Gains for oil prices were relatively modest, while gas futures were unmoved after Israel's strikes Tuesday against Hamas in gas-rich...
Oil ministers in the V8 grouping -- comprising Saudi Arabia, Russia, Iraq, the United Arab Emirates, Kuwait, Kazakhstan, Algeria and...
Statistical estimates published by the Statistical Centre Abu Dhabi said the construction sector grew by 19.1 percent in the second...The manufacturing activity grew by 7 percent compared to the same period last year, with the sector recording its highest quarterly value-added since 2014.
Abu Dhabi's financial sector recorded a robust growth of nearly 30 percent, also its highest growth rate since 2014.
Riyadh, Saudi Arabia - Saudi Arabia has so far issued 162 regional center licenses to the companies relocating their headquarters...The headquarters will operate in strict accordance with Saudi laws, providing crucial support, management, and strategic direction to their branches
The Ministry of Investment has enacted a mechanism to offer premium residency status to executives working within these regional headquarters
The Gulf kingdom, the world's biggest crude exporter, had planned for a surplus of 16 billion Saudi riyals ($4.27 billion)...Oil revenue this year has fallen by 17 percent as prices have dipped and Riyadh has cut production in a bid to boost them
Daily output is currently nine million barrels per day, down two million barrels from this time last year
"The Summit acts as a nexus, uniting government officials, international organizations, business magnates, community institutions, scholars, and innovators. This collective...The World Governments Summit Organization emphasizes global dialogue and partnerships
The Summit acts as a nexus for government officials, scholars, and innovators, says a UAE official
Tripoli, Libya--Libya and Italy have signed an agreement to enhance cooperation to enable air transport companies to operate charter and...In September, a Rome-bound aircraft departed from Tripoli restarting flights to Italy after a nearly decade-long suspension due to an EU ban
The agreement looks to boost cooperation between air transport companies to operate charter and regular flights between the two countries
Riyadh, Saudi Arabia - Saudi Arabia is among the top 10 countries in the world in coffee consumption, leading the...The Kingdom hosts more than 2,535 coffee farms in the Southern Region, including over 500 model coffee farms
The country has also signed an agreement for the establishment of the Kingdom's first coffee city
RIYADH, SAUDI ARABIA - The Kingdom of Saudi Arabia signed a memorandum of understanding (MoU) with Pakistan here on Sunday...Under the terms of the MoU, Saudi Arabia and Pakistan will strengthen their SME and start-up ecosystems.
They will cooperate on policies, regulations and legislation in the digitization and electronic manufacturing sectors.
Riyadh, Saudi Arabia -- Consumer spending in Saudi Arabia grew 8 percent to SAR 115.4 billion ($30.76 billion) in August 2023, from...Consumer spending includes total cash withdrawals, point-of-sale (POS) transactions and e-commerce sales through "Mada".
E-commerce sales through Mada cards increased 27 percent YoY to SAR 14.4 billion in August, marking the highest-ever sales value.
RIYADH, SAUDI ARABIA - ROSHN Group, one of the Public Investment Fund (PIF) subsidiaries, announced on Sunday the opening of...SEDRA phase three will add 3,438 more houses to ROSHN’s first integrated development; 1,904 units are for sale in this initial sales tranche.
SEDRA 3 offers prospective residents eight options of floor plans and eleven facades, in single- or multi-family configurations,
The government has capped property rent increases at 25 percent for households, and aligned them with the official inflation rate...Rents in Turkey have soared by an average of 121 percent over the past year, according to a study published by Bahcesehir University in August
Inflation approached 60 percent in August, but independent t economists say consumer price increases actually reached at least 128 percent
