World Bank raises Saudi Arabia’s real GDP growth forecast to 7.9 percent in 2027
The revised forecast represents an increase of about three percentage points and comes as the bank expects the Saudi economy...
Economy
US consumer confidence hits its lowest level since 2014 on higher cost of goods, services
The Conference Board’s gauge of confidence decreased 6.7 points to 81.9 after a downward revision to the prior month, data...
Economy
Global economy stabilizes as fiscal room narrows, WEF says
Expo 2020 DUBAI
Geostrategy
UN says Gaza faces worst economic crisis, needs $71.5 billion for recovery
The United Nations Conference on Trade and Development (UNCTAD) 92% of its economic establishments damaged or destroyed and more than...
- Gaza's GDP per capita stood at just $212 in 2025, equivalent to about $0.58 per person per day in GDP terms and only 17% of its 2022 level.
- Unemployment reached 78%, while more than 90% of the working-age population was without employment.
Business
Saudi Arabia, UAE climb WEF Tourism Index despite Middle East conflict disruption
Saudi Arabia jumps 17 places since 2019 on workforce reform and Vision 2030 investment, while the UAE tops the world...
- Saudi women now hold 47% of tourism jobs, up from just 5% in 2018, WEF's index shows.
- Middle East aviation traffic fell 46.6% year-on-year in April 2026 after the regional conflict escalated sharply.
Expo 2020 DUBAI
Global economy stabilizes as fiscal room narrows, WEF says
World Economic Forum survey finds improving global outlook, but tighter fiscal space, geopolitical risks, AI investment uncertainty and living costs...
- Chief economists see resilience shifting from spending toward supply chains, technology and energy adaptation as fiscal support fades.
- AI adoption is expected to accelerate while data-centre expansion raise electricity and water prices and face community resistance.
Opinion
As AI joins the workforce, who gives it authority?
The first generation of enterprise generative AI largely answered questions, summarised documents and produced content. A human usually remained responsible...
- AI agents are gaining autonomy across enterprises, making clearly defined authority, permissions and accountability essential for responsible deployment.
- Saudi Arabia’s early adoption of agentic workflows gives organisations an opportunity to shape governance models for autonomous enterprise systems.
Economy
70% Saudization for project management jobs from February 2027
Saudi Arabia's Ministry of Human Resources and Social Development (HRSD), in partnership with the Ministry of Municipalities and Housing (MOMAH),...
- The decision covers private-sector establishments employing at least three workers in targeted project management professions.
- Support includes recruitment, training, qualification, job retention and priority access to Saudization programs for covered employers.
Geostrategy
SpaceX launches two Falcon 9 rockets 38 minutes apart
SpaceX launched two Falcon 9 rockets from opposite US coasts just 38 minutes apart on Saturday, setting a new launch...
- Two Falcon 9 rockets launched from Florida and California, carrying Globalstar satellites and a classified US Space Force mission.
- Globalstar's eight satellites were successfully deployed, while the second rocket carried the classified USSF-366 mission.
Economy
UAE hiring rebound gains momentum as talent flows recover, report says
The the UAE Economic Graph Report 2026 by LinkedIn and the Ministry of Foreign Trade says real estate led hiring...
- Real estate led sectoral hiring growth, while education, construction, healthcare and logistics also exceeded national hiring averages.
- Female representation in leadership rose to 21.9 percent in 2025, from 18.8 percent a decade earlier.
Opinion
Cyber resilience is more than recovering from an attack
The question is no longer if an organization will experience a cyber incident. It is how well it will respond...
- Organizations increasingly adopt "assume breach" strategies, prioritizing detection, response and recovery alongside traditional preventive cybersecurity investments today.
- AI and automation accelerate threat detection and recovery, while boardrooms increasingly measure cybersecurity through business resilience outcomes instead.
Economy
UAE records solid first-quarter growth as non-oil sectors account for nearly 80% of GDP
Real GDP rose to $132.0 billion at constant prices in the January-March period, while non-oil GDP expanded 4.8 percent, increasing...
- Finance, construction and technology-led industries powered growth despite regional challenges, underscoring resilience of the diversified economy.
- Real estate activities grew 4.8 percent, public administration, defence and compulsory social security rose 4.5 percent, while wholesale and retail trade expanded 2.6 percent.
Research
Saudi mega-projects could generate 35% of power needs through on-site renewables
A BCG report says rooftop solar and decentralized renewable systems can lower electricity costs, reduce emissions and help developers meet...
- Study says early renewable integration avoids costly retrofits while improving long-term project returns through flexible financing options.
- Report highlights Saudi regulatory reforms and strong solar resources as key drivers accelerating renewable adoption across urban developments.
World Bank raises Saudi Arabia’s real GDP growth forecast to 7.9 percent in 2027
The revised forecast represents an increase of about three percentage points and comes as the bank expects the Saudi economy...
Economy
Company News
Latest News
IMF says Omicron could slow global growth
According to the economists, Omicron's threat to economy will likely be less severe than the previous waves.
Qatar takes key step to control own airspace
Qatar said on Tuesday that it has been given a preliminary green light by a UN body on a proposal...
G20 ministers set to green light global tax reform
Finance ministers from the G20 richest nations are expected to give the green light Saturday to a historic deal to...
Saudi Arabia to generate $150 billion in investments from its new transport policy
The government would provide thirty-five percent of the investments The rest of it, sixty-five percent, will come from the private...
Saudi Arabia to create 40,000 jobs for its nationals
Job creation is part of Saudi strategy to help residents obtain high-quality jobs The strategy seeks to push more Saudi...
Global economy stabilizes as fiscal room narrows, WEF says
World Economic Forum survey finds improving global outlook, but tighter fiscal space, geopolitical risks, AI investment uncertainty and living costs...
Expo 2020 DUBAI
As AI joins the workforce, who gives it authority?
The first generation of enterprise generative AI largely answered questions, summarised documents and produced content. A human usually remained responsible...
Opinion
70% Saudization for project management jobs from February 2027
Saudi Arabia's Ministry of Human Resources and Social Development (HRSD), in partnership with the Ministry of Municipalities and Housing (MOMAH),...
Economy
Most Read
Economy
UAE hiring rebound gains momentum as talent flows recover, report says
The the UAE Economic Graph Report 2026 by LinkedIn and the Ministry of Foreign Trade says real estate led hiring...
- Real estate led sectoral hiring growth, while education, construction, healthcare and logistics also exceeded national hiring averages.
- Female representation in leadership rose to 21.9 percent in 2025, from 18.8 percent a decade earlier.
Opinion
Cyber resilience is more than recovering from an attack
The question is no longer if an organization will experience a cyber incident. It is how well it will respond...
- Organizations increasingly adopt "assume breach" strategies, prioritizing detection, response and recovery alongside traditional preventive cybersecurity investments today.
- AI and automation accelerate threat detection and recovery, while boardrooms increasingly measure cybersecurity through business resilience outcomes instead.
Economy
UAE records solid first-quarter growth as non-oil sectors account for nearly 80% of GDP
Real GDP rose to $132.0 billion at constant prices in the January-March period, while non-oil GDP expanded 4.8 percent, increasing...
- Finance, construction and technology-led industries powered growth despite regional challenges, underscoring resilience of the diversified economy.
- Real estate activities grew 4.8 percent, public administration, defence and compulsory social security rose 4.5 percent, while wholesale and retail trade expanded 2.6 percent.