economy

Dubai International Financial Centre (DIFC) posts 35 percent growth with gross written premiums of $3.5 billion in 2024

Surge highlights the center's pivotal role in the insurance sector amid global challenges

New UAE stablecoin initiative to empower businesses with blockchain for seamless transactions

The stablecoin will be regulated by the Central Bank of the UAE, enhancing payment ease 

Crude oil prices drop to $65.41 amid investor concerns surrounding U.S.-China trade relations

U.S. crude oil stockpiles likely rose by about 500,000 barrels in the recent week

Dubai gold prices up AED5, global rates hold above $3,300

Investors will watch key U.S. economic reports this week, including job openings and payroll data 

Arabian Travel Market 2025: Business events and festivals set stage for UAE’s socio-economic growth

Event discussed the microtrends redefining travel and how they are shaping the way destinations evolve and adapt

Dubai World Trade Centre (DWTC) generates $6.1 billion in economic output in 2024 from over 2 million attendees

Large-scale events generated AED2.9 billion in sales value, showcasing Dubai's vibrant economy

Emirates-flydubai alliance hits new high: 5 million passengers on combined network in the past year

Strong demand for Emirates and flydubai drives 36 percent growth in joint passenger traffic

RAKEZ welcomes 3,676 new companies in Q1 2025, marking 23 percent growth

RAKEZ continues to attract investors, particularly from India, Pakistan, the United Kingdom, Egypt and France

Upcoming $950 million T-bill auction by CBE aims to cover previous dollar tender maturity

CBE allows local and foreign institutions to subscribe to T-bills, starting at a minimum of $100,000 

Strong economic indicators signal 3.4 percent GDP growth for Oman in 2025

Foreign direct investment inflows surged by 16.2 percent in Q3 2024 compared to 2023

Joint Saudi-Qatari initiative paves way for $15 million payment to World Bank for Syria

Commitment aims to accelerate the recovery of Syria’s economy and development