business

AI to contribute 20 percent to UAE’s GDP by 2031 with market growing to $46.3 billion

In 2023, the UAE’s AI market was valued at approximately $3.5 billion

Saudi Arabia’s trade surplus hits $3.8 billion in April 2025, with China as top export destination

Exports totaled $24.1 billion, showcasing resilience in the trade sector 

U.S. current account deficit hits record high as foreign direct investment plummets to $52.8 billion in Q1 2025

The decrease coincided with heightened business uncertainty over President Trump's tariff proposals and policies.

The one who holds on to everything ends up losing everything

Letting go of what weighs you down is often the first step toward real growth

How fiscal policy, increased public spending are shaping GCC economic resilience in 2025

Total public spending in GCC countries is projected to reach $542.1 billion in 2025 

Addleshaw Goddard strengthens Middle East operations with new office in ADGM

The move marks a significant milestone in Addleshaw Goddard's strategic growth across the Middle East

Saudi Arabia closes June 2025 issuance of sukuk program at $627.8 million

The sukuk issuance was divided into five tranches, each with different maturities and sizes 

UAE Central Bank boosts gold reserves by 19.3 percent to $7.46 billion in Q1 2025

Demand deposit balances surpassed AED1.147 trillion, up from AED1.109 trillion in December 2024 

Crude oil prices surge over 1 percent to above $67 amid Middle East stability

Concerns rise over the Strait of Hormuz, through which nearly a fifth of global oil flows

The unseen lifeline: How travel insurance is adapting to a world in flux

The wise traveler will view their insurance policy not as an all-encompassing shield, but as one vital layer of protection in an unpredictable world

Will the GCC introduce personal income tax after Oman makes the landmark policy shift?

Oman's decision marks a milestone for the region, where tax-free personal income has long been a defining feature of the social contract