Middle East

UAE real estate: Leading 2024 project awards with 45 percent share worth $40.6 billion

Dubai's residential sector saw 32 percent sales growth in 2024, reaching $99.9 billion, driven by investor interest

EFG Holding posts record revenue of $482 million with strong growth across verticals

The Group's net operating profit rose 84 percent Y-o-Y in FY24 to $175.9 million

Etihad Airways: Driving job growth with new national talent strategy for Emiratis

CEO highlighted Emirati talent's vital role in the airline's ambitious growth and workforce development

ATM to highlight luxury travel as industry set to reach $391 billion by 2028

Asia-Pacific leads GCC tourism, with ATM featuring a 27 percent rise in Asian exhibitors this year

UAE gold prices up AED1.5, global rates hit record high ahead of Fed decision

The Fed is expected to maintain interest rates at 4.5 percent amidst economic uncertainty

Oil prices dip to $70.25 on oversupply fears after Russia-Ukraine truce

Investors are cautious ahead of the Fed meeting, expecting rates to remain unchanged

Kuwait, China establish framework agreement for renewable energy technology

The agreement was the result of six months of negotiations and aims to enhance cooperation at all levels

Air Arabia shareholders approve 25 percent dividend after $435.6 million profit before tax

In 2024, Air Arabia added 31 new routes from its hubs in the UAE, Morocco, Egypt, and Pakistan

ADNOC Drilling greenlights $788 million 2024 dividend, boosts AI-driven expansion

The final shareholder-approved cash dividend payment for 2024 amounts to $394 million

Red Sea International Airport, Plaza Premium Group join forces to pioneer new lounge services in Saudi Arabia

Saudi Arabia's premium departure lounges will offer a fully à la carte dining experience for passengers

Oil prices climb to $71.32 amid Mideast tensions, China’s stimulus

West Texas Intermediate (WTI) crude futures also rose by 0.4 percent to $67.61 per barrel

UK businesses see Middle East as prime investment destination as interest in the region doubles

36 percent of UK business leaders now see the Middle East as a key investment hub for the next five years