Economics

ECB cuts interest rates again amid euro zone economic challenges

The ECB unanimously decided to reduce the deposit rate by 25 basis points

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

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

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 

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

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)

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

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 

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

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

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