United Kingdom

Britain’s GDP expands by 0.7 percent in Q1 2024, but long-term growth outlook remains fragile ahead of election

The economy had contracted for two consecutive quarters in the second half of 2023, indicating a recent recession

UK’s BoE leaves 5.25 percent interest rate untouched, pound weakens below 1.27 against US. dollar

Seven MPC members voted to hold the 5.25 percent rate, while two preferred a 0.25 percentage point cut to 5 percent

UAE’s real estate market to reach $707.86 billion by end of 2024: Report

The extended growth is due to HNWIs' interest in luxury property investment in Dubai

Oil prices maintain stability following recovery from 3-month low, investors await inflation data

Brent crude oil futures expiring in July edged 0.1 percent lower to $83.04 per barrel

Oil prices bounce back slightly as traders eye U.S. inflation report, upcoming OPEC+ meeting

Brent oil futures for July delivery gained 0.1 percent to $82.22 per barrel

Saudi Arabia’s holdings in U.S. treasuries surge to $135.9 billion

This represents a 3.66 percent rise compared to the previous month

Saudi Arabia’s Diriyah seeks U.K. partnerships in business, development projects

Diriyah reiterates commitment to expanding its partnership portfolio across various sectors

Abu Dhabi’s TAQA posts $571.7 million net income in Q1 2024

The group revenues reached $3.7 billion, marking a 5.3 percent increase compared to the previous year

BoE maintains rates at 5.25 percent but hints at summer cut

The cost of borrowing will continue to be at a 16-year high

29 percent of organizations deployed GenAI as leading AI solution, reveals new survey

25 percent of companies utilize customized GenAI models for specific use cases

Saudi Arabia e-visa accessibility extended to Barbados, Bahamas, and Grenada

With this expansion, the total number of countries eligible for the E-visa has increased to 66

Abu Dhabi’s ADQ lists inaugural $2.5 billion bond on London Stock Exchange

Listing proceeds to facilitate further investments in strategic initiatives