economy

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

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

World Bank announces $700 million in financing for Egypt

The support aims to boost Egypt's private sector, fiscal resilience, and green growth

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

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 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

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

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

Oil prices hover around $85 amid global tensions, inventory shifts

Brent crude futures edged up 2 cents to $85.35 per barrel

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