UAE investments in Turkiye hit Dhs20.6bn

World Investment Forum 2023: UAE investments in Turkiye hit Dhs20.6bn

The two nations are collaborating in areas such as climate change, energy, water, and food security

Saudi Arabia - Riyadh Image Getty Images

Saudi Arabia: Inflation eases further in Sept to 1.7%, marks drop from Aug

The main driver of CPI inflation in September was higher prices of housing, water, electricity, gas and other fuels, and restaurant and hotel prices

Dubai economy sees growth in H1 2023 -GettyImages-1392301478

Dubai: Economy grows 3.2% in H1 2023

The economy’s total value has reached Dhs223.8bn

UAE, Korea conclude CEPA negotiations Image courtesy WAM

UAE, South Korea successfully conclude CEPA negotiations

A UAE-Korea CEPA will reinforce East-West supply chains, facilitate FDI flows, and enhance joint research and knowledge exchange across a range of sectors

UAE to allocate $200m to support low-income countries Image courtesy WAM

UAE allocates $200m to support low-income countries, reduce poverty

The announcement was made during the International Monetary and Financial Committee Meeting, organised on the sidelines of the WBG-IMF Annual Meetings In Morocco

climate change world bank

World Bank’s Banga eyes longer, cheaper loans as mission expands to climate

The Indian-born US citizen said he was calling on member countries to replenish the bank’s Crisis Response Window, with a goal of raising $4bn

UAE GEORGIA CEPA

UAE and Georgia sign CEPA to boost trade

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.

Egypt inflation

Egypt’s inflation at historic high in September, breaks 2017 record

It was the fourth consecutive month of record highs recorded on the central bank website

IMF on Saudi Arabia economy

IMF cuts Saudi Arabia’s growth forecast for 2023

It has gradually lowered its overall growth forecasts for Saudi Arabia, the world’s biggest oil exporter, over the course of this year

ECONOMIC CRIMES PLATFORM

Dubai announces public platform to report economic crimes

The new platform will aid in the reporting of economic crimes such as money laundering, bribery, forgery and embezzlement

Dubai attracts $5.7bn greenfield FDI capital in H1 2023

Dubai attracts greenfield FDI capital of $5.7bn in H1 2023

The emirate attracted 511 greenfield projects and climbed to sixth position in FDI capital attraction

Dubai launches family business management programme

Dubai launches family business management programme

The programme seeks to empower and develop management skills among family business leaders

Abu Dhabi’s non-oil economy grew 12.3% in Q2 2023

Abu Dhabi’s non-oil economy grew 12.3% in Q2 2023

The financial sector grew nearly 30 per cent year-on-year, with the value-added by the industry surging more than Dhs18bn

Saudi Arabia

Saudi Arabia forecasts slower growth, budget deficit for 2023

The largest Arab economy expects real gross domestic product to grow by 0.03 per cent this year

World Green Economy Summit 2023 Theme revealed by DEWA Image courtesy Dubai Media Office

Dubai: World Green Economy Summit to be held in Nov, theme revealed

The summit will be held on November 28-29 in Madinat Jumeirah, Dubai

Saudi unemployment plunges to 4.9% in Q2 2023

Saudi unemployment plunges to 4.9% in Q2 2023

The unemployment rate for female citizens fell to 15.7 per cent, from 19.3 per cent a year ago

Dubai 10X Sheikh Hamdan approves new projects as part of third cycle Image Dubai Media Office

Dubai 10X: Sheikh Hamdan approves new projects in third phase

These new projects will streamline transportation within Dubai, enhance the travel experience at Dubai’s airports and establish a robust healthcare system

UAE economy to grow 3% in 2023, says S&P Global

UAE economy to grow by 3% in 2023, says S&P Global

The government has implemented comprehensive economic and social initiatives that are designed to set the stage for sustained and long-term growth

Kuwait eid break

Kuwait Master Plan 2040 to boost development, strategic vision

The Fourth Kuwait Master Plan 2040 focuses on the country’s vision and development goals in urban, economic, social, and environmental policies

IMF on Saudi Arabia economy

Saudi economy enters trillion dollar club: report

According to the IMF, the Saudi economy was the fastest growing among the Group of Twenty (G20) member states in 2022

UAE and Serbia in talks to establish CEPA _ Image courtesy WAM

UAE, Serbia in talks to establish CEPA

The UAE is the third-largest market for Serbian exports, with non-oil trade between the two countries in H1 2023 hitting $57.6m

UAE posts budget surplus in 2022, revenues up 31.8%

UAE posts budget surplus in 2022, revenues up 31.8%

State expenditures rose moderately in 2022, with an increase of Dhs24.7bn compared to a year earlier

Dubai Chamber inaugurates new office in Paris

Dubai Chamber strengthens presence in Europe with Paris office

The inauguration of the office is part of the ‘Dubai Global’ initiative, which seeks to attract new business, investment, and talent to the emirate

G20 _ UAE and India to boost comprehensive strategic partnership Image WAM

G20 summit: UAE President, Indian PM discuss comprehensive economic partnership

India invited the UAE to participate in the G20 process as a guest of honour under the Indian G20 Presidency

UBS says UAE economy to grow by 3.5% in 2023

UAE economy to grow by 3.5% in 2023

The country’s non-oil economy is projected to grow by a robust 4.5 per cent this year

UAE, New Zealand enter preliminary talks on CEPA

UAE, New Zealand enter preliminary talks on CEPA

The two countries already share a productive trade relationship, with non-oil trade reaching $805m in 2022

non-oil trade boosts UAE Economy

UAE: Sheikh Mohammed says 2023 ‘best economic year’ as non-oil trade hits all time high

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

UAE traffic fine

UAE Unemployment Insurance scheme deadline: Know last date of registration to avoid fines

The MoHRE revealed that over five million employees from across the UAE had signed up for the unemployment insurance scheme by June

Oman’s GDP up 4.7% in Q1 2023

Oman’s economy grows 4.7% in Q1, boosted by non-oil activities

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.

household wealth drops

Global household wealth drops for first time since 2008 financial crisis

The bulk of the decline was felt in North American and European households which lost a combined $10.9tn