UAE hiring rebound gains momentum as talent flows recover, report says
The the UAE Economic Graph Report 2026 by LinkedIn and the Ministry of Foreign Trade says real estate led hiring...
Economy
UAE non-oil trade reaches record $527 billion in H1, says Al Zeyoudi
The milestone reflected the success of the UAE's strategy to build a diversified, competitive and open economy while strengthening its...
Economy
Economy
Bitcoin hits record high above $124,000 before retreating
Tokyo, Japan - Bitcoin hit a record high on Thursday during early Asian trading, surpassing $124,000, driven by favourable US...
- US stocks ended higher Wednesday, with the S&P 500 index and the tech-heavy Nasdaq reaching new heights this week, contributing to the cryptocurrency's rise
- Bitcoin's value has recently soared, fuelled by US regulatory changes under US President Donald Trump, a strong backer of the crypto sector
Economy
Plastic pollution treaty talks in disarray as dozens of countries reject draft text
Geneva, Switzerland - Attempts to finalise a landmark treaty combating plastic pollution descended into disarray on the penultimate day on...
- With some 30 hours left to seal a deal among the 184 countries gathered at the United Nations in Geneva, states lined up to slam the text proposed by Luis Vayas Valdivieso
- Five previous rounds over the past two and a half years failed to seal an agreement, including a supposedly final round in South Korea late last year
Economy
Most markets rise as China-US tariff truce extended, US inflation data in focus
In an executive order, the White House reiterated its position that there are "large and persistent annual US goods trade...
- Donald Trump's widely expected trade announcement avoids the reimposition of sky-high levies and allows officials from Washington and Beijing to continue talking into November
- the White House reiterated its position that there are "large and persistent annual US goods trade deficits" and they "constitute an unusual and extraordinary threat."
Economy
Trump says to move homeless people ‘far’ from Washington
President Donald Trump said Sunday that homeless people must be moved "far" from Washington, after days of musing about taking...
- The Republican billionaire has announced a press conference for Monday in which he is expected to reveal his plans for Washington
- "I'm going to make our Capital safer and more beautiful than it ever was before," the president posted on his Truth Social platform Sunday
Economy
Gold futures hit record on US tariff shock; mixed day for stocks
Gold futures hit a record high Friday following reports of an unexpected tariff on the precious metal as global stocks...
- Wall Street enjoyed a sunny Friday led by the tech-rich Nasdaq Composite Index, which posted a second straight record
- Investors are growing confident that President Donald Trump's constantly-changing US trade policy won't derail the surge in investment around artificial intelligence
Business
OpenAI releases ChatGPT-5 as AI race accelerates
San Francisco, United States -- OpenAI released a keenly awaited new generation of its hallmark ChatGPTÂ on Thursday, touting "significant" advancements...
- ChatGPT-5 is rolling out free to all users of the AI tool, which is used by nearly 700 million people weekly, OpenAI said in a briefing with journalists.
- Co-founder and chief executive Sam Altman touted this latest iteration as "clearly a model that is generally intelligent."
Economy
Average US tariffs now highest since 1910s: WTO and IMF
The figure, calculated by the two organizations, stands in contrast with the 2.4 percent rate in force at the time...
- A trade "truce" brought down sky-high tariff levels that the United States and China had imposed upon one another, but that is set to expire next week.
- The new figure by the WTO and IMF takes into account the trade deals the US negotiated with the EU, Japan, South Korea and other nations that have now come into force.
Economy
Trump announces 100% chip tariff, pressuring Asian producers
The US president unveiled the levy at the White House on Wednesday ahead of the imposition of sweeping tariffs on...
- shares in Taiwan's TSMC -- world's largest contract maker of chips -- soared nearly 5% after the government said the company will not be affected.
- Trump has previously accused Taiwan of having stolen the US chip industry, and earlier this year, TSMC unveiled a plan to invest an extra $100 billion in the United States.
Economy
Syria inks infrastructure and real-estate deals worth $14 billion
Since the overthrow of longtime ruler Bashar al-Assad in December, Syria's new authorities have worked to attract investment for the...
- The plans include a $4 billion investment project for Damascus airport and $2bn in investment for a Damascus metro, as well as more than $2bn for a mall and two towers development
- Last month, Saudi Arabia signed major investment and partnership deals with Syria, valued at $6.4 billion.
Economy
Trump says to raise tariff on India over Russia oil purchases
President Donald Trump threatened Monday to "substantially" hike US tariffs on goods from India over its purchases of Russian oil...
- Trump's heightened pressure on India comes after he signaled fresh sanctions on Moscow if it did not make progress by Friday towards a peace deal with Kyiv
- Moscow is anticipating talks with the US leader's special envoy Steve Witkoff, who is expected to meet President Vladimir Putin this week
UAE hiring rebound gains momentum as talent flows recover, report says
The the UAE Economic Graph Report 2026 by LinkedIn and the Ministry of Foreign Trade says real estate led hiring...
Economy
Company News
Latest News
Startups need more than funding: they need an ecosystem
Drew Propson, Head of Technology and Innovation in Financial Services at the World Economic Forum, explains how sustainable growth, AI...
Interview
UAE is shifting from attracting talent to unleashing it: Sheraa vice-chairperson
With national campaigns such as The Emirates: The Startup Capital of the World setting targets of training 10,000 Emiratis and...
Interview
Sovereign tech: Building a regional stack, not rival silos
As Gulf states race to build sovereign AI and cloud infrastructure, the real opportunity lies in pooling capital, standards and...
Economy
Most Read
Weaker dollar creates window for international property buyers in Dubai
Dubai faces substantial supply headwinds that may absorb currency-driven demand without triggering significant price gains. Approximately 45,000-50,000 new residential units...
- A 9.88% slide in the US dollar has boosted foreign buying power in Dubai, cutting the sterling cost of a AED 5 million home by nearly £105,000 in a year
- UAE’s 1 USD–3.6725 AED currency peg means the dirham weakens with the dollar, making Dubai property cheaper for overseas investors while staying stable for locals
Economy
Battle of the Tech Hubs
The GCC is competing to build world-class technology hubs, investing heavily in AI, infrastructure, and sovereign capital to drive digital...
- The GCC smart cities and digital transformation market reached $145.5 billion in 2024 and is expected to reach $907 billion by 2032.
- Abu Dhabi’s Mubadala, for instance, was the largest sovereign-owned investor globally in 2024, deploying $29 billion across 52 deals, a 67 percent increase from the previous year.
Economy
‘Innovation takes time—The Gulf’s economic transformation requires patience and persistence’
In an interview with TRENDS, Josh Lerner says Gulf economies pursuing diversification must recognize that transformation takes time, patience, and...
- Innovation reforms take time, strong institutions, and market-aligned policies, Josh Lerner tells TRENDS
- Funding alone is not enough; follow-on capital and a culture that rewards risk are essential, he adds