Economy

J.P. Morgan Private Bank today announced its new branch in the Dubai International Financial Centre (DIFC), the leading global financial centre in the Middle East, Africa and South Asia (MEASA) region, deepening its commitment to clients in the UAE and across the Middle East. Regulated by the Dubai Financial Services …

Oil prices slipped more than 1 percent in early Asian trade on Monday. Brent crude futures fell US$1.59, or 1.4 percent, to US$111.84 a barrel by 00:11 GMT while US West Texas Intermediate crude was at US$102.56 a barrel, down US$1.56, or 1.5 percent.

Economic losses from coastal erosion exceed €1 billion per year across 28 European countries and could escalate to €800 billion annually by the end of the century if effective action is not taken. A new report urges Europe to prepare to relocate homes, businesses and infrastructure from coastlines before it …

Egypt has signed a $1 billion financing agreement with the World Bank for the second phase of its Development Policy Financing (DPF) programme, which supports structural reforms aimed at improving the business environment, strengthening economic resilience, and accelerating the country’s green transition. Egyptian Foreign Minister Badr Abdelatty, also Egypt’s governor …

The Republic of Korea’s exports jumped 93.7 percent to a record US$115.3 billion in October from a year earlier, driven largely by a sharp increase in semiconductor shipments, data showed Sunday. Strong global demand for semiconductors, coupled with continued investments by major technology companies in artificial intelligence (AI) infrastructure, boosted …

H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Deputy Prime Minister, Minister of Defence, and Chairman of The Executive Council of Dubai, congratulated Ziina on winning the Dubai-it Award for Companies in the Field of Business. The award recognises its success in developing a financial …

2PointZero Group on Friday announced its financial results for the nine months ended 30th September 2026, reporting revenue of AED33.7 billion and delivering a group net profit of AED9.5 billion. This performance is reflected in the Group’s adjusted EBITDA, which reached AED7.5 billion after excluding fair value changes and one-offs. …

Oil prices rose on Friday, heading for a fourth monthly gain. Brent crude futures for December advanced $1.20, or 1.04 percent, to $116.08 per barrel (pb) as of 0323 GMT. The more-active January contract gained $1.39 to $112.19. US ​West Texas Intermediate (WTI) crude futures climbed $1.37, or 1.34 percent, …

Gold slipped on Friday as higher oil prices spurred inflation concerns and robust US inflation data strengthened the case for another Federal Reserve rate hike later this year, according to Reuters. Spot gold ​was down 0.6 percent at $3,997.39 per ounce by 0255 GMT, while US gold ​futures for December …

 Spot gold fell 0.7 percent to US$4,039.26 per ounce on Thursday, pressured by a firmer dollar after the US Federal Reserve left interest rates unchanged. Markets are awaiting the release of US personal consumption expenditures (PCE) inflation data later in the day for clues about the monetary policy outlook, with …