economy

Global consumer product sales see slow growth in 2024 as price increases stabilize, volumes improve: Report

Amid declining shareholder returns, consumer products companies must accelerate digital transformation to regain lost ground

Saudi Arabia’s ZATCA urges commercial sector to submit VAT statements for January

The decision applies to those whose annual revenues from goods and services exceed $10.7 million

Oman secures $132.5 million for second phase of Sohar Freezone industrial waste treatment facility

This project will enhance the national economy while advancing sustainability and circular economy goals

UAE President to commence state visit to Italy on February 24

Discussions will focus on strengthening bilateral cooperation between the UAE and Italy

Oil prices set for 3 percent weekly gain on Russia supply concerns, strong U.S. demand

The EIA reported on Thursday that U.S. crude oil stockpiles rose, while gasoline and distillate inventories fell last week

UAE GDP growth expected to rise from 4.5 percent to 5.6 percent, outpacing IMF’s 3.2 percent forecast: Report

Growth rate of GCC region is expected to double from 2.1 percent to 4.2 percent in 2025

AlUla Conference for EMEs: Saudi Arabia, IMF emphasize AI’s potential to enhance emerging market productivity

A key theme is the importance of unity and collaboration to strengthen EM economies' resilience and growth

UAE maintains position among world’s top 10 soft powers, defying regional slowdown: Report

The country's Nation Brand has experienced a remarkable increase from $1 trillion to $1.232 trillion

UAE hotels earn $10.1 billion in first 10 months of 2024, marking a 4 percent growth

Hotel occupancy rose to nearly 78 percent, reflecting a 2.7 percent increase from last year

Abu Dhabi, China bolster economic ties at investment forum with partnerships in key sectors

During the forum, participants engaged in discussions on Abu Dhabi’s role as a global financial, trade and technology hub

King Salman approves Saudi riyal symbol, reinforcing national financial identity and rich cultural heritage

The decision strengthens the Kingdom's financial identity on local, regional, and international fronts