economy

Saudi flynas plans IPO with 51.26 million ordinary shares, 30 percent of total capital

IPO will include 33.83 million existing shares sold by current shareholders and treasury stock 

DMCC launches new SPV and holding licenses to boost business flexibility in Dubai

New licenses eliminate physical office lease requirements, providing cost-effective solutions for modern businesses 

Dubai’s Jafza celebrates 40 years and $30 billion in investment as key trade hub in emirate

Sheikh Hamdan emphasizes Jafza's importance in Dubai’s developmental journey as a trade hub

Emirates to connect Dubai and China’s Hangzhou with new daily flights starting July 30

The new service will operate with a Boeing 777-300ER, offering 2,478 weekly seats

Crude oil prices rebound to $61.20 as price drop sparks buying; oversupply concerns persist

Brent crude futures reached $61.20, while U.S. West Texas Intermediate settled at $58.05 a barrel

Dubai 24-carat gold prices up AED8; global rates surpass $3,360 amid safe-haven demand

Market analysts predict that any dovish signals from the Fed could further support gold prices

UAE and Croatia explore opportunities in new economy, tourism and advanced technology

Focus on creating a flexible business environment to boost investment and dialogue between both nations 

Abu Dhabi and Japan eye stronger ties in clean energy, hydrogen and AI as free trade deal talks progress

Abu Dhabi to deepen cooperation in clean energy, hydrogen, AI, life sciences and next-generation technologies 

Dubai ranks first globally in attracting cultural, creative greenfield FDI projects in 2024

Dubai's creative sector has held this position for 3 consecutive years, attracting AED 18.86 billion in FDI capital inflows in 2024

U.S. wants a fair trade deal with China, says Trump

When asked if any trade deals would be announced this week, Trump said that there could "very well be"

Saudi Arabia non-oil sector employment climbs, reflecting continued growth momentum

Saudi Arabia's economy grew 2.7 percent in Q1, driven by non-oil sector activities and diversification

Warren Buffett to step down as CEO of Berkshire Hathaway – Who will lead next?

Buffett’s announcement was met with applause from 40,000 shareholders during the annual meeting