economy

ADNOC L&S reports $1.181 billion Q1 2025 revenue — 41 percent surge led by logistics and shipping gains

EBITDA rose by 20 percent to $343.6 million, driven by robust performance across all business segments

ADIO, Mizuho partner to fast-track Japanese investment into Abu Dhabi’s economy

ADIO and Mizuho will jointly promote Abu Dhabi as a strategic investment hub for Japanese businesses and startups

U.S. and China ease trade tensions with 90-day deal, tariffs cut by over 100 percent

Tariff news boosted dollar and markets, alleviating economic downturn concerns

Trump’s Middle East trip to strengthen economic, strategic bonds with Gulf allies

Secretary Rubio will join the President during his trip to the Middle East to strengthen ties between the U.S.

Dubai launches ICV program to boost local manufacturing, in line with Economic Agenda D33

The initiative will be implemented through TASHAROK, the Government of Dubai’s shared procurement program

Abu Dhabi, Japan strengthen collaboration in smart mobility, business and sustainability

Strategic partnership for smart mobility solutions signed between Emirates Driving Company and Zenmov

Crude oil prices rise to $64.21 as optimistic U.S.-China trade talks ease demand concerns

Chinese Vice Premier He Lifeng said a U.S.-China joint statement would be released on Monday

Dubai’s Parkin drives $37.2 million net profit in Q1 2025 amid expansion

Revenue rose 27 percent to $74.4 million, with strong operational performance citywide

“80 percent tariff on China seems right,” says Trump

Since taking office in January, Trump has raised tariffs on imports from China to 145 percent

Qatar Central Bank issues $796.4 million worth of bills

QCB detailed bill offerings, including QAR500 million maturing in 7 days at 4.61 percent

Bitcoin price skyrockets past $103,000: Can the rally last?

ETF inflows inject billions, bullish sentiment rises, and technicals point up as Bitcoin echoes past bull markets

AD Ports Group’s Q1 2025 revenue surges to $1.25 billion, net profit climbs 16 percent

Group EBITDA rises to $310.4 million, with net profit soaring to $126.3 million