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.
Foreign residents in the UAE require a minimum monthly salary of Dh3,000 with employer-provided housing or Dh4,000 without it to sponsor a spouse and eligible children, according to federal guidance. In Dubai, sponsoring parents requires a higher monthly income threshold of Dh10,000 alongside suitable accommodation and supporting documents. Requirements may vary by emirate, and residents are advised to verify regulations with federal and local immigration authorities.
The Department of Culture and Tourism – Abu Dhabi and Experience Abu Dhabi have officially launched the emirate's upcoming events season, featuring more than 40 spectacles running through early 2027. The lineup spans major international sports, arts exhibitions, festivals, and live music performances. Key highlights include the Formula 1 Etihad Airways Abu Dhabi Grand Prix, the inaugural Frieze Abu Dhabi, and the opening of Guggenheim Abu Dhabi.
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