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Logistics
Pakistan sets sights on $20 billion trade surge with Saudi Arabia
Saudi Arabia-Pakistan trade currently stands at $5.7 billion
Industry
MISA, China’s Goldenport sign $20 million agreement to drive investments in motor sports, automotive sectors
The deal is part of MISA's commitment to enhancing flexibility in licensing procedures and investor services
Hospitality & Tourism
South Korea’s H2O Hospitality establishes regional headquarters in Abu Dhabi
The new headquarters will serve as a catalyst for the company's international expansion beyond Asia
Logistics
ADNOC L&S achieves $620 million in 2023 net profits
A 138 percent YoY increase
Technology
WGS 2024: UAE AI Office partners with Emirates Global Aluminium to accelerate AI adoption in industrial sector
Agreement aims to foster research partnerships for AI, including the development of new aluminum alloys
Economy
113th Arab Economic & Social Council: UAE reiterates support for joint efforts to achieve sustainable economic development
H.E. Bin Touq highlights UAE’s keenness to strengthen Arab level cooperation in new economy sectors
Logistics
AD Ports Group reports $370.28 million in net profit for 2023
Growth primarily driven by the Maritime & Shipping, Ports, Logistics, and Digital Clusters
Banking & Finance
Saudi Arabia’s 2023 budget generates $322.6 billion in revenues
Non-oil revenues in 2023 surged by 11 percent YoY
Markets
Saudi Arabia closes February sukuk issuance at $2.09 billion
Issuance was divided into three tranches
Banking & Finance
Air Arabia sees net profit rise 27 percent to $408 million in 2023
Driven by expanding operations, new routes fuel growth
Logistics
UAE, India forge trans-continental trade corridor agreement
Building bridges, expanding regional connectivity
Technology
WGS 2024: Omar Al Olama launches Building Responsible Artificial Intelligence Forum
AI market to grow by 33 percent in 2024, reaching around $20 billion by 2025
Banking & Finance
WGS 2024: OPEC fund commits $27 billion to support 4,000 development projects in 125 countries
UAE played key role in supporting OFID's sustainable development initiatives
Banking & Finance
WGS 2024: UAE establishes investment and taxation cooperation agreements with Arab countries
UAE Ministry of Finance and World Bank renew advisory services agreement
Economy
Dubai International Chamber supports global expansion of UAE entrepreneurs
Meeting showcases bespoke programs to enhance competitiveness and foster international growth
Bahrain
BCFC and Mastercard partner to launch commercial credit cards in Bahrain
Commercial cards program promises enhanced efficiency and control for businesses
Hospitality & Tourism
Diriyah project attracts $6 billion in private sector investments
Company to break ground on 11 new assets by the end of 2024
Technology
Cisco to launch state-of-the-art cloud data center in the UAE
Center to enhance cybersecurity, connection performance for businesses of all sizes
Hospitality & Tourism
Rua Al Madinah secures contracts worth over $79 million to drive hospitality industry forward
Deals were signed during PIF Private Sector Forum
Saudi Arabia
PIF Private Sector Forum: stc Group signs raft of strategic agreements to enhance local content
Agreements align with the objectives outlined in Vision 2030
Markets
ADGM joins International Forum of Independent Audit Regulators
Strengthening regulatory ties across 56 jurisdictions
Economy
Sheikh Mohammed announces Dubai’s non-oil foreign trade surpassing $544 billion ahead of schedule
Diverse sectors propelled Dubai's economic growth in 2023
Economy
SEF 2024: Invest in Sharjah, SAEED highlight Sharjah’s investment opportunities
Two key players share a joint commitment to empower startups and entrepreneurs
Banking & Finance
Julius Baer to exit private debt business following $689 million Signa losses
Annual profits plummeted 52 percent
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