investment

Non-oil activities in Saudi Arabia surge by 5.3 percent in 2024, reports GASTAT

Non-oil growth indicates positive trends across various economic sectors in Saudi Arabia for 2024

Stock market today: Shares rally, dollar declines as Mideast ceasefire comes into effect

S&P 500 futures gained 0.80 percent and Nasdaq futures rose 1.13 percent

Crude oil prices plunge 3 percent to $68.75 as tensions ease in the Middle East

Investors expect a return to normalcy in oil if the ceasefire terms are upheld

Dubai 24-carat gold price today dips to two-week low at AED404 amid easing geopolitical tensions

U.S. Fed Vice Chair Michelle Bowman stated the time for cutting interest rates is approaching

Abu Dhabi enhances infrastructure governance with new ADPIC – arbitrateAD agreement

The MoU marks a significant step in the efforts to integrate global best practices into the way Abu Dhabi delivers its infrastructure ambitions

Saudi Arabia’s PIF launches its first commercial paper program to enhance funding flexibility

The commercial paper program carries credit ratings of P-1 from Moody’s and F1+ from Fitch

ADIO and ADPIC launch unified model to accelerate public-private partnerships

The agreement establishes a unified operating model aimed at streamlining the planning, structuring, and procurement of capital projects

How European family offices are reallocating capital towards the UAE

The UAE imposes no personal income tax, capital gains tax, or inheritance tax

Valu debuts on EGX with $6.6 million dividend distribution from EFG Holding

EFG Holding distributed 20.488 percent of Valu’s capital, enabling direct shareholder participation in growth

Valu welcomes tech giant Amazon as shareholder following Egyptian Exchange debut

The move comes shortly after Valu’s successful listing on the Egyptian Exchange (EGX)

Sheikh Mohammed celebrates 25 years of The Executive Office in advancing Dubai’s strategic vision for global leadership

His Highness tours an exhibition highlighting key strategic projects and initiatives of The Executive Office

Crude oil prices surge to highest levels since January amid Strait of Hormuz closure concerns

Goldman Sachs predicts Brent could peak at $110 if oil flows through the strait are disrupted