business

Egypt targets 5-6 percent GDP contribution from mining sector

The minister announced plans to launch a Mineral Resources Portal and offer mining areas for investment in 2025 

Egypt’s net foreign reserves surge to $47.109 billion in December 2024

At the close of August 2024, Egypt's net international reserves reached $46.597 billion

BRICS bloc officially welcomes Indonesia as new member

Indonesia joining BRICS enhances collaboration with developing nations based on equality and sustainable development

Qatar Chamber issues 154,778 transactions in 2024, up 67 percent

These transactions comprised 50,262 certificates of origin, with 49,405 being issued electronically

Saudi Arabia’s Q4 2024 sees 67 percent rise in commercial registrations, surpassing 160,000

This increase showcases notable growth and advancement in the Kingdom's commercial environment

Abu Dhabi establishes registration authority to strengthen business sector, introduce new licenses

The entity will develop a unified database for economic establishments in the emirate and its non-financial free zones

Oil prices decline to $76.22 as economic data overshadows supply concerns

U.S. West Texas Intermediate (WTI) crude dropped by 15 cents, or 0.19 percent, to $73.42

How economic growth, rise of AI fuel dynamic labor market in UAE

The country sets a global standard in protecting workers' rights and providing a secure and stable work environment

Dubai awards $108.9 million contracts for second phase of Al Mamzar Beach Development Project

This phase focuses on improving the Al Mamzar Corniche beachfront, and is expected to finish by end of 2025

Saudi Arabia endorses 2025 annual borrowing plan with $37 billion funding target

This plan outlines key public debt developments for 2024, local market enhancements, and the 2025 funding strategy