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Economics
Markets
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
Energy
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
Economy
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
Banking & Finance
UAE: FTA registers intellectual property for ‘Muwafaq’ package
The package aims to boost innovation in taxes, enhancing SME empowerment and tax compliance
Economy
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
Markets
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
Energy
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
Economy
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
Economy
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.
Markets
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
Energy
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
Bahrain
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
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