economy

GCC economic growth to strengthen to 3.2 percent in 2025, 4.5 percent in 2026: World Bank

The UAE's growth is projected at 4.6 percent in 2025, and 4.9 percent in 2026 and 2027

World Bank cuts global growth forecast to 2.3 percent for 2025 on increased trade tensions

Global trade is expected to grow by 1.8 percent in 2025, down from 3.4 percent in 2024

Saudi Arabia sees 3.1 percent increase in industrial production index for April 2025

Mining and quarrying sub-index grew by 0.2 percent while manufacturing surged by 7.4 percent 

Qatar’s Islamic finance assets grow 4.1 percent YoY to $187.6 billion in 2024

Islamic banks accounted for 87.4 percent of total Islamic finance assets 

ADGM FSRA implements amendments to digital asset regulatory framework

This implementation follows extensive industry engagement and feedback on Consultation Paper No. 11 of 2024

Syria to boost foreign direct investment by resuming SWIFT services soon

Resuming SWIFT operations is expected to reduce informal trade channels in Syria’s economy 

Crude oil prices climb above $67.2 as U.S.-China trade talks show promise

U.S. President Trump reported positive updates from London, enhancing hopes for a trade deal

Dubai 24-carat gold price today declines amid ongoing U.S.-China trade negotiations

High-level U.S.-China trade talks covering tariffs and rare earth restrictions are extending into a second day

Saudi Arabia’s real GDP grows 3.4 percent in Q1 2025, says GASTAT

Growth was driven by a 4.9 percent expansion in non-oil activities and a 3.2 percent growth in government activities

Bitcoin price today holds above $107,000 as investors watch for U.S.-China trade talks

The cryptocurrency has stayed within a narrow range amid uncertainty over global economic policy 

Saudi Arabia’s LEAP tech event expands to Asia with LEAP East 2026 in Hong Kong

The collaboration is expected to deliver a substantial boost to business tourism and generate strong economic impact

Crude oil prices steady above $66.4 as market eyes U.S.-China trade discussions

China is set to release key economic data amidst worries about domestic demand strength