United States

Oil prices dip to $70.25 on oversupply fears after Russia-Ukraine truce

Investors are cautious ahead of the Fed meeting, expecting rates to remain unchanged

Global GDP growth to slow from 3.2 percent in 2024 to 3.0 percent by 2026: OECD

OECD warned that increased trade restrictions will hurt global economic performance and raise inflationary pressures

U.S. Bitcoin ETFs record $5.4 billion in outflows in five weeks

Bitcoin has dropped 21 percent over the last three months

SpaceX Dragon capsule safely returns NASA crew after record-breaking mission

The seven-day mission extended due to issues, including a delayed Boeing test flight

UAE-U.S. merchandise trade grows 9.47 percent to $34.43 billion in 2024

UAE investments in the U.S. reached approximately $3.7 billion between 2018 and 2023

UAE gold prices surge AED2.25, global rates climb over $3,000 on tariff fears

Increased geopolitical tensions in the Middle East heightened the demand for safe havens

Oil prices climb to $71.32 amid Mideast tensions, China’s stimulus

West Texas Intermediate (WTI) crude futures also rose by 0.4 percent to $67.61 per barrel

Dubai Chamber of Commerce welcomes 29,000 companies in trading, services in 2024

23,204 new companies launched in real estate and services, marking 8.4 percent annual growth

Trump says ‘no intention’ to alleviate steel, aluminum tariffs

The U.S. President said reciprocal duties on U.S. trading partners would be implemented alongside auto tariffs

Oil prices rise to $71.73 on Red Sea tensions, China’s new plan

West Texas Intermediate (WTI) crude futures jumped 1.8 percent to $68.09 per barrel

Oil prices rise to $70.35 as Ukraine ceasefire deal prospects diminish

Expectations of lower Russian oil supply in the near term provided some support to oil prices

UAE gold prices climb AED1, global rates surpass $3,000 for the first time

Bullion is on track for a second consecutive weekly increase, rising 2.5 percent so far this week