#Economy
The country’s non-oil sector grew by 6.2 per cent in 2022, the highest growth rate recorded over the past ten years
Additionally, the UAE cabinet meeting reviewed more than 19 initiatives to attract talent to the country
The ASEAN nation continues to be an excellent market for Islamic fintech players to make a mark in the region
Fitch Ratings, one of the big three rating agencies, assigns Saudi Arabia the same score as S&P Global while Moody’s has it one level higher
The strategy aligns with the fund’s aim to support the private sector in increasing its contribution to GDP by up to 65 per cent by 2030
The promotion is valid on return and one-way journeys on Etihad-operated flights booked on the carrier’s website
Developments within the art market over the last decade have been followed almost as closely as those within the stock market
The country’s GDP crossed the $1tn mark for the first time in 2022 as higher oil prices boosted government revenues
Spot gold was little changed at $1,845.34 an ounce as of 8:52 a.m. in Singapore, after falling 0.5 per cent on Monday
The platform features a comprehensive set of specialised services to enhance communication between the chamber and private sector
In 2021, non-oil trade between the two countries totalled almost $60bn, resulting in a 27 per cent growth on the previous year
Non-oil sectors contributed 50.3 per cent to the GDP, with an increase of Dhs39bn compared to the same period in 2021 to reach Dhs417.3bn in total by the end of Q3 2022
Microsoft continues to commit heavily to education and skilling initiatives
Former governor, Dr Fahd Al-Mubarak, takes on the role of adviser at the royal court
The chamber has focused on six strategic objectives, in its 2023-2025 strategy
Energy demand last year reached 53,180 gigawatt-hours, compared to 50,401 gigawatt-hours in 2021
The kingdom’s real GDP grew by 5.4 per cent during the fourth quarter of 2022
The two sides reviewed several regional and global issues of mutual concern and exchanged views
The fund will conceptualise, finance and oversee development of more than 35 venues by 2030, with the aim of delivering its first asset by 2023
A total of 122,658 real estate transactions were registered in Dubai in 2022, an increase of 44.7 per cent from 2021
The president of Azerbaijan, Ilham Aliyev, is paying a working visit to the UAE
The first set of projects includes the Dubai Unified License that will provide a unique commercial identity for all companies across economic zones
The agenda includes 100 transformative projects with economic targets of Dhs32tn over the next 10 years
According to the latest IMF report, UAE GDP growth is projected to reach above 6 per cent in 2022, up from 3.8 per cent last year
Gold tends to have a negative correlation with the dollar and rates as it does not bear interest and is priced in the US currency
The decision by the Organization of Petroleum Exporting Countries and its allies should hold for at least a few months
Qatar’s tourism, hospitality, and real estate sectors show the most promise to drive growth
The plant, set to open in 2025, will serve Saudi Arabia and export markets in the Middle East and North Africa
Abu Dhabi’s non-oil GDP grew to Dhs273bn, contributing more than 50 per cent to the emirate’s real GDP
The kingdom is looking to leverage an estimated $1.3tn worth of vastly underexplored metals and minerals to support its sustainable development goals and the clean energy transition