economy

Oil prices fall 0.6 percent to $77.82 as Trump pushes for lower crude prices, higher U.S. production

West Texas Intermediate crude futures dropped 0.6 percent to $74.21 per barrel

WEF 2025: Saudi Arabia’s services trade hits $144 billion with 7 percent annual growth

The services sector represents approximately 65 percent of the world’s GDP

Saudi Arabia achieves record 178 venture capital deals in 2024, retains top rank in MENA region

E-commerce dominated with 33 percent of total funding with a value of $247 million

WEF 2025: UN Secretary-General highlights global threats of climate crisis, unregulated AI

He emphasized international collaboration, citing the Global Digital Compact as a framework for responsible digital technology use

WEF 2025: Saudi Arabia targets 70 million annual tourists and top seven ranking by 2030, says minister

The Kingdom saw a record influx of nearly 30 million international tourists last year

Saudi Arabia’s Diriyah Company marks first participation at WEF 2025, leads urban development discussion

The participation supports the WEF 2025 theme “Collaboration For The Intelligent Age”

Saudi Arabia to see 3.5 to 4.5 percent growth in construction as Europe eyes gradual recovery: Report

Infrastructure projects and government-led construction will drive growth in tourism and leisure sectors

Sheikh Hamdan: Trade is the lifeblood of Dubai’s economy, crucial pillar of its growth

His Highness spoke at Za’abeel Majlis in Dubai, addressing businessmen, traders, and investors

WEF 2025: UAE delegation led by Sheikha Latifa discuss global partnership with founder Klaus Schwab

H.H. Latifa bint Mohammed: Culture a driving force for building vital societies, sustainable economies

Davos 2025: Saudi Arabia calls for nations to put “greater good” first

Saudi Arabia called on the international community to prioritize cooperation and dialogue to overcome challenges

Sheikh Mohamed bin Zayed and Sheikh Mohammed bin Rashid discuss strategies for citizen welfare, national progress

Their Highnesses discussed plans to advance the UAE’s development agenda and national objectives

Oil prices fall 0.3 percent to $78.8 amid Trump policies, U.S. production concerns

West Texas Intermediate crude futures dropped by 0.2 percent, settling at $75.27 per barrel