business

WGS and Strategy& Middle East launch new productivity index, highlighting GCC’s $2.8 trillion GDP potential

PPI redefines productivity measurement by integrating environmental sustainability, well-being, innovation, and institutional quality

WGS 2025: UAE President and Dubai Ruler meet Pakistani PM, reaffirm bilateral historical ties

Talks emphasized economic, trade, and development areas aligned with both nations' growth visions

UAE unveils first phase of Blue Visa system, granting environmental champions 10-year residency permits

This visa is for environmental supporters, including NGOs, international organizations, award winners, and activists

WGS 2025: Dubai Future Foundation, IBM partner to create sovereign cloud, AI innovation center in the emirate

The partnership supports Dubai's D33 agenda to double its economy and rank among the top three global cities

UAE gold prices drop AED1.75 as global rates decline from record highs after Fed Powell’s remarks

The U.S. Consumer Price Index (CPI) report is scheduled for release at 13:30 GMT later today

Oil prices dip to $76.75 following increase in U.S. crude stockpiles

U.S. West Texas Intermediate (WTI) crude fell by 28 cents, or 0.4 percent, to $73.04 a barrel

Abu Dhabi’s EMSTEEL delivers $2.25 billion in revenue for 2024

The company realized a solid Profit before tax of $117.6 million and Net Profit after tax of $106.7 million

Saudi Arabia’s industrial production index surges by 2.1 percent in December 2024: GASTAT

Growth is driven by growth in manufacturing, water supply, sewerage, and waste management and remediation activities

Qatar, Türkiye join regional integrated industrial partnership, unveiling over $2 billion in new projects

This addition strengthens the partnership, enhancing industrial integration and cooperation for a sustainable economy

WGS 2025: Klaus Schwab outlines role of governments in adapting to ‘Intelligent Age’ transformation

Schwab noted past industrial revolutions, highlighting rapid changes driven by AI, quantum computing, and cryptocurrencies

Abu Dhabi’s IHC reports FY2024 revenue of $25.3 billion, 54.4 percent growth

Strong financial performance stemmed from robust contributions in Real Estate, Construction, Marine, and Dredging

DEWA announces record annual revenue of $8.43 billion for 2024

The Authority achieved EBITDA of $4.27 billion and net profit after tax of $1.97 billion