#Economy
Challenge for governments that rely on high oil prices
Fitch said the country’s Vision 2030 project provides some flexibility in managing capital expenditure and debt issuance
Data from the Ministry of Economy further indicates that the country’s non-oil GDP expanded 4.5 per cent to Dhs987bn for the first nine months of 2024
The UAE’s GDP is projected to rise from 4.5 per cent to 5.6 per cent, outpacing the International Monetary Fund’s global growth forecast of 3.2 per cent
The partnership aims to strengthen bilateral relations between the UAE and Vietnam, following the signing of a CEPA in 2024
The executive order mandates the delivery of a comprehensive plan for the fund’s establishment within 90 days
This development reflects Dubai’s role as a global business hub and the chamber’s support of its economic growth through strategic international collaborations
Türkiye’s central bank indicated it would continue easing in the months ahead, flagging a temporary rise in January inflation
The report anticipates moderate growth in global FDI in 2025, driven by improved financing conditions and an increase in mergers and acquisitions
The fund said it expected energy commodity prices to decline by 2.6 per cent in 2025, more than assumed in October
Since 2021, the UAE has initiated a raft of bilateral trade, investment and cooperation deals to bolster long-term growth prospects
The changes would need the approval of Syria’s new governing authority, though the process is unclear at this stage
Arab countries contributed nearly half (49.1 per cent) of the total FDI inflows, with Gulf Cooperation Council nations making up 31.7 per cent
The growth was primarily driven by the non-oil sector, which saw an increase of 3.9 per cent at constant prices and 1.5 per cent at current prices
The Global Power City Index ranks the major cities of the world on their comprehensive power to attract people, capital, and enterprises from around the world
For the first three quarters of 2024, Abu Dhabi’s GDP grew by 3.9 per cent, with non-oil activities contributing a 5.9 per cent increase
Tourism and hospitality key beneficiaries of Arab Health as accommodation spend during the 2024 event totalled more than $56.2m
The CBUAE’s economic review concludes that the UAE’s economy is on a steady growth trajectory, with strong contributions from both the oil and non-oil sectors
The trade pact will encompass the five members of the EAEU bloc, made up of Armenia, Belarus, Kazakhstan, Kyrgyzstan and Russia
Ramy Jallad, the Group CEO of RAKEZ says Ras Al Khaimah offers businesses unmatched access to diverse and lucrative markets
The emirate unveiled a centralised business registry authority – the Abu Dhabi Registration Authority – that will be the single point for business registration
The 2025 budget estimates total expenditures of SAR1.3tn and total revenues of SAR1.2tn
The rating agency revised the country’s outlook to stable from positive, citing uncertainty regarding global economic conditions
With the financial gap to meet the SDGs continuing to grow, the report calls on institutional investors to rethink their strategies and seize the opportunity for transition investment in the MEASA region
By combining advanced digital tools, data analytics and automation, regtech streamlines processes, alerts against violations, creates reassurance, and can enhance operations
The trade pact would remove tariffs for 51 per cent of New Zealand’s exports to the region from day one
Spot premiums for Middle East crude fell last month as the Asia market was well supplied
McLoughlin’s impact on Dubai Duty Free spanned 41 years, where he steered its growth from modest beginnings to a business generating over $2bn.
The expenditure for fiscal year 2025 alone is estimated at Dhs86.26bn, with revenues projected at Dhs97.66bn
As Dubai and Abu Dhabi continue to lead in attracting global talent, their focus on innovation and sustainability positions them as vital players in an evolving economic landscape