News
Saudi Arabia ranks first globally in ITU ICT Development Index as digital transformation accelerates
4+ hour, 25+ min ago (366+ words) The latest edition of the index evaluates 159 economies using two core pillars: universal connectivity and meaningful connectivity. Together, these indicators assess not only access to digital services but also how effectively people and businesses are able to benefit from modern…...
Abu Dhabi's Hub71 startups raise $2. 7 billion, generate $1. 47 billion revenue in 2025 growth surge
3+ hour, 15+ min ago (432+ words) According to official data published by Abu Dhabi Media Office, the platform recorded substantial financial and operational growth over the past year, reflecting both increased founder demand and deeper investor participation. Hub71 startups collectively raised more than AED9. 9 billion ($2. 7 billion) in funding…...
Egypt's trade with global blocs rises 16. 8 percent as exports reach $54. 4 billion in 2025
1+ hour, 41+ min ago (347+ words) Among the various blocs, the Arab Free Trade Area (AFTA) remained Egypt's strongest export destination group, with shipments increasing 22. 9 percent to $19. 8 billion in 2025, up from $16. 1 billion a year earlier. This performance underscores the continued importance of regional Arab markets in…...
UAE expands economic reach with Argentina as bilateral trade reaches $767. 5 million in 2025
1+ hour, 55+ min ago (445+ words) Dr. Thani bin Ahmed Al Zeyoudi, Minister of Foreign Trade, met with senior government and private sector officials in Argentina to discuss ways to strengthen trade and investment ties between the two countries. During the meetings, the two sides discussed…...
UAE President restructures International Humanitarian and Philanthropic Council, appoints Sheikh Theyab as Chairman
3+ hour, 30+ min ago (325+ words) Economy Middle East UAE President restructures International Humanitarian and Philanthropic Council, appoints Sheikh Theyab as Chairman UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan has issued Federal Decree No. (94) of 2026 to restructure the International Humanitarian and Philanthropic Council,…...
Gold prices rise to $4, 060. 17 as investors await key U. S. payrolls report to gauge Fed's rate trajectory
6+ hour, 7+ min ago (417+ words) Gold prices climbed on Thursday, supported by weaker-than-expected U. S. employment data and declining oil prices, as investors looked ahead to the U. S. nonfarm payrolls report later in the day for further clues on the Federal Reserve's interest rate path. Spot gold gained…...
Sheikh Hamdan approves $4. 9 billion in projects to shape Dubai's future and enhance quality of life
7+ hour, 6+ min ago (678+ words) His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Deputy Prime Minister and Minister of Defence of the UAE, and Chairman of The Executive Council of Dubai, approved new transformative strategies and projects with a…...
Stock market today: Japan's Nikkei and South Korea's KOSPI fall as AI chip sell-off deepens on spending concerns
5+ hour, 16+ min ago (466+ words) Asian stock markets slipped on Thursday as investors shifted away from semiconductor stocks after a strong quarterly performance, while currency and bond markets awaited U. S. employment data that could offer clues about the likelihood of future interest rate hikes. South Korean…...
Oil prices fall over 1 percent to $70. 82 as Iran and U. S. make progress in indirect talks
6+ hour, 41+ min ago (419+ words) Oil prices fell over 1 percent on Thursday, marking a third consecutive session of losses, after Qatar said Iran and the United States had made progress in indirect negotiations over the Strait of Hormuz, a key shipping route that accounted for…...
Saudi Arabia opens licensing window for commodity, metals exchange operations under new CMA framework
20+ hour, 50+ min ago (161+ words) Economy Middle East Saudi Arabia opens licensing window for commodity, metals exchange operations under new CMA framework The Capital Market Authority (CMA) has announced the commencement of the application window for authorization to conduct commodity exchange activities within the Kingdom…...