#Economy
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
The Gulf state expects to post a fiscal deficit of SAR118bn, wider than the SAR79bn projected in the 2024 budget statement last December
Ahmed Obaid Al Qaseer says Shurooq is harnessing Sharjah’s cultural heritage, while implementing initiatives that boost tourism and investment
The platform addresses common challenges in the M&A process, such as high costs and fragmented service models, streamlined, and cost-effective alternative
The UAE-US relationship, which spans more than five decades, is marked by robust economic ties, with bilateral trade reaching $31.4bn in 2023
The GCC’s non-energy sectors, including tourism, trade, and finance, are pivotal in driving this growth, with expectations of a 4.2 per cent expansion in 2024 and 4.4 per cent in 2025
The two countries agreed last year to cooperate on technology and climate change, including investments in the chip and battery sectors
UAE President Sheikh Mohamed bin Zayed Al Nahyan and Chinese Premier Li Qiang met this week to discuss economic, political, and cultural cooperation between the nations
The city benefits from a thriving, diversified economy, fueled by strategic vision, structural reforms and prudent economic policies
Almost 15,000 companies closed down in the first seven months of the year, up 28 per cent from 2023
The financial and insurance sector, trade activities and manufacturing were among the biggest contributors to non-oil GDP
The kingdom’s seasonally adjusted real GDP grew by 1.4 per cent compared to Q1 2024, as non-oil activities rose by 4.9 per cent YoY
The central bank said that the lending rate remained at 28.25 per cent, while the deposit rate stood at 27.25 per cent
The country’s domestic gas output plummeted to a six-year low in May, down around 25 per cent from its 2021 peak
The government urged eligible businesses to register with the National Bureau for Revenue before the deadline
The North African country has been using its net foreign assets to help prop up its currency since at least September 2021
Economists say central bank lending risks undermining the economy by expanding the money supply and fuelling inflation
Turkish farmers have long complained of sharp hikes in the prices of fertilisers and fuel due to the sharp depreciation in the lira
Over 60 million people have access to discounted prices on staples such as pasta, vegetable oil and sugar through state-run outlets
The latest review, approved in late July but released only on Monday, was Egypt’s third and followed the expansion of the package size in March
The UAE’s non-oil exports to its top 10 trade partners rose by 28.7 per cent, while trade with all other nations increased by 12.6 per cent
Key growth sectors include real estate, construction, financial services, trade, manufacturing, logistics and tourism, the Standard Chartered report shared