The former World Bank executive also talks about the hard choices the world has to make to get to net zero
The expenditure for the fiscal year 2024 alone is estimated at Dhs79.1bn, as the city seeks to accelerate growth and support the objectives D33
The country’s debt problems have come amid a bruising economic crisis that has triggered a string of currency devaluations and record inflation
Inflation hit a 24-year peak of 85 per cent last year and surged again in recent months as the lira weakened for a third year in a row
The two nations are collaborating in areas such as climate change, energy, water, and food security
The main driver of CPI inflation in September was higher prices of housing, water, electricity, gas and other fuels, and restaurant and hotel prices
The economy’s total value has reached Dhs223.8bn
A UAE-Korea CEPA will reinforce East-West supply chains, facilitate FDI flows, and enhance joint research and knowledge exchange across a range of sectors
The announcement was made during the International Monetary and Financial Committee Meeting, organised on the sidelines of the WBG-IMF Annual Meetings In Morocco
The Indian-born US citizen said he was calling on member countries to replenish the bank’s Crisis Response Window, with a goal of raising $4bn
By removing or reducing tariffs on 95 per cent of product lines, the agreement is set to boost non-oil trade value beyond $1.5bn in the next five years.
It was the fourth consecutive month of record highs recorded on the central bank website
It has gradually lowered its overall growth forecasts for Saudi Arabia, the world’s biggest oil exporter, over the course of this year
The new platform will aid in the reporting of economic crimes such as money laundering, bribery, forgery and embezzlement
The emirate attracted 511 greenfield projects and climbed to sixth position in FDI capital attraction
The programme seeks to empower and develop management skills among family business leaders
The financial sector grew nearly 30 per cent year-on-year, with the value-added by the industry surging more than Dhs18bn
The largest Arab economy expects real gross domestic product to grow by 0.03 per cent this year
The summit will be held on November 28-29 in Madinat Jumeirah, Dubai
The unemployment rate for female citizens fell to 15.7 per cent, from 19.3 per cent a year ago
These new projects will streamline transportation within Dubai, enhance the travel experience at Dubai’s airports and establish a robust healthcare system
The government has implemented comprehensive economic and social initiatives that are designed to set the stage for sustained and long-term growth
The Fourth Kuwait Master Plan 2040 focuses on the country’s vision and development goals in urban, economic, social, and environmental policies
According to the IMF, the Saudi economy was the fastest growing among the Group of Twenty (G20) member states in 2022
The UAE is the third-largest market for Serbian exports, with non-oil trade between the two countries in H1 2023 hitting $57.6m
State expenditures rose moderately in 2022, with an increase of Dhs24.7bn compared to a year earlier
The inauguration of the office is part of the ‘Dubai Global’ initiative, which seeks to attract new business, investment, and talent to the emirate
India invited the UAE to participate in the G20 process as a guest of honour under the Indian G20 Presidency
The country’s non-oil economy is projected to grow by a robust 4.5 per cent this year
The two countries already share a productive trade relationship, with non-oil trade reaching $805m in 2022