economy

Shurooq’s premier hospitality destinations ranked among top 10 percent of hotels for 2025

Ranking is based on quality and excellence, featuring unique stays and world-class culinary offerings.

UAE-U.S. clean energy partnership aims to mobilize $100 billion by 2035

Abu Dhabi’s Masdar targets a clean energy portfolio of 25GW in the U.S. over the next decade 

Saudi Arabia’s wholesale inflation hits 6-month high at 2.0 percent in April 2025

Agricultural and fishery product costs surged, leading to the acceleration in wholesale price inflation

Trump’s UAE visit may unveil $100 billion AI deal, create 20,000 new jobs

Cooperation will expand in key areas such as technology, energy, and innovation between the nations

UAE-U.S. partnership marks half century with $32.8 billion bilateral non-oil trade milestone

The U.S. is the UAE’s 6th largest trade partner, accounting for 4 percent of non-oil trade

Oil prices fall over $1 on oversupply risks as U.S. stockpiles build

U.S. crude stockpiles rose by 3.5 million barrels to 441.8 million barrels in the week ended May 9

Trump, Qatar seal $1.2 trillion deal focusing on aviation, energy and tech

Qatar Airways signed a $96 billion agreement with Boeing and GE Aerospace to acquire up to 210 aircraft

U.S. President departs Riyadh following a ‘historic’ visit

Key discussions centered on defense, energy, technology, and space collaborations between the nations

Abu Dhabi, Saudi Crown Princes discuss bilateral cooperation at GCC-U.S. Summit

Meeting highlighted strong bonds between UAE and Saudi Arabia

GCC-U.S. Summit: Saudi Crown Prince highlights $120 billion trade volume with U.S.

The Middle East is experiencing a historic transformation under Saudi leadership, said U.S. President Trump

GCC-U.S. Summit kicks off in Riyadh amid rising economic ties

Summit coincides with President Trump’s visit, focusing on economic, trade, and security issues

Qatari Amir arrives in Riyadh for GCC-U.S. Summit

The summit aims to enhance Gulf cooperation and deepen the strategic U.S. partnership