economy

Oman’s GDP rose 1.9 percent in H1 2024, fueled by 3.6 percent non-oil growth: Central Bank

Despite global challenges, the Omani economy has demonstrated resilience in handling various economic shocks

Dubai Industrial City draws over $95 million F&B investments in 2024

This substantial investment underscores the burgeoning growth within the regional sector

Qatar real estate sector records 382 transactions valued $419.5 million in January

When compared to December 2024, the index of properties sold exhibited a notable increase of 35 percent

UAE and Ukraine explore investment opportunities following CEPA signing, issue joint statement

CEPA aims to add about $369 million to UAE's GDP and $874 million to Ukraine's GDP

U.K. Minister pledges to strengthen ties with Saudi Arabia as bilateral trade hits $21 billion

Over 60 U.K. companies have regional headquarters in Saudi Arabia, employing around 30,000 British workers

UAE gold prices surge AED1.25 as global rates rise amid U.S. tariffs uncertainty, trade war fears

Spot gold was up 0.1 percent at $2,898.99, while U.S. gold futures gained 0.4 percent to $2,912.60

Oil prices drop 0.2 percent to $75.10 as OPEC+ considers output delays

Crude Oil WTI Futures set to expire in March increased by 0.7 percent to $71.17 per barrel

e& enterprise collaborates with PayPal for enhanced digital payments solutions

Agreement enables UAE businesses to seamlessly integrate PayPal, attracting a broader international customer base

Abu Dhabi seeks to boost investments with China as bilateral trade projected to reach $200 billion by 2030

The emirate hosts many of the 6,000 Chinese companies in vital sectors like technology and energy

‘Make it in the Emirates’ forum attracts $5.4 billion in investments during 2024

SMEs benefitted from 68 percent of total financing from Emirates Development Bank and partner banks

Bank of Sharjah acts as mandated lead arranger, bookrunner in $155 million loan for ‘Daewoo Engineering’

This three-year facility, arranged with regional banks, supports Daewoo’s global working capital needs

New regulations issued for endowment companies in Abu Dhabi

The resolution establishes a secure framework for family businesses, ensuring sustainability and growth while supporting investment in key sectors