United Kingdom

UAE Banks Federation, ICAEW collaborate to guide businesses in digital currency adoption

The UAE is one of only 36 countries worldwide currently piloting the implementation of CBDCs

Top trending travel destinations on TikTok in 2024

Dubai is the most popular city on TikTok, with over 29.7 million posts

Türkiye welcomes 26.1 million visitors in H1 2024, tourism revenues hit $23.7 billion

Türkiye reaffirms commitment to its year-end target of 60 million visitors and $60 billion in revenues

G20 pushes for great fortunes tax to fund climate disaster preparedness 

The G20 DRRWG meeting focused on the critical importance of financing for resilient infrastructure and early disaster risk warnings

UAE gold prices down, global rates up ahead of Fed policy meeting

The Bank of England and the Bank of Japan's policy meetings are also due this week

UAE holidays: 35 percent jump in international travel bookings in July, August, says report

Most popular destinations for international travel from the UAE include Thailand, Maldives and Mauritius

Oil prices hold steady, on track for fourth straight week of gains as strong summer demand and supply concerns buoy market

Brent crude futures, which have risen 7 percent over the past four weeks, dipped slightly by 2 cents to $87.41 per barrel

Britain’s GDP expands by 0.7 percent in Q1 2024, but long-term growth outlook remains fragile ahead of election

The economy had contracted for two consecutive quarters in the second half of 2023, indicating a recent recession

UK’s BoE leaves 5.25 percent interest rate untouched, pound weakens below 1.27 against US. dollar

Seven MPC members voted to hold the 5.25 percent rate, while two preferred a 0.25 percentage point cut to 5 percent

UAE’s real estate market to reach $707.86 billion by end of 2024: Report

The extended growth is due to HNWIs' interest in luxury property investment in Dubai

Oil prices maintain stability following recovery from 3-month low, investors await inflation data

Brent crude oil futures expiring in July edged 0.1 percent lower to $83.04 per barrel

Oil prices bounce back slightly as traders eye U.S. inflation report, upcoming OPEC+ meeting

Brent oil futures for July delivery gained 0.1 percent to $82.22 per barrel