Economics

UAE gold prices drop AED2.75, global rates muted amid high safe haven demand and trade tariff uncertainty

Copper rose 0.8 percent to $9,486.05 per ton as Chile disruptions mitigated tariff concerns

Oil prices up 0.3 percent to $73.27, recovering from 2-month low; economic concerns persist

West Texas Intermediate (WTI) crude futures climbed 0.4 percent to $69.17 a barrel

UAE, Italy ink 3 investment memoranda to facilitate cooperation in pharmaceuticals, minerals, data centers, AI

In 2023, Italian exports to the UAE were $7.22 billion; UAE exports to Italy were $1.57 billion

UAE: FTA registers intellectual property for ‘Muwafaq’ package

The package aims to boost innovation in taxes, enhancing SME empowerment and tax compliance

New business success index identifies key factors for thriving in Saudi Arabia amid 33 percent expansion urgency

18 percent increase in international companies entering Saudi Arabia from outside MENAT

UAE gold prices decline AED0.25, global rates hit new record high on tariff worries and exchange-traded fund inflows

Spot gold experienced a slight increase of 0.1 percent, reaching $2,939.15 an ounce

Oil prices rise 0.6 percent to $75.19 as new U.S. sanctions on Iran ignite supply concerns

West Texas Intermediate (WTI) crude futures increased by 0.7 percent to $70.92 per barrel

UAE to invest $40 billion in Italy across key sectors, over 40 new agreements signed

Non-oil trade between the two countries grew to $11.7 billion in 2023

UAE joins Kuwait in celebrating 64th National Day as bilateral trade reaches $13.6 billion

The UAE imports 22 percent of Kuwait's non-oil exports, ranking third after China and U.S.

UAE gold prices rise AED1.25 as global rates near record high on weaker U.S. dollar

Markets are focusing on Friday's PCE report, the Federal Reserve's preferred inflation measure

Oil prices fall 0.3 percent to $74.24 amid weak U.S. economic data

West Texas Intermediate (WTI) crude futures fell 0.4 percent to trade at $69.97 per barrel

Leaders of GCC states, Egypt, and Jordan convene in Riyadh to strengthen coordination and consultation

The UAE President thanked King Salman and Crown Prince for organizing the dialogue