Saudi Arabia’s non-oil economy demonstrated continued strength at the start of 2026, with business activity expanding at a solid pace throughout January, according to the latest Riyadh Bank Purchasing Managers’ Index report from S&P Global. The Kingdom’s PMI registered 56.3 in January, slightly down from December’s 57.4 but still well
Saudi Arabia is recalibrating its ambitious Vision 2030 development programme by transferring some major projects to private sector management, according to the kingdom’s economy minister, Faisal al-Ibrahim. Speaking with Reuters at the World Economic Forum in Davos, Ibrahim explained that the government is taking a flexible approach to managing its
The United Arab Emirates has achieved a historic economic milestone as its non-oil foreign trade exceeded one trillion dollars (Dh3.8 trillion) for the first time ever. The announcement came from Sheikh Mohammed bin Rashid Al Maktoum on Saturday, January 31, revealing a remarkable 26 percent surge compared to the previous
A speech by Sheikh Saif bin Zayed Al Nahyan, UAE Deputy Prime Minister and Minister of Interior, at the World Government Summit has been making waves across social media. During his session “The Impregnable Fortress,” he shared a bold vision for the country’s future that resonated with many. Here’s what
Saudi Arabia has officially opened its real estate market to foreign buyers, with the new Law on Non-Saudis’ Ownership of Real Estate taking effect on January 21, 2026. This represents one of the most significant structural reforms in the Kingdom’s property sector in decades and aligns closely with the government’s
Saudi Arabia is set to open its stock market to foreign investors starting February 1, 2026, marking a significant milestone in the Kingdom’s economic diversification efforts. The Capital Market Authority has approved sweeping regulatory changes that will grant international investors direct access to the Saudi capital market across all segments.
Recent amendments to the UAE’s Commercial Companies Law are strengthening the recognition of businesses established in the country as Emirati entities, including those operating in free zones and financial free zones. This move aims to enhance their global market positioning and access to international trade opportunities. What the Law Means
The UAE is set to deliver another year of exceptional economic performance in 2026, with Standard Chartered sharply upgrading its growth forecast to 5 per cent from an earlier projection of 4 per cent. This outlook positions the Emirates well ahead of global growth rates and underscores its emergence as
A recent surge in entrepreneurial confidence has firmly positioned the United Arab Emirates (UAE) as the most optimistic business environment on the planet. Driven by proactive government policies, robust economic diversification, and a thriving technological ecosystem, UAE-based business owners are displaying a level of assurance that defies global macroeconomic uncertainty.