economy

Bitcoin surges to new all-time high of $111,880 as investors shift to alternative assets

The asset secured a second record high within 24 hours, with a gain of almost 8 percent so far this week

Oil prices rise to $64.92 on supply disruption fears despite U.S. crude inventories uptick

Crude inventories rose by 1.3 million barrels to 443.2 million barrels in the week ended May 16, the EIA said

Dubai 24-carat gold prices rise AED3.5 as global rates hit two-week high

The U.S. dollar was hovering near a two-week low, making gold cheaper for other currency holders

ADNOC signs $1.64 billion deals to manufacture critical industrial equipment in UAE

The long-term agreements encompass the manufacturing of cables and pressure vessels, potentially creating up to 1,300 jobs

Dubai SME to support launch of 8,000 new Emirati businesses by 2033

Establishment aims to raise the total number of supported enterprises to 27,000, up from 19,000 at the end of 2024

Make it in the Emirates 2025: ADIO launches AI-driven partnership with e& enterprise to accelerate industrial growth

Partnership empowers firms to leverage AI technologies and sustainable practices for operational excellence 

Portfolio resilience vital as investors face heightened uncertainty, changing asset class returns: J.P. Morgan

Investors must adapt to policy uncertainty and consider alternative reserves for long-term stability

UAE’s e-commerce market to exceed $13.8 billion by 2029: Report

Digital wallets have surged from 41 percent in 2020 to 53 percent in 2024 in the UAE

Make it in the Emirates 2025: ADIO collaborates with MoIAT to place over 100 Emiratis in strategic industrial roles

Initiative supports the Abu Dhabi Industrial Strategy 2031 and builds world-class skills in the workforce

EFG Holding’s Q1 2025 performance highlights operational resilience with $112.3 million in revenues

Tanmeyah’s portfolio grew by 36 percent, contributing to EFG Finance's strong performance

Make it in the Emirates: UAE launches AED 40 billion financing initiative to power industrial innovation

The initiative aligns with the UAE’s national strategy to diversify the economy and drive sustainable growth through innovation and industrial expansion

Ajman Bank’s first $500 million sukuk issuance achieves 5.4 times oversubscription on Nasdaq Dubai

The issuance highlights the increasing appeal of Sharia-compliant financial instruments from UAE institutions