economy

UAE announces new tax rules regarding non-resident nexus for corporate regulations

This decision eases compliance for foreign investors and highlights the UAE's commitment to investment appeal

Dubai gold prices up AED0.75, global rates fall to 3.5-week low

Market sell-off continued as investors sold bullion to cover losses amid recession fears from trade war

Oil prices hit four-year low of $63.93 amid Trump tariff fears

Trump intensified trade tariffs, raising worries about slowing economic growth and declining demand

7X appoints Tariq Al Wahedi as Group CEO to lead next phase of growth

Al Wahedi has over 20 years of expertise in logistics, CEP solutions, and venture capital

U.S. economy adds 228,000 jobs in March amid looming trade war escalation

Job growth rebounded significantly from last month’s revised total of 117,000 new jobs added 

IMF urges U.S. to collaborate on trade as tariffs pose economic risks

Georgieva stated the IMF will assess tariffs during meetings from April 21-26 

U.S. trade deficit shrinks by 6.1 percent to $122.7 billion amid tariff changes

Imports held steady at $401.1 billion in February after a sharp increase in the prior month

U.S. tariffs could constrict global trade by 1 percent in 2025, WTO warns 

Trump recently announced a 10 percent import tax and higher tariffs on trade surplus nations.

J.P. Morgan raises global recession odds to 60 percent on U.S. tariff concerns

Retaliation, a slide in U.S. business sentiment and supply chain disruptions could magnify the impact of tax hike

Global AI market to reach $4.8 trillion by 2033: 40 percent of jobs at risk

The report emphasized the need for global AI governance, with 118 countries absent from discussions

U.K. targets U.S. imports: List of products facing tariffs

The published list features roughly 8,000 items that could be affected by future retaliatory duties

UAE non-oil business sector growth declines in March – PMI

UAE firms remain optimistic about future growth, supported by strong pipelines and national infrastructure development