Economics

Goldman Sachs cuts U.S. recession forecast to 35 percent, raises 2025 GDP growth to 1 percent

The revision follows a landmark agreement between the U.S. and China will lower tariffs for 90 days

Dubai real estate: Emaar Properties posts $2.74 billion in Q1 2025 revenue, a 50 percent increase YoY

The company reported a net profit before tax of $753 million, up 49 percent

Shurooq’s $1.96 billion investments fuel 52 projects in 15 years of development in Sharjah

Key initiatives include AED5 billion in real estate and AED850 million in hospitality projects

UAE Cybersecurity Council partners with e& UAE to launch Al Ain Innovation Center

The center will support applied research, talent development, and startup initiatives in critical technologies

Dubai government launches world’s first crypto payments for cashless services

Dubai Finance partners with Crypto.com to revolutionize government payments with cryptocurrencies

Crude oil prices drop to $64.83 amid supply concerns, U.S.-China trade deal

U.S. and China cut tariffs temporarily, boosting markets but leaving uncertainties unresolved.

Dubai gold prices rise AED6.25, global rates hover near over one-week low

U.S. and China announced tariff reductions, boosting global shares and altering market dynamics

Dubai climbs to 4th globally, leads GCC, Arab World & Asia in 2025 smart city index

Eight-place jump reflects commitment to digital transformation, innovation, and enhanced quality of life for all residents

UAE to issue $8 billion of local currency debt to support domestic capital market growth: S&P

The UAE's well-capitalized and liquid banks stand ready to provide funding if capital markets become unsupportive, ensuring stability

OMNIYAT debuts $500 million green sukuk on Nasdaq Dubai

Successful launch highlights conviction that profitability and a positive environmental impact are mutually reinforcing

ADNOC L&S reports $1.181 billion Q1 2025 revenue — 41 percent surge led by logistics and shipping gains

EBITDA rose by 20 percent to $343.6 million, driven by robust performance across all business segments