economy

DIEZ boosts contributions to national economy as net profit surges 35.5 percent in 2024

In 2024, DIEZ saw a 9 percent annual growth in the number of registered companies operating within its economic zones

Investopia 2025 to kick off on February 26 and 27, exploring finance opportunities in global economic landscape

This year's Investopia, themed ‘Harnessing MegaForces,’ features 100 speakers and 2,000 participants from 20 countries

UAE gold prices rise AED1.25 as global rates near record high on weaker U.S. dollar

Markets are focusing on Friday's PCE report, the Federal Reserve's preferred inflation measure

Oil prices fall 0.3 percent to $74.24 amid weak U.S. economic data

West Texas Intermediate (WTI) crude futures fell 0.4 percent to trade at $69.97 per barrel

Abu Dhabi, China bolster economic and business ties with key agreements

A strategic cooperation agreement was signed between the Abu Dhabi Government and the Shanghai Municipal People's Government

Leaders of GCC states, Egypt, and Jordan convene in Riyadh to strengthen coordination and consultation

The UAE President thanked King Salman and Crown Prince for organizing the dialogue

ADNOC completes $2.84 billion offering of ADNOC gas shares with 4.4x oversubscription

Offering was priced at AED3.40 per share, roughly 43 percent above the IPO price of AED2.37 per share

Global consumer product sales see slow growth in 2024 as price increases stabilize, volumes improve: Report

Amid declining shareholder returns, consumer products companies must accelerate digital transformation to regain lost ground

Saudi Arabia’s ZATCA urges commercial sector to submit VAT statements for January

The decision applies to those whose annual revenues from goods and services exceed $10.7 million

Oman secures $132.5 million for second phase of Sohar Freezone industrial waste treatment facility

This project will enhance the national economy while advancing sustainability and circular economy goals

UAE President to commence state visit to Italy on February 24

Discussions will focus on strengthening bilateral cooperation between the UAE and Italy

Oil prices set for 3 percent weekly gain on Russia supply concerns, strong U.S. demand

The EIA reported on Thursday that U.S. crude oil stockpiles rose, while gasoline and distillate inventories fell last week