Economics

How fiscal policy, increased public spending are shaping GCC economic resilience in 2025

Total public spending in GCC countries is projected to reach $542.1 billion in 2025 

Saudi Arabia closes June 2025 issuance of sukuk program at $627.8 million

The sukuk issuance was divided into five tranches, each with different maturities and sizes 

UAE Central Bank boosts gold reserves by 19.3 percent to $7.46 billion in Q1 2025

Demand deposit balances surpassed AED1.147 trillion, up from AED1.109 trillion in December 2024 

Crude oil prices surge over 1 percent to above $67 amid Middle East stability

Concerns rise over the Strait of Hormuz, through which nearly a fifth of global oil flows

Non-oil activities in Saudi Arabia surge by 5.3 percent in 2024, reports GASTAT

Non-oil growth indicates positive trends across various economic sectors in Saudi Arabia for 2024

Crude oil prices plunge 3 percent to $68.75 as tensions ease in the Middle East

Investors expect a return to normalcy in oil if the ceasefire terms are upheld

Dubai 24-carat gold price today dips to two-week low at AED404 amid easing geopolitical tensions

U.S. Fed Vice Chair Michelle Bowman stated the time for cutting interest rates is approaching

Valu debuts on EGX with $6.6 million dividend distribution from EFG Holding

EFG Holding distributed 20.488 percent of Valu’s capital, enabling direct shareholder participation in growth

Sheikh Mohammed celebrates 25 years of The Executive Office in advancing Dubai’s strategic vision for global leadership

His Highness tours an exhibition highlighting key strategic projects and initiatives of The Executive Office

Crude oil prices surge to highest levels since January amid Strait of Hormuz closure concerns

Goldman Sachs predicts Brent could peak at $110 if oil flows through the strait are disrupted

Dubai 24-carat gold price today remains above AED405 amid rising dollar, Middle East tensions

Investors shifted to the dollar following U.S. airstrikes, impacting gold and commodity markets