economy

Dubai tops Arab world, ranks fifth globally in international shipping centre index

Dubai holds the position of the fifth strongest international shipping hub for the fifth consecutive year 

Kuwait Central Bank issues bonds, tawarruq worth $792 million

These issuances have a maturity period of three months, with a yield of 4.375 percent 

SIF 2024 kicks off tomorrow to explore AI’s transformative power in revolutionizing smart economies

Forum's 7th edition boasts an impressive lineup of 17 key partners from leading institutions

Dubai’s Meraas awards $231.4 million construction contract for Bvlgari Lighthouse on Jumeira Bay Island

The luxury project is expected to be completed by the second quarter of 2027 

Saudi Maaden, Bahrain’s Alba ink non-binding deal to explore potential business merger

This collaboration aims to generate synergies that boost production, ESG performance, energy security, and shareholder value

UAE: Aviation Future Week to be held in October

The event will gather UAE ministers, senior officials, and industry leaders from aviation, aerospace, airfreight, MRO, and logistics

Saudi-Egyptian investment protection deal to launch in two months, says PM Madbouly

The trade between Saudi Arabia and Egypt surpassed $33 billion during 2022 and 2023

Saudi Crown Prince and Egyptian Prime Minister discuss bilateral relations, aspects of cooperation

Several prominent figures from both sides were in attendance at the meeting 

Oil prices see modest gains amid rate cut speculations, Hurricane Francine’s supply impact

Brent crude futures set to expire in November climbed 0.2 percent to $72.88 per barrel

Crypto exchange Bybit secures provisional approval from Dubai’s regulator VARA

Bybit launched its sponsorship of the Blockchain for Good Alliance (BGA) at Blockchain Life in April in Dubai 

Saudi Arabia launches ‘Our Guests Are Our Priority’ campaign to improve hospitality standards compliance

The campaign's initial phase centers on media and awareness initiatives that engage various stakeholders in the tourism sector

Qatar’s CPI sees 1.15 percent increase in August 2024

Five categories experienced increases, four saw declines, and three remained stable

Dubai to host ‘The Africa Debate’ on October 31 to boost trade, investment

The event reflects the UAE's commitment to strengthening its economic and trade relationships with African nations

UAE’s investment in clean energy reaches over $12.25 billion, says minister Al Mazrouei

The country has significantly increased its clean energy share to 27.83 percent in 2023, aiming for 32 percent by 2030 

Saudi Arabia’s annual inflation rate stands at 1.6 percent in August 2024, highlighting economic robustness

This stability positions Saudi Arabia's inflation rate among the most dependable globally

S&P affirms Saudi Arabia’s A/A-1 credit rating, citing reforms and non-oil growth

The agency noted that the Kingdom’s outlook improved to ‘positive'

Sheikh Hamdan approves Dubai RDI Grant Initiative to foster scientific advancements, attract global talent

This program aims to fund research projects that will advance Dubai's key economic sectors

Cityscape Global 2024: Discover the Future of Living in Saudi Arabia

This year’s edition will see the premier real estate event introduce new halls and features

Operations and supply chain decarbonization in the Middle East 

Each company faces unique decarbonization challenges, but many struggle to meet ambitious targets

How the UAE and KSA are shaping the future of gaming and esports

Thanks to visionary leadership, cutting-edge infrastructure, and a focus on talent development

Oil prices rise on U.S. rate cut hopes despite weak demand, Chinese data

Brent crude futures for November rose by 3 cents to $71.64 a barrel

Saudi Arabia’s grocery opportunity

Disruption, differentiation and digitization make Saudi Arabia’s grocery sector one of the world’s most exciting — and ripe for change

EFG Hermes KSA: Banking on opportunities in Saudi Vision 2030 and beyond

Since 2019, firm has successfully completed more than 14 IPOs in the Kingdom

Supporting the next generation of private markets professionals in Saudi Arabia

Saudi Arabia seeks to grow private markets by expanding its skilled professional pool