Saudi to cut spending as private sector growth picks up

Economic growth is estimated at 2.3 per cent in 2020 compared with 0.9 per cent this year

Egypt sale of stakes in state companies are factoring in Aramco IPO

Egypt plans to raise $4.95bn from all its offers and bring in much-needed foreign investment

Gulf countries slash rates following US Fed move

Policy makers in Kuwait lowered borrowing costs for the first time since 2012

Saudi Arabia’s sovereign fund to invest $10bn in Brazil

The two governments will form a council which will define the sectors and the timing of the investments

UAE approves 2020 budget, Sheikh Mohammed says ‘decade of development’ to begin

One-third of the Dhs61bn federal budget will be allocated to the social development sector

IMF says Mideast markets twice as sensitive to global risk as emerging markets

The global outlook is that of lower growth and rising uncertainty, the IMF warned

Dubai set to issue single licence that will allow firms to operate across all its freezones

Study also underway to help establish a financial market that provides companies registered in freezones with funding through IPO listings

Abu Dhabi recalls more than 5,400 products from the market

Abu Dhabi Quality and Conformity Council conducts safety and quality checks

Freezing government fees did not have ‘significant financial impact’ on Dubai – official

Dubai issued a decision in March 2018 to free all government fees for three years

Dubai skyline

Dubai sets limits to starting state-related entities

Additional state-related firms will only be created to fulfill a national security requirement or a strategic government need

Volkswagen postpones decision on $1.4bn Turkey car plant

The planned Turkey investment would expand the world’s biggest carmaker’s total number of factories worldwide to 123

Is the world economy sliding into the first recession since 2009?

Here are the arguments for and against worrying about a global recession in 2020

World Bank lowers Middle East growth projections for 2019

Growth in 2019 expected to be 0.6 per cent, down from previous estimate of 1.4 per cent

UAE remains ‘most competitive’ economy in Arab region – WEF report

The UAE has moved up the rankings by two spots and ranks 25th worldwide

Watch: UAE work permits can now be issued in two days

Ministry of Human Resources and Emiratisation announcement comes amid GITEX Technology Week

Revealed: The world’s best workplaces

Several companies with significant UAE and Saudi Arabian operations make the list

Dubai’s non-oil foreign trade surges in first half of 2019

Non-oil foreign trade is up five per cent compared to the same period in 2018 – and 87 per cent since 2009

UAE private sector added 40,000 new jobs in Q2

The total number of private sector workers in the country grew to 5.1 million in the second quarter of 2019

Saudi non-oil growth fastest since 2015 as private sector heals

Non-oil gross domestic product expanded almost 3 per cent in Q2

Saudi weighs selling dollar sukuk as soon as October

Saudi Arabia has raised $10.9bn on international markets so far this year

Abu dhabi uae capital flag

UAE to hike 2020 federal budget by 2%

The general federal budget for 2019, at Dhs60.3bn, is the country’s largest ever

Revealed: The most in-demand jobs and skills in the UAE

Bayt and YouGov reveals sales managers, sales executives and marketing executives lead the way

Saudi rating affirmed by S&P after oil attack

S&P kept the sovereign assessment at A-, on par with Malaysia and Malta

Bahrain taps bond market for first time since $10bn bailout package

The issuance comes amid a sudden surge in debt sales by frontier and emerging sovereigns

Saudi to waive expat fees for industrial companies

Since January 2018, businesses have been required to pay fees for foreign workers they employ

Iraq joining China’s Belt and Road initiative

PM announces Iraq will be a party to Belt and Road projects during a meeting with Chinese president Xi Jinping

Revealed: Top 10 nations for remittances from the UAE

Remittances from the UAE surpassed Dhs80bn ($21.78bn) in the first half of 2019

Global economy slipping to weakest growth in a decade – OECD

Governments are not doing enough to prevent long-term damage, the OECD said

Lebanon needs to implement reforms needed for Saudi aid to exit debt trap

Without outside assistance, Lebanon, which has a debt-GDP ratio of more than 150 per cent, may struggle to avoid a default

Revealed: The world’s most diverse and inclusive organisations

Many of the leaders have a significant presence in the Middle East