Economy

Saudi Arabia’s economy is set for steady growth, says the World Bank, with GDP projected to rise to 4.9% by 2025, supported by Vision 2030 reforms and increasing female labour participation.

Dubai’s real estate market sets a new record in Q3 2024 with over AED 140 billion in sales, driven by strong apartment and villa demand. Property values continue to rise, attracting global investors to Dubai's prime market.

Saudi Arabia is diversifying its Red Sea tourism with new mid-market and budget projects, expanding beyond luxury.

Qatar writes off SME loans to support non-oil economic growth, aiming to boost private sector viability and ease banking pressures.

The UAE exempts cryptocurrency transfers and conversions from VAT, effective from November 2024, with retroactive application from 2018.