Middle East

EU approves $4.4 billion and $539.5 million loans for Egypt, Jordan

The Parliament approved macro-financial assistance to Egypt: 452 votes for, 182 against, 40 abstained

UAE gold prices jump AED1.75, global rates hit record $3,148.88

U.S. economic slowdown and rising inflation could drive gold prices to $3,300 in the next months

Trump to make first foreign trip to Saudi Arabia, UAE and Qatar

Trump also plans to visit Qatar and the UAE during this trip

Technology could drastically cut risk and compliance costs for Middle Eastern banks

Regional financial institutions could significantly reduce their risk and compliance costs by more than 20 percent through strategic technology investments

Eid al-Fitr 2025: Record gold prices trigger shift in UAE consumer preferences toward 18K gold

March has been one of the most bullish months for gold in the past 4 years, gaining around 4.2 percent on average

DEWA unveils roadmap to become world’s first AI-native utility

This initiative keeps DEWA at the forefront of digital advancements and drives sustainable growth in energy

Eid al-Fitr: Dubai’s Emirates adds 17 flights to Middle East/GCC

The expanded flight schedule offers more chances to reunite, celebrate, and enjoy leisure getaways

UAE gold prices down AED1.75, global rates rise on Fed optimism

Spot gold was up 0.1 percent at $3,025.12 an ounce

Oil prices slip to $71.88 amid Trump tariffs, Russia-Ukraine talks

West Texas Intermediate (WTI) crude futures lost 0.3 percent to $67.67 per barrel

Oil prices rise 0.37 percent: Iran sanctions, planned OPEC+ cuts set prices for second weekly gain

The U.S. dollar index gained 0.15 percent to 104.01 on Friday, making crude more expensive for foreign buyers

UAE gold prices dip AED0.5, global rates set for third weekly gain on rate cut hopes

Bullion recorded an all-time high of $3,057.21 per ounce on Thursday and has climbed about 1.5 percent so far this week

DP World launches deep-water port project in Congo

This collaboration marks a key milestone in the Banana Port project, transforming trade and boosting DRC’s economy