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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

Nissan appoints Ivan Espinosa as new CEO

Effective April 1, the board of directors has approved titles and areas of responsibility for the representative executive officer and executive officers. Ivan Espinosa,...

Dubai’s Dh2 billion Trump Tower set to rise in Q2-2025

The highly anticipated Trump Tower in Dubai is gearing up for a grand launch, set to cost over Dh2 billion and feature the first-ever...

UAE salaries set for 4% rise in 2025 amid optimistic job market, says Mercer

This annual survey, released by Mercer—a leading global consulting firm and subsidiary of Marsh McLennan—reveals that more than a quarter (28.2%) of UAE organizations...

UAE launches ‘Plant the Emirates’ programme to grow a greener future

The UAE's Ministry of Climate Change and Environment (MOCCAE) outlines goals under the ‘Plant the Emirates’ programme, emphasizing a future of sustainable food security and agricultural innovation.

Saudi Arabia set to invest $10bln in green hydrogen production: Report

Saudi Arabia has launched a new company to finance green hydrogen production, according to a report published by Bloomberg. According to the report, the...

Hydrogen production could increase fivefold by 2030, says International Energy Agency

The number of low-emission hydrogen projects reaching final investment decisions has doubled over the past year, according to the International Energy Agency (IEA).

Dubai adds 12 new hotels, paves way for 40 more by year-end

Dubai’s hospitality sector is surging ahead, with 12 new hotels and over 2,700 rooms added in the first half of 2024, pushing the city’s total to 716 hotels offering nearly 149,750 rooms.

Covid-19 pandemic buyers reap millions as property prices soar in Dubai

Dubai has become a hot spot for property investors, with thousands of expats and high-net-worth individuals flocking to the city. Experts note that property...

Gulf markets drift downward amid oil slump and rising tensions

Oil prices, a crucial driver for the Gulf's financial markets, dipped as investors reassessed the effectiveness of China's stimulus plans to bolster economic growth...

Don't miss

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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