economy

Abu Dhabi tourism: City welcomes 1.4 million overnight visitors in Q1 2025

Abu Dhabi's hotels generated AED2.3 billion in revenue, an 18 percent increase compared to the same period last year

Dubai gold prices fall AED2.5, global rates hit $3,289 amid easing U.S.-China trade tensions

The dollar rose 0.2 percent, making gold bullion pricier for international buyers 

stc Group posts net profit of $973 million in Q1 2025, up 11.05 percent YoY

Revenues reached $5.12 billion with an increase of 1.60 percent

Dubai AI Week 2025: Sheikh Hamdan unveils AI@70 to celebrate 70 years of AI development

Bringing together academia, business, and technology to discuss the future of AI development

Dubai AI Week 2025: Sheikh Hamdan witnesses signing of strategic partnerships to boost digital economy

Partnerships aim to accelerate start-up growth and reinforce Dubai as a global innovation hub

Dubai AI Week 2025: Sheikh Hamdan launches academy to accelerate AI adoption across sectors

The academy aims to educate 10,000 leaders in partnership with global academic institutions

Saudi Vision 2030: A comprehensive review of achievements in 2024

Vision hit 93 percent target success rate in first nine years

Ajman Bank launches debut sukuk with $2.7 billion demand from global investors

The bank successfully priced the $500 million sukuk at a fixed profit rate of 5.125 percent 

China eases tariffs on selected U.S. goods to mitigate economic strain

Exemptions follow conciliatory statements from Washington amid rising fears of global recession

Lebanon: New banking secrecy reforms to restore financial stability, fulfill IMF demands

New law allows regulators to access ten years of banking records to combat corruption

Oil prices rise to $66.98, set for weekly loss on higher global supply potential 

Brent is on track for a 2 percent weekly fall while WTI crude is set to decline 2.9 percent for the week