business

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

OPEC+ sticks to oil production plan, ditches U.S. EIA from oversight sources

EIA was removed due to inadequate communication, not because of political motivations or pressures, OPEC said

Oil prices drop 0.7 percent to $75.47 following Trump’s delay of tariffs on Canada and Mexico

Crude oil WTI futures expiring in March dropped 1 percent to $71.70 a barrel.

UAE’s FTA corporate tax awareness initiatives attract over 15,700 participants, rising 8.7 percent in 2024

In 2024, 96 percent of FTA attendees expressed satisfaction with the informative nature of awareness events

Sustainability in UAE mega projects boosts bonds and sukuk issuances

UAE's issuance growth will stem from $35 billion Al Maktoum Airport and $8.2 billion drainage projects.

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 International Chamber attracts 51 multinational companies in 2024, 55 percent growth achieved

The chamber participated in 127 global events in 78 cities across 50 countries

Etihad Credit Insurance becomes UAE’s first insurer to join KYC Blockchain Platform

The initiative improves KYC compliance, customer data quality, and supports future growth of the network

Oil prices rise 0.6 percent to $76.13 amid potential disruptions from Trump’s tariffs

The focus on oil prices increase highlights concerns over potential supply disruptions from Canada and Mexico

Microsoft introduces DeepSeek’s R1 to its cloud amid ongoing IP concerns with OpenAI

R1 provides advanced reasoning capabilities for enterprises to tackle challenges and deliver innovative solutions

Dubai Chamber of Digital Economy supports 1210 startups in 2024, trains 1333 Emiratis in app development

21 events were held this year to support startups, nurture talent, and strengthen partnerships

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