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Energy
Oil prices dip as Israel-Lebanon ceasefire reduces risk, while U.S. inventory draws boost supply optimism
Brent oil futures expiring in January fell 0.2 percent to $72.70 a barrel
Banking & Finance
Saudi Arabia approves FY2025 budget, forecasts $315.2 billion in revenues
The approved state general expenditures amount to SAR1.285 trillion ($342.07 billion)
Markets
Crypto market cap plummets by $182 billion as Bitcoin ETFs face $435 million in outflows
Outflows sharply contrast with last week's $3.3 billion in Bitcoin ETF inflows, where IBIT captured over 60 percent
Logistics
Saudi Arabia sets world record for largest food cluster with $5.3 billion investment to create 43,000 jobs by 2035
Over the next ten years, the Jeddah Food Cluster is expected to contribute SAR8 billion to national exports and add SAR7 billion to the nation's GDP
MENA
UAE launches initiative to train 5,000 Emirati students in future digital technologies
The initiative supports Dubai's vision to empower Emirati talent and strengthen the digital economy.
Economy
UAE’s non-oil economy to grow 4.7 percent in 2024, says UBS
The UAE's real estate sector is expanding, with residential sales up by 60 percent and mortgage applications increasing
Economy
Ras Al Khaimah ranks 1st globally in Expat Essentials Index, 2nd in Working Abroad Index
Almost three in four respondents in Ras Al Khaimah find it easy to secure housing, compared to just 45 percent globally
Hospitality & Tourism
Riyadh Season draws 8 million visitors so far, setting new record
This growth stems from the diverse events and entertainment options that have sparked significant interest
Energy
Oil prices plunge amid ceasefire hopes, dollar surge
Brent oil futures set to expire in January dropped by 0.3 percent to $72.80 per barrel
MENA
Riyadh’s 98 percent occupancy in premium offices highlights strong demand from global companies: Report
This influx has driven rental prices up by 19 percent year-on-year
Industry
Dubai Industrial City marks 20 years as premier manufacturing and logistics hub in the Middle East
Dubai Industrial City is expanding, adding 13.9 million sq. ft. of industrial land this year
Energy
Oil prices climb amid Russia-Ukraine tensions and Norwegian supply disruptions, marking a positive week for crude
Brent oil futures for January delivery rose 0.4 percent to $74.54 a barrelÂ
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