business

Dubai real estate sets all-time record in 2024 with 180,900 transactions worth $142.1 billion

Transaction volume and value grew 36 percent and 27 percent, surpassing 2023's 133,100 sales at $111.9 billion

Abu Dhabi’s Mubadala rises as leading global sovereign investor in 2024

Mubadala and its subsidiaries invested in 2024 $29.2 billion, up from $17.5 billion in 2023

Strong economy boosts UAE stock markets, resulting in $70 billion market cap growth

By the end of 2024, the Dubai and Abu Dhabi stock exchanges' market cap exceeded $1.06 trillion

Saudi women’s labor force participation hits 36.2 percent in Q3 2024

Among Saudi nationals, the labor force participation grew by 0.7 percentage points in Q3 2024, reaching 51.5 percent

Egypt receives first $1.03 billion EU funding installment

Discussions are currently in progress to approve a second tranche of $4.14 billion

Dubai Duty Free posts record $2.15 billion in annual turnover for 2024

December set a record with sales reaching AED821.94 million ($223.8 million)

Saudi Arabia’s public investment funds assets jump 37 percent to $42.6 billion at end of Q3 2024

The subscriber count saw a remarkable increase of 51 percent, translating to nearly 528,000 additional subscribers

UAE gold prices surge to AED319 as market responds to Fed’s outlook

Spot gold rose by 0.3 percent to $2,632.82 per ounce

Oil prices rise to $75.13 following 1.4 million barrel decline in U.S. inventories

Crude oil WTI futures for February delivery also surged 0.7 percent to $71.75 per barrel

Oman’s 8th Ijarah sukuk auction generates $849 million, oversubscribed by three times

The average acceptable return was set at 4.75 percent, with a maximum acceptable return of 4.85 percent and a minimum of 4.6 percent

Egypt approves $131 million agreement with AfDB for private sector development

This approval follows a EUR1 billion EU support initiative endorsement