business

UAE gold prices stable at AED315.15 amid thin year-end trading, set for strong annual gains

22-carat gold stood at AED 292.25, 21-carat gold was priced at AED 283, while 18-carat gold was at AED 242.50

Oil prices rise to $74.51 following Chinese manufacturing data, but set for yearly decline

WTI futures for February delivery also saw a 0.7 percent increase, reaching $71.05 per barrel

How UAE is leading in industrial growth and economic diversification

The sector has boosted sustainable growth, competitiveness, and contribution to the nation's GDP

Qatar: Private sector exports hit $701.6 million in Q3 2024

This reflects a modest decline of 2.5 percent from QAR2.62 billion ($718 million) in Q2 2024

Qatar Tourism: Five million visitors welcomed in 2024

A 25 percent increase in international arrivals compared to 2023

UAE: “Economic Content Creators” program explores engaging storytelling techniques in second week

Training sessions impart knowledge on simplifying complex data to create compelling narratives

Oil prices dip 6 cents with Brent at $74.11 as investors watch for China and U.S. data

U.S. West Texas Intermediate crude saw an 8-cent decline, bringing it to $70.52 a barrel

Dubai Taxi Company launches 2025-2029 strategy to target untapped markets in UAE and beyond

The strategy entails expanding into limousine services and delivery while maintaining taxi market leadership

Dubai launches first-ever tax certification program in Arab world

This certification caters specifically to tax professionals employed by Dubai government entities

Oil prices steady at $73.22 and $69.19 amid holiday trading slowdown

Year-end profit-taking and portfolio rebalancing contributed to the lower trading volumes

Saudi Arabia’s non-oil exports rise by 12.7 percent in October

National non-oil exports, excluding re-exports, saw a rise of 5.1 percent

UAE tourism’s economic impact set to reach $64.2 billion in 2024

Contributing 12 percent to the country's gross domestic product

Saudi Arabia’s construction market to exceed $90 billion by 2029

Over $20 billion in projects are underway in Riyadh 

UAE’s MoHRE calls on private sector to meet 2024 Emiratization targets by December 31

Organizations with 50 or more employees must achieve a 2 percent increase in Emiratization of skilled roles by year-end

Sheikh Hamdan forms interim steering committee to oversee transfer of commercial control operations in Dubai

The committee will be entrusted with approving timelines and streamlining operations for enhanced efficiency

Crude oil prices rise 0.2 percent on new China stimulus, U.S. inventory declines

Brent oil futures increased by 0.2 percent, reaching $73.71 a barrel

UAE Ministry of Finance announces key amendments to tax regulations effective January 2025

The modifications introduce various administrative reliefs and clarifications for businesses that establish Tax Groups.

Abu Dhabi’s Mubadala acquires 80 percent stake in Global Medical Supply Chain, Al Ittihad Drug

Strategic acquisition enhances Mubadala's footprint in the healthcare logistics and pharmaceutical distribution sectors

UAE-Croatia bilateral trade surges to $78.9 million in H1 2024, up 44.8 percent

UAE non-oil trade with Croatia reaches $110.7 million in 2023

Indian businesses top the list of newcomers joining Dubai Chamber of Commerce in 9M 2024

Pakistan ranked second on the list with 6,061 new companies joining the chamber in the first nine months of 2024

BRICS expansion: Nine new partner countries set to join in January 2025

Belarus, Bolivia, Indonesia, Kazakhstan, Cuba, Malaysia, Thailand, Uganda, and Uzbekistan will join BRICS as partner countries

Sharjah approves $11.4 billion budget for 2025, largest in emirate’s history

The budget empowers agencies to fund initiatives, provide housing for citizens, and upgrade tourism infrastructure

Transforming data management in the UAE: How the Data Index sets new standards

This index aligns with global best practices and standards pertaining to statistics and data management

173 real estate transactions in Ajman: $162.8 million total and 88 percent yearly growth

Residential properties were valued at $81.8 million, surpassing commercial properties at over $55.5 million