economy

Ajman records $427.44 million in real estate transactions in January

The highest sales value was recorded in Al Zahia area, with a value of AED50 million

Oil prices dip to $76.75 following increase in U.S. crude stockpiles

U.S. West Texas Intermediate (WTI) crude fell by 28 cents, or 0.4 percent, to $73.04 a barrel

Abu Dhabi’s EMSTEEL delivers $2.25 billion in revenue for 2024

The company realized a solid Profit before tax of $117.6 million and Net Profit after tax of $106.7 million

Saudi Arabia’s industrial production index surges by 2.1 percent in December 2024: GASTAT

Growth is driven by growth in manufacturing, water supply, sewerage, and waste management and remediation activities

Qatar, Türkiye join regional integrated industrial partnership, unveiling over $2 billion in new projects

This addition strengthens the partnership, enhancing industrial integration and cooperation for a sustainable economy

WGS 2025: Klaus Schwab outlines role of governments in adapting to ‘Intelligent Age’ transformation

Schwab noted past industrial revolutions, highlighting rapid changes driven by AI, quantum computing, and cryptocurrencies

Abu Dhabi’s IHC reports FY2024 revenue of $25.3 billion, 54.4 percent growth

Strong financial performance stemmed from robust contributions in Real Estate, Construction, Marine, and Dredging

DEWA announces record annual revenue of $8.43 billion for 2024

The Authority achieved EBITDA of $4.27 billion and net profit after tax of $1.97 billion

ADNOC Distribution posts record $1.05 billion EBITDA for FY 2024, up 4.8 percent year-on-year

Record performance highlights strong fuel volumes, retail growth, and contributions from Saudi Arabia and Egypt

WGS 2025: Sheikh Mohammed meets with Arab finance ministers, stresses cooperation for sustainable development

H.H. welcomed the participation of Arab delegations, including ministers and key economic and financial decision-makers

WGS 2025: Mohammad Al Gergawi reflects on humanity’s pivotal moment 25 years into the millennium

The UAE Minister raises questions about four key events that have shaped the past 25 years

WGS 2025: Sheikh Mohammed meets with Klaus Schwab, underscores UAE’s commitment to shaping unified global vision for growth

H.H. underscored the imperative for governments to keep pace with substantial changes reshaping the world