economy

Dubai’s 24-carat gold prices up AED3.50; global rates rise on weaker dollar

Traders expect 80 basis points of rate cuts this year after strong job growth reported in April

Dubai’s TECOM Group posts $185.1 million in revenues, up 21 percent YoY

Diverse asset portfolio and long-term strategy drive 23 percent YoY profit increase

Abu Dhabi Infrastructure Summit to launch inaugural edition in June 2025 to drive innovation, investment

The summit aims to facilitate dialogue on critical challenges shaping the emirate’s built environment

Makkah sees 162 percent surge in tourist spending during Ramadan, says Visa

Madinah saw a 64 percent increase in visitor spend during Ramadan

Abu Dhabi’s economy to grow 4.2 percent in 2025, 5.8 percent in 2026: IMF

Dubai's economy is projected to expand by 3.3 percent in 2025, increasing to 3.5 percent in 2026

Crude oil prices rise to $62.53 as China evaluates U.S. trade proposal

The United States has approached China to seek talks over Trump's 145 percent tariffs, and Beijing's door was open for discussions

New Russia-North Korea bridge to boost trade and tourism, enhance economic ties

Finalized during Putin's 2024 visit, the bridge project aims to boost cross-border movement

Bank of Japan (BOJ) maintains rates at 0.5 percent, revises growth forecasts for 2025 and 2026

Cautious approach reflects concerns over U.S. tariffs impacting Japan's recovery prospects

IMF cuts MENA 2025 growth forecast to 2.6 percent as global policy uncertainty looms

GCC economies are expected to grow 3 percent in 2025 and 4.1 percent in 2026

Crude oil prices fall to $63.12 amid prospects of stronger supply from OPEC+

Last month, Brent and WTI marked their biggest percentage drops since November 2021