Economics

Dubai government launches world’s first crypto payments for cashless services

Dubai Finance partners with Crypto.com to revolutionize government payments with cryptocurrencies

Crude oil prices drop to $64.83 amid supply concerns, U.S.-China trade deal

U.S. and China cut tariffs temporarily, boosting markets but leaving uncertainties unresolved.

Dubai gold prices rise AED6.25, global rates hover near over one-week low

U.S. and China announced tariff reductions, boosting global shares and altering market dynamics

Dubai climbs to 4th globally, leads GCC, Arab World & Asia in 2025 smart city index

Eight-place jump reflects commitment to digital transformation, innovation, and enhanced quality of life for all residents

UAE to issue $8 billion of local currency debt to support domestic capital market growth: S&P

The UAE's well-capitalized and liquid banks stand ready to provide funding if capital markets become unsupportive, ensuring stability

OMNIYAT debuts $500 million green sukuk on Nasdaq Dubai

Successful launch highlights conviction that profitability and a positive environmental impact are mutually reinforcing

ADNOC L&S reports $1.181 billion Q1 2025 revenue — 41 percent surge led by logistics and shipping gains

EBITDA rose by 20 percent to $343.6 million, driven by robust performance across all business segments

U.S. and China ease trade tensions with 90-day deal, tariffs cut by over 100 percent

Tariff news boosted dollar and markets, alleviating economic downturn concerns

Trump’s Middle East trip to strengthen economic, strategic bonds with Gulf allies

Secretary Rubio will join the President during his trip to the Middle East to strengthen ties between the U.S.

Dubai’s Parkin drives $37.2 million net profit in Q1 2025 amid expansion

Revenue rose 27 percent to $74.4 million, with strong operational performance citywide

Dollar diversification: Why now?

Global investors are selling U.S. equities at a record pace, surpassing levels seen during COVID shock