economy

Oil prices surge over 8 percent as Middle East tensions escalate

The latest developments in the region require the oil market to price in a larger risk premium for any potential supply disruptions

Dubai gold prices rise AED3.75, global rates hit near 2-month high on Middle East tensions

Further upside in gold prices is expected if tensions escalate further

UAE President, Pakistan’s PM discuss bilateral economic, investment cooperation

Both leaders emphasized the importance of supporting international initiatives for regional and global stability

U.K. exports to U.S. plummet by $2.7 billion in April 2025, largest monthly decrease since 1997

The value of Britain’s exports to the U.S. was the lowest since February 2022 at GBP4.1 billion

Nasdaq Dubai celebrates ICBC’s $1.72 billion multi-currency green bond listings

The listings include $1 billion Floating Rate Notes and $300 million 4.125 percent Notes due 2028

GCC banks with Turkish subsidiaries set to benefit from enhanced macro conditions: Fitch

Banks report averagely decreased losses as Turkish inflation rates drop significantly in 2025

Saudi Arabia, Netherlands forge agriculture agreements with investments surpassing $114 million

The agreements focus on advancing technologies in the environmental, water, and agricultural sectors

Trump urges Fed to cut rates by ‘one full point’ following latest CPI data release

Trump described the May Consumer Price Index as a “great” number

Saudi Arabia’s entertainment market to reach $6.1 billion by 2033: Report

Customers' increased disposable income has greatly contributed to the growth of Saudi Arabia's entertainment industry

Sheikh Hamdan explores future of space sector with leading UAE-based startups

Sheikh Hamdan highlighted the space sector as a vital driver of the future and sustainable economic growth

Oil prices dip to $69.48 despite heightened Middle East security risks

A geopolitical premium that keeps Brent above $65 per barrel will likely persist until further clarity on U.S.-Iran talks

U.S.-China trade deal is ‘done’ and tariffs on China will be set at 55 percent, says Trump

The president explained that full magnets and any necessary rare earths will be supplied, up front, by China