Latest news and articles about Arab economy from NEX English
Gold prices in Dubai have seen a significant decline of 10 dirhams, with the price of 24-carat gold reaching around 220 dirhams. This drop comes at a sensitive time as tensions rise between the United States and Iran, prompting questions about the timing of gold purchases.
Gold prices have significantly dropped in global markets due to the fading of quick solutions to geopolitical crises and rising interest rate expectations from central banks. This decline reflects a state of uncertainty in financial markets.
Data from Lloyd's List Marine Intelligence reveals a significant rise in the percentage of ships crossing the Strait of Hormuz without ties to Iran, reflecting changes in maritime traffic in the region amid ongoing geopolitical tensions.
Gold prices have dropped to their lowest levels in two months due to escalating tensions between the United States and Iran, raising concerns about inflation. This decline comes at a critical time for the global economy, increasing anxiety among investors.
GFH Bank has achieved significant growth in its profits during the first quarter of 2026, with a net profit of $35.11 million, supported by strong performance despite regional challenges.
A Reuters survey revealed that OPEC's production significantly decreased in April, reaching its lowest level since 2000. This decline is attributed to the closure of the Strait of Hormuz, raising concerns in global markets.
Global markets experienced notable divergence today, with oil prices rising above $105 per barrel while gold prices declined. This shift occurs amidst stalled negotiations between the United States and Iran and ongoing tensions in the Strait of Hormuz.
Gold prices in local markets experienced a notable decline today, May 10, 2026, raising concerns among investors and traders in this sector. This drop comes at a sensitive time marked by significant market fluctuations.
Reports indicate that inflation is no longer limited to the United States, as it begins to manifest in several countries worldwide. This phenomenon raises concerns among economists and analysts regarding its impact on global markets.
Russian Deputy Prime Minister Alexander Novak confirmed that the schedules for compensating excess oil production among OPEC+ member states remain unchanged. This reflects the commitment of member countries to agreed-upon strategies amid significant global market fluctuations.
Global financial markets have recently experienced a significant decline, raising concerns among investors about an impending economic recession. This downturn coincides with reports indicating a slowdown in growth across several major economies.
Dr. Khaled Hanafy, Secretary-General of the Arab Chambers Union, announced an economic emergency plan that includes seven initiatives aimed at addressing the repercussions of geopolitical tensions in the region. These initiatives focus on establishing an early warning platform and enhancing supply chains.
Real estate markets in the Arab region are witnessing a notable disparity between purchase and rental prices, raising questions about the future of real estate investment. This balance requires in-depth study to understand the influencing factors.
Maritime sources have reported the closure of the Strait of Hormuz, raising significant fears about the implications for maritime navigation and global trade. The strait is one of the world's most crucial waterways, through which approximately <strong>20%</strong> of the world's oil passes.
Oil prices fell on Thursday, driven by market optimism about the possibility of an agreement to gradually reopen the Strait of Hormuz. This decline reflects the impact of political developments on the oil market.
Many companies in the Arab world are witnessing a significant transformation in talent management, enabling employees to ascend from their basic roles to higher positions. This trend reflects radical changes in work culture and enhances professional growth opportunities.
Recent economic reports have unveiled new figures reflecting current market trends. The data indicates significant changes in economic performance, drawing the attention of observers and investors.
Oil prices have seen a significant decline of over <strong>2%</strong> as traders reassess the impact of geopolitical tensions on the market. This drop comes during a period of substantial volatility in heavy crude oil prices.
Oil prices dropped on Wednesday as hopes for a peace agreement between the United States and Iran resurfaced. Brent crude fell by <strong>6.2%</strong> to <strong>$103.04</strong> per barrel, while West Texas Intermediate saw a <strong>6.4%</strong> decline to <strong>$95.68</strong> per barrel.
The nomination of Kevin Warsh to lead the U.S. Federal Reserve has sparked questions regarding the independence of monetary policy. Warsh emphasized the need for the bank's autonomy while expressing willingness to collaborate with Congress and the current administration on non-monetary issues.
Group '2 Point Zero' announced revenues of <strong>$2.7 billion</strong> in the first quarter of 2026, achieving an extraordinary growth rate of <strong>1823%</strong>. The company also reported a net profit of <strong>2.3 billion dirhams</strong>, equivalent to <strong>$627 million</strong>, reflecting the success of its merger with 'Ghida Holding'.
Global oil markets have witnessed significant fluctuations recently, with West Texas Intermediate (WTI) crude prices dropping to <strong>$101</strong> per barrel. Meanwhile, the Merjan crude has seen a substantial decline of <strong>4%</strong>, while other oil types recorded notable increases.
The luxury real estate market in the Arab world is experiencing significant growth, with a marked increase in demand for this category of properties. This trend reflects the economic and social changes occurring in the region.
Seven OPEC countries experienced a significant rise in oil production in June 2023, reflecting new trends in the global oil market. This increase comes amid ongoing economic challenges faced by producing nations.
OPEC+ has reportedly reached a preliminary agreement to increase oil production quotas slightly, excluding the UAE. This decision comes at a sensitive time marked by significant fluctuations in the global market.
Attention is turning towards gold investment in May 2026, as the sector reveals crucial information regarding the market's future. Predictions indicate significant changes that may impact investors.
The United Arab Emirates has announced its decision to withdraw from the Organization of the Petroleum Exporting Countries (OPEC), marking a significant shift in global oil market dynamics. This decision stems from internal tensions among member states and the UAE's desire to increase its oil exports.
Mahmoud Mohi El-Din emphasizes that projects executed outside the budget should not be celebrated despite their rapid implementation, as they impose significant costs on the economy. His remarks come amid rising discussions on the importance of financial balance.
The real estate sector in the Arab world has experienced notable transformations recently, with increased investment opportunities driven by rising demand for residential and commercial projects. These developments reflect a market recovery and bolster economic growth.
A recent report unveils new market data reflecting current economic trends. The figures indicate notable changes in economic performance, necessitating in-depth analysis to understand potential impacts.