Economy

Saudi Arabia, Ukraine seek stronger economic ties as bilateral trade grows 9 percent in 2024

The two sides welcomed the upcoming reestablishment of the Saudi-Ukrainian Business Council in 2025

Nissan appoints Ivan Espinosa as CEO after Honda merger talks collapse

Espinosa has been serving as the company's chief planning officer since April 2024

Empowering women entrepreneurs in Abu Dhabi: Ra’idah initiative launched

The program will equip entrepreneurs with vital skills in digital and social media marketing for growth

TECOM Group shareholders approve $109 million cash dividend for H2 2024

TECOM Group saw an 11 percent year-on-year increase in revenues to AED2.4 billion in FY2024

US stock market in sharp decline, S&P 500 loses $4 trillion in value

The Nasdaq Composite was down 4 percent, its largest one-day decline since September 2022

UAE approves National Investment Strategy 2031, plans $65.4 billion in annual foreign inflows

The target is to increase foreign direct investment stock to AED2.2 trillion by 2031

Egypt’s annual inflation plunges to 12.5 percent in February

The monthly inflation rate recorded 1.4 percent last month compared to 1.6 percent in January 2025

Alpha Dhabi, Mubadala’s credit joint venture achieves $1 billion portfolio milestone

This accomplishment is vital for the partnership's goal of deploying $2.5 billion by 2028

Global dealmaking recovers as buyouts cross $602 billion in 2024: Report

Meanwhile, global exit value jumped 34 percent year-on-year to $468 billion

GCC inflation reaches 1.7 percent by end of October 2024, reports GCC-Stat

Annual inflation is driven by housing prices up 6.4 percent, goods and services 3 percent, hotels 1.7 percent

Saudi Arabia’s GDP up 1.3 percent in 2024, driven by non-oil sector growth

The growth stemmed from a 4.3 percent rise in non-oil and a 2.6 percent increase in government activities.

ADQ drives Abu Dhabi’s growth amid critical infrastructure, supply chains expansion

Sheikh Tahnoon commended ADQ’s contributions to building global business platforms, focusing on critical infrastructure and supply chains to drive growth

Dubai ranks world’s top greenfield FDI destination, attracts $14.24 billion in 2024

Total estimated FDI capital surges by 33.2 percent, the highest single-year value recorded since 2020

UAE’s insurance sector to grow 20 percent in 2025: S&P

Leading UAE insurance firms invest heavily in automation and digital transformation to enhance efficiency and competitiveness

Sheikh Khaled attends first Majlis Mohamed bin Zayed Ramadan session, titled ‘The Future of Finance in the Age of Intelligence’

The session examined the ways in which artificial intelligence is revolutionizing the banking landscape

Fifth edition of Investopia to take place in Abu Dhabi from March 31 to April 2, 2026

H.E. Al Marri: The 4th Investopia edition successfully opened new global investment opportunities in emerging sectors

UAE, Central African Republic CEPA to boost trade beyond $1 billion: Zeyoudi

Non-oil trade between the UAE and the Central African Republic reached over AED925 million in 2024

U.S. President Trump delays some tariffs on Mexico, Canada

Trump’s tariff plans have caused the stock market to sink and alarmed U.S. consumers

European Central Bank lowers interest rate again, keeps door open for more easing

ECB cut its deposit rate to 2.5 percent, citing slowing growth and declining inflation

Türkiye lowers interest rate to 42.5 percent as inflation eases

The bank’s monetary policy committee decreased its headline lending rate by 250 basis points on March 6

Ras Al Khaimah’s $1 billion sukuk draws high demand, oversubscribed 4.4 times

The government has tapped the international debt capital market after 10 years

Oman’s inflation rate averaged 1.4 percent between 2021 and 2024

The average GDP growth rate at constant prices was 3.9 percent from 2021 to 2023

talabat acquires instashop from Delivery Hero for $32 million

Instashop will continue to operate as an independent brand within talabat’s grocery and retail vertical

UAE leads as GCC foreign inflows cross $60 billion milestone

Year-on-year, foreign inflows have more than doubled from $890 million in February