UAE non-oil foreign trade nears Dh3 trillion in 9 months, hits record despite challenges
In a post on X, Sheikh Mohammed bin Rashid Al Maktoum said exports to the country's 10 largest trading partners rose by 31 per cent year on year
Business
Hajj plans begin early as global pilgrimage industry gathers in Jeddah
As preparations for the upcoming Hajj season commence in Saudi Arabia, the sixth Hajj Conference and Exhibition in Jeddah has gathered representatives from over 520 organizations across 150 countries. The event, spanning more than 67,000 sq. meters, focuses on establishing partnerships and logistics to enhance the pilgrim experience, showcasing advancements in transportation, accommodation, and technology, while facilitating important deal-making opportunities for airlines and hotels.
Business
Knowledge Economic City, Maaden report higher Q3 revenues as profit growth diverges
In the third quarter, Saudi Arabia’s Knowledge Economic City (KEC) and Maaden reported increased revenues, with KEC's net profit soaring 253.5% and Maaden’s revenue rising 11% to $3 billion. KEC attributed its growth to strong contributions from residential projects and a land sale, while Maaden faced mixed results across its divisions, particularly in phosphate, where production costs rose significantly despite recovering output.
Business
Nearly 9 out of 10 residents believe UAE offers better opporunities to build wealth than home country
Safety emerges as the biggest attraction for investors, while 89% believe Dubai offers better opportunities to build wealth than their home countries.