economy

UAE, Chile sign CEPA to boost non-oil trade through tariff cuts and eased barriers

The CEPA also seeks to establish new investment and cooperation pathways, allowing private sectors to build partnerships

G20: UAE to double digital economy’s GDP contribution to 19.4 percent with $20 billion investment

This investment signals the UAE's commitment to accelerating the growth and adoption of digital technologies across its economy

UAE and Morocco finalize CEPA to boost goods and services trade through tariff cuts, regulatory reforms

In 2023, the two nations had $1.3 billion in non-oil trade, a 30 percent increase from 2022 and 83 percent more than in 2019

Five Saudi cities shine on IMD Smart City Index 2024: Report

Smart cities in the Kingdom have relied on AI and IoT technologies to enhance quality of life

Oil prices steady on strong U.S. GDP, but headed for third weekly losses

Brent oil futures expiring in September were stable at $82.38 per barrel

Egypt’s economy growth to rebound to 4.99 percent in 2025/26 amid policy tightening 

The country’s growth is projected at 4 percent for FY 2024/2025

Kuwait’s real estate market reports $300.86 million in transactions, 14 percent rise week-over-week

The surge is equivalent to an additional KWD13 million compared to the previous week's trading value of KWD79 million 

Egypt sets sights on $5 billion investment goal with India by 2027

Through renewable energy, green hydrogen, and engineering initiatives

Saudi Arabia’s NEOM awarded $27.7 million cement supply deal with Al Jouf, Webuild

The contract duration is 41 months from the date of signing and is subject to increased quantities