The work on the first phase of NEOM Bay, an urban project, will be completed in 2020
The Emirates NBD Dubai economy tracker index fell to its second-lowest reading in over two years in December
A report by the IIF predicts real GDP growth of 3.1 per cent for both countries in 2019
A total of 366 investments were made in regional startups by 156 institutions last year
Abu Dhabi’s Crown Prince Sheikh Mohammed visited Islamabad on Sunday and confirmed a $3bn loan package
The IMF’s latest outlook figures predict growth in the UAE but decline in the US and China
Dubai is a business capital that will continue to attract new talent and focus on economic diversification, says ruler
The instant licences are issued within five minutes
Plans for the Saudi Space Agency were first announced last week as part of a cabinet reshuffle
The government expects to generate Dhs51bn in public revenues, an increase of 1.2 per cent
Spending is projected at OMR12.9bn, up from OMR12.5bn in the original budget for 2018
Gross domestic product grew 2.5 per cent from a year earlier
The UAE deposit is aimed at supporting Pakistan’s monetary policy
The kingdom expects cash settlements from its anti-corruption purge to generate roughly SAR50bn in 2019
Five sectors of the Saudi economy are prepared for privatisation in the first quarter of 2019
The private sector has lobbied for the fee rises to be delayed
Spending is projected to rise to SAR1.106 trillion ($295bn) next year
The allowance is given to state employees, military personnel, retirees and students to offset rising costs
A total of 25 local and international companies will be selected by the fund
It will take the MENA economies “153 years to close the gender gap at the current rate of change”
The DED has issued a total of 27,609 new licences between January and November this year
The hub will focus on SMEs in sectors including design, fashion, F&B and information technology
The country plans to implements reforms to subsidies and pensions to avert a debt crisis
Municipality fees for 98 services will also be cancelled or reduced
Healthcare and education are some of the ‘more promising sectors’ for investments in the UAE, he said
The initiatives will cover topics such as food security, artificial intelligence, culture and heritage, quality of life and advanced science
Long term visas will be granted to investors, entrepreneurs, specialists in the medical, scientific, research and technical fields and outstanding students
The monarch is currently on a domestic tour of the country
GDP growth in the Gulf region is estimated to reach 2.4 per cent in 2018 and 3 per cent in 2019