News
Gold prices rise 0. 2 percent to $4, 315 as U. S. -Iran peace agreement keeps markets on edge
4+ hour, 51+ min ago (568+ words) Gold prices were largely steady on Tuesday after climbing to a more than one-week high in the previous session, as investors paused to assess the implications of a preliminary U. S. -Iran peace agreement and awaited further details about what could become…...
Why the global economy has not broadly slowed despite Middle East conflict, energy shocks
1+ hour, 10+ min ago (944+ words) The global economy is proving more resilient than many feared in the face of one of the most significant geopolitical shocks in recent years. Despite more than three months of conflict in the Middle East, there are no clear signs…...
ECI CEO highlights UAE trade resilience as export finance model evolves amid global shifts
4+ day, 20+ min ago (642+ words) Economy Middle East ECI CEO highlights UAE trade resilience as export finance model evolves amid global shifts The UAE is strengthening its position as a key player in an increasingly fragmented global trade environment, with export finance emerging as a…...
T'rkiye central bank keeps interest rate at 37 percent for third straight meeting as inflation pressures persist
4+ day, 20+ hour ago (480+ words) Economy Middle East T'rkiye central bank keeps interest rate at 37 percent for third straight meeting as inflation pressures persist T'rkiye's central bank kept its key interest rate unchanged at 37 percent on Thursday, marking the third consecutive policy meeting in which…...
ECB hikes interest rates to 2. 25 percent for first time since September 2023 amid rising inflation risks
4+ day, 22+ hour ago (512+ words) Economy Middle East ECB hikes interest rates to 2. 25 percent for first time since September 2023 amid rising inflation risks The European Central Bank (ECB) announced a quarter-point interest rate increase on Thursday, lifting its key rate to 2. 25 percent as the ongoing…...
UAE's retirement system reforms could unlock long-term economic potential
5+ day, 1+ hour ago (435+ words) The Middle East is at a critical juncture in retirement planning, with high levels of current financial confidence masking gaps in long-term retirement preparedness. A new report by Black Rock points to a significant opportunity for the region to enhance…...
Gold prices rebound from six-month low to $4, 079. 88 as investors eye key U. S. inflation report
5+ day, 6+ hour ago (492+ words) Gold prices rebounded from a six-month low on Thursday as markets balanced rising geopolitical tensions in the Middle East against growing expectations that the U. S. Federal Reserve may raise interest rates later this year. Spot gold advanced to $4, 107. 57 an ounce before…...
UAE industrial sector's contribution to GDP rises 70 percent since 2021, says Mo IAT Undersecretary
6+ day, 5+ hour ago (331+ words) The UAE industrial sector continues to achieve remarkable and impactful growth, with its contribution to the country's gross domestic product (GDP) increasing by approximately 70 percent since 2021. According to Hassan Al Nowais, Undersecretary of the Ministry of Industry and Advanced Technology…...
Egypt's annual urban inflation rate slows to 14. 6 percent in May 2026
6+ day, 4+ hour ago (288+ words) Economy Middle East Egypt's annual urban inflation rate slows to 14. 6 percent in May 2026 Egypt's annual urban inflation rate slowed to 14. 6 percent in May 2026, compared to 14. 9 percent in April, according to the announcement made by the Central Agency for Public Mobilization…...
Gold prices fall to $4, 173. 55 on stronger dollar as U. S. -Iran tensions persist
6+ day, 6+ hour ago (569+ words) Gold prices slid to their lowest level in 11 weeks on Wednesday as a stronger dollar and higher oil prices, driven by renewed tensions between the United States and Iran, raised concerns about inflation and the likelihood of interest rate hikes....