economy

UAE travel: 60 percent trust AI for planning, but human touch still matters

Human connection remains vital as AI tools reshape hospitality and customer service dynamics

EU halts countermeasures against U.S. tariffs for six months amid ongoing trade negotiations

Concerns remain over tariff rates on spirits as negotiations continue into autumn 2025 

AI surge fuels global dealmaking to $2.6 trillion in H1 2025, highest level since pandemic peak

AI activity is driving remarkable growth in corporate boardrooms, overcoming uncertainty from tariffs

Egypt’s PMI rises to 49.5 in July as employment in private sector surges for first time in nine months

Despite ongoing challenges, Egypt’s PMI reached its highest level in five months

Saudi Arabia’s non-oil private sector grows in July amid job creation, domestic demand

The PMI reading fell to 56.3 in July but remains significantly above the growth threshold 

Saudi Aramco posts $48.68 billion net profit in H1 2025, expects stronger oil demand in H2

Adjusted net income reached $24.5 billion in the second quarter of 2025 and $50.9 billion in the first half of 2025

UAE firms expand output, optimism for future activity remains despite demand slowdown and employment challenges

Dubai's non-oil sector showed a solid recovery, with its PMI rising to 53.5 in July from 51.8 in June

The region is transforming and the world is watching

The Middle East has a once-in-a-generation opportunity to lead the technology transformation, not just respond to it

Stock markets display renewed optimism as investors embrace trade negotiation hopes

Major U.S. indexes rose over 1 percent on Tuesday, breaking multi-session losing streaks amid volatility 

Dubai 24-carat gold price today up to AED407.50, global rates rise as U.S. jobs data boosts Fed rate cut

U.S. employment growth was weaker than expected, with disappointing job additions and revised payroll figures 

Crude oil prices dip to $68.62 as oversupply worries lead to one-week low

OPEC+ agreed to increase oil production by 547,000 barrels per day for September

Saudi economy’s outlook remains favorable despite elevated global uncertainty, says IMF

Robust domestic demand will continue to keep non-oil growth above 3.5 percent over the medium term