Economy

Qatar’s CPI sees 1.15 percent increase in August 2024

Five categories experienced increases, four saw declines, and three remained stable

Decoding global economic growth dynamics: A conversation with EFG Hermes Research expert

Mohamed Abu Basha shares insights on growth, interest rates, trends and opportunities

Dubai to host ‘The Africa Debate’ on October 31 to boost trade, investment

The event reflects the UAE's commitment to strengthening its economic and trade relationships with African nations

UAE’s investment in clean energy reaches over $12.25 billion, says minister Al Mazrouei

The country has significantly increased its clean energy share to 27.83 percent in 2023, aiming for 32 percent by 2030 

Saudi Arabia’s annual inflation rate stands at 1.6 percent in August 2024, highlighting economic robustness

This stability positions Saudi Arabia's inflation rate among the most dependable globally

S&P affirms Saudi Arabia’s A/A-1 credit rating, citing reforms and non-oil growth

The agency noted that the Kingdom’s outlook improved to ‘positive'

Sheikh Hamdan approves Dubai RDI Grant Initiative to foster scientific advancements, attract global talent

This program aims to fund research projects that will advance Dubai's key economic sectors

Saudi Arabia: On track to a diversified future

Country has been doubling down on strategic investments, sweeping reforms, and bold initiatives across multiple sectors

Oil prices rise on U.S. rate cut hopes despite weak demand, Chinese data

Brent crude futures for November rose by 3 cents to $71.64 a barrel

Saudi Arabia’s grocery opportunity

Disruption, differentiation and digitization make Saudi Arabia’s grocery sector one of the world’s most exciting — and ripe for change

As ADGM expands to Al Reem Island, new opportunities emerge for businesses

Abu Dhabi’s international financial center finalized significant arrangements and launched strategic incentives to support the transition

EFG Hermes KSA: Banking on opportunities in Saudi Vision 2030 and beyond

Since 2019, firm has successfully completed more than 14 IPOs in the Kingdom

Is the future of Saudi Arabia’s retail sector experiential?

Retail market is predicted to grow to $159 billion in 2024

Picking the who and the why in the GCC’s key growth sectors

Opportunities in retail, local manufacturing, entertainment, and tourism

Gitex Digi_Health 5.0 Expo-Summit Asia to be held in Thailand in September 2025

Hosted alongside Medical Fair Thailand, Gitex Digi_Health 5.0 Expo-Summit Asia will take place from September 10 to 12, 2025

UAE banks’ capital, reserves reach $134.8 billion by June 2024, says Central Bank

National banks comprised 86.3 percent of the total capital and reserves, amounting to $116.4 billion

UAE’s Ajman real estate transactions surpass $427.4 million in August 2024

The trading volume in the emirate reached AED950 million from 1,005 individual transactions 

Vision 2030 projects to propel Saudi Arabia’s non-oil GDP share: S&P

S&P expects Saudi Arabia's oil GDP to decrease to 24-26 of total GDP by the end of 2030

Dubai Taxi Company secures 300 new plates, projects $27.2 million in extra annual revenue

This acquisition raises the company’s fleet to nearly 6,000 vehicles, increasing its market share to 46 percent

UAE ministry of energy launches Data Bridge to enhance customer service, streamline government operations

This project enables MoEI to deliver proactive services, request data just once, and exchange digital documents in real time

Qatar Airways resumes flights to Saudi Arabia’s Abha, expands NEOM services

The airline will launch two weekly flights to Abha International Airport starting January 2, 2025

Dubai introduces AI Security Policy to strengthen cybersecurity, position UAE as global leader in AI by 2031

This initiative promotes a secure cyberspace, strengthening Dubai's digital infrastructure and global cybersecurity leadership

Oil prices soar amid hurricane Francine disruptions, ending weekly decline despite demand concerns

Brent crude futures climbed by 34 cents, or 0.5 percent, reaching $72.31 per barrel