economy

Abu Dhabi, Saudi Crown Princes discuss bilateral cooperation at GCC-U.S. Summit

Meeting highlighted strong bonds between UAE and Saudi Arabia

GCC-U.S. Summit: Saudi Crown Prince highlights $120 billion trade volume with U.S.

The Middle East is experiencing a historic transformation under Saudi leadership, said U.S. President Trump

GCC-U.S. Summit kicks off in Riyadh amid rising economic ties

Summit coincides with President Trump’s visit, focusing on economic, trade, and security issues

Qatari Amir arrives in Riyadh for GCC-U.S. Summit

The summit aims to enhance Gulf cooperation and deepen the strategic U.S. partnership

Abu Dhabi’s EMSTEEL delivers $599 million in revenue for Q1 2025

Profit before tax was $25.6 million, with net profit after tax amounting to $23.4 million

HUMAIN, AWS unveil $5 billion AI Zone in Saudi Arabia to accelerate global AI leadership

The new AI Zone aligns with Saudi Arabia’s Vision 2030 and economic transformation goals

Trump celebrates historic ties with Saudi Arabia in Diriyah following $600 billion investment announcement

Saudi-U.S. relations deepened as Trump secured $600 billion investment commitment to the Kingdom

Crude oil prices dip to $66.24, near two-week highs amid U.S.-China tariff optimism

Expectations of a significant increase in U.S. oil inventories tempered optimism in the market for now

Dubai gold price today falls AED3.25 amid easing trade tensions

Positive developments in U.S. trade policy are diminishing the appeal of gold in the short-term

Saudi-U.S. Investment Forum: Aljadaan, Bessent discuss strengthening economic ties

Bilateral trade reached nearly $32 billion in 2024 and included prominent sectors such as machinery, vehicles and pharmaceuticals

Goldman Sachs cuts U.S. recession forecast to 35 percent, raises 2025 GDP growth to 1 percent

The revision follows a landmark agreement between the U.S. and China will lower tariffs for 90 days