Middle East

Oil prices climb to $67.99 on declining U.S. crude stocks, trade optimism

U.S. crude oil inventories fell by about 4.6 million barrels last week, per API data

IMF cuts global growth forecast to 2.8 percent as U.S. tariffs surge to century-high

The IMF lowered its U.S. growth estimate for this year to 1.8 percent and raised its U.S. inflation forecast

ORA Developers: Accelerating growth in the UAE with strategic initiatives

With a new headquarters and a powerhouse leadership team, Engineer Naguib Sawiris' global development firm is positioning itself to capitalize on the region's booming property market

Oil prices climb to $66.77 as Trump pressures Fed, tariffs cloud outlook

Trump criticized Fed Chair Powell, warning the U.S. economy could slow without immediate rate cuts

Mashreq successfully prices landmark $500 million debut Sukuk

The issuance garnered the largest order book in Mashreq’s history, with demand surging to $2.9 billion despite elevated market volatility

Dubai set to launch autonomous taxi service with 50 experimental vehicles

Vehicles are equipped with 40 sensors and detectors to ensure the highest standards of automation and safety

UAE foreign trade hits $1.42 trillion in 2024, up from $952.9 billion in 2021: WTO

H.H. Sheikh Mohammed bin Rashid: UAE prioritizes openness and connectivity, becoming a vital global economic link

Oil prices fall to $66.86 as tariff concerns, economic uncertainty grow

Markets remained nervous about aggressive U.S. tariffs and the ongoing trade war with China

Oil prices rise to $65 on U.S. tariff exemptions, China crude demand

Trump is considering changes to the 25 percent tariffs on foreign auto imports from various regions

When tourism thrives: How the Middle East is set for economic boost with strategic campaigns

Notable initiatives include Qatar’s ‘Amaze Yourself‘, Saudi Arabia’s ‘The Land is Calling‘, and the UAE’s ‘Dubai, What’s Not to Love?'

ATM 2025 puts spotlight on connectivity on 32nd edition

The new Start-Up and Innovation Zone will offer attendees immersive experience to discover the latest in travel technology

Middle East sports market poised for 8.7 percent growth, outpacing global average

85 percent of sports executives expect double-digit growth in women’s sports revenues over the next 3 to 5 years