business

Moody’s projects 5.5 percent growth for Saudi Arabia’s non-oil sector

The agency forecasts government spending will remain high at 30 to 32 percent of GDP over the next three years 

UAE President, Sheikh Mohammed bin Rashid meet to discuss strategies for enhancing national welfare and development 

The leaders discussed the UAE's development and strategies for national growth and prosperity

Oil prices surge amid fears of Middle East conflict disrupting crude shipments

Brent crude futures climbed by 80 cents, or 1.08 percent, reaching $74.70 a barrel

UAE, Saudi Arabia top Arab region with $32 billion in gross written premiums 

Global gross written premiums totaled about $6.78 trillion at the close of 2022

UAE insurance sector profits reach $680.6 million in 2023, reports CBUAE

The total number of insurance policies written across all types in the UAE surged to 14.6 million 

$19.55 billion of Islamic bonds, sukuk listings on Abu Dhabi market: UAE’s SCA

The listings comprise 10 conventional tranches and 6 additional issues categorized as green bonds and sukuk focused on sustainability 

Abu Dhabi sets new mortgage records in Q3 with $3.67 billion in 2,594 transactions 

This represents the highest quarterly volume seen in recent years

Dubai’s RTA implements major traffic upgrades to enhance road efficiency near 37 schools

These enhancements prioritize safety for all road users in Dubai, including staff, bus drivers, and families

DFM sees 10.9 percent gain in 2024, leading GCC markets with 4.1 percent monthly growth in September

The overall growth was widespread, driven particularly by significant gains in key indices such as the Financial Index

Saudi Arabia’s NEOM reveals first designs of Sindalah Yacht Club set to open soon

The club’s design showcases the richness of Italy's artistic heritage, with interiors that reflect the island's natural beauty

Riyadh welcomes first refurbished Emirates Boeing 777

This newly upgraded aircraft will operate the daily EK 819/820 service, departing Dubai at 07:10 and arriving in Riyadh at 08:05

UAE’s Space42 makes debut on ADX following Bayanat and Yahsat merger

Space42 merges Bayanat’s sophisticated geospatial analytics with Yahsat’s premier satellite communications and AI innovations