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RIYADH: Dubai’s economy maintained its positive momentum in the first quarter of 2026, with the emirate’s gross domestic product reaching 232 billion Emirati dirhams ($63.1 billion), a 2.4 percent yearly increase. According to Dubai’s Department
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RIYADH: Saudi Arabia’s industrial production rebounded 3.2 percent in May from April, led by broad gains across mining, manufacturing and utilities, official data showed. Despite the monthly gain, industrial activity remained weaker than a year
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RIYADH: Saudi Arabia’s Business Confidence Index rose to 56.6 in June from 55.6 in May, marking a third consecutive monthly gain as confidence improved across the non-oil economy. The June reading, released by the General
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RIYADH: Housing finance market developer Saudi Real Estate Refinance Co. announced the pricing completion for its third issuance of international sukuk guaranteed by the government, with a total value of $2.75 billion. According to the
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RIYADH: Oil prices rose more than 1 percent on Thursday after the US carried out fresh strikes on Iran, denting hopes for talks to end their war and for the full reopening of the Strait
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JEDDAH: Saudi Arabia’s central bank has approved Indian fintech firm TotalPay to operate as an e-commerce payment technical service provider, expanding the Kingdom’s fast-growing digital payments ecosystem. The approval from the Saudi Central Bank, or SAMA, allows TotalPay to launch operations in
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LONDON: Saudi Arabia’s investment momentum across energy, healthcare and culture continues to grow, even as renewed tensions in Iran and the Arabian Gulf continue to cloud the regional outlook. That was the message from business
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LONDON: Investors should focus less on predicting geopolitical crises and more on building resilient, adaptable business models, experts said during a panel at the BMG Economic Forum at the London Stock Exchange. The session brought
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RIYADH: Saudi Arabia’s capital market assets under management surpassed SR1.2 trillion ($320 billion) in 2025, registering an 18 percent increase, according to official figures. The annual report released by the Kingdom’s Capital Market Authority showed
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RIYADH: Serviced apartments and other hospitality facilities in Saudi Arabia saw their first year-on-year decline in the fourth quarter of 2025, while hotel prices experienced their steepest drop in five quarters. This indicates that the
