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Sehaj Singh

UAE Stock Markets Rise Despite Ongoing Regional Uncertainty

Dubai and Abu Dhabi indexes post gains as investors remain confident UAE financial markets ended the week higher despite stalled diplomatic talks and continuing regional tensions. Dubai’s main stock index rose 0.9%, supported by gains in industrial and utilities companies, while Abu Dhabi’s benchmark index advanced 0.3%. Market analysts say investor confidence remains resilient because […]

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Gulf Stock Markets Mixed as Investors Watch Regional Diplomacy

Dubai gains while Saudi market edges lower Gulf stock markets ended mixed on 5 June as investors monitored developments related to regional diplomacy and energy prices. Dubai’s main market posted gains led by property stocks, while Saudi Arabia’s benchmark index slipped slightly due to weakness in banking and energy shares. Market analysts say investor sentiment

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Saudi Arabia and Russia Call for Stable Global Energy Markets

Energy cooperation remains key amid uncertain demand outlook Saudi Energy Minister Prince Abdulaziz bin Salman met Russian officials during the St. Petersburg International Economic Forum and emphasized the need for stable global energy supplies. Both countries highlighted uncertainty surrounding future oil demand and reaffirmed cooperation on energy market stability. Industry experts say the discussions could

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Riyadh Introduces Flexible Working Hours Across Major Business Districts

New initiative supports productivity and urban development goals Saudi Arabia has launched flexible working hours in six major business districts across Riyadh. The initiative aims to reduce traffic congestion, improve employee productivity, and enhance quality of life while supporting the Kingdom’s Vision 2030 modernization efforts. Business leaders believe the move could increase workplace efficiency and

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UAE Non-Oil Business Activity Continues Expanding Despite Trade Challenges

Private sector growth remains positive as companies adapt The UAE’s non-oil private sector continued growing during May, with the PMI rising to 52.6. Businesses faced delays in shipping and logistics due to disruption around regional trade routes, but overall activity remained in expansion territory. Companies remain optimistic about future growth, supported by strong domestic demand

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Saudi Arabia’s Non-Oil Economy Hits Three-Month Growth High

Domestic demand drives private sector expansion despite regional challenges Saudi Arabia’s non-oil private sector recorded its fastest growth in three months during May 2026, according to the latest PMI data. Improved domestic demand, stronger business activity, and stabilizing supply chains helped boost economic performance. While export orders remain under pressure from regional tensions and shipping

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Digital Payments Expansion Accelerates Across Saudi Arabia and GCC

New partnerships boost fintech and e-commerce growth Digital payment adoption across Saudi Arabia and the GCC continues to accelerate as payment technology providers expand partnerships with major retailers and healthcare companies. Recent agreements between payment firms and regional businesses are expected to improve online transactions, customer experiences, and cross-border commerce. The trend reflects broader growth

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Saudi Arabia Launches New Makkah Development Strategy

Major real estate and tourism projects announced Saudi developer Umm Al Qura for Development & Construction has announced a new five-year strategy focused on expanding development projects in Makkah. The company plans to strengthen tourism infrastructure, hospitality services, residential communities, and commercial developments as Saudi Arabia prepares for continued growth in religious tourism and international

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Emirates NBD Expands Sustainability Data Services for UAE Companies

Banking sector increases ESG support for businesses Dubai-based banking giant Emirates NBD has integrated advanced sustainability and ESG data solutions into its corporate advisory services. The initiative is designed to help UAE businesses improve risk assessment, sustainability reporting, and environmental compliance. Financial institutions across the Gulf are increasingly investing in ESG-focused services as investors place

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UAE Businesses Prepare for Major E-Invoicing Transformation

New digital tax infrastructure rollout moves closer The UAE is accelerating preparations for its nationwide e-invoicing framework scheduled before 2027. Businesses are being encouraged to modernize accounting systems and digital reporting capabilities to comply with the upcoming five-corner e-invoicing model. Industry experts believe the new framework will improve tax efficiency, reduce administrative costs, strengthen compliance,

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