Economics

China slashes interest rates, injects $138 billion liquidity to counter U.S. trade tensions

U.S. and Chinese officials prepare for crucial talks in Switzerland to ease trade tensions 

Saudi Arabia leads MENA IPO market as proceeds reach $2.4 billion with 106 percent YoY growth

Saudi Arabia recorded 12 out of 14 listings in the MENA region during this quarter

Visa and Whish Money partner to elevate digital payment solutions across Lebanon, international markets

The collaboration enables Whish Money to integrate Visa’s advanced payment technologies for improved services

Crude oil prices climb to $62.73 as market focuses on U.S.-China trade talks

Crude stocks fell by 4.5 million barrels recently, with analysts expecting further declines in inventories

Dubai 24-carat gold prices up AED2.25; global rates retreat amid U.S.-China trade optimism

Spot gold declined by 1.2 percent to $3,388.67 an ounce after a strong previous session.

UAE’s ADNOC raises $1.5 billion through debut sukuk

Net proceeds will support ADNOC Group for general corporate purposes and funding diversification

Alpha Dhabi Holding reports $1.2 billion adjusted EBITDA, $4.7 billion revenue growth of 23 percent

Company’s diverse portfolio has been crucial for driving revenue growth and enhancing profitability

Saudi flynas plans IPO with 51.26 million ordinary shares, 30 percent of total capital

IPO will include 33.83 million existing shares sold by current shareholders and treasury stock 

DMCC launches new SPV and holding licenses to boost business flexibility in Dubai

New licenses eliminate physical office lease requirements, providing cost-effective solutions for modern businesses 

Dubai’s Jafza celebrates 40 years and $30 billion in investment as key trade hub in emirate

Sheikh Hamdan emphasizes Jafza's importance in Dubai’s developmental journey as a trade hub

Crude oil prices rebound to $61.20 as price drop sparks buying; oversupply concerns persist

Brent crude futures reached $61.20, while U.S. West Texas Intermediate settled at $58.05 a barrel