business

Saudi economy grows 64 percent to $1.09 trillion in nominal GDP from 2016 to 2023, says Finance Minister

Al-Jadaan projected a 4.6 percent growth rate for non-oil GDP in Saudi Arabia in 2025 

Oil prices remain steady amid mixed U.S. inventory data, easing Middle East tensions

January Brent oil futures dipped 0.1 percent to $72.78 a barrel

Gold prices edge up slightly as safe-haven assets gain traction

President-elect Trump threatens new trade tariffs on China, Canada, and Mexico, sparking fears of a trade war

Saudi Arabia approves FY2025 budget, forecasts $315.2 billion in revenues

The approved state general expenditures amount to SAR1.285 trillion ($342.07 billion)

Crypto market cap plummets by $182 billion as Bitcoin ETFs face $435 million in outflows

Outflows sharply contrast with last week's $3.3 billion in Bitcoin ETF inflows, where IBIT captured over 60 percent

Saudi Arabia sets world record for largest food cluster with $5.3 billion investment to create 43,000 jobs by 2035

Over the next ten years, the Jeddah Food Cluster is expected to contribute SAR8 billion to national exports and add SAR7 billion to the nation's GDP

UAE launches initiative to train 5,000 Emirati students in future digital technologies

The initiative supports Dubai's vision to empower Emirati talent and strengthen the digital economy.

Ras Al Khaimah ranks 1st globally in Expat Essentials Index, 2nd in Working Abroad Index

Almost three in four respondents in Ras Al Khaimah find it easy to secure housing, compared to just 45 percent globally

Riyadh Season draws 8 million visitors so far, setting new record

This growth stems from the diverse events and entertainment options that have sparked significant interest

Oil prices plunge amid ceasefire hopes, dollar surge

Brent oil futures set to expire in January dropped by 0.3 percent to $72.80 per barrel

Dubai Industrial City marks 20 years as premier manufacturing and logistics hub in the Middle East

Dubai Industrial City is expanding, adding 13.9 million sq. ft. of industrial land this year

UAE President, King of Jordan discuss bilateral ties and regional developments in Abu Dhabi

Both leaders affirmed support for Lebanon's unity and sovereignty, expressing solidarity with its people

Sheikh Theyab and Bill Gates discuss AI’s role in advancing health, education, and food systems

Both parties discussed strategies to improve lives by combating preventable diseases like polio and neglected tropical diseases

ADGM FSRA publishes IT Risk Management Guidance

The Guidance provides a comprehensive framework for managing technology risks in ADGM's financial services sector

Emirates opens its first World Store in Southeast Asia with a unique experience in Manila

The store is designed to function as a comprehensive destination where customers can discover Emirates’ top-tier products and services

Oil prices rise amid escalating Russia-Ukraine tensions, yet U.S. inventory build limits overall gains

Brent oil futures for January delivery increased by 0.4 percent, reaching $73.07 a barrel

What you should know about Trump’s Department of Government Efficiency, led by Musk and Ramaswamy

Trump stated that DOGE aims to cut excessive regulations, reduce wasteful spending, and reorganize federal agencies 

Global spending on AI reaches over $120 billion in 2023: SDAIA

SDAIA Director of National Information Center noted that over 72 percent of organizations use AI for operational excellence

Etihad Airways reports $381 million profit after tax for first nine months of 2024

The carrier achieved 21 percent revenue growth, surpassing $5 billion in the first three quarters

Dubai International Chamber attracts 157 multinational companies, SMEs from Q1 to Q3 of 2024

The Chamber successfully supported 75 local companies expanding into global markets