economy

Saudi Arabia’s non-oil PMI climbs to three-month high of 57.2 in June as hiring growth surges

Employment levels surged sharply, marking the fastest rate of job creation since May 2011 

UAE’s non-oil sector grows in June despite regional tensions impacting supply chains: PMI

The UAE's PMI rose from 53.3 in May to 53.5 in June, indicating a solid improvement in the sector's health

Abu Dhabi’s SME Champions Program facilitates over 650 deals worth $183 million in 2024

The number of registered companies grew from 835 in 2023 to 2,235 in 2024, with the strategic partner count increasing to 20

Abu Dhabi Securities Exchange partners with HSBC and FAB to launch MENA’s first digital bond

Milestone listing reinforces ADX’s leadership in digital asset innovation and financial market modernization

Saudi Arabia and Indonesia sign deals worth $27 billion in energy, aviation fuel services

Bilateral trade between the two nations reached $ 31.5 billion during the past five years

Dubai 24-carat gold prices rise to AED403.75 as global rates edge up ahead of U.S. payroll data

Investors are now awaiting the non-farm payrolls report on Thursday, which is expected to show an addition of 110,000 jobs in June

Oil prices fall 0.71 percent to $68.62 on concerns over weak U.S. demand

U.S. domestic crude inventories rose by 3.8 million barrels to 419 million barrels last week

BlackRock releases 2025 Midyear Global Outlook amid market uncertainty

BlackRock believes this era offers better opportunities than the relatively static conditions of the past decade

Kuwait introduces multinational entities tax expecting over $819 million in annual revenue

Multinational entities must register by September 30 to comply with the new tax regulations

Saudi Crown Prince approves multiple agreements with Italy, Russia for visa exemptions

Another agreement was signed with Algeria to combat organized crime and enhance security cooperation

Fed’s Powell sparks July rate cut hopes with ambiguous comments

When asked whether July was too soon for a rate cut, Powell responded that he "can't say"

Oman and Egypt sign seven agreements to boost cooperation in trade, investment, labor

Talks aimed at strengthening bilateral relations align with directives from leaders of both nations