Economics

Oil prices surge on positive economic outlook, geopolitical concerns

Oil prices surge on positive economic outlook, geopolitical concerns

China and U.S. demand boost prices amid Middle East conflict

UAE, Kenya to forge digital corridor, partner on AI, data centers, and digitalization

UAE, Kenya to forge digital corridor, partner on AI, data centers, and digitalization

The data center projects will boast a total capacity of up to 1,000 megawatts

UAE dominates the entrepreneurship scene for third year in a row: Report

UAE dominates the entrepreneurship scene for third year in a row: Report

The UAE's historic score of 7.7 sets a new record, making it the highest in the history of the report

Saudi Arabia’s greenfield FDI inflows surge over two-fold to $28.78 billion

Saudi Arabia’s greenfield FDI inflows surge over two-fold to $28.78 billion

This figure surpassed the previous peak of $17.57 billion in 2018

UAE gold prices show modest increase at market opening, eyes on U.S. inflation data

UAE gold prices show modest increase at market opening, eyes on U.S. inflation data

Globally, spot gold remained stable at $2,195.34 per ounce

Egyptian PM aims to bring down prices of essential goods by 15-20 percent

Egyptian PM aims to bring down prices of essential goods by 15-20 percent

The government's price reduction plan is set to ease burden on citizens

Non-oil revenues surge 24 percent in Kuwait, narrowing fiscal deficit by $2.075 billion

Non-oil revenues surge 24 percent in Kuwait, narrowing fiscal deficit by $2.075 billion

Oil revenues surge by 15 percent to $53.31 billion

Türkiye’s Central Bank shocks markets with unexpected key interest rate increase

Türkiye’s Central Bank shocks markets with unexpected key interest rate increase

TCMB raised key interest rate from 45 percent to 50 percent

Bank of England maintains interest rate at 5.25 percent, but cut looms near

Bank of England maintains interest rate at 5.25 percent, but cut looms near

The bank’s committee is worried as wage growth outpaces inflation at 6 percent

Record high gold prices in UAE as Fed’s commitment to lower rates boosts investor confidence

Record high gold prices in UAE as Fed’s commitment to lower rates boosts investor confidence

Resurgence of copper rally takes center stage, PMIs come into focus

Oil prices experience slight decline on caution and limited supplies

Oil prices experience slight decline on caution and limited supplies

Fed, PMIs awaited for more economic cues

UAE’s overseas investments surpass $2.5 trillion mark in early 2024

UAE’s overseas investments surpass $2.5 trillion mark in early 2024

One such landmark deal is the historic $35 billion investment agreement with Egypt for the development of Ras Al Hekma