business

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

Oil prices fall 0.6 percent to $77.82 as Trump pushes for lower crude prices, higher U.S. production

West Texas Intermediate crude futures dropped 0.6 percent to $74.21 per barrel

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

Saudi Arabia achieves record 178 venture capital deals in 2024, retains top rank in MENA region

E-commerce dominated with 33 percent of total funding with a value of $247 million

WEF 2025: UN Secretary-General highlights global threats of climate crisis, unregulated AI

He emphasized international collaboration, citing the Global Digital Compact as a framework for responsible digital technology use

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”

EV shipments to grow 17 percent in 2025 with over 50 percent of models being EVs by 2030: Report

U.S. and EU trade restrictions on Chinese EVs may slow CASE adoption in these markets

Saudi Arabia to see 3.5 to 4.5 percent growth in construction as Europe eyes gradual recovery: Report

Infrastructure projects and government-led construction will drive growth in tourism and leisure sectors

Sheikh Hamdan: Trade is the lifeblood of Dubai’s economy, crucial pillar of its growth

His Highness spoke at Za’abeel Majlis in Dubai, addressing businessmen, traders, and investors

WEF 2025: UAE delegation led by Sheikha Latifa discuss global partnership with founder Klaus Schwab

H.H. Latifa bint Mohammed: Culture a driving force for building vital societies, sustainable economies