economy

Oil prices decline as OPEC+ prolongs supply cuts

Brent crude futures for February delivery fell by 0.4 percent to $71.80 a barrel

Salik assigned strong investment grade credit ratings by Moody’s, Fitch

Fitch has assigned Salik an investment grade A- issuer default credit rating with a stable outlook

Optimism in Saudi real estate fueled by lower rates and strong transparency: Report

The Kingdom’s commitment to economic diversification under Vision 2030 support growth and boost investor confidence 

dnata Logistics breaks ground on $27.2 million Dubai South warehouse

The new warehouse will handle 400,000 tons of cargo annually, boosting storage capacity by 50 percent and creating over 50 jobs 

Dubai CommerCity launches autonomous delivery robots trial for enhanced last-mile logistics

The free zone will designate areas for robot parking and charging during the trial to enable seamless operations 

Dubai Duty Free reports $1.94 billion in sales by end of November 2024

November 30 set a new daily sales record for the year at $8.46 million

Qatar Airways Cargo, Japan Airlines partner to strengthen airline cargo offerings

Over the past 12 months, both carriers have transacted 4,462 tons of import and export cargo in Japan

AI in sports forecasted to hit $19.2 billion by 2030: Report

AI expected to generate $8.5 billion for GCC media and entertainment by 2030

Abu Dhabi Business Week attracts over 10,000 participants on first day

ADBW will deliver more insightful sessions during its remaining days, allowing participants to drive sustainable development and partnerships

Oil prices edge up amid U.S. inventory draw, OPEC+ meeting in view

Brent crude futures, set to expire in February, climbed by 0.1 percent to $72.37 a barrel

Abu Dhabi’s NMDC Group creates new Logistics & Technical Services division to drive expansion and diversification

The new unit adds logistics and technical services to the Group’s marine, EPC, engineering, and construction sectors 

Qatar: Non-energy private sector business activity accelerates in November

Increases in jobs and wages remain among fastest on record