economy

Eid al-Adha 2025: How the festival fuels economic growth across the GCC and globally

Intra-GCC tourism peaks during Eid, enhancing hospitality and entertainment sectors across multiple countries.

Dubai Chambers reports surge in service excellence program participation

The Service Excellence Program forms part of Dubai Chambers’ broader vision to elevate service standards

Saudi Arabia unveils TOURISE to redefine global tourism by uniting visionary leaders across sectors

This initiative represents a significant step towards sustainable growth in the global tourism industry

ADNOC’s ICV Program generates 17,000 job opportunities for Emiratis

ADNOC is targeting the procurement of locally manufacturable products worth up to AED90 billion by 2030

Egypt’s central bank cuts interest rates as growth accelerates, inflation slows

The MPC has adjusted the overnight deposit rate to 24 percent and lending rate to 25 percent 

Oil prices fall to $64.11 on higher OPEC+ output prospects

Brent was down 2 percent so far this week, while WTI was 2.7 percent lower

Dubai 24-carat gold prices steady, global rates set for best week in over a month

The dollar has lost more than 1 percent so far this week and is set for its worst weekly performance since April 7

ADFD and TRENDS join forces to advance strategic research and data-driven policymaking in UAE

The two organizations seek to support data-driven policymaking and advance the UAE’s long-term development agenda

Mastercard launches cyber resilience center to enhance digital security in Saudi Arabia

Three pillars focus on education, best practices, and risk assessments to boost cyber defenses 

Make it in the Emirates 2025: ADNOC awards $147.8 million in contracts for locally made industrial products

Contracts to nine suppliers showcase ADNOC's commitment to local manufacturing initiatives

Emirates launches 45+ special flights for Hajj and Eid Al Adha: Serving 32,000 pilgrims across key global cities

The Dubai carrier continues to strengthen its commitment to providing culturally sensitive, memorable, and seamless journeys for travelers across its worldwide network

Make it in the Emirates 2025 emphasizes prioritizing energy efficiency in manufacturing for a net-zero UAE

The UAE’s industrial sector accounts for around 60 percent of total national energy consumption