GCC countries scored 66.9 in the 2026 Economic Freedom Index, beating the global 59.9 average as the UAE, Qatar and Oman led the bloc overall.
UAE and French foreign ministers met in Abu Dhabi to review bilateral ties and regional developments as Gulf security concerns stay elevated.
CBUAE kept the UAE base rate at 3.65% after the Federal Reserve held rates steady, leaving the overnight liquidity framework unchanged.
South Korea major retailers posted a 5.6% March sales gain, with online channels taking a bigger share of consumer spending in the country.
Business
Automotive
Mercedes-Benz unveiled the electric C-Class in Seoul, bringing its first battery-powered C-Class sedan with up to 762 km of WLTP range.
MENA Newswire, ATLANTA: Mercedes-Benz USA has unveiled the 2027 S-Class Sedan as a major update to its flagship luxury sedan, adding new lighting signatures, a revised cabin technology stack and expanded personalization choices. The automaker said the model introduces an illuminated front grille with three-dimensional chrome star accents,…
Lifestyle
Fresha, a leading global booking platform for lifestyle services, announced today that it has secured a $31 million investment from JP Morgan to enhance its machine learning and AI-driven robotics capabilities. This financial backing will enable Fresha to innovate further within its…
Adidas Originals and Highsnobiety, a prominent platform in fashion, design, and culture, have announced the launch of their limited-edition HIGHArt Campus sneaker. This collaboration represents a fusion of art and style, as Highsnobiety’s HIGHArt, an online showcase of products and stories, inspires…
Luxury
MENA Newswire News Desk: The personal luxury goods market, long seen as resilient against economic uncertainty, is witnessing a significant contraction for the first time since the Great Recession. According to Bain & Company’s annual luxury report, global sales are projected to decline by 2% this year, driven by…
Rolex introduces the latest addition to its esteemed collection with the unveiling of the new Oyster Perpetual Rolex Deepsea model. Breaking tradition, this iteration marks the first-ever presentation of the divers’ watch in 18 ct yellow gold. Sporting a distinctive 60-minute graduated Cerachrom bezel insert in blue…