economy

TikTok teams up with Visa to support SMB growth in UAE

The initiative is proof of TikTok and Visa’s shared commitment to empowering entrepreneurs and fostering innovation in the UAE

Oil prices rise with Brent crude up 0.1 percent above $68.50 on strong demand data

OPEC projects better global economic performance in the second half, improving oil demand expectations

Dubai 24-carat gold price today drops to AED402.75 as dollar strengthens, Trump weighs in on Powell

Investor sentiment shifts as Trump reassures he won’t dismiss Powell, impacting gold prices 

Gold prices: Three scenarios for yellow metal’s trajectory as prices soar to all-time highs in H1 2025

The yellow metal surged by 26 percent in U.S. dollar terms, achieving double-digit returns across currencies

OPEC highlights resilience of UAE non-oil economy amid strong PMI growth in June

The June PMI rose to 53.5, indicating ongoing expansion despite slight deceleration in momentum 

40 percent of adults in developing economies save in financial accounts as mobile tech drives 10 percent growth

Nearly 80 percent of adults worldwide now have a financial account, up from 50 percent in 2011

The future of mobility: How IoT and AI are revolutionizing transportation

Among the various sectors within the IoT market, automotive IoT is expected to dominate, with a projected market volume of $752.71 million in 2025

UAE President arrives in Türkiye on state visit, received by Turkish counterpart

His Highness is accompanied by a delegation of senior officials, enhancing diplomatic ties between nations

Qatar Airways announces resumption of three weekly flights to Aleppo starting August 10

Flights will increase to four weekly from September 1, enhancing travel options for passengers 

Sheikh Mohammed issues major changes to Dubai’s conciliation law aimed at streamlining dispute resolution

Law No. (9) of 2025 amends provisions of Law No. (18) of 2021 governing conciliation frameworks

Revealed: Top performing areas in Abu Dhabi real estate in H1 2025

All signs point to Abu Dhabi emerging as one of the most exciting and future-ready real estate destinations in the region

Dubai Metro Blue Line: $5.6 billion mega infrastructure project secures funding from Emirates NBD

Scheduled for completion by September 2029, it will serve approximately 350,000 daily passengers by 2040