economy

Kuwait central bank issues bonds valued at $792 million

The issuance is valid for three months, at an income rate of 4.125 percent

ADNOC Drilling greenlights $788 million 2024 dividend, boosts AI-driven expansion

The final shareholder-approved cash dividend payment for 2024 amounts to $394 million

UAE gold prices surge AED2.25, global rates climb over $3,000 on tariff fears

Increased geopolitical tensions in the Middle East heightened the demand for safe havens

Oil prices climb to $71.32 amid Mideast tensions, China’s stimulus

West Texas Intermediate (WTI) crude futures also rose by 0.4 percent to $67.61 per barrel

UK businesses see Middle East as prime investment destination as interest in the region doubles

36 percent of UK business leaders now see the Middle East as a key investment hub for the next five years

UAE National Bonds sees 22 percent growth, portfolio hits $4.3 billion in 2024

Growth is attributed to the rising number of regular savers and the increasing adoption of digital solutions 

Dubai AI Week 2025: Dubai AI Festival returns to discuss responsible AI deployment, transparency and the future of work

The Dubai AI Festival will bring together over 8,000 industry leaders, policymakers and innovators from more than 100 countries

Saudi Arabia’s inflation steady at 2 percent in February, among lowest in G20

The CPI measures the changes in prices paid by consumers for a fixed basket of 490 goods and services

Prince Mohammed bin Salman launches the Saudi Architecture Characters Map to celebrate the Kingdom’s architectural heritage

The first phase of Saudi Architecture will target major projects, government buildings and commercial structures in Al-Ahsa, Taif, Makkah and Abha

Trump says ‘no intention’ to alleviate steel, aluminum tariffs

The U.S. President said reciprocal duties on U.S. trading partners would be implemented alongside auto tariffs

Emirates flights to Riyadh: Retrofitted Boeing 777 to begin daily services soon

The airline aims to enhance passenger experience with new Business Class seats and acclaimed Premium Economy

Saudi Arabia’s stock market rises after S&P upgraded credit rating to ‘A+’

The upgrade is backed by better governance and stronger institutions, enhancing domestic capital markets' depth