economy

Oman’s 8th Ijarah sukuk auction generates $849 million, oversubscribed by three times

The average acceptable return was set at 4.75 percent, with a maximum acceptable return of 4.85 percent and a minimum of 4.6 percent

Egypt approves $131 million agreement with AfDB for private sector development

This approval follows a EUR1 billion EU support initiative endorsement

Kuwait Central Bank issues $792 million bond, tawarruq

CBK said that the issuance period is three months with a return rate of 4.125 percent

UAE gold prices stable at AED315.15 amid thin year-end trading, set for strong annual gains

22-carat gold stood at AED 292.25, 21-carat gold was priced at AED 283, while 18-carat gold was at AED 242.50

Oil prices rise to $74.51 following Chinese manufacturing data, but set for yearly decline

WTI futures for February delivery also saw a 0.7 percent increase, reaching $71.05 per barrel

How UAE is leading in industrial growth and economic diversification

The sector has boosted sustainable growth, competitiveness, and contribution to the nation's GDP

Saudi Arabia’s net FDI inflows rise 37 percent to $4.26 billion in Q3 2024

Net FDI inflows declined 24 percent year-on-year from SAR21.1 billion during the third quarter of 2023

Qatar: Private sector exports hit $701.6 million in Q3 2024

This reflects a modest decline of 2.5 percent from QAR2.62 billion ($718 million) in Q2 2024

UAE’s real GDP grows 3.6 percent to $239.5 billion in H1 2024

The contribution of non-oil sectors to the country's GDP reached 75 percent

Qatar Tourism: Five million visitors welcomed in 2024

A 25 percent increase in international arrivals compared to 2023

ADNOC’s ICV Program to drive $54.45 billion into UAE economy over next 5 years

In 2024, the company reinvested AED55 billion into the UAE’s economy and created 5,500 jobs for UAE Nationals

UAE: Economic Content Creators Program explores engaging storytelling techniques in second week

Training sessions impart knowledge on simplifying complex data to create compelling narratives