Tax

Trump doubles tariffs on steel and aluminium to 50 percent

The move hikes import taxes for the second time since March, impacting various industries and consumers 

Qatar and Kuwait sign agreement to avoid double taxation, promote investment

The deal establishes a legal framework for tax treaties to eliminate double taxation instances 

Oman’s public revenues reach $33.2 billion in 2024 driven by hydrocarbon gains

Public spending reached OMR12.241 billion, primarily driven by subsidies for oil and development projects

Saudi Arabia, China strengthen financial cooperation in tax policy and capital markets

Discussions aimed at strengthening bilateral ties and improving international financial institutions

AI job disruption and trade tensions raise global economic uncertainty, WEF warns

WEF’s economic outlook revealed 47 percent of economists anticipate job losses due to AI transformation

Dubai 24-carat gold price today rises AED1.5 as market awaits key economic data

Spot gold was up 0.3 percent at $3,308.99 an ounce as of 0237 GMT, recovering slightly

Crude oil prices edge down to $63.85 as OPEC+ meeting approaches

Market anticipates OPEC+ decision on increased crude oil output, affecting global prices

Crude oil prices surge above $64.45 as U.S. extends EU trade talks deadline

Trump's deadline extension for EU trade talks aims to alleviate concerns about tariffs and fuel demand

Dubai 24-carat gold price surpasses AED404 as global rates fall on Trump’s EU tariff extension

Rising gold prices reflect safe-haven buying as U.S. tariffs loom over European imports

Trump proposes 50 percent tariffs on EU as Apple risks 25 percent unless manufacturing moves to U.S. 

Trade discussions between Trump’s administration and the EU have been described as going nowhere

Dubai 24-carat gold price today rises as soft dollar boosts safe-haven demand

Spot gold rose 0.7 percent to $3,223.55 an ounce amid global market fluctuations

U.S. economy forecast raised to 0.5 percent this year, 1.6 percent in 2026: Barclays

The bank noted that the U.S. eonomy showed resilience as recession fears subsided