UAE deploys $272mln fund to bolster critical industries Etihad Rail, AD Ports launch direct Fujairah-Abu Dhabi freight service Sharjah-Oman logistics corridor cargo value jumps 66% to $463mln Saudi Arabia seeks greater private-sector role in industrial growth Oman Islamic banking assets top over $24bln Salama, Ajman Bank establish strategic partnership CBUAE, Mastercard conclude programme to strengthen national capabilities in fraud risk management Qatar Chamber enhances trade relations with Malaysia's Malacca State Saudi business confidence climbs to 56.7 points on industry, services gains Qassim Cement to acquire 100% of A-Mix for $17.3mln Oman, US discuss financial crime cooperation Saudi's HADAF invests $522mln through 26 strategic partnerships to train, employ 16,000 citizens Qatar, North Macedonia sign agreement to strengthen cooperation in labour sector Sharjah draws investment projects worth $2.1bln in 2025 Saudi Arabia records $1.54bln in POS transactions in one week UAE non-oil growth hits fastest pace since December 2024, PMI shows Oman’s non-oil exports rise 11.4% to $9.3bln, re-exports jump 20% UAE participates in second G20 Finance Ministers and Central Bank Governors meeting Saudi Arabia and Syria sign 4 pacts to boost cooperation in transport and logistics sectors Geological assets drive mining, manufacturing growth in Fujairah RAK Chamber explores trade, investment opportunities at UAE-Lebanon Business Forum Saudi Arabia agrees to raise Pakistani agricultural and food exports to $3bln UAE investment council launches data tools to boost overseas investment Oman's public revenue rises 13% to $17.2bln in first half of 2026 Saudi Arabia’s construction costs rise 2.3% in July 2026 ADIB provides $37mln Islamic financing for Glasgow logistics hub Oman’s tea and coffee imports hit record highs Total value of Bahraini exports hit $5.04bln Oman: ARA eyes Q3 2027 gas pipeline launch Oman: Sohar International establishes innovation hub at Terminal 11 to support fintech growth

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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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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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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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Saudi Arabia and Pakistan to further enhance bilateral ties

Saudi Arabia and Pakistan to further enhance bilateral ties

Mar 24, 2025

They explored avenues for enhancing bilateral cooperation across various fields

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Dubai Chamber of Commerce launches Hungarian Business Council

Dubai Chamber of Commerce launches Hungarian Business Council

Mar 20, 2025

The number of companies from Hungary registered as active members of Dubai Chamber of Commerce reached 201 at the end of 2024, achieving annual growth of 48%

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