Economics

HUMAIN, AWS unveil $5 billion AI Zone in Saudi Arabia to accelerate global AI leadership

The new AI Zone aligns with Saudi Arabia’s Vision 2030 and economic transformation goals

Trump celebrates historic ties with Saudi Arabia in Diriyah following $600 billion investment announcement

Saudi-U.S. relations deepened as Trump secured $600 billion investment commitment to the Kingdom

Crude oil prices dip to $66.24, near two-week highs amid U.S.-China tariff optimism

Expectations of a significant increase in U.S. oil inventories tempered optimism in the market for now

Dubai gold price today falls AED3.25 amid easing trade tensions

Positive developments in U.S. trade policy are diminishing the appeal of gold in the short-term

Goldman Sachs cuts U.S. recession forecast to 35 percent, raises 2025 GDP growth to 1 percent

The revision follows a landmark agreement between the U.S. and China will lower tariffs for 90 days

Dubai real estate: Emaar Properties posts $2.74 billion in Q1 2025 revenue, a 50 percent increase YoY

The company reported a net profit before tax of $753 million, up 49 percent

Shurooq’s $1.96 billion investments fuel 52 projects in 15 years of development in Sharjah

Key initiatives include AED5 billion in real estate and AED850 million in hospitality projects

UAE Cybersecurity Council partners with e& UAE to launch Al Ain Innovation Center

The center will support applied research, talent development, and startup initiatives in critical technologies

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