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GCC-US trade hits $93.6 billion in 2023, but investment flows show mixed signals

According to the Statistical Centre of the Cooperation Council for the Arab States of the Gulf, the GCC exported goods worth $57.5 billion to...

Crypto’s No. 2 token Ether, posts best week since 2021 amid trade thaw, tech optimism

Ether surged nearly 33% this week, marking its strongest rally in over three years, as easing global trade tensions and a major network upgrade boosted investor confidence in the digital asset market.

U.S. Dollar on the course for worst two-month slide since 2002

After a turbulent March and April, the dollar was set to fall 7.7%, marking its biggest two-month drop since May 2002. Although the dollar...

US slaps up to 3,521% tariffs on Southeast Asian solar imports

The United States has imposed duties as high as 3,521% on solar panel imports from Cambodia, Vietnam, Malaysia, and Thailand—threatening to stall renewable energy projects even as it boosts domestic manufacturing.

Two in three eye career moves amid Saudi Arabia’s booming hiring market as 66% of professionals plan a switch

The Kingdom is experiencing a dynamic shift driven by higher salary expectations, expanding sectors, and a national drive to hire more Saudi talent. According to...

Dubai’s Mall of the Emirates announces Dh5 billion expansion adding 20,000 square meters and key infrastructures

The Mall of Emirates expansion plans to add 100 new stores and 20,000 square meters of space to its already sprawling footprint. Owned by Majid...

Dubai real estate sector sees $38 billion of sales in Q1

The latest data from fäm Properties shows that the Q1 figures came close to the all-time record of AED147.2 billion posted in Q4 2024,...

Businesses hold back hiring as UAE job creation hits three-year low

Most companies are opting to maintain existing workforce levels, with subdued demand growth and global market shifts prompting a cautious approach. The latest Purchasing Managers...

Nama attracts Samsung and ACWA for 2,400 MW projects in Oman

Oman’s Nama Power & Water Procurement Company has received competitive bids from 12 major global and regional developers for its strategic Independent Power Projects...

With the non-oil sector projected to grow by 5.8%, Saudi Arabia real estate projects exponential growth

With the non-oil sector projected to grow by 5.8%, the Kingdom is laying firm groundwork for sustained investment, innovation, and expansion across key sectors. Despite...

Shell ramps up gas focus with $7 billion spending cut as it trims costs and jobs

Energy giant eyes global gas leadership as oil rivals double down

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National Life and General Insurance Company: Delivering value beyond insurance to customers

Oman’s largest insurer NLGIC is on course to become a regional multi-line, multi-country giant delivering value beyond insurance to the customers.

AI central to UAE’s economic diversification, says COP28 President-Designate

AI will contribute to the UAE’s net zero strategic initiative by 2050 and help unlock advances in climate progress, says H.E. Dr. Sultan Ahmed Al Jaber, UAE Minister of Industry and Advanced Technology.

Economic growth in GCC to more than halve in 2023: World Bank report

However, the GCC growth will still outperform the wider Middle East and North Africa region, forecast to grow by 3% in 2023, down from 5.8% growth in 2022.

KitchenomiKs aims to transform on-demand food economy in Oman

KitchenomiKs cooks up dainty on-demand delicacies, tossing in emerging technologies, yummy multi-brand choices and seamless delivery.

Real estate sector in GCC experiencing ‘profound transformation’: Expert

The real estate sector in the GCC region is...
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