economy

Madinah’s tourism sector posts 18.7 percent growth as visitor numbers surge to 18 million

The growth in Madinah's tourism sector aligns with Saudi Arabia's broader strategy for attracting 150 million visitors by 2030

Turkey central bank holds interest rates at 46 percent amid geopolitical tensions

Market rates, such as the Turkish Lira Overnight Reference Rate (TLREF), have also aligned in the 46 percent range

Saudi Arabia’s PIF launches new company to build, operate facilities of Expo 2030 Riyadh

Company plans to lead the transformation of the Expo’s gated area into a global village to serve as a multicultural hub

UAE attracts over $45 billion in FDI in 2024, aims for $354 billion in six years: Sheikh Mohammed

The UAE ranked second only to the U.S. in the number of new FDI projects launched last year

Google contributes over $5.9 billion to UAE economy in 2024: Report

Google’s AI tools significantly enhanced productivity for individuals and enterprises in the UAE 

Bank of England maintains interest rates at 4.25 percent citing a “highly unpredictable world”

Governor emphasized that interest rates are on a gradual downward path for the U.K.

75 percent of new analytics content to leverage GenAI by 2027: Gartner

GenAI-powered analytics will enable dynamic decisions, transforming enterprise software and business processes.

OPEC Fund unveils $720 million financing to support global development initiatives in several countries

A $212 million loan with Oman will improve connectivity through the Khasab–Daba–Lima Road Project 

World Bank projects stronger medium-term growth across GCC economies

The GCC's rebound is expected to be fueled by the phasing out of OPEC+ oil production cuts and continued expansion in non-hydrocarbon sectors

Bahrain, Russia sign key customs agreement to boost trade ties 

The initiative aims to streamline trade and promote border security between both countries

U.S. Treasury to sell $183 billion in bonds this month

Auction results for two-year, five-year, and seven-year notes will be announced next week 

ADPIC signs MoUs with top UAE universities to boost infrastructure innovation

The partnerships underscore ADPIC's commitment to fostering innovation, developing local talent, and enhancing knowledge exchange