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economy
Logistics
AD Ports Group reports $370.28 million in net profit for 2023
Growth primarily driven by the Maritime & Shipping, Ports, Logistics, and Digital Clusters
Banking & Finance
Saudi Arabia’s 2023 budget generates $322.6 billion in revenues
Non-oil revenues in 2023 surged by 11 percent YoY
Economy
Oil and beyond: The Middle East economies’ path to new horizons
Region expected to grow by less than 3 percent in 2024
Markets
Saudi Arabia closes February sukuk issuance at $2.09 billion
Issuance was divided into three tranches
Banking & Finance
Air Arabia sees net profit rise 27 percent to $408 million in 2023
Driven by expanding operations, new routes fuel growth
Logistics
UAE, India forge trans-continental trade corridor agreement
Building bridges, expanding regional connectivity
Technology
WGS 2024: Omar Al Olama launches Building Responsible Artificial Intelligence Forum
AI market to grow by 33 percent in 2024, reaching around $20 billion by 2025
Banking & Finance
WGS 2024: OPEC fund commits $27 billion to support 4,000 development projects in 125 countries
UAE played key role in supporting OFID's sustainable development initiatives
Banking & Finance
WGS 2024: UAE establishes investment and taxation cooperation agreements with Arab countries
UAE Ministry of Finance and World Bank renew advisory services agreement
Economy
Egypt’s 50 percent minimum wage hike to take effect in March
President implements urgent social protection package amidst currency concerns, IMF talks
Economy
UAE’s outlook soars as S&P predicts 5.3 percent GDP growth in 2024
Robust expansion in sight fueled by diverse sectors and stable banking environment
Hospitality & Tourism
Diriyah project attracts $6 billion in private sector investments
Company to break ground on 11 new assets by the end of 2024
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