economy

Oil prices drop to $80.6 as Trump declares national energy emergency

West Texas Intermediate crude futures saw a 0.9 percent decline, reaching $76.69 per barrel

Sharjah Islamic Bank posts record profit of $313.1 million in 2024

Total profit from financing grew 20.6 percent, reaching AED3.7 billion in 2024

Saudi Q4 2024 Consumer Report: Over 200,000 inspections conducted to protect consumers 

The report outlined measures to combat commercial fraud, managing over 150,000 complaints

“Dubai AI Seal” launched to certify trusted AI companies, drive public-private partnerships

The seal aims to provide an accessible and reliable way to verify AI service providers

Riyadh to host Global Labor Market Conference featuring 45 labor ministers, 200 experts

The event will focus on international collaboration and youth employment

Davos 2025: Over 100 UAE officials, private sector leaders to engage in key meetings

For the third consecutive year, the UAE is participating with a dedicated pavilion under the theme "Nothing is Impossible"

IMF projects 3.3 percent global growth in 2025, inflation to fall to 3.5 percent by 2026

Despite the stable global growth forecast, disparities among countries are widening

UAE, Russia sign double taxation avoidance draft agreement to boost economic cooperation

This agreement seeks to establish a stable and investment-friendly tax framework and eliminate tax barriers

Oil prices climb to $81.63, 0.4 percent surge driven by strong Chinese economic data

Crude oil WTI futures expiring in March rose 0.5 percent to $78.24 a barrel

Bahrain, Oman sign 25 cooperation agreements to strengthen bilateral relations

The Double Taxation Agreement aims to strengthen economic ties through improved tax collaboration

Mubadala’s KELIX bio acquires Julphar subsidiary DiabTec

DiabTec's state-of-the-art facility is built to EU/US FDA standards and is currently the only one of this kind in the GCC

Sharjah Shopping Promotions continue to boost retail sales, economic growth

Event not only helps boost retail sales across multiple sectors but also attracts more investments to Sharjah's retail sector