Economy

Economy

Breaking business updates and trade deals, sector insights, personal finance, and global economic trends.

 

Economy

Gold slips after hitting two-week high

Gold prices eased on Tuesday, trading below a ‌two-week high, with investors awaiting the US Federal Reserve's June meeting minutes...

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Economy

ADNEC Group contributes record AED9.2bn+ to UAE economy in 2025

ADNEC Group, a Modon company, contributed over AED9.2 billion to the UAE economy in 2025, marking its highest economic impact to date and an 8 per cent increase from 2024, reinforcing its global leadership across.

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Energy

Zayed Higher Organisation for People of Determination highlights family’s role in rehabilitation, empowerment

The organisation made the remarks during the "Because They Deserve the Best" forum, organised by its Agricultural and Vocational Rehabilitation...

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Economy

Gold holds near two-week high

Spot gold was steady at $4,174.66 per ounce, as of 02:52 GMT, after hitting its highest since 22nd June 22...

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Economy

Gold rises 1%, heads for first weekly gain in five weeks

Gold rose more than 1 percent on Friday and ‌was set for its first weekly gain in five, as investors...

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Finance

PureHealth’s Daman receives Moody’s A1 Insurance Financial Strength Rating

PureHealth has announced that its insurance arm, The National Insurance Company - Daman, has been assigned an A1 Insurance Financial...

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Energy

Ministry of Foreign Affairs mobilises global efforts to accelerate actionable water solutions during London Climate Action Week

The Ministry of Foreign Affairs placed water at the forefront of its priorities at this year’s London Climate Action Week...

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Economy

Gold extends gains on lower oil prices

Gold prices extended gains on Thursday, benefiting from lower oil prices. Spot gold rose 0.8 percent to $4,063.56 per ounce...

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Economy

Euro area annual inflation down to 2.8%

Euro area annual inflation is expected to be 2.8% in June 2026, down from 3.2% in May, according to a...

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Finance

Perk opens Middle East office in ADGM

Perk (formerly TravelPerk), the intelligent AI-native platform for travel and sp

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Economy

‘Maritime Hub’ launches ‘Abu Dhabi’s Compass for Maritime Businesses’ to boost global investment

Maritime Hub Abu Dhabi -- a platform for collaboration across the emirate's growing maritime sector, operated by Abu Dhabi Maritime...

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Economy

Korea’s monthly exports hit US$100 billion for 1st time in June

The Republic of Korea's monthly exports hit a fresh high by surpassing the US$100 billion mark for the first time...

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Economy

Gold prices hit seven-month low

Gold prices fell on ‌Wednesday after hitting a seven-month low in the previous session, pressured by higher Treasury yields and...

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Finance

Korea’s overseas direct investment up 36% in Q1

The Republic of Korea's overseas direct investment shot up 36 percent in the first quarter of 2026 from a year...

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Economy

Gold faces biggest monthly drop since late 2008

Gold prices fell more than 1 percent on Tuesday and were set for their biggest monthly decline since October 2008...

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Finance

Khalifa Fund launches specialised national programme to support, accelerate cybersecurity startups

The announcement was made during an event hosted at MZN Hub Al Ain, attended by Dr. Mohamed Al Kuwaiti, Head...

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Finance

ADFD deploys AED562 million in strategic investments supporting key sectors across emerging markets in 2025

Aligned with ADFD’s 2030 Strategy, which prioritises maximising developmental impact in communities worldwide, these investments span high-impact projects across India...

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Finance

ADIB wins two awards at GBM Middle East Awards 2026

In addition to the institutional awards, ADIB was recognised for its leading role across several landmark, award-winning transactions, including: “Debut...

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Energy

ADNOC deploys industry-first heavy-duty robot to strengthen safety, reliability and performance

ADNOC has successfully deployed Taurob’s heavy-duty inspector robot at its Taweelah Gas Compression Plant, where it will conduct routine inspections...

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Energy

Emirates Water and Electricity Company announces partners to develop Taweelah C Independent Power Producer project in Abu Dhabi

Emirates Water and Electricity Company (EWEC) has announced the award of the Taweelah C Independent Power Producer (IPP) project, in...

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