Middle East

How European family offices are reallocating capital towards the UAE

The UAE imposes no personal income tax, capital gains tax, or inheritance tax

Valu debuts on EGX with $6.6 million dividend distribution from EFG Holding

EFG Holding distributed 20.488 percent of Valu’s capital, enabling direct shareholder participation in growth

Travel disruptions persist as Middle East tensions escalate, airlines suspend flights

Emirates has temporarily suspended all flights to Iran (Tehran) and Iraq (Baghdad and Basra), until Monday June 30, 2025

Valu welcomes tech giant Amazon as shareholder following Egyptian Exchange debut

The move comes shortly after Valu’s successful listing on the Egyptian Exchange (EGX)

Crude oil prices surge to highest levels since January amid Strait of Hormuz closure concerns

Goldman Sachs predicts Brent could peak at $110 if oil flows through the strait are disrupted

Dubai 24-carat gold price today remains above AED405 amid rising dollar, Middle East tensions

Investors shifted to the dollar following U.S. airstrikes, impacting gold and commodity markets

Saudi Arabia launches massive summer 2025 tourism campaign to attract global visitors

Saudi Arabia's “Color Your Summer” invites visitors to explore six key destinations that offer a seamless blend of nature, adventure, and culture

Global green building network rolls out new digital tool to support climate-resilient goals

The tool is intended to serve as both a diagnostic instrument and a platform for coordinated action between now and COP30

Egypt aims for 4.5 percent economic growth as parliament passes FY2025/26 development plan

Real GDP growth is projected to rise from 2.4 percent in FY2023/24 to 3.8 percent in FY2024/25, then to 4.2 percent and 4.6 percent in FY2025/26 and FY2026/27, respectively, according to World Bank projections

Oil prices fall $1.64 after U.S. delays decision on involvement in Mideast conflict

Trump will decide whether the U.S. will get involved in the Israel-Iran conflict in the next two weeks, the White House said

Dubai gold prices fall AED1.75, global rates dip 2.2 percent this week on fewer Fed rate cut prospects

A stronger dollar and prospects of fewer U.S. interest rate cuts weighed on investor sentiment this week

Google contributes over $5.9 billion to UAE economy in 2024: Report

Google’s AI tools significantly enhanced productivity for individuals and enterprises in the UAE