business

Abu Dhabi’s Alef Education’s ADX IPO draws $20 billion in orders, 39x oversubscription

Abu Dhabi’s Alef Education’s ADX IPO draws $20 billion in orders, 39x oversubscription

Market cap on listing seen at $2.57 billion

UAE’s non-oil private sector resilient in May, PMI holds steady at 55.4: Report

UAE’s non-oil private sector resilient in May, PMI holds steady at 55.4: Report

Firms in the UAE experienced a record increase in outstanding business levels in May, the report highlighted

OPEC oil output rises in May, reaching 26.63 million barrels per day

OPEC oil output rises in May, reaching 26.63 million barrels per day

This represents an increase of 145,000 bpd from April

Oman’s foreign trade exchange surges 12.8 percent in Q1 2024, transactions reach $26.7 billion

Oman’s foreign trade exchange surges 12.8 percent in Q1 2024, transactions reach $26.7 billion

Oman's trade balance rose 35 percent to $6.75 billion in the same quarter

Oman sovereign wealth fund’s assets reach $49.9 billion in 2023, up 7.4 percent YoY

Oman sovereign wealth fund’s assets reach $49.9 billion in 2023, up 7.4 percent YoY

The return on investment for 2023 stood at 9.95 percent

Qatar’s non-oil private sector posts robust growth with 53.6 PMI in May

Qatar’s non-oil private sector posts robust growth with 53.6 PMI in May

Output and new orders increased at the fastest rates since Q3 2023

Kuwait’s non-oil private sector sees strongest growth in nearly 4 years, PMI reaches 52.4 in May: Report

Kuwait’s non-oil private sector sees strongest growth in nearly 4 years, PMI reaches 52.4 in May: Report

The growth rates exceeded those of the post-COVID recovery in mid-2020

Dubai invests over $844 million in Senegal over 13 years: CEO of Dubai Chambers

Dubai invests over $844 million in Senegal over 13 years: CEO of Dubai Chambers

These investments have created more than 1,200 jobs in the Senegalese market

Egypt targets $30 billion in foreign direct investment in 2024/25 budget

Egypt targets $30 billion in foreign direct investment in 2024/25 budget

The country's general budget indicators show that total revenues are expected to be EGP2.6 trillion

Bahrain’s women empowerment index rises 30.6 percent since 2018, 50 percent surge in workplace and pension indicators: Report

Bahrain’s women empowerment index rises 30.6 percent since 2018, 50 percent surge in workplace and pension indicators: Report

The Kingdom achieved a full 100 score on expert opinions related to women starting and running a business

Egypt’s economy forecast to grow by 4.2 percent in 2025 on increased investment, exports, and consumer spending

Egypt’s economy forecast to grow by 4.2 percent in 2025 on increased investment, exports, and consumer spending

The pound devaluation and foreign investments alleviated the country’s currency crisis

UAE’s GDP reaches $457.38 billion in 2023, 3.6 percent growth from previous year: Minister

UAE’s GDP reaches $457.38 billion in 2023, 3.6 percent growth from previous year: Minister

The non-oil GDP stood at $340.3 billion, up 6.2 percent compared to 2022