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
The deadline for free zone-based businesses to share their inputs has been extended by a week
The country’s non-oil activities grew by 4.5 per cent year-on-year in the quarter to Dhs312bn
The impact of a slowdown in Saudi Arabia will be felt across the Middle East and Central Asia
The US Federal Reserve raised its benchmark interest rates by 25 points to the highest level in 22 years
The World Bank projects the UAE’s non-oil sector is expected to achieve strong growth by the end of 2023 driven by robust domestic demand
The office will support and guide Dubai-based companies seeking to expand into Vietnam throughout every stage of their international expansion
Dubai Customs reported a 10 per cent surge from the 12.7 million transactions registered in the same period last year
The company will play a key role in improving the quality and production capacity of Ajwa dates in the Madinah region
The Gulf country is seeking bilateral trade deals and partnerships to ensure its economy is sufficiently diversified away from oil-dependent growth
The money comes at a sensitive time for Tunisia, which risks defaulting on its debt unless it wins a bailout from the IMF
The company will partner with players in the private sector to boost the production capacity of the camel dairy industry
The countries signed a joint accord to establish a high-level strategic council, further cementing ties between the UAE and Turkey
This represents a robust rise of 363 per cent compared to the same period in 2022
The agreements cover sectors including energy, industry, advanced technology, AI, space, health, transport, conservation and circular economy
The new vehicle is in addition to the country’s $700bn sovereign wealth fund, a savings pot for life after oil
From 2013-2022, the trade growth rate between the two countries was 18.2 per cent, growing from Dhs159.72bn to Dhs188.8bn
The city has emerged as one of the world’s safest and most attractive cities to live, visit and work
The UAE has become a catalyst for economic progress in Africa
Family-owned businesses comprise a majority of the UAE’s private sector and significantly contribute to Dubai’s non-oil GDP
The PIF is in the midst of a global investment spree after it was transformed from a domestically-focused holding company into a sovereign fund in 2016
The economy will fall by 0.1 per cent this year if the government raises production in September and by 1 per cent if it holds the course for the rest of 2023
The economic freezone seeks to provide an adaptive and supportive ecosystem for investors looking to expand their horizons and businesses
The contribution of Dubai government bodies was worth Dhs552.51m, while federal government entities granted contracts worth Dhs88.2m
The country remains the leading recipient of global FDI in the GCC, attracting 61 per cent of all foreign investments into the region last year
The World Bank has forecasted a 2.8 per cent growth in the UAE’s real GDP for this year
According to SCAD estimates, Abu Dhabi’s non-oil GDP (at constant prices) surpassed the highest quarterly value of the past nine years, reaching Dhs146bn in Q1 2023
The statistics authority attributed the growth of the economy to innovative economic initiatives related to non-oil sectors and activities
The Dubai 10X initiative has played a pivotal role in the development of 42 key projects aimed at elevating government services