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
Growth in the UAE is broad based and driven by solid domestic activity in sectors such as tourism, construction and financial services
The IMF’s latest report showed global public debt will reach 93 per cent of global gross domestic product by the end of 2024
The report, launched at GITEX Global 2024, found that Microsoft, its ecosystem and IT departments in customer companies will add 41,800 new skilled IT jobs into the UAE economy between 2024-28
The road to business growth and sustainability for women entrepreneurs is often fraught with obstacles, writes the author
Non-oil trade between the UAE and Malaysia reached $2.5bn in the first half of 2024, a 7 per cent increase compared to the same period in 2023
The deal builds on robust UAE-Jordan economic ties, with non-oil trade reaching over $4.2bn in 2023
This agreement is poised to deepen trade ties and investment opportunities, focusing on priority industries, creating jobs, and bolstering supply chains
Building on its legacy as the site of the 2020 World Expo and COP28, the development will be a catalyst for Dubai’s progress in various fields
The finance and insurance sector registered a record 13.4 per cent growth in Q2 2024, contributing 7.4 per cent to the GDP