Chinese Economy to Exceed $23.8 Trillion by 2030, Premier Says
Premier Li Qiang said on Wednesday that China’s economy will exceed 170 trillion yuan ($23.87 trillion) by 2030, presenting a big market opportunity for the…
Category: BUSINESS
Saudi Non-Oil Sector Records Exceptional Growth as Business Conditions Improve
Saudi Arabia’s non-oil private sector is undergoing a significant transformation, achieving one of its strongest growth rates since 2014. This momentum reflects the success of…
Tesla says Musk should be paid $1tn – will shareholders agree?
Ahead of Tesla’s annual general meeting (AGM) on Thursday there’s been one key message the electric car-maker has been hammering home to shareholders: the boss…
BYD will launch Yangwang luxury brand in the Middle East in early 2026
The world’s biggest NEV maker BYD will launch the Yangwang luxury car brand in the Middle East in early 2026. The company’s vice-president Stella Li shared that later Yangwang…
North Africa is emerging as a growth engine
North Africa is emerging as a growth engine, led by Morocco and Egypt. But structural challenges persist. This year again, North Africa is the fastest…
ChatGPT owner OpenAI signs $38bn cloud computing deal with Amazon
OpenAI has signed a $38bn (£29bn) contract with Amazon to access its cloud computing infrastructure, as the start-upcontinues its run of major partnerships to secure…
Ministry completes electronic linkage for SME-funded projects in Kuwait
The Ministry of Commerce and Industry announced on Monday the completion of the electronic linkage for all procedures related to projects financed by the National…
Energy Leaders at ADIPEC: Peak in Oil Demand Not Seen Yet
Senior officials in the energy sector agreed Monday during the Abu Dhabi International Petroleum Exhibition and Conference “ADIPEC” that global oil demand has not yet…
Microsoft’s $15.2bn investment in the UAE: A strategic bet on AI, talent and trust
Microsoft’s decade-long investment in the United Arab Emirates underscores its commitment to building a robust artificial intelligence ecosystem, advancing digital infrastructure and fostering local talent…
Saudi Arabia Redefines Wealth in Shift From Oil Dependence
In an analytical article published in Asharq Al-Awsat titled “How is Saudi Arabia Redefining Wealth and Economic Sovereignty?”, writer Faisal Abu Zaki explored the profound transformations…