Violators will face stiff penalties, including imprisonment and a financial fine
ECA International analyses the cost of consumer goods and services in more than 490 locations worldwide, while accommodation data is also factored in
UAE imports from GCC countries in 2021 increased to Dhs56.3bn, compared to Dhs43.8bn in 2020
The emirate’s hotel occupancy stood at 76 per cent during the January-April period
Anticipated changes in the international monetary system and concerns over rising economic risks in reserve currency economies are also major factors
The meetings focused on UAE’s preparations to host COP28 in 2023 and strengthen economic, energy and industrial cooperation between the two countries
The rate of job creation in UAE was the quickest in seven months despite the inflation
We look at some companies in the UAE that have championed a circular economy, while promoting sustainability and conscious consumerism
IPOs in the Middle East have fetched $11.4bn in the first five months of the year
The agreement will support service sectors such as hospitality, financial services, distribution and construction
The five areas that the three countries will cooperate on include food, agriculture and fertilisers; pharmaceuticals; textiles; minerals and metals; and petrochemicals
The Q1 2022 figure of Dhs499.7bn marked a growth of 20.5 per cent over the same period in 2021
The collaboration will allow the freezone’s business partners and customers to benefit from solutions provided by Zajel locally and internationally
Investors have shunned equities and many commodities after Federal Reserve officials reaffirmed much tighter monetary policy lies ahead to cool an overheating economy and tame inflation
It indicated a 10 per cent year-on-year increase compared to the number of licences issued in Q1 2021
It intends to float 10 per cent of its petrochemicals joint venture that it entered into with Austria’s Borealis
The boost was mainly driven by oil revenue, which rose 58 per cent compared to last year
Aramco’s output averaged 10.2 million barrels a day between January and March, up 20 per cent year-on-year
Exports recorded a growth of 35 per cent year-on-year and were valued at Dhs24.449bn
E-commerce represents a significant avenue through which the adoption of digital payments can expand growth opportunities
The planet’s warming is likely to pass 1.5°C, UN scientists warn
The growth in GDP was driven by an increase in oil activities by 20.4 per cent, and a rise in non-oil activities by 3.7 per cent
Kuwait Investment Authority’s Enertech Holding Co. and Pakistan Kuwait Investment Company have applied for a digital bank license and proposed a hydrogen plant and two smart cities
Airbnb employees who work in lower cost-of-living areas won’t see their compensation change
The two state-owned institutions will make it easier for UAE and Indonesia-based companies to access funds to pursue their international expansion
Data from DSCD shows that Sharjah’s trading sector was the most significant contributor to the emirate’s economy at 23.8 per cent
Tecom plans to list its shares on the Dubai Financial Market
According to AMF, the inflation rate for Arab countries as a group is expected to rise to 7.5 per cent in 2022, and decrease to 7 per cent in 2023
It marks a growth rate of 7 per cent over, or 1,139 licences, over the same period in 2021
The kingdom’s economy expanded 6.7 per cent on an annual basis during the fourth quarter of 2021