Economics

UAE, Chad discuss strategies for enhancing collaboration in the financial sector

The meeting included several senior Chadian officials, highlighting strong diplomatic ties between the nations

Qatar and China boost air traffic efficiency with strategic cooperation agreement

Trade between the two countries surged from $10.6 billion in 2014 to $24.5 billion in 2023 

Bitcoin surges past $118,000: What’s fueling the crypto market’s optimism?

Institutional investors are returning, viewing Bitcoin as a hedge against economic uncertainty

U.S. unveils 35 percent tariff on Canada amid plans for 15-20 percent blanket tariffs on other countries

Canada is the second-largest U.S. trading partner, purchasing $349.4 billion in goods last year 

Central Bank of Egypt maintains interest rates as GDP growth projected at 4.8 percent

Annual headline inflation decreased to 15.3 percent during Q2 2025

Dubai 24-carat gold price today hits AED400.25 nearing weekly high as demand rises, new tariffs announced

Trump's new tariffs continue to drive safe-haven flows toward gold as investors seek stability 

Crude oil prices rise to $68.74 amid OPEC+ output increases, escalating tariff concerns

OPEC+ agreed to increase production by 548,000 barrels per day in August, pressuring oil prices 

Global economy faces $1.5 trillion loss due to delayed mega projects by 2030: Report

Middle East emerges as epicenter of global construction boom with surging megaprojects

Earth intelligence market to hit $20 billion by 2030 as private sector growth accelerates: Report

As private firms invest more, Earth intelligence will account for over 50 percent of total spending by 2030 

Binance launches Sharia Earn as first multi-token staking service compliant with Islamic finance principles

The Islamic finance market exceeds $4 trillion, yet many Muslims are excluded from crypto

Saudi Arabia’s CMA approves key amendments to investment funds regulations to boost competitiveness, protect investor rights

Key amendments expand distribution categories, allowing electronic money institutions to distribute fund units 

OPEC reduces 2025 oil demand forecast to 105 million bpd, projects 122.9 million bpd by 2050

The long-term projection reflects increasing energy needs in developing nations and anticipated investments.