United States

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

Qatar partners with Microsoft to launch AI-powered virtual assistants for improved government services

Smart Assistant streamlines processes by providing immediate responses and guidance without direct staff interaction

Oil prices fall to $64.11 on higher OPEC+ output prospects

Brent was down 2 percent so far this week, while WTI was 2.7 percent lower

Dubai 24-carat gold prices steady, global rates set for best week in over a month

The dollar has lost more than 1 percent so far this week and is set for its worst weekly performance since April 7

Stargate UAE, the largest AI campus outside U.S. launched by OpenAI, Oracle & Nvidia

The AI Campus will feature 5 gigawatts of capacity and innovative computing resources

OpenAI to acquire Apple designer’s startup for $6.5 billion to create new AI-powered computers

Move aims to leverage expertise for revolutionary products that reshape the tech landscape 

Bitcoin surges to new all-time high of $111,880 as investors shift to alternative assets

The asset secured a second record high within 24 hours, with a gain of almost 8 percent so far this week

Oil prices rise to $64.92 on supply disruption fears despite U.S. crude inventories uptick

Crude inventories rose by 1.3 million barrels to 443.2 million barrels in the week ended May 16, the EIA said

Dubai 24-carat gold prices rise AED3.5 as global rates hit two-week high

The U.S. dollar was hovering near a two-week low, making gold cheaper for other currency holders

Google unveils Gemini AI upgrades, Android XR smart glasses, and new subscription service

Android XR glasses combine augmented reality and AI, offering real-time interaction with the environment 

Qatar’s QIA to ramp up U.S. investments in AI, supply chains and industry, says CEO

The CEO also confirmed the QIA's interest in asset and portfolio management

Crude oil prices hit $66.4 amid fears of potential supply chain disruptions

Investors await upcoming U.S. oil stock data from the EIA later on Wednesday