Gold prices moved higher as declining crude oil prices eased inflation worries and spurred hopes of a pause in US Federal Reserve interest rate hikes. In the UAE, retail gold prices held firm with 24-karat trading at Dh505.50, while China's central bank accelerated gold purchases alongside inflows into gold-backed ETFs.
A report from Microsoft's Institute for AI Economy shows that the UAE leads global generative AI adoption with a 73.3% usage rate among its working-age population in Q2 2026. Singapore ranked second at 64.3%, while the worldwide average stood at 18.8%. The rankings measure adoption among working-age adults rather than investment volume or company counts.
The United States has revoked presidential determinations dating back to 1985 that restricted flights between the US and Lebanon. US President Donald Trump signed the order, directing transportation authorities to remove regulatory bans immediately. Lebanese officials welcomed the decision, though direct commercial flights will not resume right away.
Sheikh Mohammed bin Rashid Al Maktoum stated that institutional trust is the primary driver of future economic resilience, surpassing technology and natural resources. He stressed that stable laws and consistent delivery create the credibility required to attract international investors and technology talent. The report noted that the UAE led the Edelman Trust Barometer in 2026, while global government trust averaged 53 percent.
Policy updates, China–UAE business news and industry insights, delivered to your inbox.
Membership
Tell us about your experience and connection to UAE–China business. UECN assesses your application and offers the right membership category — fees are shared privately with your offer.
We send you a one-time sign-in link — your answers are saved as you go.
