The Saudi economy is proving resilient in the face of the war in the Middle East thanks to strong fundamentals and diversified logistical and oil infrastructure, said an International Monetary Fund (IMF) mission statement.
Nissan Middle East closed Fiscal Year 2025 (April 2025 to March 2026) by delivering a landmark financial and commercial performance, concluding the period as the most profitable year on record for the regional entity.
Nissan Middle East closed Fiscal Year 2025 (April 2025 to March 2026) by delivering a landmark financial and commercial performance, concluding the period as the most profitable year on record for the regional entity.
Saudi Arabia's oil sector is poised for a strong recovery next year as export routes gradually normalise and crude production returns to pre-disruption levels, according to Riyad Capital, which forecasts oil-sector growth of 14.3% in 2027.
Dubai’s real estate market recorded a sharp month-on-month recovery in April, with total registered transaction value rising 20% to AED68.6 billion ($18.7 billion), said a report. The rebound marks the first decisive recovery following a temporary slowdown in February linked to the regional geopolitical uncertainty.
Jordan-based Arab Bank Group has reported solid results for the first quarter of 2026, with 2% increase in net income after tax reaching $275.8 million when compared to $271 million for the same period last year. Compared to the same period last year, the Group’s assets grew by 9% to reach $79 billion.
The UAE-India partnership creates a huge opportunity for investors and business community of both the countries as bilateral trade will double from $100 billion to $200 billion in just seven years, said experts at a key summit in Dubai. The Indian economy is set to exceed $30 trillion by 2047 – when the country turns 100.
Saudi-based Al Ramz Real Estate Company has announced plans to set up a shariah-compliant real estate investment fund, aimed at developing a key residential project in Jeddah. Located within the Al Firdous district, the integrated community development will boast 900 residential units as well as key amenities.
The first and second phases of Saudi Arabia's Vision 2030 have delivered a qualitative leap in the Kingdom’s development, achieving a comprehensive transformation across economic and social sectors, said His Royal Highness Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince, Prime Minister, and Chairman of the Council of Economic and Development Affairs.
Automechanika Riyadh, will be back for its next edition in January at a new venue, the Riyadh Front Exhibition & Conference Center (RFECC), in a strategic move that positions the event as the kingdom’s first major automotive aftermarket gathering of the year.
