United States

DeepSeek surpasses ChatGPT as top app in App Store, Google Play

On iOS, DeepSeek is currently the No. 1 free app in the U.S. App Store and 51 other countries

UAE gold prices rise AED2.25, global rates steady as investors await Fed decision

The recovery in global markets failed to assist gold prices in rising over their Tuesday levels

Oil prices stabilize at $77.47 amid U.S. inventory data and Trump tariff concerns

Crude prices saw some losses this week amid concerns over weak Chinese economic data

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