economy

H.E. Issam Kazim on Dubai’s record-breaking 18.72 million overnight visitors cementing tourism as a D33 pillar

Dubai Corporation for Tourism and Commerce Marketing (DCTCM) is leaving no stone unturned to ensure the emirate is the place of choice for people to visit, live, work and invest in

Why are high net worth individuals moving to Dubai and Abu Dhabi?

Dubai, Abu Dhabi, Singapore, Zurich and Auckland make up the top five preferred locations for individuals looking to relocate

IMF recognizes Saudi Arabia’s leadership in data centers, commends personal data protection law

IMF praised Kingdom for establishing SDAIA and launching the National Strategy for Data and AI

Rapid expansion of Saudi space economy to reach $31.6 billion by 2035: Report

The Kingdom’s space market is anticipated to reach $5.6 billion by 2035

Trump to announce tariffs on imported semiconductors following smartphones exemption

Technology products from China would face separate new tariffs along with semiconductors in the next two months, said Lutnick

Middle East sports market poised for 8.7 percent growth, outpacing global average

85 percent of sports executives expect double-digit growth in women’s sports revenues over the next 3 to 5 years

Oil prices drop to $64.47 as U.S.-China trade war affects global growth outlook

Goldman Sachs expected oil prices to decline through 2026

Dubai gold prices up AED3.25, global rates retreat post tariff exemptions

Goldman Sachs hiked 2025 gold price target to $3,700/oz

Saudi Arabia’s liquidity hits historic high, exceeds $800 billion in February 2025

Demand deposits constituted the largest share, accounting for 48.5 percent or SAR1.47 trillion

Stocks sink, dollar falls as tariff-induced recession fears shake investor confidence

Nvidia declined 5.91 percent, Apple fell 4.24 percent to $190.42, and Microsoft dipped 2.34 percent to $381.35

Oil prices dip to $63 per barrel as U.S.-China trade war raises demand concerns

Brent is set to fall 4 percent this week, while WTI is set to decline 3.8 percent

Saudi Arabia sees 89 percent growth in tourist hospitality facilities in 2024

Makkah leads Saudi tourism surge with 1,030 new hospitality licenses