business

Central Bank of Egypt reports $2.2 billion increase in gold reserves for 2024

This surge brings the total value to $10.644 billion by December 2024, a rise from $8.440 billion recorded in December 2023

Halo AI secures $6 million to expand brand creator collaborations beyond Saudi Arabia

The company aims to expand into Dubai and Kuwait, targeting growth in MENA, Europe, and North America

UAE and New Zealand sign CEPA, targeting $5 billion bilateral trade by 2032

This agreement seeks to reduce trade barriers, enhance customs procedures

UAE and Kazakhstan Presidents discuss bilateral relations, issues of shared interest

The two leaders underscored the need for enhanced global cooperation to tackle pressing issues like climate change

Oil prices decline to $80.77 from four-month high amid U.S. sanctions on Russian exports

Crude oil WTI futures for March also fell by 0.3 percent, reaching $77.12 per barrel

Saudi Ports Authority drives growth in 2024, strengthens Kingdom’s position as global logistics hub

In 2024, Saudi Arabia rose to 15th in global container handling, according to Lloyd’s List

UAE tech industry poised for record growth in 2025 with $3.8 billion revenue increase

The tech sector will expand in AI, cloud computing, and emerging technologies like blockchain and IoT

IMF forecasts steady global economic growth, continuing disinflation in 2025

Georgieva noted that the U.S. economy is performing "quite a bit better" than anticipated

Oil prices surge to $81.22 due to potential supply disruptions, cold weather

Crude oil WTI Futures expiring in March increased by 1.7 percent, hitting $77.06 a barrel

UAE, Brazil formalize mineral exploration MoU for energy and mining collaboration

The UAE is Brazil's second-largest Middle Eastern trade partner, with $2.64 billion in non-oil trade in early 2024

Oil prices rise by 0.4 percent driven by increased heating fuel demand, cold weather across U.S.

Brent oil futures set to expire in March climbed by 0.4 percent to reach $77.22 per barrel

Kuwait launches new international telecom portal with 100 gigabit capacity

The cable will be a trusted option for big companies and international service providersÂ