New symbol revealed for UAE dirham in physical, digital forms
Central Bank of the UAE introduces new currency symbol and digital version to enhance global competitiveness and financial innovation
Most Gulf markets rebound amid US tariff news
Most stock markets in the Gulf ended higher on Thursday, reversing early losses, as investors assess the impact of U.S. President Donald...
UK slashes growth forecast, cuts public spending
LONDON: The UK government halved its 2025 growth forecast on Wednesday as it made billions of pounds of spendings cuts to shore...
New Delhi aims to secure $93.34 billion via bond sales
This borrowing plan is below market expectations of 56%-59% of the $172.89 billion full-year target
New U.S. tariffs keep oil prices near one-month highs
Brent crude futures dip slightly by 14 cents to $73.65 per barrel, while U.S. West Texas Intermediate crude futures fall 11 cents to $69.54
Bill Gates predicts AI will replace humans in most jobs within a decade
Over the next decade, AI will make great medical advice and tutoring free and widely available, says Bill Gates
Amazon, Flipkart warehouses raided as Indian regulators tighten oversight
This follows similar inspections in Tamil Nadu earlier this month, where the agency found uncertified goods being stored and sold
Trump considers tariff cuts to secure TikTok sale deal
ByteDance faces an April 5 deadline to divest TikTok’s U.S. operations or risk a ban under a 2024 law citing national security concerns
Trump expands trade war with 25% tariff on foreign-made vehicles
The tariffs extend to key automotive parts, imposing duties on engines, transmissions, powertrain components, and electrical systems
X set for first advertising revenue growth since Musk’s acquisition
In 2025, X's U.S. advertising revenue is projected to grow 17.5% to $1.31 billion, while global ad sales are expected to rise 16.5% to $2.26 billion
Cybercriminals shift focus to mobile banking and crypto in 2024
Mobile banking Trojan cases rise 3.6 times, while crypto phishing spikes 83.4% from 2023, Kaspersky’s Financial Cyberthreats report
Oil prices rise on U.S. Venezuela tariff threat
Brent crude futures climb 49 cents to $73.51 per barrel, while U.S. West Texas Intermediate crude increases by 48 cents to $69.48
U.S. dollar edges higher on economic uncertainty
The dollar index stays up 0.05% at 104.28 but remains on track for a 4% drop for the quarter after a strong rally from September to January
Tesla to begin sales in Saudi Arabia next month
Tesla enters the Saudi market as it faces declining sales in Europe and activist protests in the United States
BYD aims to sell 800,000 cars abroad this year, doubling 2024 figures
BYD plans to maintain cost advantages by sourcing key components from China while assembling vehicles in local markets