Economics

Lebanon: World Bank approves $250 million loan with plans to increase to $400 million

Finance Minister Yassine Jaber announced loan details after meeting World Bank Vice President Osama Weden 

Saudi Arabia’s non-oil exports surge 14.3 percent to $7 billion in February 2025

National non-oil exports (excluding re-exports) saw a rise of 0.7 percent, totaling SAR16.07 billion

IMF raises Egypt’s growth forecast to 3.8 percent for 2025, 4.3 percent next year

Adjustment improves upon January forecasts of 3.6 percent and 4.1 percent for the economy

Bitcoin jumps over 6 percent to $94,200 as investor confidence rebounds

Market reacted positively after Trump signaled easing trade tariffs

Oman, Russia ink 11 pacts including visa waiver agreement during Sultan’s Moscow visit

The visit marked the 40th anniversary of diplomatic relations established on September 26, 1985 

IMF projects strong UAE economic growth forecast for 2026 at 5 percent

UAE economy is projected to surpass oil-exporting countries, growing 2.6 percent in 2025, 3.1 percent in 2026 

Oil prices climb to $67.99 on declining U.S. crude stocks, trade optimism

U.S. crude oil inventories fell by about 4.6 million barrels last week, per API data

Dubai gold prices drop AED12, global rates fall to $3,340

Prices declined as Trump eased Fed threats and optimism for a trade deal increased

Trump to visit Saudi Arabia, UAE and Qatar as White House confirms mid-May plans

Trump will address Ukraine and Gaza conflicts during his visit to Saudi Arabia, a key U.S. ally

Dubai AI Week 2025: First AI-powered mortgage chatbot launches on WhatsApp

The AI chatbot enables seamless home financing globally, aligning with the UAE's vision for innovation 

10 years of Dubai Business Associates: Sheikh Mohammed celebrates milestone with global alumni

H.H. emphasized that investing in human capital is crucial for developing a creative, innovation-driven economy