business

Saudi Arabia, France form strategic partnership council to bolster cooperation in key sectors

FDI flows from France to Saudi Arabia amounted to more than SAR11.2 billion in 2023

UAE National Day: Nation celebrates key economic achievements, milestones in 2024

Achievements underscore the effectiveness of the UAE’s initiatives and strategies across key sectors

UAE National Day: Celebrating 53 years of unity and progress through visionary leadership, groundbreaking initiatives

A comprehensive reflection on 2024’s milestones in governance, infrastructure, and global positioning

UAE National Day: 53rd Eid Al Etihad celebrates cherished memories, joy, and pride, says Sheikh Mohammed bin Rashid

This event allows reflection on the nation’s progress and inspires efforts to enhance resilience and improve lives

World Bank: GCC growth projected at 1.6 percent in 2024, 4.2 percent in 2025-2026

UAE's economic growth is projected at 3.3 percent in 2024, driven by 4.1 percent non-oil sector growth 

UAE National Day: NDDSF clears $109.4 million in debts for 1,277 Emirati citizens

The move is in collaboration with 18 banks and financial institutions across the nation 

UAE National Day: Historical bond with Saudi Arabia rooted in unity, shared vision

The Saudi Crown Prince's visit to the UAE emphasizes commitment to collaboration on regional and international issues amid global challenges 

Gold prices decline as Trump’s tariff threat bolsters dollar

In the UAE, gold rates fell by AED3.75, with 24-carat gold priced at AED318.25 and 22-carat gold at AED294.50

What is Islamic finance: Principles and opportunities for growth

The global Islamic finance industry is witnessing remarkable growth, with total assets reaching $3.3 trillion by the end of 2023

Abu Dhabi Business Week to feature top global innovators, influential leaders from December 4 to 6

Over 150 speakers from various sectors will share their entrepreneurial stories and insights with 8,000 attendees across ten events

Talabat prices IPO at top of range, raising $2 billion in proceeds

Final share price has been set at AED1.60, valuing the company at around AED37.3 billion ($10.1 billion)

Saudi Arabia’s expenditure on research and development surges by 17.4 percent to $6 billion

The workforce in the R&D field increased by 12.2 percent, bringing the total number of employees to 49,337

Oil prices face weekly decline amid easing Middle East tensions, anticipation of OPEC+ meeting

Brent crude futures for January fell by 0.1 percent to $73.21 per barrel

EFG Hermes advises on Maarif Education’s landmark acquisition of Ibn Khaldoun Education in Saudi Arabia

This complex transaction stands as one of the most substantial investments to date in Saudi Arabia’s private K-12 education sector

Saudi Arabia sees 27 percent surge in incoming tourists over 9 months, says tourism minister 

By the end of 2023, tourism contributed 5 percent to GDP, with a goal of reaching 10 percent by 2030

How achieving gender equality could add $21 trillion to global GDP

Empowering women benefits business, as research shows diverse boards outperform non-diverse ones by 20 percent 

UAE-China ties: 40 years of diplomatic relations propel investments, trade to new heights

The UAE-China economic partnership continues to flourish, with over 14,500 Chinese business licenses issued in the UAE

UAE’s Habib Al Mulla and Partners expands into Iraq, bridging legal excellence across borders

This expansion comes from a partnership with Al Nesoor Law Firm, a Baghdad firm with 30 lawyers and 24 years of experience in M&As

Saudi economy grows 64 percent to $1.09 trillion in nominal GDP from 2016 to 2023, says Finance Minister

Al-Jadaan projected a 4.6 percent growth rate for non-oil GDP in Saudi Arabia in 2025 

Oil prices remain steady amid mixed U.S. inventory data, easing Middle East tensions

January Brent oil futures dipped 0.1 percent to $72.78 a barrel

Gold prices edge up slightly as safe-haven assets gain traction

President-elect Trump threatens new trade tariffs on China, Canada, and Mexico, sparking fears of a trade war

Saudi Arabia approves FY2025 budget, forecasts $315.2 billion in revenues

The approved state general expenditures amount to SAR1.285 trillion ($342.07 billion)

Crypto market cap plummets by $182 billion as Bitcoin ETFs face $435 million in outflows

Outflows sharply contrast with last week's $3.3 billion in Bitcoin ETF inflows, where IBIT captured over 60 percent