Kuwait air traffic returns to normal, flights resume QatarEnergy announces new oil discovery offshore Namibia UAE developer Alef launches $1.1bln mixed-use development in Sharjah ADNOC eyeing Canada upstream and LNG opportunities via XRG arm, executive says Dubai real estate deals in April surge to $18.7bln Saudi's SAMA mandates advance notification of investment rounds by financing companies Qatar maritime trade activity accelerates in May Oil steadies as uncertainty over US-Iran talks keeps markets on edge Qatar: Relatively hot daytime conditions expected, moderate night Dubai Centre for Family Businesses explores ways to strengthen business adaptability Saudi Crown Prince, UAE President discuss regional security and cooperation UAE President and Qatar’s Emir discuss fraternal ties and regional developments in phone call Flydubai operates 3,800 flights in March, posts high net promoter score Oman Investment Bank names new CEO Saudi sovereign investor PIF mandates 3yr, 7yr, 30yr USD issuance Abu Dhabi's TA’ZIZ Methanol JV secures $2bn financing for methanol plant Emirates airline posts record net profit despite war impact Qatar unveils support package to steady markets, boost investor confidence Saudi Vision 2030 milestones forge a stronger, diversified, and resilient economy Abu Dhabi non-oil trade jumps 36% to $113bln in 2025; exports rise 63% Qatar's GTA extends 2025 tax return submission deadline until June 30 Qatar targets strategic FDI as global competition intensifies New pharma plant opens in Nizwa, boosting Oman’s drug security Jeddah Tower hits new construction milestone; tops 100 floors Qatar’s banking assets touch $596bln in February: QNBFS Dubai Holding Real Estate, ENBD partner to offer financing for key projects Ajman DED issues 1,617 new licences, renews 8,777 in Q1 Saudi: SFDA begins classifying fines according to size of establishment in bid to support MSMEs Burjeel Holdings strengthens growth outlook Saudi Arabia raises its oil price for Asia

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Kuwait oil price down 32 cents to USD 76.28 pb

Kuwait oil price down 32 cents to USD 76.28 pb

Mar 26, 2025

At the global markets, the price of the Brent crude and West Texas Intermediate both went up by 84 and 83 cents to USD 73.00 pb and USD 69.11 pb respectively

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UAE economy resilient amid global trade war, says expert

UAE economy resilient amid global trade war, says expert

Mar 26, 2025

Commenting on the UAE’s status in light of these global financial measures, Razan Hilal, Market Analyst, CMT at Forex.com confirmed that despite global market uncertainty, the UAE’s economy remains resilient

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Orascom Construction, Técnicas Reunidas ink $2.6bln EPC contract for Saudi power plant expansion

Orascom Construction, Técnicas Reunidas ink $2.6bln EPC contract for Saudi power plant expansion

Mar 25, 2025

Orascom Construction and Técnicas Reunidas have already received the Limited Notice to Proceed

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New initiatives unveiled at 6th Al Multaqa meeting to empower Abu Dhabi’s private sector

New initiatives unveiled at 6th Al Multaqa meeting to empower Abu Dhabi’s private sector

Mar 25, 2025

The event reflected the emirate's effective economic diversification strategy, proactive policies, and significant investments in key sectors

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Opinion-Economic importance of local content in Oman

Opinion-Economic importance of local content in Oman

Mar 25, 2025

Mitigating Reliance on Imports: Strengthening local businesses leads to a decline in expensive imports, improving Oman’s foreign trade balance, foreign currency reserves, and overall making the country’s economy self-reliant

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Kuwait oil price drops to $74.73 pb

Kuwait oil price drops to $74.73 pb

Mar 25, 2025

In global markets, Brent crude futures moved up by 22 cents to USD 70.78 per barrel and the West Texas Intermediate oil climbed by 26 cents to reach USD 67.16 pb

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Ajman Chamber, Ministry of Economy discuss facilitating issuance of certificates of origin

Ajman Chamber, Ministry of Economy discuss facilitating issuance of certificates of origin

Mar 24, 2025

The aim is to facilitate trade, improve export procedures, and increase flexibility as part of the national "Zero Government Bureaucracy" programme

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Kuwait oil price increases 98 cents to reach $75.71

Kuwait oil price increases 98 cents to reach $75.71

Mar 24, 2025

In global markets, Brent crude futures went up by USD 1.22 to USD 72.00 per barrel, as West Texas Intermediate also rose by USD 1.10 to reach USD 69.26 pb

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Qatar: Commercial Bank holds AGM and EGM

Qatar: Commercial Bank holds AGM and EGM

Mar 24, 2025

These include the recommendation of the Board of Directors to distribute a cash dividend of QR0.30 per share, equivalent to 30% of the nominal share value

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