economy

Dubai gold prices climb AED3.5, global rates rebound despite U.S.-China trade deal optimism

Trump expressed optimism that a trade deal with China could “substantially” reduce tariffs on Chinese goods

MENA region’s growth to rise moderately to 2.6 percent in 2025, says World Bank

In 2026, real GDP is projected to grow by 4.5 percent among GCC economies

IMF raises Egypt’s growth forecast to 3.8 percent for 2025, 4.3 percent next year

Adjustment improves upon January forecasts of 3.6 percent and 4.1 percent for the economy

Bitcoin jumps over 6 percent to $94,200 as investor confidence rebounds

Market reacted positively after Trump signaled easing trade tariffs

Oman, Russia ink 11 pacts including visa waiver agreement during Sultan’s Moscow visit

The visit marked the 40th anniversary of diplomatic relations established on September 26, 1985 

IMF projects strong UAE economic growth forecast for 2026 at 5 percent

UAE economy is projected to surpass oil-exporting countries, growing 2.6 percent in 2025, 3.1 percent in 2026 

Business restructuring, tax and compliance: Free zone updates

The Executive Council Resolution No. (11) of 2025 allows for free zone companies to establish a branch in Dubai mainland

Oil prices climb to $67.99 on declining U.S. crude stocks, trade optimism

U.S. crude oil inventories fell by about 4.6 million barrels last week, per API data

Dubai gold prices drop AED12, global rates fall to $3,340

Prices declined as Trump eased Fed threats and optimism for a trade deal increased

Trump to visit Saudi Arabia, UAE and Qatar as White House confirms mid-May plans

Trump will address Ukraine and Gaza conflicts during his visit to Saudi Arabia, a key U.S. ally

IMF cuts global growth forecast to 2.8 percent as U.S. tariffs surge to century-high

The IMF lowered its U.S. growth estimate for this year to 1.8 percent and raised its U.S. inflation forecast