Bahrain’s economy has grown five-fold over the past two decades, with the GDP rising from $9 billion to over $47 billion by the end of 2024, said a top government official, in a key achievement within the kingdom’s broader development journey.
The UAE’s tourism sector continued its strong upward trajectory in 2025, consolidating its position as one of the country’s most dynamic economic sectors, contributing AED257 billion ($70 billion) to GDP and setting new visitor records for the year, said a report.
The global GDP is projected to surge 2.8% in 2026, led by stronger momentum in the US and resilient exports from China, while the euro zone benefits from targeted fiscal support despite longer-term challenges, said Goldman Sachs Research in its new report.
With green revenues growing twice as fast as conventional revenues, the global green economy has topped $5 trillion and is set to exceed $7 trillion by 2030, creating an abundance of growth opportunities for businesses worldwide, said a report.
Saudia Cargo, a leading national cargo carrier, said it has signed a strategic agreement with Saudi Export Development Authority in a move aimed at supporting the competitiveness of local products and boosting their spread and access to international markets.
In a landmark move, the Saudi cabinet, chaired by HRH Crown Prince Mohammed bin Salman, has announced the cancellation of the fees imposed on expatriate labour in industrial facilities, reported SPA. This decision reflects the kingdom’s leadership's ongoing support for the industrial sector.
The automotive sector is heading for radical operational efficiency as a range of top automakers rapidly integrate advanced robotics into their assembly lines. By 2030, at least one automaker will achieve fully automated vehicle assembly, says Gartner in its new study.
Saudi oil giant Aramco has announced 17 MoUs and agreements with a potential total value of more than $30 billion with major companies in the US, through its Aramco Group Companies. These are aimed at supporting Aramco’s strategic growth objectives while enhancing its shareholder value.
Oman's Public Establishment for Industrial Estates (Madayn) has announced that it has achieved remarkable growth across all performance indicators in the first half with its total cumulative investment volume surging to nearly RO7.8 billion ($20.2 billion), up 2% over last year.
Global financial leaders discussed the future of investment strategies, financial governance and sustainable growth in a rapidly evolving global economy at an executive roundtable held in Manama. It was hosted by EMIC Training in collaboration with Bentley University.
