economy

Abu Dhabi enhances infrastructure governance with new ADPIC – arbitrateAD agreement

The MoU marks a significant step in the efforts to integrate global best practices into the way Abu Dhabi delivers its infrastructure ambitions

Saudi Arabia’s PIF launches its first commercial paper program to enhance funding flexibility

The commercial paper program carries credit ratings of P-1 from Moody’s and F1+ from Fitch

Dubai Chamber of Commerce welcomes 4,543 new Indian businesses in Q1 2025

The wholesale and retail trade sector ranked first, accounting for 36.2 percent of new registrations

ADIO and ADPIC launch unified model to accelerate public-private partnerships

The agreement establishes a unified operating model aimed at streamlining the planning, structuring, and procurement of capital projects

Abu Dhabi DoF launches new budget cycle to enhance financial sustainability, strategic alignment

This initiative focuses on transparency, innovation, and excellence in public financial resource management 

Younger Saudi CEOs on the rise: Korn Ferry highlights leadership shift in new report

The analysis is based on publicly available data from CEO succession events among the top 100 publicly listed companies on the Tadawul exchange

How European family offices are reallocating capital towards the UAE

The UAE imposes no personal income tax, capital gains tax, or inheritance tax

Valu debuts on EGX with $6.6 million dividend distribution from EFG Holding

EFG Holding distributed 20.488 percent of Valu’s capital, enabling direct shareholder participation in growth

Sheikh Mohammed celebrates 25 years of The Executive Office in advancing Dubai’s strategic vision for global leadership

His Highness tours an exhibition highlighting key strategic projects and initiatives of The Executive Office

Crude oil prices surge to highest levels since January amid Strait of Hormuz closure concerns

Goldman Sachs predicts Brent could peak at $110 if oil flows through the strait are disrupted

Dubai 24-carat gold price today remains above AED405 amid rising dollar, Middle East tensions

Investors shifted to the dollar following U.S. airstrikes, impacting gold and commodity markets

Bahrain and U.K. ink $2.7 billion strategic investment partnership for carbon reduction, sustainable development

Shaikh Salman bin Khalifa emphasized the enduring strength of relations between Bahrain and the U.K.