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June 12, 2026

World Bank Warns Middle East Conflict Could Impact Global Growth

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Economic outlook revised amid energy market uncertainty The World Bank has reduced its global growth forecast for 2026 and warned that prolonged disruption to Middle East energy markets could further slow economic activity. According to the report, continued uncertainty surrounding regional energy exports and trade routes could affect inflation, investment flows, and business confidence worldwide. […]

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UAE Banking Sector Intensifies Competition with High Deposit Rates

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UAE Banks respond to growing digital banking adoption Major UAE banks are continuing to offer attractive savings and fixed-deposit rates as competition from digital banking platforms increases. Several leading financial institutions have introduced promotional rates reaching above 6%, aiming to attract customers and strengthen funding positions. Banking analysts say the UAE financial sector remains among

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Saudi Arabia Strengthens Position as Regional Business Hub

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Saudi Vision 2030 reforms continue attracting investment Saudi Arabia continues attracting businesses and investors as the Kingdom pushes forward with its Vision 2030 transformation strategy. Companies operating across the Gulf region report that Saudi Arabia remains one of the most active markets for expansion opportunities, particularly in technology, tourism, logistics, manufacturing, and artificial intelligence. Economic

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Global Markets Rally as Gulf Peace Hopes Drive Investor Optimism

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Global Oil prices fall to two-month lows Global financial markets rallied sharply after renewed optimism surrounding a potential Gulf diplomatic breakthrough. Oil prices dropped to their lowest levels in two months, easing inflation concerns and improving investor sentiment worldwide. Analysts say a reduction in regional tensions could help stabilize trade routes, lower shipping costs, and

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Dubai’s Emaar Unveils Massive $55 Billion Mega Development

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New urban district to house 150,000 residents Dubai developer Emaar Properties has announced plans for a massive $55 billion mixed-use development project that will accommodate approximately 150,000 residents. The project will include residential towers, luxury villas, office spaces, retail centers, parks, and entertainment facilities spread across 4.5 million square meters. The new district is expected

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