business

Saudi Arabia unveils TOURISE to redefine global tourism by uniting visionary leaders across sectors

This initiative represents a significant step towards sustainable growth in the global tourism industry

Egypt’s central bank cuts interest rates as growth accelerates, inflation slows

The MPC has adjusted the overnight deposit rate to 24 percent and lending rate to 25 percent 

Mastercard launches cyber resilience center to enhance digital security in Saudi Arabia

Three pillars focus on education, best practices, and risk assessments to boost cyber defenses 

Make it in the Emirates 2025: ADNOC awards $147.8 million in contracts for locally made industrial products

Contracts to nine suppliers showcase ADNOC's commitment to local manufacturing initiatives

Make it in the Emirates 2025 emphasizes prioritizing energy efficiency in manufacturing for a net-zero UAE

The UAE’s industrial sector accounts for around 60 percent of total national energy consumption

Saudi Arabia launches AI incubator to propel startup growth, digital economic development

The new incubator supports AI startups, enhancing Saudi Arabia's position as a regional innovation hub 

Qatar tourism contributes $15.1 billion to GDP in 2024 with 12 percent 2030 target

International visitors spent nearly $11 billion, with a 25 percent increase in arrivals noted

Saudi Arabia and Spain partner to boost joint projects, economic collaboration

Key areas of cooperation include economic modeling, support for SMEs, and joint project facilitation

Qatar launches $1 billion incentives program to drive gloval investment, innovation

The program offers financial support covering up to 40 percent of eligible local investment expenses over five years

Make it in the Emirates 2025: Youth empowerment and future industries take center stage on closing day

Ministerial panel session will highlight the importance of youth involvement in future industries

Make it in the Emirates 2025 Day 3: UAE unveils AI marketplace and industrial innovations

Day 3 featured groundbreaking announcements, strategic partnerships, and innovation-focused initiatives that underscored the nation’s commitment to shaping the future of global industry

ADNOC signs $1.64 billion deals to manufacture critical industrial equipment in UAE

The long-term agreements encompass the manufacturing of cables and pressure vessels, potentially creating up to 1,300 jobs