News
CBUAE highlights 5. 6 percent GDP growth, $1. 5 trillion banking assets in 2025
3+ hour, 36+ min ago (441+ words) The Central Bank of the United Arab Emirates (CBUAE) released its 2025 annual report today, spotlighting key accomplishments and strategic efforts that bolstered national economic expansion and fortified the strength of the financial, banking, and insurance industries, aligning with the UAE's…...
Kuwait Airways to resume flights to two routes via Saudi Arabia's Dammam Airport, expanding network to 13 international destinations
6+ hour, 47+ min ago (152+ words) Kuwait Airways has announced the resumption of its commercial flights to and from Chennai, India, and Paris, France, via Dammam Airport in Saudi Arabia in the coming days. This forms part of a series of recently launched destinations, driven by…...
UAE, Bahrain central banks establish $5. 4 billion currency swap agreement
6+ hour, 12+ min ago (233+ words) Economy Middle East UAE, Bahrain central banks establish $5. 4 billion currency swap agreement The central banks of United Arab Emirates and Bahrain announced the establishment of a currency swap agreement between the UAE dirham (AED) and the Bahraini dinar (BHD), signed…...
Middle East economic growth to slow to 1. 8 percent in 2026, says World Bank
10+ hour, 14+ min ago (581+ words) Economic growth in the Middle East, North Africa, Afghanistan and Pakistan (MENAAP) region is expected to slow from 4. 0 percent in 2025 to 1. 8 percent in 2026, according to the World Bank's latest Regional Economic Updates. This forecast stands 2. 4 percentage points below the World…...
Stock market today: Japan's Nikkei slips, Wall Street futures ease as oil prices rise on renewed Mideast concerns
12+ hour, 19+ min ago (460+ words) Asian stock markets declined on Thursday as early signs of strain emerged in the fragile U. S-Iran ceasefire, pushing oil prices higher again and reinforcing investor concerns that the inflationary effects could persist. There was little indication that the Strait of…...
Dubai real estate demand remains stable as core communities continue to attract strong interest
1+ day, 2+ hour ago (620+ words) Moments of uncertainty are often expected to slow decision-making. But in Dubai's real estate market, search patterns from early March on Bayut suggest something more layered. Instead of stepping away, many property seekers appear to be leaning in, not impulsively,…...
Dubai Chamber of Commerce, Emirates NBD hold dialogue with private sector to support financial resilience
1+ day, 3+ hour ago (386+ words) Dubai Chamber of Commerce organized on Wednesday an interactive open dialogue in collaboration with Emirates NBD, with the participation of 86 representatives from the private sector. The session focused on the business community's most pressing banking needs, while showcasing the bank's…...
Saudi ministers spotlight importance of King Abdullah Port in strengthening connectivity with Gulf states
1+ day, 6+ hour ago (374+ words) Saudi Arabia's Minister of Transport and Logistic Services Saleh Al-Jasser and Minister of Investment Fahad Al-Saif inspected King Abdullah Port in Rabigh Governorate as part of ongoing efforts to monitor the development of the logistics sector and ensure the smooth…...
U. S. dollar falls as investor risk appetite returns following Iran ceasefire
1+ day, 7+ hour ago (322+ words) The U. S. dollar fell to its weakest level in a month against a basket of major currencies after the United States and Iran reached a two-week ceasefire agreement. The U. S. dollar index, which tracks the greenback against a basket of major currencies…...
Stock market today: Nikkei 225 rallies, Nasdaq steadies as investors react to U. S. -Iran ceasefire; European benchmarks lag
1+ day, 10+ hour ago (404+ words) Economy Middle East Stock market today: Nikkei 225 rallies, Nasdaq steadies as investors react to U. S. -Iran ceasefire; European benchmarks lag Global stock markets showed mixed performance on Wednesday as investors responded to a U. S. -Iran ceasefire. Equity indexes in Asia, Europe, and…...