Economy

Oil prices rose on Thursday, with Brent crude futures climbing 1.2 percent to US$110.11 per barrel, while US West Texas Intermediate (WTI) crude gained 1 percent to US$98.12 per barrel by 00:34 GMT, according to Reuters. Brent had settled largely unchanged on Wednesday, while WTI had eased 67 cents.

Gold fell more than 1 percent on Thursday. Spot gold slid 1.1 percent to $4,094.90 per ounce by 03:33 GMT, hitting its lowest since 14th October. US gold futures for December ⁠delivery dropped 0.9 percent to $4,111.40. Among other metals, spot silver dropped 2.6 percent to $56.44 per ounce, platinum …

Sharjah National Oil Corporation (SNOC) and Equinor ASA, an international energy company based in Norway, have signed a Memorandum of Understanding (MoU) to explore business opportunities across the downstream energy sector. Under the MoU, the two companies will assess potential cooperation in the storage, infrastructure, logistics, trading, supply and shipping …

The 21st Annual Gulf Insurance Forum will kick off in Dubai on 26th October, bringing together more than 200 CEOs and insurance and reinsurance experts from 25 Arab and foreign countries. The two-day forum, held under the theme “Redefining Insurability: Risk, Capital, and Trust in a Systemic World”, will focus …

Dubai’s Roads and Transport Authority (RTA) will offer 60 distinctive 2-, 3-, 4- and 5-digit vehicle plate numbers at its 121st Open Auction, to be held on 24 October 2026 at the Dubai Hilton Al Habtoor City Hotel. The auction is expected to attract a large turnout of collectors, investors …

The fourth edition of the Forbes Middle East Sustainability Leaders Summit opened today in Abu Dhabi under the theme “Resilience for a Sustainable Future”, under the patronage of the Ministry of Climate Change and Environment. The two-day summit, held at ADNEC Centre Abu Dhabi, brings together leading policymakers, business leaders, …

Kristalina Georgieva, Managing Director of the International Monetary Fund (IMF), has expressed confidence that the UAE will deliver an exceptional hosting experience for the 2029 Annual Meetings of the World Bank Group and IMF in Abu Dhabi, citing the country’s advanced infrastructure, strong economy, commitment to climate, water and social …

The United Arab Emirates has concluded its active participation in the 2026 Annual Meetings of the International Monetary Fund (IMF) and the World Bank Group (WBG), held in Bangkok, Thailand, from 12 to 18 October, with Mohamed bin Hadi Al Hussaini, Minister of State for Financial Affairs, leading the Ministry …

The 6G Summit in the AI Era, the first of its kind in the Middle East and North Africa, will kick off tomorrow in Abu Dhabi. Organised by the Telecommunications and Digital Government Regulatory Authority (TDRA), the two-day summit will bring together leading representatives of regulatory authorities, the technology sector, …

Dubai World Trade Centre (DWTC) is strengthening its position as a key driver of Dubai’s events economy, moving beyond its traditional role as an exhibition and conference venue towards an integrated economic platform aimed at increasing the sector’s annual economic output to AED54 billion by 2033. The transformation is supported …