economy

U.S. reduces tariff on South Korean imports to 15 percent, down from 25 percent

The new tariff aligns South Korea's exports with those of Japan and the European Union.

IBM report: Middle East data breach costs fall 18 percent in 2025

The report attributes the decline to key mitigation strategies increasingly adopted by regional businesses, including AI and machine learning-driven insights

Saudi Arabia’s GDP to grow 3.5 percent over 2025-2028 despite oil market fluctuations, says S&P

S&P expects Saudi Arabia's non-oil sector to increase its contribution to the GDP from 47 percent in 2018 to 52 percent in 2028

China-Arab trade volume hits $407.4 billion in 2024, up 2.3 percent YoY

Energy imports from Arab nations account for 38 percent of China's needs

China-U.S. trade tensions could boost Chinese exports to Europe, reduce inflation: ECB

ECB estimates suggest that a 10 percent rise in Chinese imports would create an oversupply of 1.3 percent of total goods consumption

Emirates, IHG Hotels & Resorts partner to support SMEs in global travel

The partnership aims to provide exclusive rewards and value-added benefits for business travel.

UAE introduces advertiser permit to enhance quality, transparency in digital advertising practices 

New framework supports content creators and boosts investment appeal in the UAE media sector

UAE’s non-oil foreign trade achieves record 24 percent growth to $462.8 billion in H1 2025

Sheikh Mohammed emphasized the significance of these figures for the UAE's economic future

Online retail evolves as Middle East shoppers embrace more strategic shopping

From extended sales events to fast delivery and digital memberships, Stefano Martinelli, vice president of Amazon MENA, explains how Amazon is adapting to more intentional, value-driven shopping behaviors in the region

Critical week ahead for stocks: What investors need to know

Investors navigate uncertainties with the Fed's potential interest rate cuts looming large this week

ADNOC Drilling reports strong H1 2025 results with $692 million net profit

In 2025, ADNOC Drilling secured approximately $4.8 billion in new contracts — its strongest-ever backlog addition