economy

Saudi Arabia leads MENA IPO market as proceeds reach $2.4 billion with 106 percent YoY growth

Saudi Arabia recorded 12 out of 14 listings in the MENA region during this quarter

Saudi Arabia, U.S. to sign landmark mining pact advancing Vision 2030

HRH Saudi Crown Prince Mohammed bin Salman chaired a Cabinet session highlighting this crucial partnership initiative

Visa and Whish Money partner to elevate digital payment solutions across Lebanon, international markets

The collaboration enables Whish Money to integrate Visa’s advanced payment technologies for improved services

Crude oil prices climb to $62.73 as market focuses on U.S.-China trade talks

Crude stocks fell by 4.5 million barrels recently, with analysts expecting further declines in inventories

Dubai 24-carat gold prices up AED2.25; global rates retreat amid U.S.-China trade optimism

Spot gold declined by 1.2 percent to $3,388.67 an ounce after a strong previous session.

Trump’s tariffs propel U.S. trade deficit to record high $140.5 billion in March

Imports rose 4.4 percent to an all-time high of $419.0 billion in March

Dubai’s du posts 19.8 percent net profit increase with Q1 revenues growing to $1.03 billion

Q1 EBITDA surged by 15.0 percent, achieving a remarkable margin of 47.4 percent.

Dubai accelerates toward tier-1 global city status, surpassing global peers in infrastructure

Most stakeholders believe the emirate will achieve full tier-one status within 5-10 years

UAE’s ADNOC raises $1.5 billion through debut sukuk

Net proceeds will support ADNOC Group for general corporate purposes and funding diversification

Alpha Dhabi Holding reports $1.2 billion adjusted EBITDA, $4.7 billion revenue growth of 23 percent

Company’s diverse portfolio has been crucial for driving revenue growth and enhancing profitability

Dubai Chamber of Commerce members’ exports, re-exports hit $23.41 billion in Q1 2025

The chamber revealed that 18,160 new companies joined during the three-month period