Economy

Gold Prices Soar as Dollar Weakens: An Opportune Time for Investors
Gold Surges as Dollar Weakens Ahead of Critical Fed Chair Speech Gold prices climbed on Tuesday as the U.S. dollar retreated and investors positioned...

Hatta Exports Renewable Energy to Dubai: Powering the Emirate's Sustainable Future
Dubai Launches Middle East's First Major Pumped-Storage Hydroelectric Plant as Clean Energy Race Intensifies Dubai has begun commercial operations at...

UAE's Banking Sector Assets Reach AED 4.87 Trillion in May
UAE Banking Sector Surges as Credit Growth Signals Economic Momentum The UAE's banking sector demonstrated robust expansion in May 2025, with total b...

UAE Ranks 16th Globally in Government Support Index: Insights for Businesses and Investors
UAE Surges 27 Places in Global Government Support Rankings, Signals Economic Policy Transformation The United Arab Emirates has achieved a remarkable...

EVFZA Launches New Free Trade Zone in Panama, Enhancing Regional Commerce
IFZA Expands to Panama, Creating Strategic Bridge Between Latin America and UAE Markets The International Free Zone Authority (IFZA) has officially l...

Emirati Firm Builds Solar Power Plant in Central Africa, Boosting Renewable Energy Access
UAE-Backed Solar Plant Breaks Ground in Central African Republic, Targeting 300,000 Homes Global South Utilities, an Abu Dhabi-based investment arm,...

Emirati Financial Institute Appoints Marwan Al-Muhairbi as New Director General
UAE Financial Institute Taps Banking Veteran to Drive Emiratization Push The Emirates Financial Institute has appointed Marwan Al Muhairi as its new...

Oil Prices Decline: A Shift in the Energy Landscape
Oil Prices Slip in Early Trading as Market Sentiment Wavers Crude oil futures opened Monday's trading session with modest declines, as Brent crude fe...

Gold Bounces Back from 2-Week Low, Signaling Renewed Investor Interest
Gold Rebounds from Two-Week Lows as Treasury Yields Retreat Gold prices recovered on Monday after hitting their lowest levels in two weeks, buoyed by...

Abu Dhabi Securities Exchange Distributes AED 120 Billion in Dividends Over 2 Years
Abu Dhabi Stock Exchange Emerges as Global Dividend Champion with Record $32.7 Billion Payout Abu Dhabi's stock market is positioning itself as a pre...

Dubai Electricity Partners with Microsoft to Drive Digital Transformation and Innovation
Dubai's Power Giant Partners with Microsoft to Build World's First AI-Driven Utility Company Dubai Electricity and Water Authority (DEWA) is making a...

Unlock Investment Opportunities: UAE Chambers Explore Prospects with Mali
UAE and Mali Eye Strategic Partnership as Gulf Capital Seeks New African Frontiers The UAE is positioning itself for deeper economic ties with Mali a...

Abu Dhabi Leads the Way in Upholding Quality Standards and Consumer Protection
Abu Dhabi Strengthens Market Oversight with Massive Quality Control Expansion Abu Dhabi is rapidly positioning itself as a global leader in consumer...

UAE Hosts Africa Investment Summit: Unlocking Tourism Opportunities
UAE Positions Itself as Gateway to Africa's $200 Billion Tourism Market The UAE is making a strategic play for Africa's rapidly expanding tourism sec...

Luxurious Resorts in Zayed's Gem: Abu Dhabi's Highest Tourist Occupancy Rates
Abu Dhabi's Al Dhafra Region Emerges as Tourism Growth Engine with 35% Occupancy Surge Abu Dhabi's Al Dhafra region has become an unexpected star in...

Union Cooperative Records Impressive 6.4% Growth in Half-Yearly Profits at AED 174 Million
Union Coop Strengthens UAE Retail Dominance with 6.4% Profit Growth in H1 2025 Dubai's Union Coop has delivered robust financial performance in the f...

Oman's Ports Witness Robust Container Handling and Vessel Traffic Growth
Oman's Ports Surge 11.7% in Container Traffic as Gulf Trade Routes Shift Oman's strategic ports have emerged as major winners in the evolving Middle...

Overseas Investors Inject $900M into UAE Stocks in a Single Week
Foreign Investors Cushion UAE Stock Market Selloff as Institutions Take Profits International investors stepped up their buying activity in UAE equit...

Abu Dhabi's Real Estate Boom: Villas and Townhouses Lead the Charge
Abu Dhabi's Villa Market Surge: Why High-End Housing Is Driving the Emirate's Property Boom Abu Dhabi's luxury villa and townhouse segment has emerge...

Ukraine Evacuates More Villages as Conflict Intensifies
Ukraine Orders Mass Evacuations as Russian Forces Accelerate Eastern Offensive Ukrainian authorities have issued urgent evacuation orders for thousan...

EFG Holding Reports Robust Q2 2025 Earnings of 6 Billion EGP
EFG Holding Delivers Strong Q2 Growth Despite Rising Credit Risks in Egypt's Evolving Financial Landscape EFG Holding, one of Egypt's largest investm...