Economics

EU countermeasures to Trump’s tariffs effective April 1

Negotiation remains a possibility, as tariffs could burden economies amid geopolitical and economic uncertainties

U.S.-Canada trade tensions escalate as Trump boosts, then retracts metal tariffs

Trump's actions, spurred by Doug Ford's electricity charge threat, unsettled markets and inflation concerns

Saudi Arabia hosts U.S.-Ukraine talks in Jeddah

These discussions are vital for the Kingdom's efforts to address the Ukraine crisis and promote peace

Abu Dhabi Islamic Bank shareholders approve $825 million cash dividend, 50 percent of 2024 net profit

The AGM highlighted ADIB's strong business momentum and the exceptional 2024 performance

UAE gold prices fall AED1.75, global rates see uptick as dollar weakens, safe-haven demand rises

The dollar index neared a four-month low, making bullion cheaper for global buyers

Oil prices drop to $68.77, nearing three-year low on tariff fears

West Texas Intermediate crude futures fell by 0.8 percent to $65.15 a barrel

Alpha Dhabi, Mubadala’s credit joint venture achieves $1 billion portfolio milestone

This accomplishment is vital for the partnership's goal of deploying $2.5 billion by 2028

GCC inflation reaches 1.7 percent by end of October 2024, reports GCC-Stat

Annual inflation is driven by housing prices up 6.4 percent, goods and services 3 percent, hotels 1.7 percent

Saudi Arabia’s GDP up 1.3 percent in 2024, driven by non-oil sector growth

The growth stemmed from a 4.3 percent rise in non-oil and a 2.6 percent increase in government activities.

UAE gold prices up AED0.25, global rates rise on dollar weakness

Concerns over a potential global trade war shifted investors to safe-haven assets, raising gold prices

Oil prices fall to $70.10 on weak Chinese inflation, Trump tariffs

West Texas Intermediate crude futures saw a similar decline of 0.4 percent to $66.48 a barrel

Sheikh Khaled attends first Majlis Mohamed bin Zayed Ramadan session, titled ‘The Future of Finance in the Age of Intelligence’

The session examined the ways in which artificial intelligence is revolutionizing the banking landscape