economy

Estonia reaches 100 percent digital government services as UAE aims for 2,000 bureaucratic cuts

Both nations are dedicated to advancing digital transformation and enhancing services for citizens

ADIB reports record $1.66 billion net profit for 2024, up 16 percent

The Bank's Board recommended a cash dividend per share of 83 fils for 2024, amounting to AED3.030 billion

Oil prices stabilize at $77.47 amid U.S. inventory data and Trump tariff concerns

Crude prices saw some losses this week amid concerns over weak Chinese economic data

EFG Hermes achieves top position in MENA Equity Capital Markets for 2024 through market-leading executions

EFG Hermes topped the MENA equity capital market in 2024 with 11 IPOs and 6 secondary offerings

Saudi Arabia’s PIF announces pricing of $4 billion bond offering

Offering was four times oversubscribed, with an order book of approximately $16 billion

UAE’s FTA urges natural persons to register for Corporate Tax before March 31

The FTA defines a 'natural person' as any living human being, regardless of age or residence

Oman, India sign tax protocol to boost economic relations

India-Oman trade grew to $12.388 billion in 2022-2023

stc secures $8.7 billion contract with government entity for telecom infrastructure services

The contract lasts 18 months for execution, followed by 15 years of operation

Oil prices climb 0.2 percent to $77.21 after steep losses amid Trump concerns, demand uncertainty

DeepSeek questions the need for data center investments, suggesting fewer centers may lower energy demand

Saudi Arabia permits foreign investment in Makkah, Madinah real estate

The ownership of natural and legal persons jointly who do not hold Saudi nationality shall not exceed 49 percent of the company's shares

Saudi Arabia Crown Prince, Italy Prime Minister ink agreement to establish Saudi-Italian Strategic Partnership Council

Saudi-Italian high-level roundtable resulted in the signing of 26 memoranda of understanding across key industries