Economics

Oil prices edge lower to $64.49 as IEA warns of slowing demand growth

U.S. West Texas Intermediate crude fell by 16 cents, also down 0.3 percent, to $61.17

Dubai gold prices up AED5.25, global rates reach new high amid trade worries

The dollar index fell 0.4 percent, making gold more attractive to foreign currency holders

Apple regains top position: Shares rise amid tariff relief, market value surpasses $3 trillion

Trump announced lately that phones, computers, and chips would be exempt from the new tariffs

U.S. stocks rise on tariff exemptions, Asia shares gain amid auto industry boost

The White House announced recently exemptions for smartphones and computers from new tariffs

Oil prices rise to $65 on U.S. tariff exemptions, China crude demand

Trump is considering changes to the 25 percent tariffs on foreign auto imports from various regions

Dubai gold prices up AED0.5, global rates firm amid U.S. tariff uncertainty

In Dubai, gold rates achieved remarkable gains, with 24-carat gold rising by AED0.5 to AED389

Hospitality and tourism in the Middle East: Unstoppable moving forward

The region recorded the strongest relative increase in international arrivals in 2023, with visitor numbers reaching 83 percent of pre-pandemic levels

Rapid expansion of Saudi space economy to reach $31.6 billion by 2035: Report

The Kingdom’s space market is anticipated to reach $5.6 billion by 2035

Oil prices drop to $64.47 as U.S.-China trade war affects global growth outlook

Goldman Sachs expected oil prices to decline through 2026

Dubai gold prices up AED3.25, global rates retreat post tariff exemptions

Goldman Sachs hiked 2025 gold price target to $3,700/oz

Saudi Arabia sees 89 percent growth in tourist hospitality facilities in 2024

Makkah leads Saudi tourism surge with 1,030 new hospitality licenses