economy

UAE gold prices fall AED1.75, global rates see uptick as dollar weakens, safe-haven demand rises

The dollar index neared a four-month low, making bullion cheaper for global buyers

Oil prices drop to $68.77, nearing three-year low on tariff fears

West Texas Intermediate crude futures fell by 0.8 percent to $65.15 a barrel

Alpha Dhabi, Mubadala’s credit joint venture achieves $1 billion portfolio milestone

This accomplishment is vital for the partnership's goal of deploying $2.5 billion by 2028

GCC inflation reaches 1.7 percent by end of October 2024, reports GCC-Stat

Annual inflation is driven by housing prices up 6.4 percent, goods and services 3 percent, hotels 1.7 percent

Saudi Arabia’s GDP up 1.3 percent in 2024, driven by non-oil sector growth

The growth stemmed from a 4.3 percent rise in non-oil and a 2.6 percent increase in government activities.

Dubai real estate: Residential prices grow 19 percent, office rents climb 9.1 percent in 2024

The number of homes available for sale in the $10 million+ bracket fell 40 percent, down to only 2,491 homes over the last 12 months

Expand North Star 2025 global promotional campaign kicks off in U.S.

As part of the campaign, a startup pitch competition featured 20 innovative companies

ADQ drives Abu Dhabi’s growth amid critical infrastructure, supply chains expansion

Sheikh Tahnoon commended ADQ’s contributions to building global business platforms, focusing on critical infrastructure and supply chains to drive growth

Saudi Arabia’s liquidity grows 9 percent to $778.6 billion in 2024

Demand deposits, which constitute the largest share, accounted for 49.3 percent of the total liquidity at SAR1.440 trillion

UAE gold prices up AED0.25, global rates rise on dollar weakness

Concerns over a potential global trade war shifted investors to safe-haven assets, raising gold prices

Oil prices fall to $70.10 on weak Chinese inflation, Trump tariffs

West Texas Intermediate crude futures saw a similar decline of 0.4 percent to $66.48 a barrel

UAE’s insurance sector to grow 20 percent in 2025: S&P

Leading UAE insurance firms invest heavily in automation and digital transformation to enhance efficiency and competitiveness