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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: 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
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LONDON: The International Energy Agency sharply cut its forecasts for global oil supply and demand growth, saying both are now expected to fall from 2025 levels as war in the Middle East disrupts oil flows
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RIYADH: The Managing Director of the International Monetary Fund, Kristalina Georgieva, affirmed that the strength of the Gulf states’ economic fundamentals contributed to supporting the stability of the region’s economies during the war between the
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LONDON: Oil prices fell on Tuesday as signs of possible talks to end the US-Israeli war on Iran eased supply fears stemming from the blockade of the Strait of Hormuz. Brent futures edged 37 cents lower,
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DUBAI/WASHINGTON: The International Monetary Fund sharply reduced its 2026 growth forecast for the Middle East and North Africa to 1.1 percent on Tuesday as war chokes Gulf oil and gas exports. Iran, Iraq and Qatar
