Economics

UAE joins Kuwait in celebrating 64th National Day as bilateral trade reaches $13.6 billion

The UAE imports 22 percent of Kuwait's non-oil exports, ranking third after China and U.S.

UAE gold prices rise AED1.25 as global rates near record high on weaker U.S. dollar

Markets are focusing on Friday's PCE report, the Federal Reserve's preferred inflation measure

Oil prices fall 0.3 percent to $74.24 amid weak U.S. economic data

West Texas Intermediate (WTI) crude futures fell 0.4 percent to trade at $69.97 per barrel

Leaders of GCC states, Egypt, and Jordan convene in Riyadh to strengthen coordination and consultation

The UAE President thanked King Salman and Crown Prince for organizing the dialogue

ADNOC completes $2.84 billion offering of ADNOC gas shares with 4.4x oversubscription

Offering was priced at AED3.40 per share, roughly 43 percent above the IPO price of AED2.37 per share

Global consumer product sales see slow growth in 2024 as price increases stabilize, volumes improve: Report

Amid declining shareholder returns, consumer products companies must accelerate digital transformation to regain lost ground

UAE GDP growth expected to rise from 4.5 percent to 5.6 percent, outpacing IMF’s 3.2 percent forecast: Report

Growth rate of GCC region is expected to double from 2.1 percent to 4.2 percent in 2025

Qatar pledges $10 billion investment in India to boost economic ties

Both countries agreed to double bilateral trade from $14 billion to $28 billion in five years

Saudi Arabia’s labor regulations amendments take effect to enhance job stability, market efficiency

The amendments modify 38 articles, remove 7, and introduce 2 new articles to the regulations

Saudi Crown Prince meets Russian Direct Investment Fund Chief, discuss bilateral investment coordination

Riyadh hosted on Tuesday discussions between Russian and U.S. representatives

UAE gold prices surge AED2.25 amid global decline, Russia-Ukraine peace talk hopes

Spot gold dropped 0.2 percent to $2,928.52, while U.S. gold futures fell 0.1 percent