Trump’s tariffs kick in, triggering fresh market sell-off

US and China are stuck in an unprecedented, and expensive, game of chicken, and it seems that both sides are unwilling to back down

6G in UAE: Impact on homes, businesses you need to know

For e&’s customers—already experiencing gigabit fibre speeds—these tests open the door to next-level wireless connectivity

Stocks plummet in Asia as fallout from Trump tariffs deepens

Japan’s Nikkei sank 6.6 per cent to hit lows last seen in late 2023, while South Korea dropped 5 per cent

Donald Trump

Trump’s tariffs stoke global trade jitters as China, EU vow response

As Asia digested the news, Japan’s Nikkei share index slumped to an eight-month low, with US and European stock futures also diving

Pakistan pauses rate cuts, but likely not for long

Economists said the government should shift its focus to implementing economic reforms as interest rate cuts are not the elixir for growth

Riyadh named among top 15 cities in Savills growth hubs index GettyImages

600 companies now have their regional HQ in Saudi

The modern infrastructure and the other facilities are also attracting the international firms to the country

Tax strategies to help expand your business globally GettyImages-918061226

UAE’s corporate tax deadline: What you need to know

The first possible tax period for individuals conducting business or business activities is the calendar year 2024

Dubai

Non-oil sector now makes up nearly 75% of UAE’s economy

Data from the Ministry of Economy further indicates that the country’s non-oil GDP expanded 4.5 per cent to Dhs987bn for the first nine months of 2024

Arab businesswoman giving presentation to coworkers in office

New Abu Dhabi schemes offer Emiratis 80% startup funding

The entity has been continually accepting applications for medium and long-term loans to meet the needs of innovative business ventures.

Salik’s profits rise: Here’s how much it earned in 2024

The company’s Board of Directors proposed a dividend of Dhs619.8m, which is to be paid in the first half of 2025 (H1)

GCC to outpace the global economy in 2025: FAB

GCC to outpace the global economy in 2025: FAB

The UAE’s GDP is projected to rise from 4.5 per cent to 5.6 per cent, outpacing the International Monetary Fund’s global growth forecast of 3.2 per cent

Image credit: Getty Images

Gold prices skyrocket: Time to buy or wait?

Spot gold was up by 0.5 per cent at $2,875.79 per ounce

Saudi Arabia welcomes 60 million visitors in H1 2024

Saudi investment funds: New possibilities explored

The Capital Market Authority (CMA) in Saudi Arabia has initiated a public consultation regarding proposed changes

India’s central bank delivers first rate cut in nearly 5 years

India’s benchmark 10-year bond yield was up five basis points at 6.70 per cent after the announcement

Trump administration: How has it affected Crypto markets

Trump tariffs: Stocks slump, trade war fears triggered

The US dollar shot to a record peak against the Chinese yuan in offshore trading

UAE- CORPORATE TAX - FREE ZONE

This GCC country has just approved a draft law on personal income tax

Six other draft laws were jointly issued by the councils

Dubai’s real estate sector sees transactions hit Dhs761bn in 2024

Revealed: Number of people who relocated to Dubai in 2024

This reinforced the ongoing increase in the demand for residential units

Türkiye cuts rates by 250 points for second time in row

Türkiye cuts rates by 250 points for second time in row

Türkiye’s central bank indicated it would continue easing in the months ahead, flagging a temporary rise in January inflation

Trump administration: How has it affected Crypto markets

Trump administration: How has it affected crypto markets

Smaller cryptocurrency ether has likewise had a fairly steady week, though was up 5 per cent in the Asia day to $3,420

Saudi Arabia pledges to invest $600bn in the US under President Trump

Saudi Arabia pledges to invest $600bn in the US under President Trump

The kingdom is eager to seize partnership and investment opportunities created by the new administration’s anticipated reforms

IMF slashes 2025 Saudi Arabia growth forecast on extended oil production cuts

IMF slashes 2025 Saudi Arabia growth forecast on extended oil production cuts

The fund said it expected energy commodity prices to decline by 2.6 per cent in 2025, more than assumed in October

UAE signs trade deals with Malaysia, Kenya, New Zealand

UAE signs trade deals with Malaysia, Kenya, New Zealand

Since 2021, the UAE has initiated a raft of bilateral trade, investment and cooperation deals to bolster long-term growth prospects

Qatar eyes 3.4% non-oil growth, $100bn FDI by 2030

Qatar eyes 3.4% non-oil growth, $100bn FDI by 2030

The strategies are part of the Qatar Vision 2030 and seek to promote sustainable growth and boost the private sector’s contribution to the GDP

Bahrain’s GDP grows by 2.1% in Q3 2024, driven by non-oil sector

Bahrain’s GDP grows by 2.1% in Q3 2024, boosted by non-oil sector

The growth was primarily driven by the non-oil sector, which saw an increase of 3.9 per cent at constant prices and 1.5 per cent at current prices

Abu Dhabi sets up ADRA to streamline business licencing procedure

Abu Dhabi sets up ADRA to streamline business registration

The authority will develop a unified database consolidating data on economic establishments across Abu Dhabi’s mainland and its non-financial free zones

Dubai ranks among top 10 cities in Global Power City Index 2024

Dubai ranks among top 10 in Global Power City Index 2024

The Global Power City Index ranks the major cities of the world on their comprehensive power to attract people, capital, and enterprises from around the world

Egypt to receive $1.2bn as part of IMF programme in January

Egypt to receive $1.2bn as part of IMF programme in January, finmin says

The North African country is targeting about $3bn in the remainder of the current fiscal year, which runs until the end of June

Abu Dhabi’s GDP grows 4.5% in Q3 '24, led by non-oil sector

Abu Dhabi GDP grows 4.5% in Q3 ’24, led by non-oil sector

For the first three quarters of 2024, Abu Dhabi’s GDP grew by 3.9 per cent, with non-oil activities contributing a 5.9 per cent increase

Arab Health 2024 contributed $269.7m to Dubai economy: Informa

Arab Health 2024 contributed $269.7m to Dubai economy: Informa

Tourism and hospitality key beneficiaries of Arab Health as accommodation spend during the 2024 event totalled more than $56.2m

CBUAE maintains 4% GDP growth forecast for 2024, 4.5% for 2025

CBUAE maintains 4% GDP growth forecast for 2024, 4.5% for 2025

The CBUAE’s economic review concludes that the UAE’s economy is on a steady growth trajectory, with strong contributions from both the oil and non-oil sectors