economy

Dubai Gold and Commodities Exchange joins Arab Federation of Capital Markets committee

By joining the committee, DGCX aims to boost trading volumes and improve market liquidity

AI job disruption and trade tensions raise global economic uncertainty, WEF warns

WEF’s economic outlook revealed 47 percent of economists anticipate job losses due to AI transformation

Oman public revenues reach $6.85 billion by end of Q1 2025 

Net oil revenue totaled OMR1,468 million at the end of Q1 2025, marking a 13 percent drop 

Abu Dhabi’s non-oil sector activity to drive 2.5 percent GDP growth in 2025, says S&P

S&P Global Ratings said the emirate’s sovereign credit rating for both foreign and local currency is AA/Stable/A-1+

Ras Al Khaimah’s GDP to hit 4.3 percent in 2027-2028 on strong tourism, real estate: S&P

The emirate's economic growth will weaken modestly to average 3.3 percent in 2025-2026

UAE President, Lebanese PM discuss bilateral relations, explore new avenues for cooperation

The meeting at Qasr Al Bahr addresses regional stability and security for the benefit of both nations

Crude oil prices rise above $63.85 amid supply risks from Venezuela, OPEC+ expectations

Investors weigh supply risks after U.S. bars Chevron from exporting Venezuelan crude oil under new authorization

Dubai 24-carat gold price today rises AED1.5 as market awaits key economic data

Spot gold was up 0.3 percent at $3,308.99 an ounce as of 0237 GMT, recovering slightly

GCC, Malaysia to strengthen trade relations through new agreement

The signing marks the start of negotiations covering various sectors of mutual interest

Crude oil prices edge down to $63.85 as OPEC+ meeting approaches

Market anticipates OPEC+ decision on increased crude oil output, affecting global prices

Dubai’s 24-carat gold price today drops above AED394, global rates near two-week high

Weaker dollar boosts gold's appeal, with concerns over U.S. budget deficit supporting prices

Schneider Electric launches $27.2 million education initiative in Dubai to empower next-gen talent

The NEST serves as a center for collaboration and advancement in Dubai’s sustainable economy