Economics

IMF allocates $250 million to aid Lebanon in restoring financial stability

The IMF's financial aid aimed to restore stability while ensuring compliance with reform terms in Lebanon

World Bank forecasts Syria’s GDP to grow by 1 percent after a 1.5 percent contraction

"The easing of sanctions provides some upside potential; however, progress remains limited," states the World Bank

Egypt launches major natural gas initiative to drill 11 wells yielding 160 billion cubic feet

Minister Karim Badawi oversaw drilling operations at Begonia-2 in the New Mansoura concession area

UAE, Syria presidents discuss bilateral cooperation in development, economic sectors

H.H. reaffirmed UAE’s unwavering support for the Syrian people's aspirations for a prosperous future 

Crude oil prices retreat over 0.3 percent to $69.25 as U.S. tariffs, OPEC+ output weigh

U.S. President Trump informed trade partners that higher tariffs would commence on August 1 

Dubai 24-carat gold price today drops to AED399 , global rates fluctuate as trade deals loom

Gold prices hovered around $3,330 on Tuesday due to a stronger U.S. Dollar affecting demand

Abu Dhabi Securities Exchange sees 99.5 percent surge in foreign net investment to $3.7 billion in H1 2025

The exchange maintained its status as the second-largest bourse in the region in 2024

Oman’s real GDP expands 2.5 percent to $24.52 billion in Q1 2025

The growth is driven by a robust performance in non-oil sectors

BRICS meeting in Brazil marks UAE’s commitment to multilateral partnerships, economic growth

UAE participates in BRICS Finance Ministers, Central Bank Governors Meeting under Brazil’s presidency

Three scenarios for Middle East in 2035 show $232 billion AI-driven potential GDP boost: PwC

The Middle East can leverage renewable energy and AI for sustainable economic expansion

BRICS: Abu Dhabi Crown Prince, President of Brazil discuss further strengthening bilateral relations

Sheikh Khaled reaffirmed UAE's commitment to dialogue, economic integration for global stability