Middle East

Hilton accelerates growth in the Middle East

New openings to bolster its position as a leading hospitality brand in the region

Four Seasons’ people and culture of service are drivers of hospitality group’s success

Innovative offers – from jet to yacht experience – continue to excite guests from around the world

Miral: Championing Abu Dhabi’s tourism aspirations with group CEO Mohamed Al Zaabi

The company is behind the innovative and immersive experiences on Yas and Saadiyat Islands

The Middle East: Rise of a tourism powerhouse

Middle Eastern destinations, including Dubai, Abu Dhabi, and emerging hotspots like Riyadh and Ras Al Khaimah, saw significant tourist inflows in 2023

China’s Xinxing Ductile to invest $400 million in Egypt within 5 years

In April, SCZONE laid the foundation stone of the Xinxing Ductile Iron Pipes Corporation’s factory

Oil prices edge up on prospects of OPEC+ maintaining output cuts

OPEC+ is likely to extend its voluntary oil output cuts of 2.2 million barrels per day beyond June

UAE gold prices rise as global rates inch up ahead of key U.S. payroll data

Diminishing geopolitical concerns and a reevaluation of interest rate expectations impact bullion

Oil prices rally as U.S. crude inventories surge, Fed maintains interest rate

Surprise increase in U.S. crude inventories and prospects of a ceasefire in the Middle East add downward pressure on prices

Oil prices decline for the third day as U.S. crude inventories surge

U.S. crude production escalates to 13.15 million barrels per day in February

Oil prices dip ahead of Fed meeting as supply disruptions cool

Market expectations for any rate cuts have been pushed out, which could boost the U.S. dollar and potentially dampen oil demand and prices

UAE gold prices dip as global rates decline ahead of U.S. Fed meeting

Gold lost 2.2 percent last week amidst easing tensions in the Middle East

UAE to add 6.34 GW power capacity from 12 green projects by 2030: Energy Industries Council

These projects showcase UAE's commitment to energy sustainability, reducing fossil fuel reliance

UAE gold prices rise as global rates increase ahead of key U.S. inflation data

Despite the increase, gold prices were down around 2.3 percent, their biggest weekly drop since early December

Oil prices surge amid U.S. economic data disappointment, supply risks due to geopolitical risk

Brent crude futures saw a gain of 31 cents, equivalent to 0.4 percent, reaching $89.32 per barrel

Saudi Arabia’s ICT spending to reach $37.5 billion in 2024

According to experts, the Kingdom is the region's fastest-growing IT market

Russian businesses eye UAE’s market for global development, expansion

Russia sees the UAE market as a promising hub for conducting trade with Middle Eastern and African countries

Oil prices experience minor decline amid easing Middle East tensions

EIA reported an unexpected U.S. crude drop of 6.4 million barrels, surpassing expectations of an 825,000-barrel increase

IMF establishes new regional office in Saudi Arabia, hosts joint conference on industrial policy for diversification

The IMF aims to boost its involvement with regional institutions, governments, and stakeholders by setting up this office

Abu Dhabi’s ADQ acquires 49 percent stake in Plenary Group to drive public infrastructure expansion

The stake includes the shares currently owned by Canadian pension fund Caisse de dépôt et placement du Québec

UAE gold prices increase, global rates recover as markets await key U.S. economic data

Gold could remain between $2,300 and $2,350 unless a fresh catalyst emerges

Oil prices stabilize as focus shifts to U.S. economy, interest rates

The unexpected decrease in U.S. inventories, as indicated by industry data, provided some support to crude prices

UAE gold prices plunge as global rates hit over two-week lows on easing Middle East tensions

Gold dipped more than 2 percent in the previous session, its largest intraday decline in over a year

Oil prices rebound by 27 cents, Brent crude reaches $87.27 per barrel

Investors fueled the increase as they continued to assess geopolitical concerns in the Middle East

IMF projects MENA region’s GDP to grow 2.7 percent in 2024

The IMF expects growth to strengthen by 4.2 percent in 2025