Economy

Credit rating agency Moody’s has affirmed Belgium’s A1 rating, avoiding a further downgrade as the federal government prepares for negotiations on its 2027 budget, aiming to achieve savings of more than €10 billion. Moody’s expects Belgium’s economy to grow by 0.7 percent in 2026, rising to 1.0 and 1.1 percent …

The Annual Meeting of Global Future Leaders 2026 kicks off next Tuesday, organised by the UAE Government and the World Economic Forum (WEF), in cooperation with Dubai future foundation, from 13 to 15 October. The three-day meeting will bring together more than 700 global leaders and experts from government, business, …

Oil prices fell on Friday, with Brent crude futures dropping US$0.72, or 0.7 percent, to US$103.53 per barrel (pb) by 0220 GMT. US West Texas Intermediate (WTI) crude futures fell US$0.52, or 0.6 percent, to US$90.97 pb. Despite the decline, Brent was on track for a weekly gain after settling …

Oil prices rose in early Asian trading on Thursday, with Brent crude futures rising US$1.33, or 1.33 percent, to US$101.53 per barrel (pb). US West Texas Intermediate (WTI) crude futures gained $1.11, or 1.26 percent, to $89.39 pb. Prices settled lower on Wednesday after the International Energy Agency (IEA) agreed …

The UAE has consolidated its position as a major international investor, building a broad and diversified portfolio spanning six continents and strategic sectors including energy, infrastructure, ports and logistics, technology, artificial intelligence, industry, real estate, financial services and healthcare. According to the latest data from UN Trade and Development (UNCTAD), …

Dr. Thani bin Ahmed Al Zeyoudi, Minister of Foreign Trade, met with Corina Calugaru, State Secretary at the Ministry of Foreign Affairs of the Republic of Moldova, to discuss ways to strengthen bilateral relations and expand cooperation between the UAE and Moldova in areas of mutual interest. The meeting, held …

The UAE Government, in collaboration with the World Bank Group, launched the first cohort of the “Government Experience Exchange Programme for Zero Government Bureaucracy”, aimed at building government capabilities in a number of African countries, including the Republic of Benin, the Republic of Djibouti and the Republic of Rwanda. The …

Oil prices rose on Monday, with Brent crude futures gaining 81 cents, or 0.79 percent, to $103.06 a barrel by 2202 GMT. US West Texas Intermediate (WTI) crude futures also climbed 46 cents, or 0.50 percent, to $91.57 a barrel. Prices were supported by renewed concerns over potential disruptions to …

The Ministry of Finance on Friday announced the official listing and commencement of secondary-market trading for its second five-year Sovereign Retail T-Sukuk on Nasdaq Dubai, following the successful completion of subscription, allocation, and settlement. Building on the success of the inaugural tranche, this offering marks another important step in the …

The US dollar headed for its third straight week of gains on Friday, perched at a 17-month high. The dollar index, which measures the US currency against six rivals, was at 102.08, set for a 1 percent gain this week, its third consecutive weekly gain, a run it last had …