U.S. volatility; Asian and European markets show resilience

Investors remain cautious while hoping for negotiation breakthroughs and more accommodating monetary policy

Dubai 24-carat gold price dips to AED407, global rates decline as investors await Trump’s Fed appointments

U.S. dollar strength dampens gold's appeal, with spot gold trading slightly down at $3,376.01 per ounce