Economics

Oil prices fall to $62.50 as trade war weighs on demand, supply concerns rise

Trump's tariffs have raised fears of a potential recession in the global economy this year 

Dubai gold prices drop AED0.75, global rates steady ahead of key U.S. economic data

U.S. consumer confidence dipped to its lowest point in nearly five years amid tariff concerns 

Dubai Land Department (DLD) hosts ‘Dubai Real Estate Connect’ event to boost investments from India

Initiative aligns with Dubai’s Real Estate Promotion Strategy to enhance international investment ties 

Abu Dhabi’s HELM cluster to create 30,000 jobs, fuel $25.6 billion economic growth by 2045

The cluster seeks to generate $11.4 billion in investments by that timeframe

Dubai International Financial Centre (DIFC) posts 35 percent growth with gross written premiums of $3.5 billion in 2024

Surge highlights the center's pivotal role in the insurance sector amid global challenges

New UAE stablecoin initiative to empower businesses with blockchain for seamless transactions

The stablecoin will be regulated by the Central Bank of the UAE, enhancing payment ease 

Crude oil prices drop to $65.41 amid investor concerns surrounding U.S.-China trade relations

U.S. crude oil stockpiles likely rose by about 500,000 barrels in the recent week

Dubai gold prices up AED5, global rates hold above $3,300

Investors will watch key U.S. economic reports this week, including job openings and payroll data 

Dubai World Trade Centre (DWTC) generates $6.1 billion in economic output in 2024 from over 2 million attendees

Large-scale events generated AED2.9 billion in sales value, showcasing Dubai's vibrant economy

Upcoming $950 million T-bill auction by CBE aims to cover previous dollar tender maturity

CBE allows local and foreign institutions to subscribe to T-bills, starting at a minimum of $100,000 

Strong economic indicators signal 3.4 percent GDP growth for Oman in 2025

Foreign direct investment inflows surged by 16.2 percent in Q3 2024 compared to 2023