business

New regulations issued for endowment companies in Abu Dhabi

The resolution establishes a secure framework for family businesses, ensuring sustainability and growth while supporting investment in key sectors

Dubai’s Emaar Properties posts $9.7 billion in revenue, $5.1 billion profit following record year

Property sales reached $19 billion, a 72 percent increase from $11 billion in 2023 

WGS 2025: UAE extends Arab Government Excellence Award for another four years

This award promotes enhanced performance leadership in the public sector throughout the region

Brazil to host BRICS summit in Rio de Janeiro in July

This event highlights Brazil's leadership as it sets the agenda for the upcoming BRICS summit

GASTAT: Saudi Arabia’s inflation rate hits 2.0 percent in January 2025

GASTAT highlighted that the Kingdom's inflation rate is considered the lowest among the G20 countries

Oil prices steady at $74.76 as Trump tariffs loom, Russia-Ukraine peace talks emerge

Crude Oil WTI Futures expiring in March were similarly muted at $70.69 a barrel

Smart Rent Index mitigates inflation in Dubai, enhances market transparency

The index sets rent increases using rental contracts, area averages, and building classifications

Abu Dhabi’s Alef Education sustains strong growth in 2024, achieves revenues of $206.6 million

The company saw a 6 percent rise in profit before tax to $133.9 million, driven by strong contracts

New creative district in Riyadh targets growth in creative economy, GDP

This initiative seeks to create a vibrant ecosystem for creative professionals and emerging talent to collaborate on content and drive innovation.

UAE firms can now open Abu Dhabi branches without physical premises for a year, says ADDED

Decision seeks to streamline business processes and give firms easy access to the many business opportunities across Abu Dhabi

Saudi Arabia and Tanzania sign trade agreements, establish joint business council

In 2023, trade volume between Saudi Arabia and Tanzania reached SAR5.5 billion