economy

U.K. Minister pledges to strengthen ties with Saudi Arabia as bilateral trade hits $21 billion

Over 60 U.K. companies have regional headquarters in Saudi Arabia, employing around 30,000 British workers

UAE gold prices surge AED1.25 as global rates rise amid U.S. tariffs uncertainty, trade war fears

Spot gold was up 0.1 percent at $2,898.99, while U.S. gold futures gained 0.4 percent to $2,912.60

Oil prices drop 0.2 percent to $75.10 as OPEC+ considers output delays

Crude Oil WTI Futures set to expire in March increased by 0.7 percent to $71.17 per barrel

e& enterprise collaborates with PayPal for enhanced digital payments solutions

Agreement enables UAE businesses to seamlessly integrate PayPal, attracting a broader international customer base

Abu Dhabi seeks to boost investments with China as bilateral trade projected to reach $200 billion by 2030

The emirate hosts many of the 6,000 Chinese companies in vital sectors like technology and energy

‘Make it in the Emirates’ forum attracts $5.4 billion in investments during 2024

SMEs benefitted from 68 percent of total financing from Emirates Development Bank and partner banks

Bank of Sharjah acts as mandated lead arranger, bookrunner in $155 million loan for ‘Daewoo Engineering’

This three-year facility, arranged with regional banks, supports Daewoo’s global working capital needs

New regulations issued for endowment companies in Abu Dhabi

The resolution establishes a secure framework for family businesses, ensuring sustainability and growth while supporting investment in key sectors

Dubai’s Emaar Properties posts $9.7 billion in revenue, $5.1 billion profit following record year

Property sales reached $19 billion, a 72 percent increase from $11 billion in 2023 

WGS 2025: UAE extends Arab Government Excellence Award for another four years

This award promotes enhanced performance leadership in the public sector throughout the region

Brazil to host BRICS summit in Rio de Janeiro in July

This event highlights Brazil's leadership as it sets the agenda for the upcoming BRICS summit

GASTAT: Saudi Arabia’s inflation rate hits 2.0 percent in January 2025

GASTAT highlighted that the Kingdom's inflation rate is considered the lowest among the G20 countries