#Economy

Abu Dhabi GDP hits Dhs620bn for first nine months of 2019

The emirate’s GDP grew 4.6 per cent, up from around Dhs592.9bn in the first nine months of 2018

Offices Send Their employees Home

UAE launches ‘early leave’ for private sector expats to return home during Covid-19 crisis

All establishments are to comply with this directive and employers must book a round ticket for employees availing of this facility

Top 10 ‘in-demand’ job roles in the UAE and the salaries they offer

Employers are seeking candidates with specialist skills, industry experience, and systems knowledge

Revealed: Most in-demand roles in the UAE with predicted salaries for 2020

Up to 82 per cent of UAE business leaders find it challenging to employ relevant talent, finds study

Dubai’s housing market ‘oversupplied’ despite drop in prices – UBS

The Dubai residential market is expected to bottom out soon, states study

Here’s why the global economy is headed for a recession in 2019

A hard landing is likely unless something happens to kickstart global growth, writes Reuters columnist John Kemp

Saudi freezes new trade with Canada, expels ambassador

The move came after Canada’s foreign ministry urged Riyadh to release arrested civil rights activists

Saudi residents to need registered rental contract for work permit renewal

The new requirement will come into force from later this year

UAE to approve law allowing 100% foreign ownership of companies by year-end

Previous attempts to introduce the legislation have been met with opposition from some Emiratis

Saudi’s expat dependent fee: Everything you need to know

The fees have to be paid through the government-run SADAD payment banking system

Qatar predicts three years of budget deficits as low oil prices bite

Qatar forecast a fiscal deficit of 7.8 per cent of GDP this year, the first deficit in 15 years

Iran Exits Recession With 4% Growth In Six Months, Rouhani Says

The International Monetary Fund expects Iran’s economy to expand 1.5 per cent in 2014.