Economy

New business success index identifies key factors for thriving in Saudi Arabia amid 33 percent expansion urgency

18 percent increase in international companies entering Saudi Arabia from outside MENAT

Sheikh Khaled honors seven winners of Sheikh Khalifa Excellence Award

Sheikh Khaled honored seven companies for their leadership in the business sector and their forward-looking approach for growth and expansion

UAE to invest $40 billion in Italy across key sectors, over 40 new agreements signed

Non-oil trade between the two countries grew to $11.7 billion in 2023

UAE joins Kuwait in celebrating 64th National Day as bilateral trade reaches $13.6 billion

The UAE imports 22 percent of Kuwait's non-oil exports, ranking third after China and U.S.

ADGM completes Al Reem Island integration, adds over 1,100 entities to jurisdiction

Since the expansion was announced in April 2023, more than 600 new businesses have set up on Al Reem Island

Sheikh Maktoum approves Dubai Financial Audit Authority’s Strategic Plan for 2025–2028

The plan will also utilize 32 performance indices to follow up on the execution of the Authority’s targets

DIEZ boosts contributions to national economy as net profit surges 35.5 percent in 2024

In 2024, DIEZ saw a 9 percent annual growth in the number of registered companies operating within its economic zones

Investopia 2025 to kick off on February 26 and 27, exploring finance opportunities in global economic landscape

This year's Investopia, themed ‘Harnessing MegaForces,’ features 100 speakers and 2,000 participants from 20 countries

Abu Dhabi, China bolster economic and business ties with key agreements

A strategic cooperation agreement was signed between the Abu Dhabi Government and the Shanghai Municipal People's Government

Leaders of GCC states, Egypt, and Jordan convene in Riyadh to strengthen coordination and consultation

The UAE President thanked King Salman and Crown Prince for organizing the dialogue

Global consumer product sales see slow growth in 2024 as price increases stabilize, volumes improve: Report

Amid declining shareholder returns, consumer products companies must accelerate digital transformation to regain lost ground

UAE President to commence state visit to Italy on February 24

Discussions will focus on strengthening bilateral cooperation between the UAE and Italy

UAE GDP growth expected to rise from 4.5 percent to 5.6 percent, outpacing IMF’s 3.2 percent forecast: Report

Growth rate of GCC region is expected to double from 2.1 percent to 4.2 percent in 2025

UAE maintains position among world’s top 10 soft powers, defying regional slowdown: Report

The country's Nation Brand has experienced a remarkable increase from $1 trillion to $1.232 trillion

Abu Dhabi, China bolster economic ties at investment forum with partnerships in key sectors

During the forum, participants engaged in discussions on Abu Dhabi’s role as a global financial, trade and technology hub

Qatar investments in U.K. economy surpass $50 billion, says U.K. investment minister

The two countries share a robust economic partnership, with total trade reaching $7.06 billion in the first three quarters of 2024

Dubai Internet City adds $27.23 billion to Dubai’s economy in 15 years: Study

The district's community has facilitated the creation of more than 125,000 direct and indirect jobs

Qatar pledges $10 billion investment in India to boost economic ties

Both countries agreed to double bilateral trade from $14 billion to $28 billion in five years

Oman earns 8th place in Global Entrepreneurship Index 2024, scoring 5.7

Oman's ranking results from ASMED's efforts with public and private partners through strategic initiatives

Kuwait, Uzbekistan strengthen ties with 4 new agreements as bilateral trade grows 23-fold since 2017

The first agreement between the two countries aimed at enhancing collaboration in the private sector labor force

Saudi Arabia’s labor regulations amendments take effect to enhance job stability, market efficiency

The amendments modify 38 articles, remove 7, and introduce 2 new articles to the regulations

Saudi Crown Prince meets Russian Direct Investment Fund Chief, discuss bilateral investment coordination

Riyadh hosted on Tuesday discussions between Russian and U.S. representatives

Oman’s GDP rose 1.9 percent in H1 2024, fueled by 3.6 percent non-oil growth: Central Bank

Despite global challenges, the Omani economy has demonstrated resilience in handling various economic shocks

UAE and Ukraine explore investment opportunities following CEPA signing, issue joint statement

CEPA aims to add about $369 million to UAE's GDP and $874 million to Ukraine's GDP