economy

GCC economic growth to rise to 4 percent in 2025 despite trade headwinds: ICAEW

Gradual oil output hikes in the GCC region will generate oil-sector growth of 3.2 percent this year, following two years of contraction

Air Arabia shareholders approve 25 percent dividend after $435.6 million profit before tax

In 2024, Air Arabia added 31 new routes from its hubs in the UAE, Morocco, Egypt, and Pakistan

Kuwait central bank issues bonds valued at $792 million

The issuance is valid for three months, at an income rate of 4.125 percent

ADNOC Drilling greenlights $788 million 2024 dividend, boosts AI-driven expansion

The final shareholder-approved cash dividend payment for 2024 amounts to $394 million

UAE gold prices surge AED2.25, global rates climb over $3,000 on tariff fears

Increased geopolitical tensions in the Middle East heightened the demand for safe havens

Oil prices climb to $71.32 amid Mideast tensions, China’s stimulus

West Texas Intermediate (WTI) crude futures also rose by 0.4 percent to $67.61 per barrel

UK businesses see Middle East as prime investment destination as interest in the region doubles

36 percent of UK business leaders now see the Middle East as a key investment hub for the next five years

UAE National Bonds sees 22 percent growth, portfolio hits $4.3 billion in 2024

Growth is attributed to the rising number of regular savers and the increasing adoption of digital solutions 

Dubai AI Week 2025: Dubai AI Festival returns to discuss responsible AI deployment, transparency and the future of work

The Dubai AI Festival will bring together over 8,000 industry leaders, policymakers and innovators from more than 100 countries

Saudi Arabia’s inflation steady at 2 percent in February, among lowest in G20

The CPI measures the changes in prices paid by consumers for a fixed basket of 490 goods and services

Prince Mohammed bin Salman launches the Saudi Architecture Characters Map to celebrate the Kingdom’s architectural heritage

The first phase of Saudi Architecture will target major projects, government buildings and commercial structures in Al-Ahsa, Taif, Makkah and Abha

Trump says ‘no intention’ to alleviate steel, aluminum tariffs

The U.S. President said reciprocal duties on U.S. trading partners would be implemented alongside auto tariffs