Economy

Gold prices held steady near their lowest levels in a week on Friday. Spot gold was trading at around $4,318.88 per ounce by 00:20 GMT, after earlier hitting its lowest point since September 2nd. Prices had fallen by about 2% on Thursday, while U.S. gold futures for December delivery declined …

Oil prices rose on Friday and both major benchmarks are on track to end the week above $100 a barrel for the ‌first time since mid-May. Brent crude futures rose 81 cents, or 0.8 percent, to $108.44 a barrel by 03:45 GMT. US West Texas Intermediate crude rose 69 cents, …

The European Central Bank Thursday raised interest rates by 25 basis points to 2.5%, indicating that inflation will remain well above its 2% target for an extended period. The bank explained that tension in the region increases uncertainty, warning of upside risks to inflation and downside risks to economic growth. …

Gold and silver prices have entered a choppy stabilization phase, while other precious metals like platinum show relative strength amid shifting Federal Reserve rate expectations and resilient US economic data. Spot gold was largely unchanged at $4,396.69 per ounce, while US gold futures for December delivery fell 0.4% to $4,440.80. …

Oil prices held firm on Thursday after Brent crude breached $100 a barrel, with traders remained concerned about further supply disruptions. Brent crude futures inched lower by 0.1 percent to $101.10 a barrel by 02:56 GMT. US West Texas Intermediate crude was at $96.24 a barrel, up 0.2 percent.

The Ministry of Finance has announced the issuance of Cabinet Decision No. (149) of 2026 amending certain provisions of the Executive Regulation of the Federal Decree-Law No. 8 of 2017 on Value Added Tax (VAT), as part of its ongoing efforts to further develop the UAE’s tax system to enhance …

CCI France UAE will convene the second edition of Voices of AI: The UAE–France Business Forum on September 22nd, 2026 at Sorbonne University Abu Dhabi.  Jointly organised with knowledge partner Sorbonne University Abu Dhabi and in collaboration with key ecosystem stakeholders including Abu Dhabi Chamber of Commerce and Industry (ADCCI), …

Tawazun Council for Defence Enablement (Tawazun) is reinforcing its role as a strategic enabler within the global defence, aviation and space ecosystem through its official representation at the second edition of El Alamein International Airshow 2026, hosted by the Arab Republic of Egypt at Alamein International Airport from 8th to …

The Abu Dhabi Quality and Conformity Council (QCC), in partnership with Union Assessment and Quality Accreditation (UAC), has launched the Gulf region’s first Digital Skills Card, providing a secure, digitally verifiable record of professional skills and qualifications. The initiative advances the adoption of blockchain-verifiable workforce credentials in the GCC and …

Gold prices nudged lower on Monday. Spot gold was down 0.5 percent at $4,405.47 per ounce, as of 02:11 GMT, after falling 1 percent on Friday. US gold futures for December delivery were down 0.5 percent at $4,452.20. Among other metals, spot silver eased 0.2 percent at $66.03 per ounce, …