economy

Saudi Arabia approves FY2025 budget, forecasts $315.2 billion in revenues

The approved state general expenditures amount to SAR1.285 trillion ($342.07 billion)

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

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

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.

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

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

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

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

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