economy

Dubai: Hatta Winter initiative features 30 unique entrepreneurial projects

Pioneering businesses are receiving support to explore growth opportunities and boost their visibility

Saudi Arabia excels at navigating labor market challenges, new report finds

The Kingdom is committed to workforce development under Vision 2030, emphasizing diversification, job creation, and competitiveness

AD Ports appoints Egyptian contractor to build infrastructure for Noatum Ports – Safaga Terminal

The terminal will handle 450,000 TEUs, 5 million tons of dry bulk, and 1 million tons of liquid bulk

OPEC Fund signs first loan agreement with Montenegro for $52 million to enhance climate initiatives

The loan is aimed at enhancing fiscal sustainability and facilitating the green transition in the southeastern European nation

Dubai DET, IHG Hotels & Resorts partner for joint marketing and training initiatives

Both organizations will develop tourism products highlighting Dubai's unique attractions, like cultural tours and seasonal packages

Gold reserves at CBUAE surpass $6.3 billion in Q3 2024

Reserves grew month-on-month by $316.9 million

Crude oil prices fall 0.6 percent following Fed’s 0.25 basis point rate cut

Brent oil futures for February delivery decreased by 0.5 percent to $73.02 per barrel

Abu Dhabi, United States strengthen trade ties under new agreement

Partnership marks a significant milestone in facilitating the import and export of raw materials, services and technology

Emirates NBD launches $500 million sustainability bond on Nasdaq Dubai

The bond is the world’s first SLLB issued under the new ICMA/LMA framework

DP World begins maritime works on $1.2 billion Senegal port

An economic zone is set to be established near the Ndayane port and Blaise Diagne International Airport

UAE launches unified numbers project to enhance data utilization in policy-making

The initiative provides accurate data on GDP, inflation, foreign investment, and infrastructure rankings 

Crude oil prices show little movement ahead of Fed meeting

Brent oil futures for February delivery held steady at $73.20 a barrel

ADGM to launch mobile app for an all-in-one business and lifestyle experience

In collaboration with Hub71, ADIO, Aldar Properties, The Galleria, and Numou

Economy Middle East and ADGM sign MoU announcing return of Economy Middle East Summit in 2025

Building on the inaugural summit's success, this partnership aims to strengthen the UAE's role as a global economic and innovation hub

UAE, global gold prices show minimal movement ahead of Fed meeting

Gold consolidated between $2,600 and $2,700 as traders bought dollars before key central bank meetings

Crude oil prices fall ahead of Fed meeting amid weak Chinese economic data

Brent Oil Futures decreased by 0.2 percent, settling at $73.81 per barrel

Exploring the impact of $6.3 billion investment: ADFD’s 33 development projects in Bahrain

Since 1974, ADFD has been crucial in advancing Bahrain's economy and social development 

Saudi Arabia’s inflation rate hits 2 percent in November 2024, lowest in G20

CPI illustrates fluctuations in prices that consumers pay for a predetermined basket of goods and services, which includes 490 distinct items

Crude oil prices dip amid cautious market sentiment and Fed meeting

Brent Oil Futures expiring in February fell 0.3 percent to $74.28 a barrel

From dry powder to long-term value: Why AI is the future for sovereign wealth funds

With AI, investment institutions can enhance investment life cycle, drive value creation, and streamline internal operations

How the creative economy drives growth in the Middle East

In the UAE, a global creative hub, Dubai Media City is home to a talent pool of over 40,500 creative professionals