Economy

Saudi Arabia’s real GDP sees 4.4 percent growth in Q4 2024, highest in two years

In 2024, Saudi Arabia’s economy rebounded, with real GDP increasing by 1.3 percent year-over-year

Qatar Financial Center reports 156 percent surge in new firms to 2,489

Surge in firm numbers brought the combined assets under management to over $33 billion

Sheikh Maktoum prioritizes financial sustainability to reinforce UAE’s global investment status

H.H.: "We remain committed to adopting the best global financial management practices"

Dubai unveils two toolkits for resolving family business conflicts

The first toolkit highlights genograms for understanding relationships

World Governments Summit 2025 to see record-breaking international participation with delegates from every continent

Attendance has increased by over 50 percent compared to last year, representing the largest gathering in the summit's history

Rising real estate: Qatar’s property market poised for steady growth

The Real Estate Research Review 2024/2025 presents the outlook on the emirate’s residential, commercial and hospitality real estate

UAE President, Hungary Prime Minister discuss enhancing cooperation in key sectors

Two leaders witnessed the announcement of memoranda of understanding and agreements in various fields

Alpha Dhabi acquires majority 73.73 percent share in National Corporation for Tourism and Hotels

Deal involves the transfer of four key hotel assets including two iconic luxury properties in Abu Dhabi

Oman, India sign tax protocol to boost economic relations

India-Oman trade grew to $12.388 billion in 2022-2023

Saudi Arabia Crown Prince, Italy Prime Minister ink agreement to establish Saudi-Italian Strategic Partnership Council

Saudi-Italian high-level roundtable resulted in the signing of 26 memoranda of understanding across key industries

Fed to hold interest rates steady as Trump calls for lowering borrowing costs

The market is pricing in the possibility that the U.S. central bank will lower borrowing costs twice by the end of this year

RAKEZ welcomes over 13,000 new companies in 2024, marking impressive 66 percent growth

With this achievement, RAKEZ is now home to nearly 30,000 multinational companies

Alibrahim says Saudi Arabia’s $600 billion pledge to U.S. to include investments, procurement

"What we'll spend in the economy from the start of Vision 2030 to 2030 is 12 times that number," Alibrahim said

UAE concludes participation in 2025 World Economic Forum: Highlights and impact

The UAE and WEF signed an MoU to establish the Global Regulatory Innovation Platform

Saudi Arabia to host regular global WEF meetings starting Spring 2026

Last year, the WEF special meeting in Saudi Arabia focused on global collaboration, growth and energy

WEF 2025: $7.1 billion committed to climate and health, yet most affected countries face challenges

Less than 35 percent of financing from bilateral donors is directed towards these nations

The impact of macroeconomic indicators on forex pairs linked to GCC currencies

Explore how regional macroeconomic indicators affect currency pairs involving GCC currencies like the AED and SAR

UAE’s growth forecast: Strong and steady at 4 percent in 2025, says IMF

Non-hydrocarbon sectors thrive due to tourism, construction, public spending, and growth in financial services

Davos 2025: Trump promises “the largest tax cut in American history”

Trump added that he would reduce corporate tax from 21 percent to 15 percent

WEF 2025: Saudi Arabia’s services trade hits $144 billion with 7 percent annual growth

The services sector represents approximately 65 percent of the world’s GDP

WEF 2025: Saudi Arabia targets 70 million annual tourists and top seven ranking by 2030, says minister

The Kingdom saw a record influx of nearly 30 million international tourists last year

Saudi Arabia’s Diriyah Company marks first participation at WEF 2025, leads urban development discussion

The participation supports the WEF 2025 theme “Collaboration For The Intelligent Age”

Saudi Arabia to invest $600 billion in U.S. over four years, says Crown Prince

Prince Mohammed noted the U.S. administration’s ability to create unprecedented economic prosperity and opportunity through anticipated reforms