Economics

Oil prices drop over $2 as OPEC+ agrees to increase production by 411,000 barrels

Barclays lowered its Brent forecast by $4 to $66 a barrel due to OPEC+ decisions

Dubai’s 24-carat gold prices up AED3.50; global rates rise on weaker dollar

Traders expect 80 basis points of rate cuts this year after strong job growth reported in April

Abu Dhabi Infrastructure Summit to launch inaugural edition in June 2025 to drive innovation, investment

The summit aims to facilitate dialogue on critical challenges shaping the emirate’s built environment

New Russia-North Korea bridge to boost trade and tourism, enhance economic ties

Finalized during Putin's 2024 visit, the bridge project aims to boost cross-border movement

Bank of Japan (BOJ) maintains rates at 0.5 percent, revises growth forecasts for 2025 and 2026

Cautious approach reflects concerns over U.S. tariffs impacting Japan's recovery prospects

Saudi banks successfully navigate external debt growth amid market challenges: S&P

The rise in interbank liabilities accounted for 55 percent of Saudi banks' external debt increase

GCC countries contribute over 35 percent of all emerging-market U.S. dollar debt in Q1 2025, Fitch reports

Primary market dollar issuance shows promise despite recent quietness in the GCC region

Oil prices fall to $62.50 as trade war weighs on demand, supply concerns rise

Trump's tariffs have raised fears of a potential recession in the global economy this year 

Dubai gold prices drop AED0.75, global rates steady ahead of key U.S. economic data

U.S. consumer confidence dipped to its lowest point in nearly five years amid tariff concerns 

Dubai Land Department (DLD) hosts ‘Dubai Real Estate Connect’ event to boost investments from India

Initiative aligns with Dubai’s Real Estate Promotion Strategy to enhance international investment ties