Economics

Crude oil prices rise above $63.85 amid supply risks from Venezuela, OPEC+ expectations

Investors weigh supply risks after U.S. bars Chevron from exporting Venezuelan crude oil under new authorization

Dubai 24-carat gold price today rises AED1.5 as market awaits key economic data

Spot gold was up 0.3 percent at $3,308.99 an ounce as of 0237 GMT, recovering slightly

GCC, Malaysia to strengthen trade relations through new agreement

The signing marks the start of negotiations covering various sectors of mutual interest

Dubai’s 24-carat gold price today drops above AED394, global rates near two-week high

Weaker dollar boosts gold's appeal, with concerns over U.S. budget deficit supporting prices

Egypt reports record primary surplus of GDP at 3.1 percent from July to April 2025

The debt-to-GDP ratio has declined, showing commitment to maintaining this positive financial trend 

UAE, Azerbaijan central banks sign MoU to strengthen financial cooperation and exchange expertise

Both parties aim to deepen technical cooperation through training, research, and knowledge exchange 

UAE and Oman deepen strategic ties as Dubai Crown Prince leads landmark visit

Discussions will explore avenues for strategic partnerships and cooperation across various sectors

Dubai 24-carat gold price surpasses AED404 as global rates fall on Trump’s EU tariff extension

Rising gold prices reflect safe-haven buying as U.S. tariffs loom over European imports

Trump proposes 50 percent tariffs on EU as Apple risks 25 percent unless manufacturing moves to U.S. 

Trade discussions between Trump’s administration and the EU have been described as going nowhere

Eid al-Adha 2025: How the festival fuels economic growth across the GCC and globally

Intra-GCC tourism peaks during Eid, enhancing hospitality and entertainment sectors across multiple countries.

Egypt’s central bank cuts interest rates as growth accelerates, inflation slows

The MPC has adjusted the overnight deposit rate to 24 percent and lending rate to 25 percent 

Qatar tourism contributes $15.1 billion to GDP in 2024 with 12 percent 2030 target

International visitors spent nearly $11 billion, with a 25 percent increase in arrivals noted