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Economy
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
Energy
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
Energy
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.
Banking & Finance
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
Banking & Finance
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.
Banking & Finance
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
Logistics
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
Logistics
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
Energy
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
Technology
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
Banking & Finance
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
Economy
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
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