Economics

Canada to impose $20.7 billion retaliatory tariffs on U.S.

Canada stands as the largest foreign supplier of steel and aluminum to the U.S.

CBUAE: Gross banks’ assets rise 2.4 percent to $1.24 billion at end of December 2024

CBUAE reported M1 money supply rose 2.3 percent to $257.7 billion by December 2024

UAE gold prices up AED3, global rates rise on tariff uncertainty

Trump's tariffs may fuel inflation, pushing safe-haven gold to a record high of $2,956.15

Oil prices steady after rising above $70; recession and oversupply fears linger

Crude prices rose from three-year lows, aided by improving sentiment and a weaker dollar

Bahrain: 23 opportunities through land investment platform announced

This expansion showcases greater utilization of government assets to boost economic growth and private partnerships

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