business

WGS 2025: Day Zero kicks off in Dubai with key forums

Forums include the Arab Fiscal Forum, the Arab Meeting for Young Leaders and the Young Arab Leaders Forum

UAE gold prices up AED2.75 as global rates near records amid Trump tariffs threats

Trump announced 25 percent tariffs on all steel and aluminum imports, escalating trade policy amidst existing metal duties

Oil prices rise 0.5 percent to $75.06 despite new Trump tariffs; China inflation disappoints

Crude oil WTI futures for March delivery increased by 0.6 percent to $71.13 per barrel

Saudi telecom giant stc Group launches newly rebranded BPO subsidiary at LEAP 2025

Upsource by solutions offers outsourcing services in HR, finance, operations management, and customer experience, driving improved business efficiency

WGS 2025: Dubai to host first edition of Young Arab Leaders Forum

Forum will bring together over 200 emerging leaders from across the Arab world on February 10

IMF considers new funding for Egypt amid rising costs

Cairo currently benefits from an $8 billion IMF financing agreement expanded in 2022 for economic support

DIFC launches Dubai Financial Experts Program to develop next generation of national leaders in financial services

The initiative aims to boost Emirati knowledge, skills, and leadership in financial services

Central Bank of Oman launches 73rd issue of Government Development Bonds sized at $259.7 million

New offering has a maturity period of five years and a coupon rate of 4.60 percent per annum

Dubai Chambers, U.S Chamber of Commerce partner to enhance trade, investment ties

Partnership will strengthen trade relations and enhance the ties between the business communities of Dubai and the United States

UAE, French Presidents witness signing of UAE-France Framework for Cooperation in Artificial Intelligence in Paris

The two leaders emphasized a strategic AI partnership, focusing on collaboration, investment, and Virtual Data Embassies

Dubai’s GDP grows 3.1 percent to $92.4 billion in first nine months of 2024

Trade, Transportation and Storage, and Finance and Insurance emerge as the leading sectors driving growth

Oman’s real estate sector grows 29.5 percent in 2024, hitting $8.6 billion

Real estate activities contributed $2.1 billion to the Sultanate’s GDP