Economics

Bank of England maintains interest rates at 4.25 percent citing a “highly unpredictable world”

Governor emphasized that interest rates are on a gradual downward path for the U.K.

OPEC Fund unveils $720 million financing to support global development initiatives in several countries

A $212 million loan with Oman will improve connectivity through the Khasab–Daba–Lima Road Project 

World Bank projects stronger medium-term growth across GCC economies

The GCC's rebound is expected to be fueled by the phasing out of OPEC+ oil production cuts and continued expansion in non-hydrocarbon sectors

Bahrain, Russia sign key customs agreement to boost trade ties 

The initiative aims to streamline trade and promote border security between both countries

U.S. Treasury to sell $183 billion in bonds this month

Auction results for two-year, five-year, and seven-year notes will be announced next week 

Dubai Multi Commodities Centre sees 7 percent increase in U.S. companies, fueled by recent UAE-U.S. agreements 

DMCC is home to over 45 percent of the estimated 1,500 American companies in the UAE 

UAE economy set to grow 4 percent annually through 2028: S&P Global

The UAE economy's growth is driven by non-oil sector activity and rising oil production

Investopia signs MoU with Uzbekistan to host global talks in Tashkent in 2026

First edition will connect investors and decision-makers in key sectors vital for Uzbekistan's growth

Kuwait, Austria strengthen financial cooperation with signing of Double Taxation Avoidance Agreement protocol

The agreement aims to stimulate investment and provide legal protection for investors in both nations 

Dubai 24-carat gold price today holds steady above AED407 amid rising Middle East tensions

Analysts predict gold prices could reach $3,700 per ounce by the end of 2025

Crude oil prices surge above $76.6 on worries over Strait of Hormuz disruptions

Fed discussions this week may lead to a 25 basis point rate cut sooner than expected

Oil-funded growth or true diversification? Key metrics to watch in the GCC

Gulf economies show strong non-oil growth in 2024, but key indicators highlight the depth and sustainability of diversification efforts