economy

Dubai 24-carat gold price today exceeds AED414, global rates approach two-month high on Middle East tensions

Fed's upcoming meeting may signal potential interest rate cuts amid economic uncertainty

Abu Dhabi Infrastructure Summit 2025 launches on June 17-18, elevating urban living with human-centric solutions

Event to explore how integrated infrastructure enhances liveability and economic resilience globally

Fed to keep interest rates steady as job growth slows, tariff risks persist

Since the Fed's May policy meeting, the Trump administration has delayed its global tariffs until July

U.S. tariff revenue rises 270 percent, posts record $23 billion in May 2025

U.S. customs duties surged to a record high, contributing to a reduction in the budget deficit.

Oil prices surge over 8 percent as Middle East tensions escalate

The latest developments in the region require the oil market to price in a larger risk premium for any potential supply disruptions

Dubai gold prices rise AED3.75, global rates hit near 2-month high on Middle East tensions

Further upside in gold prices is expected if tensions escalate further

UAE President, Pakistan’s PM discuss bilateral economic, investment cooperation

Both leaders emphasized the importance of supporting international initiatives for regional and global stability

U.K. exports to U.S. plummet by $2.7 billion in April 2025, largest monthly decrease since 1997

The value of Britain’s exports to the U.S. was the lowest since February 2022 at GBP4.1 billion

Nasdaq Dubai celebrates ICBC’s $1.72 billion multi-currency green bond listings

The listings include $1 billion Floating Rate Notes and $300 million 4.125 percent Notes due 2028

GCC banks with Turkish subsidiaries set to benefit from enhanced macro conditions: Fitch

Banks report averagely decreased losses as Turkish inflation rates drop significantly in 2025

Saudi Arabia, Netherlands forge agriculture agreements with investments surpassing $114 million

The agreements focus on advancing technologies in the environmental, water, and agricultural sectors

Trump urges Fed to cut rates by ‘one full point’ following latest CPI data release

Trump described the May Consumer Price Index as a “great” number