business

ADNOC completes $2.84 billion offering of ADNOC gas shares with 4.4x oversubscription

Offering was priced at AED3.40 per share, roughly 43 percent above the IPO price of AED2.37 per share

Global consumer product sales see slow growth in 2024 as price increases stabilize, volumes improve: Report

Amid declining shareholder returns, consumer products companies must accelerate digital transformation to regain lost ground

Saudi Arabia’s ZATCA urges commercial sector to submit VAT statements for January

The decision applies to those whose annual revenues from goods and services exceed $10.7 million

Oman secures $132.5 million for second phase of Sohar Freezone industrial waste treatment facility

This project will enhance the national economy while advancing sustainability and circular economy goals

UAE GDP growth expected to rise from 4.5 percent to 5.6 percent, outpacing IMF’s 3.2 percent forecast: Report

Growth rate of GCC region is expected to double from 2.1 percent to 4.2 percent in 2025

AlUla Conference for EMEs: Saudi Arabia, IMF emphasize AI’s potential to enhance emerging market productivity

A key theme is the importance of unity and collaboration to strengthen EM economies' resilience and growth

UAE maintains position among world’s top 10 soft powers, defying regional slowdown: Report

The country's Nation Brand has experienced a remarkable increase from $1 trillion to $1.232 trillion

UAE hotels earn $10.1 billion in first 10 months of 2024, marking a 4 percent growth

Hotel occupancy rose to nearly 78 percent, reflecting a 2.7 percent increase from last year

King Salman approves Saudi riyal symbol, reinforcing national financial identity and rich cultural heritage

The decision strengthens the Kingdom's financial identity on local, regional, and international fronts

Saudi Arabia’s GACA reveals integrated digital platform, new corporate identity

The Ajwaa platform is designed to deliver all civil aviation services, facilitating swift and efficient access for users

Qatar pledges $10 billion investment in India to boost economic ties

Both countries agreed to double bilateral trade from $14 billion to $28 billion in five years