Economy

Dubai tops Arab world, ranks fifth globally in international shipping centre index

Dubai holds the position of the fifth strongest international shipping hub for the fifth consecutive year 

Kuwait Central Bank issues bonds, tawarruq worth $792 million

These issuances have a maturity period of three months, with a yield of 4.375 percent 

SIF 2024 kicks off tomorrow to explore AI’s transformative power in revolutionizing smart economies

Forum's 7th edition boasts an impressive lineup of 17 key partners from leading institutions

Dubai’s Meraas awards $231.4 million construction contract for Bvlgari Lighthouse on Jumeira Bay Island

The luxury project is expected to be completed by the second quarter of 2027 

Saudi Maaden, Bahrain’s Alba ink non-binding deal to explore potential business merger

This collaboration aims to generate synergies that boost production, ESG performance, energy security, and shareholder value

UAE’s ‘Invest in the Emirates’ campaign to attract world’s top innovators, talents and entrepreneurs

The campaign will launch in major cities including Cannes, Munich, Paris, London, Zurich, Geneva, and New York

UAE: Aviation Future Week to be held in October

The event will gather UAE ministers, senior officials, and industry leaders from aviation, aerospace, airfreight, MRO, and logistics

Saudi-Egyptian investment protection deal to launch in two months, says PM Madbouly

The trade between Saudi Arabia and Egypt surpassed $33 billion during 2022 and 2023

UAE, Australia free trade agreement to save $160 million a year in tariffs

In 2023, bilateral investment between Australia and the UAE reached $20.6 billion

Saudi Crown Prince and Egyptian Prime Minister discuss bilateral relations, aspects of cooperation

Several prominent figures from both sides were in attendance at the meeting 

Korea-UAE synergy through strategic trade partnerships

A deep dive into the role of key South Korean agencies

Oil prices see modest gains amid rate cut speculations, Hurricane Francine’s supply impact

Brent crude futures set to expire in November climbed 0.2 percent to $72.88 per barrel

World Bank, Qatar in global education partnership

The World Bank will work with Qatar and Education Above All in the development of new, innovative financial tools for education

Crypto exchange Bybit secures provisional approval from Dubai’s regulator VARA

Bybit launched its sponsorship of the Blockchain for Good Alliance (BGA) at Blockchain Life in April in Dubai 

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