business

Abu Dhabi seeks to boost investments with China as bilateral trade projected to reach $200 billion by 2030

The emirate hosts many of the 6,000 Chinese companies in vital sectors like technology and energy

‘Make it in the Emirates’ forum attracts $5.4 billion in investments during 2024

SMEs benefitted from 68 percent of total financing from Emirates Development Bank and partner banks

Bank of Sharjah acts as mandated lead arranger, bookrunner in $155 million loan for ‘Daewoo Engineering’

This three-year facility, arranged with regional banks, supports Daewoo’s global working capital needs

New regulations issued for endowment companies in Abu Dhabi

The resolution establishes a secure framework for family businesses, ensuring sustainability and growth while supporting investment in key sectors

Dubai’s Emaar Properties posts $9.7 billion in revenue, $5.1 billion profit following record year

Property sales reached $19 billion, a 72 percent increase from $11 billion in 2023 

WGS 2025: UAE extends Arab Government Excellence Award for another four years

This award promotes enhanced performance leadership in the public sector throughout the region

Brazil to host BRICS summit in Rio de Janeiro in July

This event highlights Brazil's leadership as it sets the agenda for the upcoming BRICS summit

GASTAT: Saudi Arabia’s inflation rate hits 2.0 percent in January 2025

GASTAT highlighted that the Kingdom's inflation rate is considered the lowest among the G20 countries

Oil prices steady at $74.76 as Trump tariffs loom, Russia-Ukraine peace talks emerge

Crude Oil WTI Futures expiring in March were similarly muted at $70.69 a barrel

Smart Rent Index mitigates inflation in Dubai, enhances market transparency

The index sets rent increases using rental contracts, area averages, and building classifications

Abu Dhabi’s Alef Education sustains strong growth in 2024, achieves revenues of $206.6 million

The company saw a 6 percent rise in profit before tax to $133.9 million, driven by strong contracts

New creative district in Riyadh targets growth in creative economy, GDP

This initiative seeks to create a vibrant ecosystem for creative professionals and emerging talent to collaborate on content and drive innovation.