Economy

Saudi Arabia non-oil sector employment climbs, reflecting continued growth momentum

Saudi Arabia's economy grew 2.7 percent in Q1, driven by non-oil sector activities and diversification

Warren Buffett to step down as CEO of Berkshire Hathaway – Who will lead next?

Buffett’s announcement was met with applause from 40,000 shareholders during the annual meeting 

Dubai World Trade Centre’s top May events: Focus on crypto, tech and e-commerce

Discover key events in interior design, travel, media, and e-commerce this May

Abu Dhabi’s economy to grow 4.2 percent in 2025, 5.8 percent in 2026: IMF

Dubai's economy is projected to expand by 3.3 percent in 2025, increasing to 3.5 percent in 2026

Dubai’s peak day-time population hits 5.13 million in 2024,  to reach 8 million by 2040

By 2040, the city’s peak daytime population is expected to reach eight million

New Russia-North Korea bridge to boost trade and tourism, enhance economic ties

Finalized during Putin's 2024 visit, the bridge project aims to boost cross-border movement

Bank of Japan (BOJ) maintains rates at 0.5 percent, revises growth forecasts for 2025 and 2026

Cautious approach reflects concerns over U.S. tariffs impacting Japan's recovery prospects

IMF cuts MENA 2025 growth forecast to 2.6 percent as global policy uncertainty looms

GCC economies are expected to grow 3 percent in 2025 and 4.1 percent in 2026

UAE celebrates Labor Day, highlights significant progress in enacting labor laws

In 2025, the UAE marked the achievement of 100 percent health insurance coverage for the entire workforce across the labour market

UAE President meets with President Joseph Aoun, affirms support for Lebanon’s development

Earlier today, President Aoun arrived in Abu Dhabi, marking the start of his official visit to the UAE

UAE, Ecuadorian Presidents discuss renewable energy, trade opportunities

Leaders also discussed key sectors including agriculture, and mutual growth opportunities

Saudi banks successfully navigate external debt growth amid market challenges: S&P

The rise in interbank liabilities accounted for 55 percent of Saudi banks' external debt increase

GCC countries contribute over 35 percent of all emerging-market U.S. dollar debt in Q1 2025, Fitch reports

Primary market dollar issuance shows promise despite recent quietness in the GCC region

UAE to waive late registration penalties under Corporate Tax Law

FTA confirmed that necessary procedures will be implemented to refund administrative fines collected from those who meet the specified criteria

Abu Dhabi’s HELM cluster to create 30,000 jobs, fuel $25.6 billion economic growth by 2045

The cluster seeks to generate $11.4 billion in investments by that timeframe

Dubai International Financial Centre (DIFC) posts 35 percent growth with gross written premiums of $3.5 billion in 2024

Surge highlights the center's pivotal role in the insurance sector amid global challenges

Abu Dhabi’s Multiply Group revenues grow 50 percent to $159.27 million in Q1 2025

The group's net profit from operating businesses increased by 26 percent

UAE strengthens BRICS ties: Key areas of cooperation discussed at second Sherpa meeting

During the meeting, members engaged in discussions to draft the Foreign Ministers' Statement

Dubai World Trade Centre (DWTC) generates $6.1 billion in economic output in 2024 from over 2 million attendees

Large-scale events generated AED2.9 billion in sales value, showcasing Dubai's vibrant economy

RAKEZ welcomes 3,676 new companies in Q1 2025, marking 23 percent growth

RAKEZ continues to attract investors, particularly from India, Pakistan, the United Kingdom, Egypt and France

Upcoming $950 million T-bill auction by CBE aims to cover previous dollar tender maturity

CBE allows local and foreign institutions to subscribe to T-bills, starting at a minimum of $100,000 

Strong economic indicators signal 3.4 percent GDP growth for Oman in 2025

Foreign direct investment inflows surged by 16.2 percent in Q3 2024 compared to 2023