Economics

GCC banks with Turkish subsidiaries set to benefit from enhanced macro conditions: Fitch

Banks report averagely decreased losses as Turkish inflation rates drop significantly in 2025

Saudi Arabia, Netherlands forge agriculture agreements with investments surpassing $114 million

The agreements focus on advancing technologies in the environmental, water, and agricultural sectors

Trump urges Fed to cut rates by ‘one full point’ following latest CPI data release

Trump described the May Consumer Price Index as a “great” number

Abu Dhabi’s FAB, EDGE Group partner to enhance financial agility and supplier ecosystem

EDGE’s deployment of FAB’s TMS delivers real-time cash visibility and advanced forecasting capabilities 

UAE and U.S. discuss pathways for bilateral cooperation in economy, technology and AI sectors

Discussions included promoting peace and coexistence with regional and international partners

IMF lauds Central Bank of Oman for strong governance practices

IMF's report emphasizes monetary policy transparency and effective communication with stakeholders

Crude oil prices dip yet stay above $66.75 as OPEC+ plans production increase

OPEC+ plans to increase oil production by 411,000 barrels per day starting in July

Saudi Arabia sees 3.1 percent increase in industrial production index for April 2025

Mining and quarrying sub-index grew by 0.2 percent while manufacturing surged by 7.4 percent 

Qatar’s Islamic finance assets grow 4.1 percent YoY to $187.6 billion in 2024

Islamic banks accounted for 87.4 percent of total Islamic finance assets 

Syria to boost foreign direct investment by resuming SWIFT services soon

Resuming SWIFT operations is expected to reduce informal trade channels in Syria’s economy 

Crude oil prices climb above $67.2 as U.S.-China trade talks show promise

U.S. President Trump reported positive updates from London, enhancing hopes for a trade deal

Dubai 24-carat gold price today declines amid ongoing U.S.-China trade negotiations

High-level U.S.-China trade talks covering tariffs and rare earth restrictions are extending into a second day