Economics

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

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

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

Saudi Arabia’s labor regulations amendments take effect to enhance job stability, market efficiency

The amendments modify 38 articles, remove 7, and introduce 2 new articles to the regulations

Saudi Crown Prince meets Russian Direct Investment Fund Chief, discuss bilateral investment coordination

Riyadh hosted on Tuesday discussions between Russian and U.S. representatives

UAE gold prices surge AED2.25 amid global decline, Russia-Ukraine peace talk hopes

Spot gold dropped 0.2 percent to $2,928.52, while U.S. gold futures fell 0.1 percent

Oman’s GDP rose 1.9 percent in H1 2024, fueled by 3.6 percent non-oil growth: Central Bank

Despite global challenges, the Omani economy has demonstrated resilience in handling various economic shocks

UAE and Ukraine explore investment opportunities following CEPA signing, issue joint statement

CEPA aims to add about $369 million to UAE's GDP and $874 million to Ukraine's GDP

U.K. Minister pledges to strengthen ties with Saudi Arabia as bilateral trade hits $21 billion

Over 60 U.K. companies have regional headquarters in Saudi Arabia, employing around 30,000 British workers

WGS 2025: UAE extends Arab Government Excellence Award for another four years

This award promotes enhanced performance leadership in the public sector throughout the region