economy

New Russia-North Korea bridge to boost trade and tourism, enhance economic ties

Finalized during Putin's 2024 visit, the bridge project aims to boost cross-border movement

Bank of Japan (BOJ) maintains rates at 0.5 percent, revises growth forecasts for 2025 and 2026

Cautious approach reflects concerns over U.S. tariffs impacting Japan's recovery prospects

IMF cuts MENA 2025 growth forecast to 2.6 percent as global policy uncertainty looms

GCC economies are expected to grow 3 percent in 2025 and 4.1 percent in 2026

Crude oil prices fall to $63.12 amid prospects of stronger supply from OPEC+

Last month, Brent and WTI marked their biggest percentage drops since November 2021

Dubai gold prices fall AED7, global rates slip as trade tensions ease

U.S. President Donald Trump said he has "potential" trade deals with India, South Korea and Japan

Saudi banks successfully navigate external debt growth amid market challenges: S&P

The rise in interbank liabilities accounted for 55 percent of Saudi banks' external debt increase

GCC countries contribute over 35 percent of all emerging-market U.S. dollar debt in Q1 2025, Fitch reports

Primary market dollar issuance shows promise despite recent quietness in the GCC region

Oil prices fall to $62.50 as trade war weighs on demand, supply concerns rise

Trump's tariffs have raised fears of a potential recession in the global economy this year 

Dubai gold prices drop AED0.75, global rates steady ahead of key U.S. economic data

U.S. consumer confidence dipped to its lowest point in nearly five years amid tariff concerns 

UAE MoHRE, ADIB launch instant digital wallet for corporate payments

Corporate customers can now make instant payments for MoHRE services through the new wallet 

Dubai Land Department (DLD) hosts ‘Dubai Real Estate Connect’ event to boost investments from India

Initiative aligns with Dubai’s Real Estate Promotion Strategy to enhance international investment ties 

Abu Dhabi’s HELM cluster to create 30,000 jobs, fuel $25.6 billion economic growth by 2045

The cluster seeks to generate $11.4 billion in investments by that timeframe