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Economics
Economy
ECB cuts interest rates again amid euro zone economic challenges
The ECB unanimously decided to reduce the deposit rate by 25 basis points
Economy
Qatari economy grows 0.8 percent to $48.5 billion in Q2 2024
GVA of non-mining sector activities reached $33.23 billion during this period
Energy
Oil prices fall modestly as U.S. inventories rise, OPEC+ meeting approaches
Brent oil futures for February delivery dipped 0.1 percent to $73.58 a barrel
Bahrain
World Bank: GCC growth projected at 1.6 percent in 2024, 4.2 percent in 2025-2026
UAE's economic growth is projected at 3.3 percent in 2024, driven by 4.1 percent non-oil sector growth
Markets
Gold prices decline as Trump’s tariff threat bolsters dollar
In the UAE, gold rates fell by AED3.75, with 24-carat gold priced at AED318.25 and 22-carat gold at AED294.50
Markets
Talabat prices IPO at top of range, raising $2 billion in proceeds
Final share price has been set at AED1.60, valuing the company at around AED37.3 billion ($10.1 billion)
Energy
Oil prices face weekly decline amid easing Middle East tensions, anticipation of OPEC+ meeting
Brent crude futures for January fell by 0.1 percent to $73.21 per barrel
Economy
Saudi economy grows 64 percent to $1.09 trillion in nominal GDP from 2016 to 2023, says Finance Minister
Al-Jadaan projected a 4.6 percent growth rate for non-oil GDP in Saudi Arabia in 2025
Energy
Oil prices remain steady amid mixed U.S. inventory data, easing Middle East tensions
January Brent oil futures dipped 0.1 percent to $72.78 a barrel
Economy
Gold prices edge up slightly as safe-haven assets gain traction
President-elect Trump threatens new trade tariffs on China, Canada, and Mexico, sparking fears of a trade war
Energy
Oil prices plunge amid ceasefire hopes, dollar surge
Brent oil futures set to expire in January dropped by 0.3 percent to $72.80 per barrel
Energy
Oil prices climb amid Russia-Ukraine tensions and Norwegian supply disruptions, marking a positive week for crude
Brent oil futures for January delivery rose 0.4 percent to $74.54 a barrel
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