Economy
Silver Soars Past $65 for the First Time, Gold Rises
Layla Al MansooriSilver broke through $65 per ounce for the first time Wednesday, while gold also climbed after weak U.S. jobs data sparked expectations for interest r...
Mansour Bin Mohammed: Leading Major Events with Unparalleled Standards
Dubai's maritime authority has finalized comprehensive plans to manage the surge in yacht traffic expected during New Year's Eve celebrations. The Dub...
Visa Enables Cryptocurrency Payments with Stablecoins
Visa just opened its US payment network to stablecoin settlements, letting American financial institutions process transactions using USDC stablecoins...
Soaring Developments: Ajman's Real Estate Project Registrations Surge by 121% in 2025
Ajman saw a massive 121% jump in real estate development project registrations in 2025 compared to the previous year, according to the Ajman Real Esta...
Mubadala Bio Launches Advanced Cancer Treatment Facility: Pioneering Oncology Medicines
Mubadala Bio, the UAE's national pharmaceutical manufacturer, opened a new high-potency drug facility and launched three cancer medications. Two of th...
Global Partnership: Mubadala and Barings to Invest $500M in Real Estate Debt
Abu Dhabi's Mubadala Investment Company has partnered with Barings, a major global investment manager owned by MassMutual, to launch a $500 million re...
Abu Dhabi Development Fund Unveils Ambitious 2030 Strategy to Drive Sustainable Growth
The Abu Dhabi Fund for Development has unveiled its 2030 strategy, focusing on sustainable economic growth worldwide while boosting UAE's national eco...
Gold Soars as U.S. Treasury Yields Decline, Driving Investor Demand
Gold prices climbed Monday as U.S. Treasury yields dropped, making the precious metal more attractive to investors. Meanwhile, silver held steady afte...
Arab Energy Organization Discusses Supporting Market Stability
Arab energy ministers are meeting in Kuwait to tackle major shifts happening in global energy markets. The 115th ministerial meeting of the Arab Organ...
Sharjah Shopping Festival 2025-2026 Continues to Thrive with Interactive Experiences
Sharjah's 2025-2026 Shopping Festival is drawing large crowds of families and shoppers to malls across the emirate, with the event serving as a key dr...
UAE's Project 'Madar Al Saa'a' Generates 8% of Abu Dhabi's Total Electricity, Says Assistant Projects Manager
The UAE has launched construction of the world's largest solar-plus-storage project in Abu Dhabi. The "Around the Clock" project combines 5.2 gigawatt...
UAE and Cyprus Deepen Trade and Investment Ties: Unlocking Lucrative Opportunities
The UAE and Cyprus are building stronger economic ties after signing a deal to create a joint business council. Trade between the two countries jumped...
UAE Leads Middle East in Electronic Trade Volume of Financial Derivatives
The UAE now handles more than half of all electronic derivatives trading in the Middle East, with trading volumes exceeding $576.5 billion. This makes...
Sharjah Businesswomen's Council Sets the Pace for Women's Economic Empowerment
The Sharjah Businesswomen Council continues to grow as a key platform for economic empowerment, turning women's business ideas into real opportunities...
Gold Surges to 7-Week High as Investors Seek Safe-Haven Assets
Gold prices held steady near seven-week highs on Friday as markets bet on more interest rate cuts next year. The Federal Reserve surprised traders by...
AI: A Valuable Partner in Finance and Investment
People should stay in control of their own money, even as artificial intelligence becomes more common in finance. That's the key message from Simon Sh...
Abu Dhabi Finance Week: Global Initiatives and Partnerships Shaping the Future of Financial Innovation
Abu Dhabi wrapped up its biggest financial week ever, with major global companies setting up shop in the emirate and nearly $2 billion pledged to figh...
Sharjah Asset Management Explores Partnership Opportunities with Dutch Delegation
Sharjah Asset Management, the investment arm of Sharjah's government, met with Dutch consulate officials to explore partnerships in developing climate...
Exciting Changes to Selective Tax: Tiered Pricing Model Introduced for Sweetened Beverages
The UAE is introducing a new tiered tax system for sugary drinks starting January 2026. Instead of a flat rate, the tax will now depend on how much su...
Gold Retreats After U.S. Interest Rate Cut Disappoints Investors
Gold pulled back Thursday after hitting its highest level in nearly a week, as investors grew uncertain about the pace of monetary easing next year fo...
UAE's Non-Oil Sector Projected to Grow 5% by 2026: Driving Economic Diversification
The UAE economy is set to grow 4.3% in 2026, outpacing both global and regional averages, according to Mastercard Economics Institute's latest forecas...