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‘Wadeem’ sold out for $1.49bn

This is the highest Abu Dhabi real-estate release to date.

Tesla Q2 sales down 13.5%

Shares rally after the disclosure, better than some forecasts.

TomTom cuts 300 jobs

The firm said it was realigning its organization as it embraces AI.

Aldar nets $953m in sales at Fahid

Aldar said 42 percent of the buyers are under the age of 45.

Qualcomm to Alphawave for $2.4 bn

The deal makes Alphawave the latest tech company to depart London.

Saudi economy is 30% of $2.39 trillion Arab economy

    • The kingdom is almost twice the size of the region’s second-largest economy, Egypt

    • The UAE is the third largest Arab economy with GDP of $354.3 billion

    The Saudi economy alone was 29.3 percent of the $2.39 trillion Arab economy in 2020.

    The Kingdom’s $700.1 billion in nominal GDP was almost twice the size of the region’s second-largest economy, Egypt’s $361.9 billion, Al Eqtisadiah reported, citing data from the Saudi Arabian Monetary Authority, the International Monetary Fund and Arab statistical bodies. 

    The UAE was the third largest Arab economy with GDP of $354.3 billion. The six countries of the Gulf Cooperation Council had combined GDP of $1.41 trillion, 58.8 percent of the Arab economy.

    The Arab world represents 2.8 percent of the global economy, and would rank eighth, behind France, if it was a single country.