UAE GDP reaches $517 billion as economy grows 6.2 percent
Non-oil activities drove growth as construction, finance, real estate and transport sectors posted robust gains, underscoring diversification efforts and long-term...
Economy
Firms lag as AI-driven fraud surges: Study
The report, published by the Association of Certified Fraud Examiners and analytics firm SAS, highlights widening gaps between rapidly evolving...
Business
Economy
From entertainment to economics: GCC govts make room for creators in their national vision plans
In Saudi Arabia's Vision 2030, digital content creation is a key pillar of economic transformation, and Qatar National Vision 2030...
- The UAE, Qatar, Saudi Arabia and Bahrain have seen a big boom in the emergence of bloggers, influencers, and content creators who are gaining a substantial following
- The Gulf region - home to a predominantly young population, with over 50% being under the age of 25 in 2021 - has 90% smartphone penetration
Economy
China manufacturing shrinks in August despite new US trade truce
Beijing, China -- China's factory output ticked up in August but still recorded a fifth straight month of contraction, official...
- The Purchasing Managers' Index -- a key measure of industrial output -- was 49.4, the National Bureau of Statistics (NBS) said, up slightly from 49.3 in July.
- The last time China recorded a figure above 50 -- indicating growth -- was in March.
Business
UAE continues to attract major global companies for new headquarters
Dubai, UAE -- The United Arab Emirates has continued to attract global companies looking to establish regional or global headquarters....
- This trend is supported by the country's legislative and digital infrastructure, as well as its strategic location.
- A report from the Kearney Foundation ranked the UAE second among emerging markets in its "FDI Confidence Index 2025."
Economy
How Viet Nam’s informal waste workers are leading the plastic pollution fight
Behind nearly 90% of all plastic recycled in Viet Nam is someone like Ms Nguyen Thi Kenh or Ms Nguyen...
- In the Vietnamese capital, Hanoi, nearly 10,000 women collect plastics for recycling, part of an army of informal waste workers
- Viet Nam accounts for 1.8 million tonnes of plastic waste annually, with about 27% of that recycled, making the country a potential leader in tackling the problem
Economy
Fed governor calls for rate cut at September policy meeting
A governor of the US Federal Reserve, Christopher Waller, said Thursday that the central bank should lower its key interest...
- US Federal Reserve, Christopher Waller enthusiasm echoes President Donald Trump's eagerness to cut the rate that is central to US banking and borrowing
- For months the Republican president has called for the cut repeatedly, despite resistance from current Fed chairman Jerome Powell
Economy
Saudi Bank credit grows by over 116 billion in one year by June 2025
Riyadh, Saudi Arabia - Bank credit extended to the public and private sectors in the Kingdom continued its upward trend,...
- The total bank credit also recorded a quarterly growth of 2.7% by the end of the second quarter of the current year
- Every month, bank credit rose by 0.6% with an increase of USD 4.99 billion (SAR 18,713 million) compared with May 2025, when it stood at USD 844.68 billion (SAR 3,167,558 million)
Economy
25 countries suspend postal services to United States over tariffs: UN
The Trump administration said late last month that it will abolish a tax exemption on small packages entering the United...
- The move has sparked a flurry of announcements from postal services, including in France, Britain, Germany, Italy, India, Australia and Japan.
- The United Nations' Universal Postal Union said he suspensions will remain in place until there is more clarity on how US authorities plan to implement the announced measures.
Economy
Saudi non-oil exports increase by 17.8 percent in second quarter
Riyadh, Saudi Arabia -- Saudi Arabia’s non-oil exports rose by 17.8 percent in the second quarter of 2025, according to...
- The increase included a 46.2 percent rise in re-exports, while national non-oil exports excluding re-exports grew by 5.6 percent.
- In Q2 2025, a 15.8 percent decline in oil exports dragged total merchandise exports down by 7.3 percent year-on-year.
Economy
Egyptian farmers behind world’s perfumes face climate fight alone, yield drops by half
For years, Egyptian jasmine picker Wael al-Sayed has collected blossoms by night in the Nile Delta, supplying top global perfume...
- As temperatures rise the flowers bloom less and daily harvest has dropped from six kilograms to just two or three in the past two years
- With the Nile Delta also vulnerable to the rising Mediterranean water levels, which affect soil salinity, jasmine farmers are on the front line of a heating planet
Economy
Israeli bulldozers uproot hundreds of trees in West Bank village, most of them olive trees
"The goal is control and forcing people to leave. This is just the beginning -- it will expand across the...
- Abdelatif Mohammed Abu Aliya, a local farmer from the village near Ramallah, said he lost olive trees that were over 70 years old on about one hectare of land
- "They completely uprooted and levelled them under false pretences," he said, explaining he and other residents had already begun replanting the pulled-up trees
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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
UAE GDP reaches $517 billion as economy grows 6.2 percent
Non-oil activities drove growth as construction, finance, real estate and transport sectors posted robust gains, underscoring diversification efforts and long-term...
Economy
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Web Summit Qatar 2026 in Doha draws 30,000 participants, global tech leaders
The summit features a high-profile lineup of speakers, including Canva co-founder Cliff Obrecht, IBM Chief Impact Officer Justina Nixon-Saintil, Twitch...
Gaming, esports GCC’s new growth play
Saudi Arabia and the UAE are leading the gaming surge with world-class ecosystems and youth-driven expansion. Across the region, governments...
Economy
Gold, silver prices tumble as investors soothed by Trump’s Fed pick
Gold and silver prices dived Friday, European stock markets ended the week up while Wall Street fell slightly with investors reassured...
Economy
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Economy
Qatar announces $430 mn in support for Lebanon
A visiting Qatari official on Monday announced a multi-million dollar aid package for Lebanon, primarily to support the country's crumbling...
- In a separate statement, the Qatar Development Fund said the package was valued at about $430 million, the majority of it to support the energy sector
- "The support includes a contribution of up to $400 million to support the energy sector," of which 10 percent would be allocated as a grant, it added
Economy
WEF26: Saudi Arabia positions itself as ‘connector economy’ amid shifting global trade
Saudi Arabia is seeking to leverage changes in global trade and supply chains to position itself as a “connector economy,”...
- Speaking at a session titled ‘Many Shapes of Trade’, Commerce Minister Majid A. Alkassabi said global trade was moving toward a more regulated framework, offering new opportunities
- Tourism Minister Ahmed A. Alkhateeb highlighted the potential of travel during a session titled ‘The New Geography of Travel: Elevating Destinations, Expanding Opportunities'
Economy
Building the Gulf’s Knowledge Future: Education, Innovation, Talent
Florin Vasvari of London Business School says a knowledge economy requires educated local talent, global expertise and supportive regulation, tax...
- A knowledge economy rests on educated local talent supported by global expertise, enabling innovation and diversification in the UAE and Saudi Arabia, Florin Vasvari told TRENDS
- Technology investment must be matched by strong leadership, risk-taking culture and lifelong learning to drive real productivity gains, he adds