economy

Oil prices decline to $80.77 from four-month high amid U.S. sanctions on Russian exports

Crude oil WTI futures for March also fell by 0.3 percent, reaching $77.12 per barrel

Saudi Ports Authority drives growth in 2024, strengthens Kingdom’s position as global logistics hub

In 2024, Saudi Arabia rose to 15th in global container handling, according to Lloyd’s List

UAE tech industry poised for record growth in 2025 with $3.8 billion revenue increase

The tech sector will expand in AI, cloud computing, and emerging technologies like blockchain and IoT

IMF forecasts steady global economic growth, continuing disinflation in 2025

Georgieva noted that the U.S. economy is performing "quite a bit better" than anticipated

UAE Creators HQ launches with vision to empower 10,000 content creators

This initiative aims to unite global content creators and industry leaders, making the UAE a top digital media destination

Global economic growth to remain at 2.8 percent in 2025, says UN

Western Asia's economy is set to strengthen to 3.5 percent in 2025, driven by improved prospects in Saudi Arabia and Türkiye

Oil prices surge to $81.22 due to potential supply disruptions, cold weather

Crude oil WTI Futures expiring in March increased by 1.7 percent, hitting $77.06 a barrel

UAE, Brazil formalize mineral exploration MoU for energy and mining collaboration

The UAE is Brazil's second-largest Middle Eastern trade partner, with $2.64 billion in non-oil trade in early 2024

Oil prices rise by 0.4 percent driven by increased heating fuel demand, cold weather across U.S.

Brent oil futures set to expire in March climbed by 0.4 percent to reach $77.22 per barrel

Kuwait launches new international telecom portal with 100 gigabit capacity

The cable will be a trusted option for big companies and international service providers 

Ten startups selected for second edition of MIT DesignX Dubai Accelerator

The program features a comprehensive curriculum crafted by MIT, which has proven successful in its first cohort

PIF invests $200 million in first globally listed Saudi ETF

This move is anticipated to further enrich the Saudi market.