economy

Oil prices steady at $73.05 amid Trump’s Venezuela tariff concerns

OPEC+ ready to move forward with scheduled output increase in May

CBUAE projects UAE GDP growth of 4.7 percent in 2025, 5.7 percent in 2026

The UAE's non-oil trade surpassed AED2 trillion in the first nine months of 2024

Abu Dhabi unveils new initiatives at 6th Al Multaqa meetings to empower private sector

The Abu Dhabi Investment Office (ADIO) is the government vehicle responsible for accelerating Abu Dhabi’s growth

Dubai Land Department launches ‘Tayseer’ initiative to ease payment of currently overdue service fees

Unit owners can settle outstanding service fees with flexible six-month payment plans through management companies

ADNOC Gas shareholders approve record $3.41 billion dividend for 2024

Company's dividend was the highest of any issuer on ADX in 2024

Fitch affirms RAKBANK’s BBB+ long-term issuer default rating with stable outlook

The bank's asset quality improved with declining non-performing loans and strong loan-loss coverage ratios

UAE, Egypt presidents discuss strengthening ties through developmental and economic collaboration

President El-Sisi held Ramadan Iftar banquet in honor of the UAE president

UAE gold prices down AED1.75, global rates rise on Fed optimism

Spot gold was up 0.1 percent at $3,025.12 an ounce

Oil prices slip to $71.88 amid Trump tariffs, Russia-Ukraine talks

West Texas Intermediate (WTI) crude futures lost 0.3 percent to $67.67 per barrel

Moody’s affirms UAE’s Aa2 rating citing strong economic diversification momentum

The UAE's rating takes into account the strong support from the government of Abu Dhabi, said the agency

Saudi Arabia’s quality of life program to transform Makkah into a global model for cities

In 2023, the program contributed SAR1.5 billion to Saudi Arabia's GDP

Qatar’s economy grows 2.4 percent in 2024 to $195.72 billion

In 2024, Qatar's non-oil activities accounted for nearly 64 percent of total GDP