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The initiative featured 15 sessions with 48 speakers, including ministers, officials, and industry experts The Future100 initiative has reaffirmed its dedication to accelerating the growth of SMEs within future economy sectors in the UAE. This endeavor aims to cultivate a holistic investment ecosystem that aligns with technological advancements and enhances opportunities for economic growth. This commitment seeks to instigate a transformative shift in the UAE’s economy, solidifying the nation’s status as a global hub for innovation and entrepreneurship. The initiative held discussion sessions on February 26 and 27 during Investopia 2025 in Abu Dhabi.Notable participants included Alia bint Abdullah Al…
Spot gold fell 0.4 percent to $2,864.94 an ounce, while April futures decreased 0.6 percent to $2,877.80 an ounce Gold prices saw a decline on Friday as the dollar gained ground ahead of a significant U.S. inflation report. Nevertheless, bullion remained poised for slight monthly increases, driven by its reputation as a safe-haven asset amid ongoing U.S. trade tariff concerns.In the UAE, gold rates have experienced a decline, with 24-carat gold dropping by AED3.5 to a new price of AED345. Likewise, 22-carat, 21-carat, and 18-carat gold also saw reductions of AED3.25, AED3, and AED2.75, resulting in new prices of AED321,…
U.S. Treasury prices jumped Friday after a spat between President Donald Trump and Ukrainian President Volodymyr Zelenskyy raised concern over growing geopolitical tensions. The benchmark 10-year yield Treasury yield fell 6 basis points to 4.222%. The 2-year Treasury yield was down more than 8 basis points at 3.995%. One basis point is equal to 0.01%. Yields and prices move in opposite directions.Zelenskyy was in Washington to discuss a possible deal that would give the U.S. access to rare earth minerals in an effort to bring the Ukraine-Russia war to an end. However, during a tense meeting in the Oval Office, Trump told Zelenskyy: “You…
Trump revoked Chevron’s Venezuela license, halting imports and reinstated pressure on Iran’s oil exports Oil prices declined on Friday, heading toward their weakest month since September, as concerns over U.S. trade tariffs and the potential for a Russia-Ukraine peace deal overshadowed worries about supply disruptions. Brent Oil Futures dipped 0.4 percent to $73.30 per barrel as of 21:38 ET (02:38 GMT), while West Texas Intermediate (WTI) crude futures fell 0.4 percent to $69.70 per barrel.Oil prices on track for biggest monthly decline in 6 monthsBoth contracts, which are set to expire in April, are on course to decline more than…
Super 98 petrol will cost AED2.73 per litre, compared to AED2.74 a litre in February The UAE fuel price committee on Friday announced petrol and diesel prices for the month of March 2025.Super 98 petrol will cost AED2.73 per litre, compared to AED2.74 a litre in February, while Special 95 will cost AED2.61 a litre, compared to AED2.63 a litre the previous month. E-Plus category petrol will be available for AED2.54 a litre, compared to AED2.55 a litre in February. Diesel will now cost AED2.77 a litre, compared to AED2.82 a litre the previous month.Since the UAE deregulated petrol prices…
China’s so-called panda bonds – yuan-denominated debt securities issued by offshore companies operating on the mainland – have exceeded Japan’s samurai-bond market in size on the back of favourable regulations and market conditions, marking a milestone in the internationalisation of the Chinese currency.Outstanding panda bonds have reached US$45 billion, exceeding the volume of yen-denominated samurai bonds, but account for just a small fraction of China’s overall bond market, according to a report by the Institute of International Finance (IIF) on Tuesday.“The panda bond is helping the Chinese yuan become a global funding currency, as its yields have been falling rapidly…
More than 100 aircraft expected to be added in flynas fleet over the next five years Flynas announced the successful closure of a Murabaha financing agreement with Bank AlJazira worth SAR495 million ($132 million) to finance the acquisition of three state-of-the-art Airbus A320neo aircraft. This initiative is part of the airline’s efforts to support the Saudi financial sector and enhance its competitiveness by developing sophisticated financial products tailored for aviation.This agreement aligns with Flynas’ strategy to foster stronger collaboration between the aviation industry and local financial institutions, contributing to the creation of advanced financial products that enhance the Saudi financial…
Geography Photos | Universal Images Group | Getty ImagesAnnual negotiations between U.S. companies and the world’s maritime shipping giants are beginning, and this year, there are several key headwinds for the ocean carriers that could help companies claw back logistics costs.After several months of front-loading ahead of tariffs threatened by President Donald Trump across many global trading partners, freight markets “peak season” has subsided and costs are normalizing in the U.S., said Brian Nemeth, global co-leader of AlixPartners’ logistics & transportation practice, with the EU an exception.On Wednesday, Trump said tariffs will be coming on EU imports, of up to…
Listen to this storyYour browser does not support the element.The realisation is sinking in. Europe needs to become able to defend itself without America’s help. From Friedrich Merz, Germany’s probable next chancellor, to Emmanuel Macron, the president of France and longtime advocate of “strategic autonomy”, politicians are calling for higher defence spending. The calls are welcome, indeed long overdue. The problem is that, so far, neither politician has offered much in the way of ideas on where the money for it is supposed to come from.Currently, the EU’s member states spend some €325bn ($340bn) a year on defence, which comes…
Initial filings for unemployment benefits hit their highest level of the year last week in another potential signs of weakness in the labor market.Jobless claims for the week ended Feb. 22 totaled a seasonally adjusted 242,000, up 22,000 from the previous week’s revised level and higher than the Dow Jones estimate for 225,000, according to a Labor Department report Thursday.The level of claims matched the highest since early October 2024 and comes amid questions over broader economic growth and worrying signs in recent consumer sentiment surveys.President Donald Trump has been taking aggressive measures to reduce the federal workforce through Elon…