Economics

EU proposes tariff removal, Trump demands $350 billion in U.S. energy purchases

“Europe is always ready for a good deal,” says Commission President Ursula von der Leyen 

Trump’s 50 percent tariff threat to China raises fears of further trade disruption

Beijing countered, asserting that "pressuring or threatening China is not a right way to engage" 

Oil prices rebound 1 percent to $64.93 after sharp tariff-driven declines

Markets worry Trump's tariffs will hinder global economic growth and negatively impact oil demand

Dubai gold prices drop AED5, global rates slip below $3,000 amid tariff turmoil

Bullion prices slipped by as much as 2.7 percent before paring some losses on Monday

UAE bonds and sukuk surge to $309.4 billion by Q1 2025, up 8.3 percent YoY

UAE's debt markets are growing, reflecting its expanding financial ecosystem and strategic sukuk position

Egypt, France sign strategic partnership agreements in key sectors

Agreements focus on transportation, health, and education

Saudi PMI shows resilience in non-oil private sector growth for March

The pace of growth has moderated from January's near 14-year high 

Stock market downturn: Asia reacts to U.S. tariff plans, recession fears

S&P 500 futures fell 3.5 percent, Nasdaq futures dropped 4.4 percent, increasing total market losses to $6 trillion

Dubai gold prices up AED0.75, global rates fall to 3.5-week low

Market sell-off continued as investors sold bullion to cover losses amid recession fears from trade war

Oil prices hit four-year low of $63.93 amid Trump tariff fears

Trump intensified trade tariffs, raising worries about slowing economic growth and declining demand