economy

Abu Dhabi Finance Week (ADFW) 2024: ADIO, Mastercard to establish Digital Partnership Program

Mastercard to create tailored digital financial solutions for Abu Dhabi stakeholders

AI to add $19.9 trillion to global economy, account for 3.5 percent of GDP by 2030: Report

98 percent of executives prioritize AI investments, driving rapid funding increases and highlighting AI's value 

GASTAT: Industrial Production Index in Saudi Arabia increases by 5 percent in October 2024

This growth is largely attributed to heightened activity in various sectors, including mining and quarrying

Abu Dhabi Airports breaks ground on East Midfield Cargo Terminal at Zayed International

Terminal to integrate seamlessly with the Logistics Free Trade Zone's existing infrastructure, particularly Al Falah District

Abu Dhabi Finance Week (ADFW) 2024: ADIO and PGIM to establish RealAssetX Innovation Centre in Abu Dhabi

Integrating local institutions with global research leaders to advance sustainability, AI and Deep Tech for real assets

Oil prices surge modestly amid China’s stimulus optimism and U.S. economic indicators

Brent crude futures for February delivery ascended by 0.4 percent to $72.47 a barrel

Qatari economy grows 0.8 percent to $48.5 billion in Q2 2024

GVA of non-mining sector activities reached $33.23 billion during this period

Dubai’s talabat shares climb over 7 percent upon listing on DFM

The company will trade under the ticker symbol “TALABAT”

Central Bank of Kuwait allocates $792 million bonds, securitization

The bank specified that this issuance has a maturity period of three months and an interest rate of 4.125 percent

Oil prices slip as market reacts to China’s stimulus and Middle East instability

Brent oil futures for February delivery decreased by 0.2 percent, settling at $72.00 per barrel

Saudi Arabia’s real GDP grows 2.8 percent in Q3 2024 on stronger non-oil activity

Saudi Arabia's GDP at current prices reached SAR1.007 trillion in Q3 of 2024

Oil prices rise on Middle East uncertainty despite weaker China demand

The number of oil and gas rigs deployed in the U.S. last week hit the highest since mid-September