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Markets
UAE gold prices rise AED2.5, global rates hit record high on Trump tariff concerns
Earlier in the session, gold prices hit an all-time high of $2,799.71
Economy
Saudi Arabia’s real GDP sees 4.4 percent growth in Q4 2024, highest in two years
In 2024, Saudi Arabia’s economy rebounded, with real GDP increasing by 1.3 percent year-over-year
Logistics
Qatar-Oman trade volume surpasses $1.8 billion in 2024, says minister
Bilateral meetings aimed to explore collaboration and investment opportunities between Qatari and Omani companies
Banking & Finance
National Bank of Fujairah’s operating profit reaches all-time high of $441 million in 2024
The bank reported $231.44 million in net profit for the year
Economy
Sheikh Maktoum prioritizes financial sustainability to reinforce UAE’s global investment status
H.H.: "We remain committed to adopting the best global financial management practices"
Real Estate
Dubai’s real estate sector sees surge in demand for residential units as population grows, says Sajwani
The first half of 2024 saw more than 220,000 people relocating to Dubai, said Sajwani
Economy
Dubai unveils two toolkits for resolving family business conflicts
The first toolkit highlights genograms for understanding relationships
Energy
Oil prices rise 0.2 percent to $76.71 as traders absorb hawkish Fed signal, Trump tariffs
West Texas Intermediate crude futures climbed 0.3 percent to $72.81 a barrel
Banking & Finance
US Federal Reserve, UAE central bank hold interest rates steady
After cutting the benchmark interest rate a full percentage point last year, the Fed kept it in the current 4.25-4.50 percent range
Egypt
Egypt’s imports projected at $105 billion and exports at $115.8 billion by 2030, says minister
The country plans to boost growth while reducing inflation and managing internal and external debt ratios
Miscellaneous
Estonia reaches 100 percent digital government services as UAE aims for 2,000 bureaucratic cuts
Both nations are dedicated to advancing digital transformation and enhancing services for citizens
Banking & Finance
ADIB reports record $1.66 billion net profit for 2024, up 16 percent
The Bank's Board recommended a cash dividend per share of 83 fils for 2024, amounting to AED3.030 billion
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