Economics

Sheikh Maktoum launches $245 billion budget cycle for 2027-2029, focused on sustainable growth and citizen well-being

Budget aims to empower federal entities to deliver high-quality, flexible, and efficient services 

ADNOC’s 24.9 percent shareholding in OMV to be acquired by XRG

This transfer aligns with ADNOC's strategy to consolidate international investments under XRG's management 

Middle East economic outlook shows robust growth driven by non-oil sector: OPEC

Travel and tourism surges are projected to continue, boosting demand for gasoline and diesel 

June 2025 sees Saudi Arabia’s inflation rate stabilize at 2.3 percent year-on-year: GASTAT

Consumer Price Index maintained steadiness at 0.2 percent compared to May 2025

Dubai 24-carat gold price today rises to AED405 with U.S. tariff threats looming

U.S. consumer prices rose significantly, suggesting tariffs are impacting inflation and market sentiment 

Crude oil prices climb 0.2 percent to $68.98 amid summer demand expectations, OPEC optimism

Prices fluctuated as increased travel contends with concerns over U.S. tariffs and economic growth

Saudi Arabia’s real estate market thrives on GDP growth, retailtainment, and tourism boom

The retail sector is evolving with retailtainment, enhancing customer experiences in entertainment hubs

Kuwait and France celebrate upcoming 65th anniversary of diplomatic relations with new investment, cultural agreements

The documents were signed by Kuwait’s Foreign Minister and French Minister of Foreign Affairs

Dubai Centre for Family Businesses, Emirates NBD partner to boost family business support and growth in Dubai

Tailored advisory services will help family businesses safeguard wealth and ensure smooth generational transitions

Crude oil prices drop 0.4 percent to $68.92 on U.S. tariff threats, alleviated supply concerns

Traders consider whether the U.S. will impose tariffs on nations trading with Russia.

Dubai 24-carat gold price today climbs above AED405 on safe-haven demand following U.S. tariff threats

Fed Chair Jerome Powell expects inflation to rise this summer due to ongoing tariffs

UAE and KSA cement position as global investment magnets in Kearney’s 2025 FDI Index

The 2025 index results indicate that despite challenges, international investors maintain faith in the Gulf’s economic potential