economy

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

Saudi Arabia’s GACA reveals integrated digital platform, new corporate identity

The Ajwaa platform is designed to deliver all civil aviation services, facilitating swift and efficient access for users

Oil prices fall to $75.73 on reports of U.S. crude inventories rising

Analysts forecasted that about 2.2 million barrels of crude was added to U.S. stockpiles in the week ended on February 14

Qatar pledges $10 billion investment in India to boost economic ties

Both countries agreed to double bilateral trade from $14 billion to $28 billion in five years

Saudi Aramco to acquire 25 percent stake in Unioil Petroleum Philippines

The agreement, subject to standard conditions, supports the company's strategy to expand its global retail network

Etihad Airways reports $6.9 billion revenue, 25 percent year-on-year growth

This growth was fueled by remarkable performance in both passenger and cargo sectors

Oman earns 8th place in Global Entrepreneurship Index 2024, scoring 5.7

Oman's ranking results from ASMED's efforts with public and private partners through strategic initiatives

Ras Al Khaimah real estate transactions grow 118 percent to over $4 billion in 2024

The emirate recorded a total of 2,985 sales transactions last year, surpassing AED6 billion in value

Saudi Arabia’s ACWA Power secures $693 million deal to acquire power and water assets in Kuwait, Bahrain

This deal includes a 4.6-gigawatt power generation portfolio and 1.114 million cubic meters of desalination