economy

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

WEF 2025: Saudi Arabia targets 70 million annual tourists and top seven ranking by 2030, says minister

The Kingdom saw a record influx of nearly 30 million international tourists last year

Saudi Arabia’s Diriyah Company marks first participation at WEF 2025, leads urban development discussion

The participation supports the WEF 2025 theme “Collaboration For The Intelligent Age”

Saudi Arabia to see 3.5 to 4.5 percent growth in construction as Europe eyes gradual recovery: Report

Infrastructure projects and government-led construction will drive growth in tourism and leisure sectors

Sheikh Hamdan: Trade is the lifeblood of Dubai’s economy, crucial pillar of its growth

His Highness spoke at Za’abeel Majlis in Dubai, addressing businessmen, traders, and investors

WEF 2025: UAE delegation led by Sheikha Latifa discuss global partnership with founder Klaus Schwab

H.H. Latifa bint Mohammed: Culture a driving force for building vital societies, sustainable economies

Davos 2025: Saudi Arabia calls for nations to put “greater good” first

Saudi Arabia called on the international community to prioritize cooperation and dialogue to overcome challenges

Sheikh Mohamed bin Zayed and Sheikh Mohammed bin Rashid discuss strategies for citizen welfare, national progress

Their Highnesses discussed plans to advance the UAE’s development agenda and national objectives

Oil prices fall 0.3 percent to $78.8 amid Trump policies, U.S. production concerns

West Texas Intermediate crude futures dropped by 0.2 percent, settling at $75.27 per barrel

UAE Central Bank reports gold reserves over $6.6 billion by end of October 2024

This represents a month-on-month increase of 5.5 percent, or $348.5 million

UAE unveils limited edition silver coin to celebrate Central Bank’s 50th anniversary

The CBUAE has issued 3,000 of these commemorative coins, each weighing 60 grams

WEF 2025: UAE companies soar in global brand rankings

ADNOC, Emirates Airlines, and e& set the standard for UAE brand dominance and rapid growth

UAE 2024 sukuk market expands: $14.4 billion issued, $14-15 billion projected for 2025

This is supported by ongoing activities from both banks and corporate entities

e& crowned world’s fastest growing brand as valuation reaches $15.3 billion

Hatem Dowidar once again named 'Telecom Guardian of the Year' in Global 500 2025 Report

WEF 2025: Al Marri says UAE issued 200,000 new economic licenses in 2024 to boost private sector growth

H.E. emphasized UAE’s commitment to non-oil sectors with 100 percent foreign ownership of companies

Oil prices dip to $79.24 amid Trump’s push for increased energy production

Market participants are focusing on upcoming U.S. inventory data for insights into supply dynamics

WEF: New report series explore AI trends, applications across multiple industries

Offering insights for businesses and governments aiming to adopt and scale AI

Global FDI up 11 percent to $1.4 trillion in 2024, moderated growth expected in 2025 amid risks

UNCTAD said growth will be primarily driven by enhanced financing conditions and a rise inM&As

Dubai’s Mashreq expands into Oman with tailored financial corporate services to support Vision 2040

The bank aims to nurture resilient entrepreneurial talent and foster a dynamic, knowledge-driven economy

Saudi Aramco CEO anticipates 1.3 million barrels per day increase in oil demand this year

Oil demand in 2025 is projected at nearly 106 million barrels per day, up from 104.6 million

Saudi Arabia GDP growth rate projected at 4 percent from 2025 to 2027: S&P

Vision 2030 initiatives expected to boost non-oil growth by 10 percent in the Kingdom