Economics
Moody's downgrade of U.S. credit rating raises concerns about economic outlook and oil prices
Spot gold down 0.4 percent at $3,215.31, reflecting market reactions to geopolitical news.
MoU aims to strengthen cooperation in city planning, public security, and business promotion
Housing prices increased by 5.9 percent, significantly impacting the overall inflation rate in the region
The awards cover critical sectors, emphasizing ADNOC's commitment to prioritizing local suppliers in procurement
Both contracts saw a rise of over 1 percent after the U.S. and China paused tariffs
Spot gold rose 0.7 percent to $3,223.55 an ounce amid global market fluctuations
The bank noted that the U.S. eonomy showed resilience as recession fears subsided
GASTAT measures prices through a fixed basket of 490 goods and services paid by consumers
The bond was issued in two equal tranches of $500 million with competitive coupon rates
H.E. Sheikh Al Nahyan: “By working together, we can ensure that the Middle East is not only resilient in a changing world — but energized with new possibilities”
