business

RAKEZ welcomes over 13,000 new companies in 2024, marking impressive 66 percent growth

With this achievement, RAKEZ is now home to nearly 30,000 multinational companies

Oil prices decline 1.2 percent to $77.59 as Trump’s policies, China’s weak data impact market

Oil markets faced pressure from weak PMI data from China, indicating ongoing struggles in business activity

UAE concludes participation in 2025 World Economic Forum: Highlights and impact

The UAE and WEF signed an MoU to establish the Global Regulatory Innovation Platform

Etihad Rail: UAE high-speed train project set to boost GDP by $39.5 billion

The project will enable quick travel and acts as a catalyst for enhanced economic and social integration

WEF 2025: $7.1 billion committed to climate and health, yet most affected countries face challenges

Less than 35 percent of financing from bilateral donors is directed towards these nations

The impact of macroeconomic indicators on forex pairs linked to GCC currencies

Explore how regional macroeconomic indicators affect currency pairs involving GCC currencies like the AED and SAR

UAE’s growth forecast: Strong and steady at 4 percent in 2025, says IMF

Non-hydrocarbon sectors thrive due to tourism, construction, public spending, and growth in financial services

Oil prices fall 0.6 percent to $77.82 as Trump pushes for lower crude prices, higher U.S. production

West Texas Intermediate crude futures dropped 0.6 percent to $74.21 per barrel

WEF 2025: Saudi Arabia’s services trade hits $144 billion with 7 percent annual growth

The services sector represents approximately 65 percent of the world’s GDP

Saudi Arabia achieves record 178 venture capital deals in 2024, retains top rank in MENA region

E-commerce dominated with 33 percent of total funding with a value of $247 million

WEF 2025: UN Secretary-General highlights global threats of climate crisis, unregulated AI

He emphasized international collaboration, citing the Global Digital Compact as a framework for responsible digital technology use