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Category: Economy
Riyadh Metro has officially completed its six-line network with the launch of the orange line on Sunday. This milestone marks the end of a phased rollout that began in late November, according to the Royal Commission for Riyadh City. The orange line, running east to west, covers 41 kilometers between Jeddah Road and the Second...
Oman has resumed exporting copper after a 30-year pause, a move seen as a significant step in its broader economic diversification strategy. This week, Minerals Development Oman (MDO) announced the first shipment of copper concentrates from the Lasail Mine in the Wilayat of Sohar. Once a dormant industry, copper mining is now part of the...
Saudi Arabia has taken a major step in advancing its renewable energy goals by prequalifying 33 companies for its first batch of large-scale battery energy storage system (BESS) projects. The Saudi Power Procurement Company (SPPC), under the Ministry of Energy, announced the list of selected firms on December 30, 2024. These projects, known as the...
Oil prices are expected to average between $70 and $75 per barrel in 2025, down from $80 in 2024, as analysts foresee a global supply surplus and slowing demand from major economies like China. According to The National, the International Energy Agency (IEA) predicts a significant oversupply of up to 1.4 million barrels per day...
Dubai is set to come alive with creativity as Dubai Art Season 2025 kicks off from 4 January to 20 April. Under the patronage of Her Highness Sheikha Latifa bint Mohammed bin Rashid Al Maktoum, Chairperson of Dubai Culture and Arts Authority, this year’s theme, “Take a Walk on the Art Side”, focuses on enriching...
Dubai’s public transport system saw a significant increase in usage during New Year’s Eve 2025 celebrations, with a total of 2,502,474 passengers recorded, according to the Roads and Transport Authority (RTA). This marks a 9.3% rise compared to the 2,288,631 passengers reported on the same occasion last year. The Dubai Metro carried the highest number...
The UAE has declared 2024 as its most successful year in terms of economic and developmental progress since the nation’s founding. His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, shared this milestone during the first UAE Cabinet meeting of the year. In a...
His Highness Sheikh Dr. Sultan bin Muhammad Al Qasimi, Supreme Council Member and Ruler of Sharjah, met with His Excellency Ali Salem Al Dhaidi, the Consul General of Kuwait, on Thursday morning at Al Badee Palace. The visit marked the end of Al Dhaidi’s term in the UAE. During the meeting, His Highness welcomed the...
Oman is taking a significant step toward its 2050 carbon neutrality goals with the establishment of a new “Net Zero Centre.” Announced by the Minister of Energy and Minerals, Salim Nasser Al Aufi, the centre is set to play a vital role in speeding up the implementation of net-zero initiatives in the country. The Net...
Sharjah has taken a significant step to boost its economy by forming the Higher Committee for Economic Integration. The committee will focus on streamlining development across various sectors, including free zones and the mainland. This move aligns with Sharjah’s ongoing efforts to fast-track infrastructure projects and establish new business clusters, particularly for startups. The committee...