United States

Trump confirms Microsoft in talks to acquire TikTok

In 2020, Microsoft emerged as a top bidder to buy TikTok, but talks soon collapsed when he left office

Oil prices climb 0.2 percent to $77.21 after steep losses amid Trump concerns, demand uncertainty

DeepSeek questions the need for data center investments, suggesting fewer centers may lower energy demand

UAE gold prices fall AED3.5, global rates rise as focus shifts to Fed meeting

China's net gold imports through Hong Kong fell 84 percent in December, dropping to their lowest since April 2022

Fed to hold interest rates steady as Trump calls for lowering borrowing costs

The market is pricing in the possibility that the U.S. central bank will lower borrowing costs twice by the end of this year

Oil prices decline 1.2 percent to $77.59 as Trump’s policies, China’s weak data impact market

Oil markets faced pressure from weak PMI data from China, indicating ongoing struggles in business activity

UAE gold prices dip AED1.5, global rates fall as Fed’s rate decision nears

The U.S. dollar index gained 0.28 percent to 107.74, making bullion less attractive for other currency holders

Alibrahim says Saudi Arabia’s $600 billion pledge to U.S. to include investments, procurement

"What we'll spend in the economy from the start of Vision 2030 to 2030 is 12 times that number," Alibrahim said

The impact of macroeconomic indicators on forex pairs linked to GCC currencies

Explore how regional macroeconomic indicators affect currency pairs involving GCC currencies like the AED and SAR

ChatGPT outage resolved after significant disruption

The recent ChatGPT outage followed the announcement of the $500 billion Stargate project by OpenAI

Davos 2025: Trump promises “the largest tax cut in American history”

Trump added that he would reduce corporate tax from 21 percent to 15 percent