Economics

Dubai 24-carat gold price today dips to AED400.50 as traders eye Fed’s upcoming decisions

Fed Governor Waller indicated the need for a policy rate reduction amid escalating economic risks

Oman classified as largely compliant with international standards on tax transparency 

High ranking reflects Oman’s dedication to principles of transparency and governance globally 

Bahrain Crown Prince, U.S. President announce $17 billion investment package in security and trade

Bahrain's relationship with the U.S. has thrived for over 130 years, promoting mutual support and growth

UAE and Türkiye sign MoUs to boost investment in tourism, agriculture, and industry

Formal ceremony for the agreements took place at the Presidential Palace in Ankara, showcasing unity

Oil prices rise with Brent crude up 0.1 percent above $68.50 on strong demand data

OPEC projects better global economic performance in the second half, improving oil demand expectations

Dubai 24-carat gold price today drops to AED402.75 as dollar strengthens, Trump weighs in on Powell

Investor sentiment shifts as Trump reassures he won’t dismiss Powell, impacting gold prices 

Gold prices: Three scenarios for yellow metal’s trajectory as prices soar to all-time highs in H1 2025

The yellow metal surged by 26 percent in U.S. dollar terms, achieving double-digit returns across currencies

OPEC highlights resilience of UAE non-oil economy amid strong PMI growth in June

The June PMI rose to 53.5, indicating ongoing expansion despite slight deceleration in momentum 

40 percent of adults in developing economies save in financial accounts as mobile tech drives 10 percent growth

Nearly 80 percent of adults worldwide now have a financial account, up from 50 percent in 2011

UAE President arrives in Türkiye on state visit, received by Turkish counterpart

His Highness is accompanied by a delegation of senior officials, enhancing diplomatic ties between nations

Qatar Airways announces resumption of three weekly flights to Aleppo starting August 10

Flights will increase to four weekly from September 1, enhancing travel options for passengers 

Dubai Metro Blue Line: $5.6 billion mega infrastructure project secures funding from Emirates NBD

Scheduled for completion by September 2029, it will serve approximately 350,000 daily passengers by 2040