economy

How Saudi Vision 2030’s $1.3 trillion investment is reshaping real estate, infrastructure and tourism

By 2030, more than 1 million new homes are expected to be built, with around 4 percent already finished 

Qatar Airways resumes flights to Saudi Arabia’s Abha, expands NEOM services

The airline will launch two weekly flights to Abha International Airport starting January 2, 2025

Dubai introduces AI Security Policy to strengthen cybersecurity, position UAE as global leader in AI by 2031

This initiative promotes a secure cyberspace, strengthening Dubai's digital infrastructure and global cybersecurity leadership

Oil prices soar amid hurricane Francine disruptions, ending weekly decline despite demand concerns

Brent crude futures climbed by 34 cents, or 0.5 percent, reaching $72.31 per barrel

UAE’s Sheikh Mohammed bin Rashid, King of Bahrain discuss in Abu Dhabi strong and longstanding relations between two countries

His Highness and His Majesty discussed advancements in cooperation, and the need for better collaboration for mutual development

European Central Bank lowers interest rates again as inflation declines

The ECB's meeting precedes the Federal Reserve, which appears ready to start its own rate cuts

Dubai’s dnata wins contract with Royal Jordanian at New York JFK

dnata's team aims to enhance the travel experience for 125,000 passengers on Royal Jordanian’s 360 annual flights 

Gross banks’ assets surpass $1.16 trillion by end of June 2024, reports UAE Central Bank

Gross credit rose by 1.1 percent to AED2,100.9 billion by the end of June 2024

Kuwait-India non-oil trade surpassed $2 billion in 2022, says Chamber

The Chamber highlighted that Kuwait and India's relationship extends beyond business due to their historical ties

UAE’s AD Ports awards $114.34 million crane contracts to ZPMC for terminal projects in Africa

Terminals will get three Super Post-Panamax STS cranes, servicing 21 container rows over 60 meters

Abu Dhabi’s NMDC Energy starts trading on ADX following 31.3 times IPO oversubscription

The offering comprised 1.15 billion shares of the company, 23 percent of total capital, priced at AED 2.8 each

AI to contribute $100 billion to UAE’s GDP by 2030

The UAE is solidifying its status as a leading player in the global AI landscape, says Astra Tech founder