economy

GCC inflation rate hits 1.7 percent by December 2024 on rising housing prices: GCC-Stat

Housing prices increased by 5.9 percent, significantly impacting the overall inflation rate in the region

Make it in the Emirates launches in Abu Dhabi with focus on AI-driven manufacturing

Over four days, attendees will discuss national content and smart industrial transformation in depth

UAE’s ADNOC awards $17.9 billion in contracts to 400 local companies in H1 2025

The awards cover critical sectors, emphasizing ADNOC's commitment to prioritizing local suppliers in procurement

Crude oil prices hold steady at $65.36 amid trade tensions, economic data from China

Both contracts saw a rise of over 1 percent after the U.S. and China paused tariffs

Dubai 24-carat gold price today rises as soft dollar boosts safe-haven demand

Spot gold rose 0.7 percent to $3,223.55 an ounce amid global market fluctuations

Dubai Finance, DIFC partner to advance cashless strategy through governance, innovation 

Partnership includes workshops to implement best practices for a cashless economy across Dubai

AWS and e& launch UAE sovereign cloud to power public sector digital transformation

The service includes extensive oversight from the UAE Cybersecurity Council to guarantee compliance with local regulations

U.S. economy forecast raised to 0.5 percent this year, 1.6 percent in 2026: Barclays

The bank noted that the U.S. eonomy showed resilience as recession fears subsided

UAE, U.S. ink landmark agreement for advanced AI semiconductor purchases

The agreement will generate significant business and boost the UAE's AI ambitions

Make it in The Emirates 2025: Creating the future today

The event offers international investors and industrial leaders a unique opportunity to explore the UAE’s competitive edge

Saudi Arabia’s inflation reaches 2.3 percent in April 2025, among lowest in G20 nations

GASTAT measures prices through a fixed basket of 490 goods and services paid by consumers

Oil prices set for second weekly rise as trade tensions ease — Brent gains 0.02 percent

Both Brent and WTI were up 1 percent so far this week after a surge earlier in the week