economy

Qatar tourism contributes $15.1 billion to GDP in 2024 with 12 percent 2030 target

International visitors spent nearly $11 billion, with a 25 percent increase in arrivals noted

Saudi Arabia and Spain partner to boost joint projects, economic collaboration

Key areas of cooperation include economic modeling, support for SMEs, and joint project facilitation

Qatar launches $1 billion incentives program to drive gloval investment, innovation

The program offers financial support covering up to 40 percent of eligible local investment expenses over five years

Make it in the Emirates 2025: Youth empowerment and future industries take center stage on closing day

Ministerial panel session will highlight the importance of youth involvement in future industries

Make it in the Emirates 2025 Day 3: UAE unveils AI marketplace and industrial innovations

Day 3 featured groundbreaking announcements, strategic partnerships, and innovation-focused initiatives that underscored the nation’s commitment to shaping the future of global industry

Bitcoin surges to new all-time high of $111,880 as investors shift to alternative assets

The asset secured a second record high within 24 hours, with a gain of almost 8 percent so far this week

Oil prices rise to $64.92 on supply disruption fears despite U.S. crude inventories uptick

Crude inventories rose by 1.3 million barrels to 443.2 million barrels in the week ended May 16, the EIA said

Dubai 24-carat gold prices rise AED3.5 as global rates hit two-week high

The U.S. dollar was hovering near a two-week low, making gold cheaper for other currency holders

ADNOC signs $1.64 billion deals to manufacture critical industrial equipment in UAE

The long-term agreements encompass the manufacturing of cables and pressure vessels, potentially creating up to 1,300 jobs

Dubai SME to support launch of 8,000 new Emirati businesses by 2033

Establishment aims to raise the total number of supported enterprises to 27,000, up from 19,000 at the end of 2024

Make it in the Emirates 2025: ADIO launches AI-driven partnership with e& enterprise to accelerate industrial growth

Partnership empowers firms to leverage AI technologies and sustainable practices for operational excellence 

Portfolio resilience vital as investors face heightened uncertainty, changing asset class returns: J.P. Morgan

Investors must adapt to policy uncertainty and consider alternative reserves for long-term stability