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Saudi Arabia boosts maritime sustainability with new multimillion-dollar waste recycling plant in Jeddah
The project, valued at $8 million, will cover an area of 10,000 square meters
Economy
Saudi Arabia sees sharp increase in FDI to $65 billion after pandemic: Report
The Kingdom emerged among West Asia's top recipients
Banking & Finance
Saudi Arabia’s M&A deal volume surges to $955 million in Q1 2024
The chemicals sector accounted for 52.4 percent of the total
Economy
World Bank announces $700 million in financing for Egypt
The support aims to boost Egypt's private sector, fiscal resilience, and green growth
Markets
Oil prices dip as dollar rises, investors await key inflation data
Brent oil futures expiring in August fell 0.4 percent to $84.88 a barrel
Banking & Finance
CBUAE’s gross written premiums up 18.5 percent YoY in Q1 2024 to $5.74 billion
Gross paid claims of all types of insurance plans increased by 18.3 percent YoY to AED8.4 billion in Q1 2024
Bahrain
Bahrain attracts record FDI inflows of $6.8 billion in 2023, with UAE as third biggest contributor
Bahrain's FDI stocks relative to GDP stood at 99.7 percent as of the end of 2023
Economy
Global FDI down 2 percent to $1.3 trillion in 2023: Report
While prospects for 2024 remain challenging, modest growth for the year remains possible
Economy
UK’s BoE leaves 5.25 percent interest rate untouched, pound weakens below 1.27 against US. dollar
Seven MPC members voted to hold the 5.25 percent rate, while two preferred a 0.25 percentage point cut to 5 percent
Markets
Oil prices hover around $85 amid global tensions, inventory shifts
Brent crude futures edged up 2 cents to $85.35 per barrel
Markets
Oil prices decline but remain on course for weekly gains amid OPEC optimism
Brent oil futures expiring in August fell 0.6 percent to $82.22 a barrel
UAE’s ADGM Academy, Ethara sign MoU to develop next-gen Emirati talent
ADGMA and Ethara aim to establish an educational hub that will develop comprehensive training programs
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