business

Dubai’s Mashreq expands into Oman with tailored financial corporate services to support Vision 2040

The bank aims to nurture resilient entrepreneurial talent and foster a dynamic, knowledge-driven economy

Saudi Aramco CEO anticipates 1.3 million barrels per day increase in oil demand this year

Oil demand in 2025 is projected at nearly 106 million barrels per day, up from 104.6 million

Saudi Arabia GDP growth rate projected at 4 percent from 2025 to 2027: S&P

Vision 2030 initiatives expected to boost non-oil growth by 10 percent in the Kingdom

stc Group among world’s top 10 telecom brands and strongest in the Middle East & Africa

The Group remains the most valuable telecom brand in the Middle East & Africa for five years

World Bank forecasts Egypt’s economic growth at 4.2 percent in FY2025/26 amid inflation relief

This GDP growth is driven by private consumption, easing inflation, strong remittances, and improved sentiment

Oil prices drop to $80.6 as Trump declares national energy emergency

West Texas Intermediate crude futures saw a 0.9 percent decline, reaching $76.69 per barrel

Sharjah Islamic Bank posts record profit of $313.1 million in 2024

Total profit from financing grew 20.6 percent, reaching AED3.7 billion in 2024

Saudi Real Estate Price Index Q4 2024: 3.6 percent annual growth driven by residential, commercial sectors 

Findings indicated a 5.0 percent rise in commercial property prices for the quarter

Saudi Q4 2024 Consumer Report: Over 200,000 inspections conducted to protect consumers 

The report outlined measures to combat commercial fraud, managing over 150,000 complaints

Riyadh to host Global Labor Market Conference featuring 45 labor ministers, 200 experts

The event will focus on international collaboration and youth employment

IMF projects 3.3 percent global growth in 2025, inflation to fall to 3.5 percent by 2026

Despite the stable global growth forecast, disparities among countries are widening