What You Need to Know: Why Gold Prices Are Falling Today
Gold slid to $4,572.52 per ounce today, down 2.60% over the past 24 hours, after touching a session high of $4,712.23
Saudi PIF expands global football footprint through FIFA World Cup 2026 partnership
The agreement builds on the existing partnership between PIF and FIFA during the FIFA Club World Cup 2025 and incorporates PIF-owned companies
Presight expands UAE sovereign AI infrastructure footprint into Europe through Montenegro partnership
The agreement aims to build an integrated “Smart Nation” platform capable of unifying real-time data from traffic systems, public safety...
Sharjah attracts AED 7.74 billion in FDI as project growth accelerates across manufacturing and consumer sectors
The emirate recorded a 45% year-on-year increase in foreign direct investment project numbers, reaching 142 projects in 2025 compared with 98 projects
Emirates expands aircraft engine repair capabilities through GE Aerospace partnership as Dubai deepens aviation industrial push
The agreement focuses on developing comprehensive piece-part repair capabilities for GE90 and GP7200 engines, which power Emirates’ Boeing 777 fleet
UAE bank credit jumps as government-linked deposits drive liquidity growth in March
According to the Central Bank of the UAE, gross bank assets increased 1.5% month-on-month to AED 5.56 trillion at the end of March
Saudi Arabia inflation eases to 1.7% in April as housing pressures soften despite higher transport and food costs
Restaurant and accommodation inflation slowed sharply to 1.0% from 2.2% in March
China’s fuel demand slowdown deepens as high oil prices accelerate EV transition and refinery pressure
China’s gasoline consumption decline 5.5% this year, marking the second-largest contraction on record after the collapse triggered by Covid lockdown
Gulf sovereign capital shifts toward strategic infrastructure control through $30 billion Abu Dhabi-led partnership
The partnership will target investments across energy, transportation, logistics, digital infrastructure, water and waste management
ADNOC Logistics & Services approves Q1 2026 dividend as Abu Dhabi maritime energy demand supports cash-flow visibility
The company stated that its board approved the first-quarter 2026 financial statements alongside the cash distribution plan
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