United States

Oil prices up amidst global tensions, concerns about sluggish demand and reduced supplies

Brent oil futures expiring in July had risen by 0.5 percent to reach $83.73 per barrel

Egypt’s foreign currency reserves to surge by $16.2 billion in FY24/25: Report

The report forecasts a growth rate of 4.30 percent for the Egyptian economy in 2025/2026

UN body adopts human rights protections for carbon market mechanism

The move seeks to empower vulnerable communities and individuals

UAE gold prices up as global rates rise despite strong dollar

Currently, markets are pricing a 67 percent chance of a U.S. interest rate cut in September

Oil prices inch up as Saudi Arabia increases June crude prices

Brent crude futures rose by 28 cents, or 0.3 percent, reaching $83.24 per barrel

Microsoft to commit $2.2 billion investment for cloud, AI services in Malaysia

The move will strengthen Malaysia's global AI development support

Oil prices edge up on prospects of OPEC+ maintaining output cuts

OPEC+ is likely to extend its voluntary oil output cuts of 2.2 million barrels per day beyond June

UAE gold prices rise as global rates inch up ahead of key U.S. payroll data

Diminishing geopolitical concerns and a reevaluation of interest rate expectations impact bullion

Oil prices rally as U.S. crude inventories surge, Fed maintains interest rate

Surprise increase in U.S. crude inventories and prospects of a ceasefire in the Middle East add downward pressure on prices

UAE gold prices rise, global rates slip as Fed keeps rates unchanged

Powell's assurance that further rate hikes were off the table will help bullion

US Federal Reserve, UAE Central Bank keep interest rates unchanged

Interest rate cuts by the Fed, expected earlier this year, have been delayed due to stubbornly high inflation

Oil prices decline for the third day as U.S. crude inventories surge

U.S. crude production escalates to 13.15 million barrels per day in February

UAE gold prices decline, global rates marginally rise ahead of Fed’s policy decision

Gold prices have declined more than $140 after reaching a record high of $2,431.29 on April 12

Oil prices dip ahead of Fed meeting as supply disruptions cool

Market expectations for any rate cuts have been pushed out, which could boost the U.S. dollar and potentially dampen oil demand and prices

UAE gold prices dip as global rates decline ahead of U.S. Fed meeting

Gold lost 2.2 percent last week amidst easing tensions in the Middle East

UAE gold prices decline, global rates dip as hope for early rate cuts diminishes

Gold could capitalize on potential downturns in U.S. macroeconomic data in the coming quarters

Abu Dhabi signs MoU with Chile to boost trade, investment

The MoU aims to collaborate in sectors like renewable energy, mining, infrastructure, technology, and more

UAE gold prices rise as global rates increase ahead of key U.S. inflation data

Despite the increase, gold prices were down around 2.3 percent, their biggest weekly drop since early December

Oman forges industrial economic alliances with Saudi Arabia, Japan, and U.S.

The agreements aim to promote private sector involvement in the country's economic growth

Oil prices surge amid U.S. economic data disappointment, supply risks due to geopolitical risk

Brent crude futures saw a gain of 31 cents, equivalent to 0.4 percent, reaching $89.32 per barrel

Boeing reports first revenue decline in 7 quarters as production drops

Company reported $16.57 billion in quarterly revenue, down from $17.92 billion in Q1 of 2023

Oil prices experience minor decline amid easing Middle East tensions

EIA reported an unexpected U.S. crude drop of 6.4 million barrels, surpassing expectations of an 825,000-barrel increase

Samsung and Google to team up for next-level AI

Samsung seeks to integrate Google's second-gen Gemini Nano AI into Galaxy S25 smartphones

Brazil introduces measures to support small businesses, low-income families, and real estate market

The "Acredita" program helps provide microcredit to CadUnico registrants, enabling access to social programs like Bolsa Familia