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Browsing: Business & Economy
PIF assets hit $913bn in 2024 as Saudi fund drives economic transformation
Saudi Arabia’s Public Investment Fund (PIF) grew its assets under management by 19 per cent to $913bn in 2024, as…
GCC asset management soars 9% to $2.2tn as Saudi Arabia, UAE lead
Saudi Arabia and the UAE were the key growth engines in the retail mutual fund sector, while Kuwait and Abu…
Lulu Retail H1 revenue surges 5.9% to $4.1bn, net income up by 9.1%
Lulu Retail Holdings reported a 5.9 per cent year-on-year jump in its first six month (H1) revenue, clocking sales of…
Dubai Smart Rental Index bears fruit as landlords recalibrate pricing strategies
The Index, launched by the Dubai Land Department (DLD) in January 2025, has shifted bargaining power towards tenants and created…
The classic career arc – decades of work leading to a single, distant retirement, is being reconsidered by a new…
Bahrain’s economy expanded in the first quarter of 2025, with Gross Domestic Product (GDP) rising 2.7 per cent at constant…
Dubai taxi trips hit 60m in H1 2025 as passenger numbers top 103m
Dubai’s taxi sector recorded 7 per cent growth in the first half of 2025 compared to the same period last…
Dubai Chamber welcomes 35,500 new companies as exports hit $47bn in H1 2025
Dubai Chamber of Commerce has reported strong growth in the first half of 2025, welcoming 35,532 new member companies —…
Dubai’s MBRAH launches 16,600 sqm Sky Support Complex to meet aviation demand
The Mohammed bin Rashid Aerospace Hub (MBRAH) recently announced the launch of its new Sky Support Complex, a modern facility…
Lufthansa to relaunch Riyadh–Munich route in October 2025, boosting Saudi capacity by 50%
Lufthansa is set to expand its presence in Saudi Arabia by around 50 per cent with the relaunch of its…