economy

AI, robotics, and quantum tech drive new business models – WEF

Combining agentic AI, spatial intelligence, and advanced robotics is enabling machines to navigate and make decisions in complex, real-world environments

Dubai 24-carat gold price falls today to AED405.75, global rates retreat with dollar rise

The U.S. dollar index recovered slightly from a six-week low, affecting gold prices

Sheikh Hamdan highlights DMCC’s role in driving global trade during visit to world’s largest diamond tender facility

His Highness’ visit underscores Dubai’s commitment to economic diversification and attracting global talent and investment 

Abu Dhabi transitions to performance-based budgeting to enhance service quality, transparency in 2026

Performance-Based Budgeting links spending to goals, enhancing service quality and community well-being 

Dubai’s PCFC, Ghana ink MoU to establish first economic zone, digital incubator in Accra

The initiative aims to position Accra as a leading destination for global businesses and talent

GCC financial markets hit nearly $4.2 trillion in capitalization in 2024, marking 0.7 percent growth

Total market capitalization of GCC financial markets dropped 4.4 percent compared to the end of 2023 

Dubai’s $10 billion infrastructure spending fuels growth of commercial vehicle market

Saudi Arabia's $267 billion in infrastructure investments are also key to driving industry growth 

Emirates to resume flights to Damascus starting July 16 

Emirates will operate three weekly flights, expanding to daily services by October for travelers

STC Bank wins Temenos’ Fast Track Growth award for remarkable user adoption

User-friendly features and instant transfers have fueled STC Bank's notable expansion in three months 

Qatar and Kuwait sign agreement to avoid double taxation, promote investment

The deal establishes a legal framework for tax treaties to eliminate double taxation instances 

Oman’s public revenues reach $33.2 billion in 2024 driven by hydrocarbon gains

Public spending reached OMR12.241 billion, primarily driven by subsidies for oil and development projects

Dubai 24-carat gold price today up AED3.25 amid heightened tariff concerns

Upcoming U.S.-China trade discussions could impact gold prices as tensions remain high