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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
Economy
Global M&A market falls to $3.2 trillion in 2023
Middle East resilience boosts potential in 2024
Economy
New economic licenses in Abu Dhabi attracted over $57.3 billion in capital investments in 2023
A total of 25,647 new economic licenses were issued in 2023
Economy
ADGM reinforces its presence, launches Information center in Al Reem Island
Strategic move reinforces commitment to the Al Reem Island business community
Economy
Navigating the storm: ACCA reveals SMEs’ challenges and innovations
Critical hurdles and strategic pathways for small and medium-sized enterprises
Industry
UAE’s industrial sector boosts GDP with $54 billion in 2023
Ministry outlines sector's key achievements and milestones in 2023
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