Economics

Saudia leads world in on-time flights again

The airline achieved on-time arrival rate of 88.12 percent and on-time departure rate of 88.15 percent

Saudi central bank reports strong growth in reserve assets, reaching $467.4 billion in Q2 2024

The quarter saw a 2.7 percent quarterly increase, adding around SAR46.724 billion to the reserve

Abu Dhabi’s Masdar, Infinity Power to build 200-megawatt wind farm in Egypt

The MoU secures a long-term supply of renewable energy from a large onshore wind project in Ras Ghareb, Egypt

Dubai Chambers, China Construction Bank partner to boost trade and investment cooperation

This deal will foster knowledge sharing and expertise exchange, strengthening support for businesses and investors

GCC’s aviation sector soars as a key economic driver 

Robust infrastructure, strategic location vital to the growth of the industry and the region’s economy

Oil prices sink as China’s economic slowdown fuels demand concerns

Brent crude futures declined by 13 cents, or 0.2 percent, to $79.55 per barrel

Harnessing public-private partnerships to transform local economies  

PPPs attract investments, create jobs and develop new capabilities 

Efficient processes and enhanced investor appeal drive growth in Abu Dhabi 

Abu Dhabi Department of Economic Development recently unveiled the Unified Economic License, a key strategy driving the Emirate's growth 

Ajman Chamber launches strategy to attract investment, foster innovation, and drive economic growth

The Chamber aims for financial sustainability and efficient resource management

Egypt’s private sector fuels 37 percent of investment, driven by 293 reforms

The report shows that 64 percent of measures focused on boosting investment and industry

Oman hits 54 percent of employment target for H1 2024, 14,074 jobs created

The public sector has seen 6,963 individuals employed, representing 69.63 percent of the 10,000 target

DFM, SZSE partner to strengthen UAE-China capital market ties, enhance cross-border investment

This partnership will foster joint initiatives like roadshows, seminars, research collaborations, and training programs