business

Trump proposes 50 percent tariffs on EU as Apple risks 25 percent unless manufacturing moves to U.S. 

Trade discussions between Trump’s administration and the EU have been described as going nowhere

ADGM to host 2026 IBA Arbitration Day, cementing UAE’s role in cross-border dispute resolution

The International Bar Association (IBA) has announced that Abu Dhabi will host the 27th Annual IBA Arbitration Day, scheduled for January 28–29 2026

Eid al-Adha 2025: How the festival fuels economic growth across the GCC and globally

Intra-GCC tourism peaks during Eid, enhancing hospitality and entertainment sectors across multiple countries.

Dubai Chambers reports surge in service excellence program participation

The Service Excellence Program forms part of Dubai Chambers’ broader vision to elevate service standards

Saudi Arabia unveils TOURISE to redefine global tourism by uniting visionary leaders across sectors

This initiative represents a significant step towards sustainable growth in the global tourism industry

Egypt’s central bank cuts interest rates as growth accelerates, inflation slows

The MPC has adjusted the overnight deposit rate to 24 percent and lending rate to 25 percent 

Mastercard launches cyber resilience center to enhance digital security in Saudi Arabia

Three pillars focus on education, best practices, and risk assessments to boost cyber defenses 

Make it in the Emirates 2025: ADNOC awards $147.8 million in contracts for locally made industrial products

Contracts to nine suppliers showcase ADNOC's commitment to local manufacturing initiatives

Make it in the Emirates 2025 emphasizes prioritizing energy efficiency in manufacturing for a net-zero UAE

The UAE’s industrial sector accounts for around 60 percent of total national energy consumption

Saudi Arabia launches AI incubator to propel startup growth, digital economic development

The new incubator supports AI startups, enhancing Saudi Arabia's position as a regional innovation hub 

Qatar tourism contributes $15.1 billion to GDP in 2024 with 12 percent 2030 target

International visitors spent nearly $11 billion, with a 25 percent increase in arrivals noted

Saudi Arabia and Spain partner to boost joint projects, economic collaboration

Key areas of cooperation include economic modeling, support for SMEs, and joint project facilitation