Economy

Dubai’s GDP grows 3.1 percent to $92.4 billion in first nine months of 2024

Trade, Transportation and Storage, and Finance and Insurance emerge as the leading sectors driving growth

Bank of England cuts interest rates to 4.5 percent, lowest since 18 months

This decision follows December's unexpected inflation drop from 2.6 percent to 2.5 percent

Sheikh Mohammed approves new boards of directors for Dubai Chambers and its three divisions

The board of directors for Dubai Chambers will be headed by Sultan Bin Saeed Al Mansoori, former UAE Minister of the Economy

Saudi Arabia’s debt capital market poised to exceed $500 billion by end of 2025: Report

Fitch has reaffirmed Kingdom's credit rating at A+ with a stable outlook

WGS 2025: Expanded agenda to feature prominent tech leaders Elon Musk and Alphabet CEO

Alphabet CEO Sunder Pichai, Chairman of Alibaba Group Joseph Tsai and co-founder and CEO of Roblox David Baszuck will headline this year's edition

UAE launches new roadmap for Green Intellectual Property to accelerate technology localization

Ministry aims to raise the share of patent registrations for sustainable and environmental innovations to 8 percent of the total

WGS 2025: Over 200 Arab youth ministers to convene at 4th Arab Meeting for Young Leaders

Meeting will feature a ministerial discussion panel with institutional leaders and influential young figures from diverse fields

GCC foreign inflows fall under $1 billion in January 2025 amid heightened investor selectivity: Report

Saudi topped net inflows at $694 million, followed by Kuwait at $133 million, UAE $115 million

Egypt’s non-oil private sector records best performance in 4 years with January PMI at 50.7

January's figure, highest since November 2020, rose due to improved market conditions and lower costs

UAE non-oil business sector grows strongly to 55.0 in January, PMI indicates

Business activity and new orders increased significantly, fueled by favorable conditions and reduced cost pressures

Global healthcare private equity soars to $115 billion in 2024, second-highest deal value on record: Report

Biopharma sector's scalability and alignment with national health agendas have made it a focal point for Middle Eastern sovereign wealth funds

What Trump’s sovereign wealth fund means for TikTok

Trump proposed a sovereign wealth fund to address American security and user privacy concerns

Saudi Arabia’s non-oil economy records best performance since 2014 in January, says PMI

Saudi Arabia witnessed a rise in export sales, which was another factor behind the sharp increase in total new orders

Multiply Group’s EBITDA grows 15 percent to record $508.31 million

The group's revenue surged 56 percent year-on-year to over AED2 billion

UAE-Kuwait Week kicks off to strengthen longstanding economic, cultural ties

Non-oil trade between the UAE and Kuwait grew 9 percent last year to $13.6 billion

Kuwait projects $58.9 billion revenue in draft budget for 2025-26

Non-oil revenues are expected to increase by 9 percent to $9.4 billion, says finance minister

Dubai South welcomes 415 new companies in 2024, reports 300 percent rise in leased office space

In 2024, Dubai South Properties successfully completed Phase 1 of The Pulse Beachfront

UAE-Kuwait week to boost bilateral relations amid $86.3 billion trade growth

The event will be hosted at Jumeirah Emirates Towers in Dubai on February 3 to 4

Egypt and Iraq sign 12 MoUs to boost trade, investment

Agreements ecompass land transport for passengers and goods, promoting competition and addressing monopolistic practices

Dubai: 13 events you shouldn’t miss in February at DWTC

DWTC will kick off February with Medlab Middle East 2025, a premier event for the medical laboratory industry

Markets surge after ECB cuts interest rates for fifth time to 2.75 percent

Eurozone stagnation due to industrial recession leads ECB to continue its easing trajectory

World Governments Summit launches 2nd edition of Global Ministers Survey, 8th edition of Best Minister Award

The Global Ministers Survey enables ministers to discuss global challenges and solutions