economy

Oil prices dip 6 cents with Brent at $74.11 as investors watch for China and U.S. data

U.S. West Texas Intermediate crude saw an 8-cent decline, bringing it to $70.52 a barrel

DCT Abu Dhabi sets new global standard in culture, tourism management

DCT Abu Dhabi achieved a compliance score of 99.6 percent, meeting the Best Global Criteria across both pillars of Culture and Tourism

Dubai Taxi Company launches 2025-2029 strategy to target untapped markets in UAE and beyond

The strategy entails expanding into limousine services and delivery while maintaining taxi market leadership

Dubai launches first-ever tax certification program in Arab world

This certification caters specifically to tax professionals employed by Dubai government entities

Oil prices steady at $73.22 and $69.19 amid holiday trading slowdown

Year-end profit-taking and portfolio rebalancing contributed to the lower trading volumes

Saudi Arabia’s non-oil exports rise by 12.7 percent in October

National non-oil exports, excluding re-exports, saw a rise of 5.1 percent

Dubai real estate market: 5 trends investors need to know in 2025

With property prices expected to rise by 8 percent in 2025, Dubai offers lucrative opportunities for both individual and institutional investors

UAE tourism’s economic impact set to reach $64.2 billion in 2024

Contributing 12 percent to the country's gross domestic product

Saudi Arabia’s construction market to exceed $90 billion by 2029

Over $20 billion in projects are underway in Riyadh 

UAE’s MoHRE calls on private sector to meet 2024 Emiratization targets by December 31

Organizations with 50 or more employees must achieve a 2 percent increase in Emiratization of skilled roles by year-end

Sheikh Hamdan forms interim steering committee to oversee transfer of commercial control operations in Dubai

The committee will be entrusted with approving timelines and streamlining operations for enhanced efficiency

Crude oil prices rise 0.2 percent on new China stimulus, U.S. inventory declines

Brent oil futures increased by 0.2 percent, reaching $73.71 a barrel