Economics

UAE gold prices dip AED1.25, global rates rise amid Trump tariffs

Trump’s tariffs on products from Canada, Mexico, and China took effect just after midnight ET on Tuesday

Oil prices fall to $70.93 as China stimulus, U.S. inventories weigh

U.S. President Trump followed through on threats of increased tariffs against China, Canada, and Mexico

Asia accounts for 62.7 percent of multinational companies attracted by Dubai International Chamber in 2024

This emphasizes Dubai’s escalating reputation as a pivotal investment hub for international corporations

Egypt to benefit from $94.3 million EU loan to boost food security

The country further sought approval for the EUR4 billion package and emphasized SCZONE as key investment destination.

UAE gold prices rise AED2.5, global rates fall amid Trump tariff caution

Trump announced 25 percent tariffs on Mexico and Canada, starting Tuesday, and doubled Chinese tariffs to 20 percent

Oil prices drop to $71.07 on OPEC increase, Trump trade jitters

WTI crude futures dropped by 0.9 percent to $67.64 a barrel

Investopia 2025: UICCA, UAE Ministry of Economy partner to reinforce sustainability through launch of Circular Economy Cycle

The agreement cultivates sustainable economic growth by supporting a nurturing ecosystem for climate-focused startups

ADIO signs strategic partnership with Italy’s CDP to boost investment, trade

Italy is a key trade partner of the UAE, with annual trade over AED30 billion

Investopia 2025: Future100 initiative explores strengthening UAE’s entrepreneurial ecosystem

The initiative featured 15 sessions with 48 speakers, including ministers, officials, and industry experts

UAE gold prices drop AED3.5, global rates fall ahead of PCE inflation data

Spot gold fell 0.4 percent to $2,864.94 an ounce, while April futures decreased 0.6 percent to $2,877.80 an ounce

Investopia 2025: Future100 initiative signs 6 agreements to drive startup growth in UAE’s new economy sectors

New partnerships support the initiative's goals to boost future readiness and strengthen the UAE's economic hub