The recent surge in gold prices in Dubai has caused concern among investors and gold enthusiasts alike. The hike can be attributed to a variety of factors, including global economic uncertainty and geopolitical tensions in the Middle East.
Saudi Arabia’s industrial production rose 6% in February, largely driven by higher Mining and an increase in production from the non-metallic mineral products and food and beverages industries.
Led by the Saudi Finance Minister, the delegation aims to discuss key issues such as economic recovery from COVID-19, economic reforms, climate change, and debt sustainability.
The “Made in Saudi” program is helping to promote local industries within the country while also strengthening economic ties with its neighbor, Iraq.
The latest Purchasing Managers’ Index (PMI) data suggests that Dubai’s non-oil private sector and S&P Global is recovering from the impact of the pandemic.
The partnership between Mashreq and ADX is a significant milestone for the UAE’s financial services sector, as it represents an opportunity to further develop the country’s financial ecosystem and attract more foreign investment.
The UAE and Saudi Arabia are set to lead the Middle East’s growth in AI spending, with the highest rate in the world.
Gold prices in Dubai experienced a sharp drop on Monday, April 10th, leaving many investors concerned about the future of the precious metal.
Through its policy advocacy efforts, the Social Development Bank has been able to ensure that SMEs are treated fairly and are provided with the same opportunities as larger businesses.
In addition, the successful issuance of these instruments will provide UAB with financial resources to increase its lending capacity, which can help spur economic activity in the UAE.