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
The Dubai ruler forecast the UAE’s non-oil foreign trade is on track to reach Dhs2.5tn this year and hit Dh4tn by 2031
The MoHRE revealed that over five million employees from across the UAE had signed up for the unemployment insurance scheme by June
The economic growth was boosted by a 4.6 per cent gain in the non-hydrocarbon sector and a 3.5 per cent increase in oil activities.
The bulk of the decline was felt in North American and European households which lost a combined $10.9tn
Capital investments by manufacturers operating in the emirate grew by Dhs12.4bn to Dhs384.1bn over the same period
With 6-6.5 per cent GDP growth expected in 2023-24, India is set to enter the league of three largest economies before 2030
HSBC Saudi Arabia, Al Rajhi Capital, SNB Capital, and AlJazira Capital have been appointed as joint lead managers to lead the transaction
The agreement marked the high point of Turkey’s President Recep Tayyip Erdogan’s recent visit to the Middle East
A prolonged property market slump, plunging demand for exports and subdued consumer spending are weighing on the economy’s recovery
The plan will develop financial policies to promote economic growth, create a competitive business environment and strengthen international economic relations