economy

Saudi Arabia closes June 2025 issuance of sukuk program at $627.8 million

The sukuk issuance was divided into five tranches, each with different maturities and sizes 

UAE Central Bank boosts gold reserves by 19.3 percent to $7.46 billion in Q1 2025

Demand deposit balances surpassed AED1.147 trillion, up from AED1.109 trillion in December 2024 

Crude oil prices surge over 1 percent to above $67 amid Middle East stability

Concerns rise over the Strait of Hormuz, through which nearly a fifth of global oil flows

The unseen lifeline: How travel insurance is adapting to a world in flux

The wise traveler will view their insurance policy not as an all-encompassing shield, but as one vital layer of protection in an unpredictable world

Will the GCC introduce personal income tax after Oman makes the landmark policy shift?

Oman's decision marks a milestone for the region, where tax-free personal income has long been a defining feature of the social contract

Non-oil activities in Saudi Arabia surge by 5.3 percent in 2024, reports GASTAT

Non-oil growth indicates positive trends across various economic sectors in Saudi Arabia for 2024

Emirates NBD highlights UAE’s rise as fintech powerhouse in new PwC report

The report explores key trends shaping the market, including surging digital adoption, expanding venture capital investment, and the integration of AI

Mastercard launches AI-powered account intelligence reissuance service to combat card fraud in EEMEA region

Card fraud costs billions annually, prompting the need for automated and efficient fraud prevention solutions

Stock market today: Shares rally, dollar declines as Mideast ceasefire comes into effect

S&P 500 futures gained 0.80 percent and Nasdaq futures rose 1.13 percent

Crude oil prices plunge 3 percent to $68.75 as tensions ease in the Middle East

Investors expect a return to normalcy in oil if the ceasefire terms are upheld

Dubai 24-carat gold price today dips to two-week low at AED404 amid easing geopolitical tensions

U.S. Fed Vice Chair Michelle Bowman stated the time for cutting interest rates is approaching