GCC countries record $587.8 billion in nominal GDP by end of Q4 2024
Muscat, Oman -- The nominal Gross Domestic Product (GDP) of the Gulf Cooperation Council (GCC) countries reached US$587.8 billion by...
Economy
Dubai real estate transactions exceed $117.34 billion in first half of 2025
The number of new investors in the market reached 59,075, with investments totaling $42.74 billion, a 22 percent increase in...
Business
Analysis
Over 200 days of Sheikh Mohamed bin Zayed as UAE President: Decisions, contributions and meetings
The UAE's policy will always support peace and stability in the region and the entire world, based on wisdom and...
- The foreign visits by President Sheikh Mohamed have helped the country in diversifying relations and strengthening strategic partnerships regionally and globally
- He has issued a number of laws and decisions that contribute to supporting the state's development and progress, and consolidating its position internationally
Analysis
It’s time to recount UAE’s achievements across sectors as the country celebrates its 51st National Day
Beside successfully addressing COVID-19, the country created a distinguished development model covering all political, economic, social, scientific and cultural areas...
- Beside successfully addressing COVID-19, the Gulf country created a distinguished development model covering all political, economic, social, scientific and cultural areas in 2022
- The UAE, through its ambitious national initiatives and projects, ncreases its international competitiveness and continues the development of its legislative structure this year
Science
‘Carbon credits need more supply, integrity to meet global demand’
RIYADH, SAUDI ARABIA - Carbon credits could make a significant contribution to achieving net zero by 2050, but only if...
- Trade in voluntary carbon credits could grow 100-fold by 2050 if teething problems are addressed.
- A carbon credit allows a country or organization to produce a certain amount of carbon emissions and it can be traded if the full allowance is not used.
Science
Natural disaster losses hit US$115 bn this year, says Swiss Re
GENEVA, SWITZERLAND - Natural catastrophes have caused an estimated US$115 billion of insured losses in 2022 to date, driven by...
- Swiss Re added that so-called secondary natural disasters such as floods and hailstorms caused more than $50 billion of insured losses.
- Total insured losses topping $100 billion for a second consecutive year, said Swiss Re.
Business
Singapore has highest number of crypto job openings
Luxembourg has the second highest rate at 55.59 crypto jobs per million people.
- Luxembourg has the second highest rate at 55.59 crypto jobs per million people
- North America offers the best average salary for crypto jobs, amounting to annual earnings of $120,000
Business
Gulf countries seek to procure India’s BrahMos missile
Reports said that the UAE’s discussions with the Indian government to procure BrahMos are already in advanced stages.
- Reports said that the UAE’s discussions with the Indian government to procure BrahMos are already in advanced stages
- The discussions with Saudi Arabia which got delayed due to Covid19 pandemic, too are reported to be in advanced stages
Geostrategy
Saudi Arabia inks MOU with Spanish company to build combat ships
The agreement was signed in presence of Saudi Defence Minister Prince Khalid bin Salman and Spanish Minister of Industry, Trade...
- The agreement was signed in presence of Saudi Defence Minister Prince Khalid bin Salman and Spanish Minister of Industry, Trade and Tourism María Reyes Maroto
- Navantia "would localize up to 100 percent of naval shipbuilding, integration of combat systems, and ship maintenance
Arts & Culture
Muslim World League, Columbia University launch International Religions Lab
The lab will be a global platform for research and training in protecting societies from all forms of hatred.
- The lab will be a global platform for research and training in protecting societies from all forms of hatred
- Secretary General of the MWL Dr Al-Issa said it was important to create a world of more understanding, cooperation and peace
Business
DMCC signs agreement with Poland’s KSEZ to boost business ties
Dubai, UAE— Dubai Multi Commodities Centre (DMCC) has signed an agreement with the Katowice Special Economic Zone (KSEZ) to create...
- The agreement will see DMCC and KSEZ work closely together to exchange knowledge and professional expertise, in turn further connecting the two countries’ business communities
- DMCC has played a significant role in enhancing UAE-Poland commercial relations and is currently home to over 40 leading Polish businesses
Business
Strata announces new collaboration with Pilatus
The amended framework agreement with the leading Swiss aircraft manufacturer is set to further cement the collaboration between Pilatus and...
- The amended framework agreement with the leading Swiss aircraft manufacturer is set to further cement the collaboration between Pilatus and Strata
- Strata’s operations for Pilatus will be extended to feature 3 WPs for Pilatus PC-12 and PC-24, crafted with Strata’s signature use of Carbon Fiber
Most Read
Revenue from Saudi cinema may exceed $1bn by 2030KSA, UAE play well as e-gaming trends across GCCExclusive: Middle East’s retail sector rides on AR and hybrid shopping to become $600bn digital economyTECOM Group profit soars 13%UAE startups eye Saudi Arabia for growth, expansionSaudi Arabia leads GCC AI healthcare raceDisparity remains as Saudis, Emiratis see wealth gains
GCC countries record $587.8 billion in nominal GDP by end of Q4 2024
Muscat, Oman -- The nominal Gross Domestic Product (GDP) of the Gulf Cooperation Council (GCC) countries reached US$587.8 billion by...
Economy
Company News
Latest News
HPDC, HDC ink agreement
Business
Spain urges WTO meet in UAE to address de-globalization
ABU DHABI, UAE - Madrid wants the upcoming 13th Ministerial Conference (MC13) of the World Trade Organization (WTO) here next...
Business
Ras Al Khaimah witnesses rise in issue of valid business licenses in 2023
RAS AL KHAIMAH, UAE - The economic growth of the Emirate continued to accelerate in 2023, with the Department of...
Business
Schneider Electric, Charge&Go ink pact
The aim is to develop EV charging facility in the UAE.
Business
Most Read
Business
KACST, ACWA Power sign pact
The aim is to develop technologies for clean energy.
- The center will conduct studies, scientific research, and work to attain technical development in clean energy and water sector.
- It will also work in developing solar energy technologies, energy storage technologies to support future energy networks.
Business
SIB, Noqodi sign agreement
The Noqodi platform will enable digital payments.
- This pact aims to improve digital and electronic payment offerings available to SIB's corporate and individual business customers.
- SIB's business clients will gain access to a broader range of digital payment solutions for seamless fee payments across various products.
Business
Cisco identifies major AI trends for 2024
DUBAI, UAE – Developments in Artificial intelligence (AI) have been impacting businesses, governments and economies across the world. Advancements in...
- The Cisco index focuses on what organizations can do to adopt AI in 2024.
- It also says how innovators can leverage that technology to remain competitive.