business

GCC financial markets hit nearly $4.2 trillion in capitalization in 2024, marking 0.7 percent growth

Total market capitalization of GCC financial markets dropped 4.4 percent compared to the end of 2023 

Dubai’s $10 billion infrastructure spending fuels growth of commercial vehicle market

Saudi Arabia's $267 billion in infrastructure investments are also key to driving industry growth 

Emirates to resume flights to Damascus starting July 16 

Emirates will operate three weekly flights, expanding to daily services by October for travelers

Ajman secures $272.3 million for port development in strategic MoU

A comprehensive development plan will adhere to the highest global standards for Ajman Port 

STC Bank wins Temenos’ Fast Track Growth award for remarkable user adoption

User-friendly features and instant transfers have fueled STC Bank's notable expansion in three months 

Qatar and Kuwait sign agreement to avoid double taxation, promote investment

The deal establishes a legal framework for tax treaties to eliminate double taxation instances 

Oman’s public revenues reach $33.2 billion in 2024 driven by hydrocarbon gains

Public spending reached OMR12.241 billion, primarily driven by subsidies for oil and development projects

Dubai 24-carat gold price today up AED3.25 amid heightened tariff concerns

Upcoming U.S.-China trade discussions could impact gold prices as tensions remain high

UAE, Sweden to strengthen bilateral ties through cooperation in AI and renewable energy

Ambassador Floren praised the UAE’s open policy and its success in establishing strategic partnerships globally

Kuwait, Japan elevate bilateral relations to comprehensive strategic partnership level

Both countries agreed to enhance cooperation across multiple sectors

ADFD joins UAE delegation to Lebanon focused on strategic partnerships, development

Delegation assessed potential projects and engages in knowledge exchange for Lebanon's future growth 

Saudi Arabia, China strengthen financial cooperation in tax policy and capital markets

Discussions aimed at strengthening bilateral ties and improving international financial institutions