economy

Dubai launches ICV program to boost local manufacturing, in line with Economic Agenda D33

The initiative will be implemented through TASHAROK, the Government of Dubai’s shared procurement program

Abu Dhabi, Japan strengthen collaboration in smart mobility, business and sustainability

Strategic partnership for smart mobility solutions signed between Emirates Driving Company and Zenmov

Crude oil prices rise to $64.21 as optimistic U.S.-China trade talks ease demand concerns

Chinese Vice Premier He Lifeng said a U.S.-China joint statement would be released on Monday

Dubai’s Parkin drives $37.2 million net profit in Q1 2025 amid expansion

Revenue rose 27 percent to $74.4 million, with strong operational performance citywide

“80 percent tariff on China seems right,” says Trump

Since taking office in January, Trump has raised tariffs on imports from China to 145 percent

Qatar Central Bank issues $796.4 million worth of bills

QCB detailed bill offerings, including QAR500 million maturing in 7 days at 4.61 percent

Bitcoin price skyrockets past $103,000: Can the rally last?

ETF inflows inject billions, bullish sentiment rises, and technicals point up as Bitcoin echoes past bull markets

AD Ports Group’s Q1 2025 revenue surges to $1.25 billion, net profit climbs 16 percent

Group EBITDA rises to $310.4 million, with net profit soaring to $126.3 million

What does the “breakthrough” U.S.-U.K. trade deal include?

The reciprocal tariff rate of 10 percent, as originally announced on Liberation Day, will remain in effect

Dollar diversification: Why now?

Global investors are selling U.S. equities at a record pace, surpassing levels seen during COVID shock

Abu Dhabi, Japan ink MoU amid 11.9 percent bilateral trade growth

UAE investments in Japan doubled in 5 years; attracting 80 percent of Japanese investment in the Middle East