economy

Global economy faces $1.5 trillion loss due to delayed mega projects by 2030: Report

Middle East emerges as epicenter of global construction boom with surging megaprojects

Earth intelligence market to hit $20 billion by 2030 as private sector growth accelerates: Report

As private firms invest more, Earth intelligence will account for over 50 percent of total spending by 2030 

Saudi Arabia’s industrial production index grows 1.5 percent in May on mining, manufacturing

The mining and quarrying sub-index rose by 2.1 percent year-on-year 

Binance launches Sharia Earn as first multi-token staking service compliant with Islamic finance principles

The Islamic finance market exceeds $4 trillion, yet many Muslims are excluded from crypto

Saudi Arabia’s CMA approves key amendments to investment funds regulations to boost competitiveness, protect investor rights

Key amendments expand distribution categories, allowing electronic money institutions to distribute fund units 

OPEC reduces 2025 oil demand forecast to 105 million bpd, projects 122.9 million bpd by 2050

The long-term projection reflects increasing energy needs in developing nations and anticipated investments.

EY report: Bahrain most cost-effective GCC hub for financial services firms

Bahrain aims to empower global financial institutions to leverage the kingdom’s unique advantages and highly skilled talent to drive technological advancement

Dubai Chamber of Commerce launches new delivery business group to boost sector growth

The chamber currently has 106 Business Groups, enhancing private sector representation across various industries 

Kuwait, Jordan ink six agreements focused on crucial areas like trade, tourism, and investment

Agreements further reached to enhance higher education, research, and student exchanges for academic collaboration 

Stock market today: Cautious optimism amid U.S. trade uncertainty, tech rally

AI and semiconductor stocks lead the charge, while consumer sectors lag due to tariff impacts 

Dubai 24-carat gold prices gain AED2.5 as global rates rise on softer dollar, tariff concerns

The U.S. dollar index declined 0.13 percent to 97.43, while the yield on benchmark 10-year U.S. Treasury notes retreated from a three-week high

Oil prices fall to $70.17 as Trump expands tariffs, triggering demand concerns

Only a couple of Fed policymakers supported the idea of cutting interest rates as early as this month