business

How economic growth, rise of AI fuel dynamic labor market in UAE

The country sets a global standard in protecting workers' rights and providing a secure and stable work environment

Dubai awards $108.9 million contracts for second phase of Al Mamzar Beach Development Project

This phase focuses on improving the Al Mamzar Corniche beachfront, and is expected to finish by end of 2025

Saudi Arabia endorses 2025 annual borrowing plan with $37 billion funding target

This plan outlines key public debt developments for 2024, local market enhancements, and the 2025 funding strategy 

Oman forecasts $29 billion public revenue for 2025, 1.5 percent increase from 2024

Projections were informed by critical factors and data, based on an average oil barrel price of $60

Bahrain Bourse launches comprehensive trading incentive scheme to boost market activity

An initiative designed to enhance participation and liquidity among market participants

Saudi Arabia trade balance surplus grows 30 percent to $5.5 billion in October 2024

This represents an increase of over $1.06 billion compared to September

Egypt’s food exports surge to $5.5 billion in first 11 months of 2024

Surpassing the total exports for the entirety of 2023, which were recorded at $5.068 billion 

Abu Dhabi’s Q3 2024 GDP expands 4.5 percent, marking record quarterly high of $82.2 billion

Non-oil sector grew 6.6 percent, showcasing the emirate's strong economic momentum

Dubai real estate sets all-time record in 2024 with 180,900 transactions worth $142.1 billion

Transaction volume and value grew 36 percent and 27 percent, surpassing 2023's 133,100 sales at $111.9 billion