economy

U.S. wants a fair trade deal with China, says Trump

When asked if any trade deals would be announced this week, Trump said that there could "very well be"

Saudi Arabia non-oil sector employment climbs, reflecting continued growth momentum

Saudi Arabia's economy grew 2.7 percent in Q1, driven by non-oil sector activities and diversification

Warren Buffett to step down as CEO of Berkshire Hathaway – Who will lead next?

Buffett’s announcement was met with applause from 40,000 shareholders during the annual meeting 

Oil prices drop over $2 as OPEC+ agrees to increase production by 411,000 barrels

Barclays lowered its Brent forecast by $4 to $66 a barrel due to OPEC+ decisions

Dubai’s 24-carat gold prices up AED3.50; global rates rise on weaker dollar

Traders expect 80 basis points of rate cuts this year after strong job growth reported in April

Dubai’s TECOM Group posts $185.1 million in revenues, up 21 percent YoY

Diverse asset portfolio and long-term strategy drive 23 percent YoY profit increase

Abu Dhabi Infrastructure Summit to launch inaugural edition in June 2025 to drive innovation, investment

The summit aims to facilitate dialogue on critical challenges shaping the emirate’s built environment

Makkah sees 162 percent surge in tourist spending during Ramadan, says Visa

Madinah saw a 64 percent increase in visitor spend during Ramadan

Abu Dhabi’s economy to grow 4.2 percent in 2025, 5.8 percent in 2026: IMF

Dubai's economy is projected to expand by 3.3 percent in 2025, increasing to 3.5 percent in 2026

Crude oil prices rise to $62.53 as China evaluates U.S. trade proposal

The United States has approached China to seek talks over Trump's 145 percent tariffs, and Beijing's door was open for discussions