Economics

Oman, Russia ink 11 pacts including visa waiver agreement during Sultan’s Moscow visit

The visit marked the 40th anniversary of diplomatic relations established on September 26, 1985 

IMF projects strong UAE economic growth forecast for 2026 at 5 percent

UAE economy is projected to surpass oil-exporting countries, growing 2.6 percent in 2025, 3.1 percent in 2026 

Oil prices climb to $67.99 on declining U.S. crude stocks, trade optimism

U.S. crude oil inventories fell by about 4.6 million barrels last week, per API data

Dubai gold prices drop AED12, global rates fall to $3,340

Prices declined as Trump eased Fed threats and optimism for a trade deal increased

Trump to visit Saudi Arabia, UAE and Qatar as White House confirms mid-May plans

Trump will address Ukraine and Gaza conflicts during his visit to Saudi Arabia, a key U.S. ally

Dubai AI Week 2025: First AI-powered mortgage chatbot launches on WhatsApp

The AI chatbot enables seamless home financing globally, aligning with the UAE's vision for innovation 

10 years of Dubai Business Associates: Sheikh Mohammed celebrates milestone with global alumni

H.H. emphasized that investing in human capital is crucial for developing a creative, innovation-driven economy

Oil prices climb to $66.77 as Trump pressures Fed, tariffs cloud outlook

Trump criticized Fed Chair Powell, warning the U.S. economy could slow without immediate rate cuts

Dubai sees surge in new business launches in 2024, total hits 19,904 since 2002

Dubai SME facilitated the launch of 3,461 new Emirati businesses, 524 more than in 2023

UAE to engage in key economic talks at World Bank, IMF spring meetings

Meetings will focus on global economic priorities, fiscal policies, financial resilience, and international cooperation