Economy News

KSA to get specialised logistics zone

A new 1.5 million sq. metre logistics zone will be established in Falcons City, north of Riyadh, with an investment of $1.06bn.

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Economy News

UAE and EU highlight economic ties

Bilateral non-oil trade between the UAE and the European Union (EU) reached $67.6bn in 2024, marking a 3.6% increase from the previous year.

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Economy News

EV brand reports 200% growth in UAE

EV brand Zeekr has reported over 200% growth in January 2025, setting an ambitious target of 400% annual expansion.

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Economy News

UAE-US strategic partnership strengthens

The UAE and the US continued to deepen their five-decade-long strategic partnership during an official visit to the US by HH Sheikh Tahnoon bin Zayed Al Nahyan, Deputy Ruler of Abu Dhabi and National Security Adviser.

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Economy News

KSA to host Sports Investment Forum 2025

Saudi Arabia is set to host the Sports Investment Forum 2025 from April 7 in Riyadh, under the patronage of the Ministry of Sport and the Ministry of Investment.

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Economy Entrepreneur News Startup

New partnership to boost Oman’s SMEs

A new partnership seeks to offer integrated mobile, fixed, and ICT solutions alongside tailored financial packages to enhance efficiency and growth for SMEs in Oman.

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Economy News

New F1 movie trailer showcases Abu Dhabi

Abu Dhabi takes centre stage in the newly-released trailer for Apple Original Films movie F1, starring Brad Pitt.

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Economy News

Bank of Sharjah hit record performance in 2024

Bank of Sharjah has reported record-breaking financial results for the year ended 31 December 2024, posting a profit before tax of $113m, marking a dramatic turnaround from the $75m loss in the previous year. The bank’s net profit after tax surged to $105m, driven by revenue growth, cost control, and risk management.

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Economy News

Aldar raises $500m in oversubscribed green sukuk

Aldar Investment Properties has successfully raised $500m through a 10-year green sukuk (a sharia-compliant bond), with the issuance oversubscribed 7.2 times, attracting $3.6bn in orders. Strong investor interest saw 61% of allocations from regional investors and 39% from international investors.

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Economy Entrepreneur News Startup

New phone payment solution targets startups, SMEs

A new tap-on-phone payment solution has been launched with the goal of revolutionising the way businesses in the UAE process transactions.

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