business

Saudi Arabia’s bank credit hits over $833 billion by April 2025 with 16.5 percent YoY growth

Quarterly growth of 5 percent indicates continued positive momentum in the banking sector for 2025.

Turkey central bank holds interest rates at 46 percent amid geopolitical tensions

Market rates, such as the Turkish Lira Overnight Reference Rate (TLREF), have also aligned in the 46 percent range

TikTok gets 90-day reprieve as Trump pushes ByteDance divestment deadline

White House lawyers and the Department of Justice believed the extension was on strong legal footing

UAE attracts over $45 billion in FDI in 2024, aims for $354 billion in six years: Sheikh Mohammed

The UAE ranked second only to the U.S. in the number of new FDI projects launched last year

Google contributes over $5.9 billion to UAE economy in 2024: Report

Google’s AI tools significantly enhanced productivity for individuals and enterprises in the UAE 

Bank of England maintains interest rates at 4.25 percent citing a “highly unpredictable world”

Governor emphasized that interest rates are on a gradual downward path for the U.K.

75 percent of new analytics content to leverage GenAI by 2027: Gartner

GenAI-powered analytics will enable dynamic decisions, transforming enterprise software and business processes.

OPEC Fund unveils $720 million financing to support global development initiatives in several countries

A $212 million loan with Oman will improve connectivity through the Khasab–Daba–Lima Road Project 

Bahrain, Russia sign key customs agreement to boost trade ties 

The initiative aims to streamline trade and promote border security between both countries

U.S. Treasury to sell $183 billion in bonds this month

Auction results for two-year, five-year, and seven-year notes will be announced next week 

Future cities in focus: Key takeaways from the final day of ADIS 2025

ADIS 2025 has firmly positioned itself as a leading global forum for infrastructure dialogue, demonstrating Abu Dhabi’s bold and forward-looking urban development agenda

Dubai Multi Commodities Centre sees 7 percent increase in U.S. companies, fueled by recent UAE-U.S. agreements 

DMCC is home to over 45 percent of the estimated 1,500 American companies in the UAE