Middle East

Middle East economic confidence improves: Non-oil economies driving growth amid global volatility

New survey highlights marked improvements in the region’s Capital Expenditure and Employment indices

CBUAE reports banks extend $22.1 billion in financial support to SMEs by mid-2024

SME loans made up 9.5 percent of 232.9 billion in financial facilities for commercial and industrial sectors as of June 

UAE gold prices dip, global rates rise as demand offsets stronger dollar

Analysts expect gold prices to reach over $2,800 this year and $3,000 in 2025

Saudi Arabia’s Crown Prince Mohammed bin Salman meets King of Jordan to enhance cooperation

The meeting also saw the participation of Crown Prince Al-Hussein bin Abdullah II

Gold prices hit new record high of $2,752.38, UAE rates up

Market awaits the upcoming release of U.S. existing home sales data, which will provide additional insight into the health of the economy

Oil prices decline amid rising U.S. inventories, ongoing Middle East tensions

Brent crude futures for December fell 0.4 percent, settling at $75.75 per barre

UAE gold prices down, global rates hover near record high as Mideast tensions persist

Traders are pricing in an 87.7 percent chance of a 25-basis-point cut by the Federal Reserve in November

Oil prices slide amid Middle East tensions, Chinese demand concerns

Brent crude futures for December delivery fell by 19 cents, or 0.3 percent, settling at $74.10 a barrel

UAE, Russia presidents discuss strategic partnership in key sectors at Moscow meeting

Presidents reviewed progress in UAE-Russia relations in the areas of economy, trade, investment, space and energy

Oil prices recover marginally following 7 percent weekly drop on rising Mideast tensions

Data revealed that China's economy grew at the slowest pace since early 2023 in the third quarter, fueling additional demand concerns

Gold prices hit new record high: Global gold prices reach $2,732.76 ahead of U.S. election, UAE rates up

In China, investors are gauging the impact of the latest lending rate cut following reductions to other policy rates last month