Economics

UAE’s ADNOC awards $17.9 billion in contracts to 400 local companies in H1 2025

The awards cover critical sectors, emphasizing ADNOC's commitment to prioritizing local suppliers in procurement

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

Saudi Arabia’s inflation reaches 2.3 percent in April 2025, among lowest in G20 nations

GASTAT measures prices through a fixed basket of 490 goods and services paid by consumers

Abu Dhabi’s Masdar achieves $6.6 billion oversubscription in latest green bond issuance

The bond was issued in two equal tranches of $500 million with competitive coupon rates

Nahyan Bin Mubarak opens Economy Middle East Summit 2025, gathers public and private sectors to drive sustainable growth

H.E. Sheikh Al Nahyan: “By working together, we can ensure that the Middle East is not only resilient in a changing world — but energized with new possibilities”

UAE-U.S. clean energy partnership aims to mobilize $100 billion by 2035

Abu Dhabi’s Masdar targets a clean energy portfolio of 25GW in the U.S. over the next decade 

Saudi Arabia’s wholesale inflation hits 6-month high at 2.0 percent in April 2025

Agricultural and fishery product costs surged, leading to the acceleration in wholesale price inflation

Trump’s UAE visit may unveil $100 billion AI deal, create 20,000 new jobs

Cooperation will expand in key areas such as technology, energy, and innovation between the nations

U.S. President departs Riyadh following a ‘historic’ visit

Key discussions centered on defense, energy, technology, and space collaborations between the nations

GCC-U.S. Summit: Saudi Crown Prince highlights $120 billion trade volume with U.S.

The Middle East is experiencing a historic transformation under Saudi leadership, said U.S. President Trump