economy

Google contributes over $5.9 billion to UAE economy in 2024: Report

Google’s AI tools significantly enhanced productivity for individuals and enterprises in the UAE 

Bank of England maintains interest rates at 4.25 percent citing a “highly unpredictable world”

Governor emphasized that interest rates are on a gradual downward path for the U.K.

75 percent of new analytics content to leverage GenAI by 2027: Gartner

GenAI-powered analytics will enable dynamic decisions, transforming enterprise software and business processes.

OPEC Fund unveils $720 million financing to support global development initiatives in several countries

A $212 million loan with Oman will improve connectivity through the Khasab–Daba–Lima Road Project 

World Bank projects stronger medium-term growth across GCC economies

The GCC's rebound is expected to be fueled by the phasing out of OPEC+ oil production cuts and continued expansion in non-hydrocarbon sectors

Bahrain, Russia sign key customs agreement to boost trade ties 

The initiative aims to streamline trade and promote border security between both countries

U.S. Treasury to sell $183 billion in bonds this month

Auction results for two-year, five-year, and seven-year notes will be announced next week 

ADPIC signs MoUs with top UAE universities to boost infrastructure innovation

The partnerships underscore ADPIC's commitment to fostering innovation, developing local talent, and enhancing knowledge exchange

Future cities in focus: Key takeaways from the final day of ADIS 2025

ADIS 2025 has firmly positioned itself as a leading global forum for infrastructure dialogue, demonstrating Abu Dhabi’s bold and forward-looking urban development agenda

Crude oil prices fall to $76.52 as investors weigh potential U.S. involvement in Mideast tensions

Lower Iranian supply and risk of wider disruption could push Brent crude above $90, said Goldman Sachs.

UAE central bank holds interest rates steady, in line with U.S. Fed

After keeping interest rates in the 4.25-4.50 percent range, Fed policymakers signaled that rate cuts are still likely to happen in 2025

Dubai Multi Commodities Centre sees 7 percent increase in U.S. companies, fueled by recent UAE-U.S. agreements 

DMCC is home to over 45 percent of the estimated 1,500 American companies in the UAE