Economics

Abu Dhabi Securities Exchange, Budapest Stock Exchange sign MoU to explore opportunities for dual listings, cross-border trading

MoU further aims to promote visibility of capital markets through joint events and initiatives

Oman issues Treasury bills worth $56.4 million

The average discount rate and yield for 28-day Treasury bills stood at 3.91071 percent and 3.92248 percent

Luxury travel market customization, personalization expected to hit $620.71 million by 2032: Report

85 percent of hoteliers view personalization as a crucial driver of commercial value

GCC governments’ digitalization push fuels telecom resilient performance, expansion into Europe: S&P

Significant investments in AI and cloud services reflect GCC telcos’ commitment to future-proofing their businesses

UAE’s trade in telecommunication services surges by 4.3 percent to $2.8 billion in 2024

UAE's telecom market hit $12.2 billion in 2024, fueled by 5G, smartphones, and digital investments 

ADQ boosts Aramex ownership to 63.16 percent

Voluntary tender offer for Aramex has become unconditional following receipt of all required regulatory and internal approvals

Dubai 24-carat gold price today hits AED408.25 up AED2.75 as dollar and bond yields fall

U.S. dollar index trades near a one-week low, making gold cheaper for foreign buyers 

Crude oil prices drop 0.75 percent to $68.60 amid rising trade tensions, demand concerns

U.S. tariffs on EU imports are expected to raise trade anxieties beyond the oil sector 

Nvidia H20 AI chip sales to China approved by U.S. amid trade talks

China said win-win cooperation is only way forward in tech dispute

Eurozone inflation rises to 2.0 percent as EU inflation hits 2.3 percent in June 2025

Annual inflation rises as economic pressures continue to shape the eurozone landscape

UAE and Hungary strengthen ties with key agreements in AI, renewable energy, and defense

The exchange ceremony was held at the Prime Minister’s Office in Budapest, Hungary's capital

Crude oil prices rise 0.4 percent above $69.8 as Iraq’s supply concerns boost demand

U.S. crude inventories fell by 3.9 million barrels, exceeding expectations for a substantial decrease