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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...

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,...

Higher orders boost revenues, but firms in UAE face mounting expenses and payment delays

However, for the first time in seven months, operational costs rose, forcing companies to tread cautiously about their growth outlook for the rest of...

Government sector remains top employer of Gulf nationals as GCC workforce reaches 31.8 million

The figures highlight the male-dominated workforce, with 78.7% of workers being men and 21.3% women. Meanwhile, GCC nationals account for just 17.6% of the...

GCC foreign reserves rise 7.5% to $804.1B in 2024

According to the data issued by the Statistical Centre for the Cooperation Council for the Arab Countries of the Gulf (GCC-Stat) these reserves account...

India bets big on critical minerals with ₹163 billion push to reduce import reliance

The move underscores the country's push to reduce dependence on imports, particularly for lithium, a key component in energy transition technologies. The decision, first reported...

Saudi labour courts issue over 130,000 rulings, slash case timelines

Fast-track litigation reforms have dramatically shortened the average hearing period to just 20 days from filing to closure, marking a significant leap forward in...

UK inflation cools to 2.5% in December, easing economic pressure

The decline, driven by a slowdown in service sector prices, marks a departure from two months of rising inflation. Analysts had anticipated the rate...

With 78 million jobs to emerge by 2030 this is what World Economic Forum predicts for the future of jobs

While 170 million new jobs are expected by 2030, 92 million positions will be displaced, leaving a net gain of 78 million jobs. However,...

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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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