The GCC ranked ninth globally in Gross Domestic Product (GDP) at current prices in 2024, with a total output of approximately $2.3 trillion, confirming its position as an influential economic power at the international level.
Kamco Invest, a regional non-banking financial powerhouse based in Kuwait, has signed a strategic agreement with New Jersey-based PGIM, the global asset management business of Prudential Financial (PFI), to enhance and expand its investment offerings across wealth and asset management.
Bermuda, a British island territory in the North Atlantic Ocean, and the Kingdom of Bahrain discussed ways to deepen collaboration in multiple potential sectors. The duo highlighted key sectors where the two island economies could boost economic and financial ties.
Abu Dhabi Department of Economic Development (ADDED) said its 100-strong delegation wrapped up a successful visit to Italy, culminating in the signing of agreements to accelerate the growth of manufacturing, entrepreneurship and agritech sectors.
SmartCrowd, a key player in the region’s evolving proptech investment landscape, has announced the successful exit of a three-bedroom duplex apartment in global commerce hub Dubai International Financial Centre (DIFC) following a targeted value-add renovation, achieving a record sale price of AED8.7 million ($2.3 million).
The UAE’s non-oil foreign trade reached approximately AED3.8 trillion ($1.03 trillion) in 2025, recording growth of 27% compared to 2024 and 44.3% compared to 2023. It also achieved growth of 65% and 97.4% compared to 2022 and 2021 respectively, exceeding twice the level of 2019.
Dubai’s economy continued its upward trajectory in 2025, delivering strong growth that underscores its resilience and sustained momentum. Its economy expanded for the first nine months to hit AED355 billion, up 4.7% over the previous year, said a report.
Tarabut, the largest regulated open banking platform in the Mena region, has announced the acquisition of Servable, a Bahrain-founded full-stack AI engineering company purpose-built for regulated industries. The move is aimed at building the region’s most advanced regulated financial infrastructure.
Gold and silver prices tumbled on Friday as investors around the world took profits after a historic rally that sent precious metals to record highs, a retreat accelerated by a rebound in the US dollar and shifting expectations around American monetary policy.
Abu Dhabi's Supreme Council for Financial and Economic Affairs (SCFEA) has issued a resolution to consolidate the assets and investments of L’IMAD Holding Company, and the Abu Dhabi Developmental Holding Group (ADQ) under the umbrella of L’IMAD.
