Economy
Gold Rebounds After Falling From Record Highs
Layla Al MansooriGold prices climbed slightly on Monday, recovering some ground after a sharp drop last week from record highs above $4,300 per ounce. The precious met...
UAE Data Center Market to Reach $12.1 Billion by 2030, Reveals Research and Markets
The UAE is experiencing a major surge in data center and cloud infrastructure projects, driven by rapid government digital transformation and widespre...
Abu Dhabi's Economic Department Leads UK Business Delegation, Strengthens Bilateral Ties
Abu Dhabi's economic development team just wrapped up a major business trip to London, signing multiple deals and showcasing investment opportunities...
UAE Captures 36% of Gulf Region's International Visitors, Solidifying Its Tourism Dominance
The UAE captured 36% of all international tourists visiting Gulf Cooperation Council countries last year, welcoming 26 million visitors out of the reg...
Majesty Concludes European Tour with Monaco Finale: A Captivating Royal Journey
Gulf Craft's luxury yacht brand Majesty wrapped up its 2025 European tour with stops at major industry events including the Cannes Yachting Festival,...
Dubai Customs Leverages AI and Big Data to Enhance Decision-Making Processes
Dubai Customs wrapped up its participation at GITEX Global 2025, showcasing digital projects that align with Dubai's economic agenda and position the...
UAE Stocks Soar: Local Market Gains AED 17.2 Billion in One Week
UAE stock markets gained 17.22 billion dirhams in market value last week, with Dubai Financial Market leading the surge at 15.56 billion dirhams while...
Abu Dhabi's Energy Ministry Partners with Google Cloud to Drive Innovation and Digital Transformation
Abu Dhabi's energy department just signed a partnership deal with Google Cloud to bring AI and cloud computing into the emirate's power grid. The agre...
Oil Prices Poised for Weekly Losses as Recession Fears Loom
Oil prices dropped Friday and are heading for a 3% weekly loss as uncertainty clouds global energy supply markets. Both major oil benchmarks hit their...
Egypt Hikes Domestic Fuel Prices: Rising Costs Impact Consumers
Egypt raised fuel prices across the board on Friday, marking the second increase this year as the government continues cutting subsidies to reduce the...
Abu Dhabi Stocks Surge: $3.1 Billion Boost in Market Capitalization
UAE stock markets showed mixed performance yesterday, with Abu Dhabi continuing its three-day winning streak while Dubai's index fell. The standout wa...
UAE's Global Aluminum Expands Spectro Alloys Plant in the U.S.
Emirates Global Aluminium (EGA), the world's largest premium aluminum producer, is expanding its Spectro Alloys recycling plant in Minnesota for the s...
AI-Powered 'Ain' System Launched by Saudi Arabia's Human Resources and Localization Ministry
The UAE Ministry of Human Resources and Emiratisation just launched an AI-powered system called "Ain" that automatically processes work permit applica...
Oil Prices Surge in Early Trading: Insights and Outlook
Oil prices jumped nearly 1% in early trading Thursday after hitting their lowest levels since early May, with both major crude benchmarks recovering f...
UAE-Africa Tourism Investment Summit Kicks Off October 27, Backed by Sheikh Mohammed bin Rashid
Dubai's Ministry of Economy and Tourism is hosting the UAE-Africa Tourism Investment Summit on October 27, bringing together over 350 leaders from the...
UAE and Uzbekistan Hold Bilateral Meetings to Combat Economic Crimes
The UAE and Uzbekistan are strengthening their partnership to fight money laundering and terrorist financing through a new workshop in Tashkent. This...
Prominent Holding Company "Alec" Debuts on Dubai Financial Market
Dubai's stock market just witnessed its biggest construction sector IPO ever. ALEC Holding, a Dubai-based engineering and construction company, raised...
Oil Prices Slip in Early Trading, Signaling Potential Market Shifts
Oil prices dropped in early trading Wednesday, continuing losses from the previous session as investors weighed warnings from the International Energy...
Abu Dhabi's Pioneering AI Governance Framework: A Pivotal Achievement in the Emirate's Smart City Transformation
Abu Dhabi just launched what it claims is the world's first autonomous government system that handles routine tasks without any human input. The new f...
Sharjah's Women Entrepreneurs Host Forum on Social Responsibility and Social Entrepreneurship
The Sharjah Businesswomen Council teamed up with the American University of Sharjah's business school to host a major dialogue on corporate social res...
Dollar Rebounds as Trade Tension Worries Ease
The dollar held steady Tuesday as growing hopes for a potential meeting between President Trump and his Chinese counterpart boosted expectations that...