economy

Dubai 24-carat gold price today up to AED407.50, global rates rise as U.S. jobs data boosts Fed rate cut

U.S. employment growth was weaker than expected, with disappointing job additions and revised payroll figuresĀ 

Crude oil prices dip to $68.62 as oversupply worries lead to one-week low

OPEC+ agreed to increase oil production by 547,000 barrels per day for September

Saudi economy’s outlook remains favorable despite elevated global uncertainty, says IMF

Robust domestic demand will continue to keep non-oil growth above 3.5 percent over the medium term

Turkish inflation falls to 33.52 percent in July, lowest since 2021

Month-on-month inflation registered at 2.06 percent, following a CPI of 1.37 percent in JuneĀ 

CBUAE: UAE financial system remains resilient amid global risks

Comprehensive stress tests conducted in 2024 confirmed that UAE banks remain well-positioned to withstand macroeconomic shocks

Egypt launches new housing opportunities for expats with 3,000 units available starting September

The program will provide exclusive discounts and flexible payment plans for expatriates investing in housingĀ 

DEWA invests over $2 billion in electricity transmission, increasing substations to 391 in H1 2025

Four new substations and 228km of cables will enhance Dubai's electricity transmission network efficiently

Gartner predicts $169 billion in MENA IT spending by 2026

The surge is largely fueled by pent-up demand for generative AI (GenAI) and advanced machine learning, which depend on robust computing power for large-scale data processing

Abu Dhabi’s non-oil foreign trade rises 34.7 percent to $53.2 billion in H1 2025

UAE's non-oil trade growth outpaces global averages, solidifying its position as a key regional trade hub

Global stock markets exhibit strong trends, yet caution signals arise across major indicesĀ 

U.S. markets saw gains driven by tech stocks, but volatility indicators hint at potential risksĀ 

4 million visitors validate Dubai’s Museum of the Future as cultural landmark

The museum embodies Dubai's ambition to empower future thinkers through cultural and intellectual exchange.

Dubai records 24 new real estate projects valued at over $1.2 billion in H1 2025

726 projects are under construction, underscoring the emirate's commitment to meet rising housing needs