economy

What you should know about Trump’s Department of Government Efficiency, led by Musk and Ramaswamy

Trump stated that DOGE aims to cut excessive regulations, reduce wasteful spending, and reorganize federal agencies 

Global spending on AI reaches over $120 billion in 2023: SDAIA

SDAIA Director of National Information Center noted that over 72 percent of organizations use AI for operational excellence

Dubai International Chamber attracts 157 multinational companies, SMEs from Q1 to Q3 of 2024

The Chamber successfully supported 75 local companies expanding into global markets

Oil prices steady as traders assess Russia-Ukraine conflict, U.S. inventory gains

Brent oil futures for January delivery held steady at $73.31 a barrel

Abu Dhabi’s TAQA, JERA and Al Bawani to develop two new highly efficient power plants in Saudi Arabia

These agreements will enable two new CCGT projects in Saudi Arabia with over 3.6 gigawatts capacity 

G20: Crown Prince of Abu Dhabi engages in talks with Presidents of France, Egypt, and South Africa

Yesterday, Sheikh Khaled also engaged in official discussions with Brazilian President Luiz Inácio Lula da Silva

Over 51,000 companies join Dubai Chamber of Commerce in 9M 2024, up 4 percent annually

Chamber reviewed 154 laws and draft laws in cooperation with business groups, resulting in an adoption rate of 46 percent

ADX executes $40.56 million deal in IHC shares

This transaction consisted of 360,000 IHC shares, each priced at AED414

Ras Al Khaimah Ruler visits China’s Guangdong Province to boost ties in key sectors

The Ras Al Khaimah delegation will sign an agreement that focuses on promoting exchange and cooperation in several areas

G20 summit: UAE allocates $100 million to support alliance against hunger, poverty

Sheikh Khaled highlighted the UAE’s dedication to supporting global initiatives to combat hunger and poverty

UAE sustains role as key regional hub for trade, business, travel: World Bank

This prominence is due to the country's successful economic diversification and reduced reliance on oil 

Oil prices rise slightly as Norway’s Johan Sverdrup oilfield halts production amid escalating conflict in Ukraine

Brent crude futures for January delivery increased by 15 cents, or 0.2 percent, reaching $73.45 a barrel