Economy

Banks across the GCC — including in Saudi Arabia, Qatar, Bahrain, and the UAE — have mirrored the US Federal Reserve's rate cut, with interest rate reductions aiming to bolster credit-driven growth in the Gulf.

ADNOC L&S strengthens its global logistics fleet with a $4.4 billion contract to build supertankers, advancing its low-carbon and AI-driven maritime strategy.

Emirates Group has reported unprecedented growth in profitability, revenue, and customer demand, with a strong half-year performance fueled by new routes, sustainability initiatives, and extensive investments in premium services.

Lulu Retail’s record-breaking IPO raises AED 6.32 billion, with robust investor interest signalling strong confidence in the UAE retail giant’s growth potential.

Riyadh Air, Saudi Arabia’s newest airline, weighs Boeing and Airbus for a major wide-body jet order, poised to transform the region’s aviation landscape with a strategic fleet expansion.