business

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

Next edition of World Government Summit set for February 3-5, 2026

Minister Al Gergawi: The 12th WGS strengthened partnerships and shared best practices for effective governance

AD Ports Group posts net profit of $484.6 million in 2024, revenue up 48 percent to $4.7 billion

EBITDA grew 69 percent year-over-year to $1.2 billion, resulting in a 26.1 percent margin

U.S. and India aim for $500 billion bilateral trade by 2030, starting talks to resolve tariff disputes

Both nations are committed to finalizing a mutually beneficial trade agreement in the near future

Estithmar Holding’s revenues rise by 44 percent to $1.15 billion in FY2024

The company's net profit increases by 20 percent to $115.6 million