economy

GCC banks with Turkish subsidiaries set to benefit from enhanced macro conditions: Fitch

Banks report averagely decreased losses as Turkish inflation rates drop significantly in 2025

Saudi Arabia, Netherlands forge agriculture agreements with investments surpassing $114 million

The agreements focus on advancing technologies in the environmental, water, and agricultural sectors

Trump urges Fed to cut rates by ‘one full point’ following latest CPI data release

Trump described the May Consumer Price Index as a “great” number

Saudi Arabia’s entertainment market to reach $6.1 billion by 2033: Report

Customers' increased disposable income has greatly contributed to the growth of Saudi Arabia's entertainment industry

Sheikh Hamdan explores future of space sector with leading UAE-based startups

Sheikh Hamdan highlighted the space sector as a vital driver of the future and sustainable economic growth

Oil prices dip to $69.48 despite heightened Middle East security risks

A geopolitical premium that keeps Brent above $65 per barrel will likely persist until further clarity on U.S.-Iran talks

U.S.-China trade deal is ‘done’ and tariffs on China will be set at 55 percent, says Trump

The president explained that full magnets and any necessary rare earths will be supplied, up front, by China

Oman unveils 2025 tourism plan to boost recreational offerings, elevate non-oil sector growth

Initiatives include projects that strengthen infrastructure and broaden visitor experiences across the Sultanate

Abu Dhabi introduces new real estate regulations to empower developers, protect investors

Developers can now terminate off-plan agreements more flexibly, reducing disputes and investment risks 

Abu Dhabi’s FAB, EDGE Group partner to enhance financial agility and supplier ecosystem

EDGE’s deployment of FAB’s TMS delivers real-time cash visibility and advanced forecasting capabilities 

Investopia Global Mediterranean to launch second edition in Greece in 2026

Second edition aims to drive partnerships across pivotal sectors of the new economy 

UAE and U.S. discuss pathways for bilateral cooperation in economy, technology and AI sectors

Discussions included promoting peace and coexistence with regional and international partners