economy

UAE and U.S. discuss pathways for bilateral cooperation in economy, technology and AI sectors

Discussions included promoting peace and coexistence with regional and international partners

IMF lauds Central Bank of Oman for strong governance practices

IMF's report emphasizes monetary policy transparency and effective communication with stakeholders

Crude oil prices dip yet stay above $66.75 as OPEC+ plans production increase

OPEC+ plans to increase oil production by 411,000 barrels per day starting in July

Dubai 24-carat gold price today drops to AED398.5 amid U.S.-China trade uncertainty

U.S. and Chinese officials agreed on a framework for their trade truce but uncertainty lingers

GCC economic growth to strengthen to 3.2 percent in 2025, 4.5 percent in 2026: World Bank

The UAE's growth is projected at 4.6 percent in 2025, and 4.9 percent in 2026 and 2027

World Bank cuts global growth forecast to 2.3 percent for 2025 on increased trade tensions

Global trade is expected to grow by 1.8 percent in 2025, down from 3.4 percent in 2024

Saudi Arabia sees 3.1 percent increase in industrial production index for April 2025

Mining and quarrying sub-index grew by 0.2 percent while manufacturing surged by 7.4 percent 

Qatar’s Islamic finance assets grow 4.1 percent YoY to $187.6 billion in 2024

Islamic banks accounted for 87.4 percent of total Islamic finance assets 

ADGM FSRA implements amendments to digital asset regulatory framework

This implementation follows extensive industry engagement and feedback on Consultation Paper No. 11 of 2024

Syria to boost foreign direct investment by resuming SWIFT services soon

Resuming SWIFT operations is expected to reduce informal trade channels in Syria’s economy 

Crude oil prices climb above $67.2 as U.S.-China trade talks show promise

U.S. President Trump reported positive updates from London, enhancing hopes for a trade deal

Dubai 24-carat gold price today declines amid ongoing U.S.-China trade negotiations

High-level U.S.-China trade talks covering tariffs and rare earth restrictions are extending into a second day