economy

Crude oil prices steady above $68.55 amid Trump’s tariff announcements, job market resilience

Trump's letters detail tariff rates ranging from 20 percent to 30 percent for 10 countries simultaneously

Travel and tourism industry to reach 30 billion tourist trips by 2034, adding $16 trillion to global GDP: WEF

India and China will be responsible for more than 25 percent of all outbound travel by 2030

Abu Dhabi’s GDP grows 3.4 percent to $79.2 billion in Q1 2025, driven by 56.2 percent from non-oil sector

Manufacturing sector led non-oil economy with over $7.75 billion value added during the quarter

Dubai’s AI revolution: What are the jobs of tomorrow and those being left behind?

As Dubai accelerates its embrace of AI and digital transformation, several traditional job roles are poised for significant disruption

Kuwait’s non-oil PMI sees record employment growth amid increasing new orders

The S&P Global PMI fell to 53.1, indicating solid improvement in Kuwait's non-oil sector

Saudi Arabia’s non-oil PMI climbs to three-month high of 57.2 in June as hiring growth surges

Employment levels surged sharply, marking the fastest rate of job creation since May 2011 

UAE’s non-oil sector grows in June despite regional tensions impacting supply chains: PMI

The UAE's PMI rose from 53.3 in May to 53.5 in June, indicating a solid improvement in the sector's health

Abu Dhabi’s SME Champions Program facilitates over 650 deals worth $183 million in 2024

The number of registered companies grew from 835 in 2023 to 2,235 in 2024, with the strategic partner count increasing to 20

Abu Dhabi Securities Exchange partners with HSBC and FAB to launch MENA’s first digital bond

Milestone listing reinforces ADX’s leadership in digital asset innovation and financial market modernization

Saudi Arabia and Indonesia sign deals worth $27 billion in energy, aviation fuel services

Bilateral trade between the two nations reached $ 31.5 billion during the past five years

Dubai 24-carat gold prices rise to AED403.75 as global rates edge up ahead of U.S. payroll data

Investors are now awaiting the non-farm payrolls report on Thursday, which is expected to show an addition of 110,000 jobs in June

Oil prices fall 0.71 percent to $68.62 on concerns over weak U.S. demand

U.S. domestic crude inventories rose by 3.8 million barrels to 419 million barrels last week