Economics

World Bank sees growth on the horizon in the GCC

The report highlights Oman’s fiscal consolidation as a noteworthy example despite it having one of the lowest projected growth rates in the region

Crude oil prices fall 0.35 percent to $68 as OPEC+ surprises markets with 548,000 bpd output hike

Saudi Arabia raised August prices for Arab Light crude to a four-month high for Asia 

Sheikh Mohammed launches AI-driven strategic planning cycle to achieve ‘We the UAE 2031 Vision’ 

H.H. highlighted proactiveness and future readiness as pillars of effective governance 

Abu Dhabi’s Crown Prince to lead UAE delegation at 17th BRICS Summit on July 6-7

UAE joined BRICS in August 2023, enhancing its foreign and economic policy landscape significantly 

Trump’s tariff delay sparks market reactions, hints at trade clarity: Saxo Bank

A 90-day delay on tariffs provides time for negotiations, aiming for clarity in trade deals

Financial sector sees robust growth in Bahrain as 16 new institutions approved, 52 licenses in review

The unified regulatory model streamlines compliance and enhances oversight for licensed institutions 

Saudi Arabia’s e-commerce sales hit $18.5 billion in Q1 2025, up 56 percent YoY

The number of transactions via Mada cards exceeded 370 million during the quarter 

GCC-listed companies attract $4.2 billion in foreign inflows in Q2 2025, highest since Q4 2022

Saudi Arabia led June inflows with $971 million, followed by the UAE, Kuwait, and Qatar 

Dubai 24-carat gold price rises today to AED402.75 amid uncertainty over Trump’s tariff plans

President Trump announced tariffs ranging from 20 percent to 30 percent, bypassing lengthy negotiations

DIFC, DLD launch Dubai PropTech Hub to generate 3,000 jobs and attract $300 million in investment

The Dubai PropTech Hub will support more than 200 start-ups and scale-ups in the region

Crude oil prices steady above $68.55 amid Trump’s tariff announcements, job market resilience

Trump's letters detail tariff rates ranging from 20 percent to 30 percent for 10 countries simultaneously