economy

Abu Dhabi Fund for Development signs $205 million GCC power grid expansion

The project is a key component of the UAE’s long-term strategy to diversify and modernize its energy infrastructure, in alignment with the UAE Energy Strategy 2050

Abu Dhabi’s Sheikh Khaled to lead UAE delegation at Supreme Eurasian Economic Council meeting

UAE’s participation underscores growing diplomatic and economic ties with the Eurasian region 

Sharjah authorities strengthen ties to boost trade and tourism growth

Sharjah has experienced significant growth in business establishment and sustainability over the years

U.S. economy faces stagflation, recession risks as JPMorgan lowers growth projections for 2025

Rising tariffs are dampening global economic momentum and reigniting domestic inflationary pressures 

Nvidia’s stock soars over 4 percent as it reclaims top spot by surpassing Microsoft as most valuable company

The chipmaker’s stock rebounded by 63 percent, adding nearly $1.5 trillion in market value this year

Jordan’s economic growth outpaces forecasts as IMF releases new funds

Jordan continues to make progress with a gradual fiscal consolidation and strengthening fiscal sustainability

Oil prices rise 0.33 percent to $67.9 as dip in U.S. crude stocks signals strong demand

Crude inventories dipped 5.8 million barrels, the EIA said, exceeding analysts' expectations for a 797,000-barrel decline

Dubai gold prices rise to AED402.75 as global rates gain 0.17 percent on weaker dollar

The U.S. dollar fell to its lowest level since March 2022, making gold less expensive for holders of other currencies

Over 40 percent of agentic AI projects face cancellation by 2027: Gartner

By 2028, 15 percent of work decisions could be made autonomously by AI 

AI to contribute 20 percent to UAE’s GDP by 2031 with market growing to $46.3 billion

In 2023, the UAE’s AI market was valued at approximately $3.5 billion

Saudi Arabia’s trade surplus hits $3.8 billion in April 2025, with China as top export destination

Exports totaled $24.1 billion, showcasing resilience in the trade sector 

U.S. current account deficit hits record high as foreign direct investment plummets to $52.8 billion in Q1 2025

The decrease coincided with heightened business uncertainty over President Trump's tariff proposals and policies.