investment

UAE Ministry of Finance unveils cabinet decision to introduce top-up tax for multinational enterprises

The UAE DMTT is closely aligned with the GloBE Model Rules issued by the Organisation for Economic Co-operation and Development (OECD)

WGS 2025: Dubai to host first edition of Young Arab Leaders Forum

Forum will bring together over 200 emerging leaders from across the Arab world on February 10

IMF considers new funding for Egypt amid rising costs

Cairo currently benefits from an $8 billion IMF financing agreement expanded in 2022 for economic support

Central Bank of Oman launches 73rd issue of Government Development Bonds sized at $259.7 million

New offering has a maturity period of five years and a coupon rate of 4.60 percent per annum

Dubai Chambers, U.S Chamber of Commerce partner to enhance trade, investment ties

Partnership will strengthen trade relations and enhance the ties between the business communities of Dubai and the United States

UAE, French Presidents witness signing of UAE-France Framework for Cooperation in Artificial Intelligence in Paris

The two leaders emphasized a strategic AI partnership, focusing on collaboration, investment, and Virtual Data Embassies

ADX among top five exchanges globally in IPO proceeds, raising $3.35 billion in 2024

The exchange maintained its position as the second-largest bourse in the region and reinforced its ranking among the world's top 20 stock exchanges

Dubai’s GDP grows 3.1 percent to $92.4 billion in first nine months of 2024

Trade, Transportation and Storage, and Finance and Insurance emerge as the leading sectors driving growth

Saudi Arabia launches King Salman Automotive Cluster, targeting $24.5 billion GDP boost by 2035

The hub will drive Kingdom's economic diversification and serve as a catalyst for sustainable transportation

Google launches new affordable Gemini AI models as cost concerns mount

2.0 Flash-Lite can generate a relevant one-line caption for around 40,000 unique photos, costing less than a dollar in Google AI Studio’s paid tier

LEAP 2025 to highlight innovation through culture, entertainment and heritage

Program will span a week, continuing until February 13, at various locations throughout Riyadh

Saudi Arabia: Fiscal Sustainability Program plan completed, a milestone achievement for Vision 2030

The program boosted non-oil revenues from SAR186 billion in 2016 to SAR458 billion in 2023