Saudi Arabia leads record hotel construction pipeline as industry gears up for Future Hospitality Summit (FHS) World 2025 in Dubai
Emerging market rates have scope to do well amid slowing growth, reasonably behaved FX and balance of power, though a spike in oil prices could curtail rate cuts in the short term
Oil revenues remain the largest component of government income in the region, making fiscal positions highly sensitive to global oil price fluctuations
The report warns that sluggish growth will hinder developing economies in their efforts to create jobs, reduce extreme poverty, and close per capita income gaps with advanced economies
The region’s key business leaders share their plans and outlook for 2025, revealing the strategies and game-changing trends that will define the year ahead
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 UAE’s payments sector is undergoing a rapid transformation, spurred by government initiatives, fintech innovations, and a shift from cash to digital transactions
Quarter-on-quarter trade growth averaged 0.7 per cent over the last two quarters, which translates to an annualised rate of 2.7 per cent
In April, food and beverage inflation declined to 2.3 per cent, down from an average of 3.3 per cent seen in the first quarter
The GCC consulting market witnessed a robust 13.2 per cent growth in 2023, surpassing the $5bn mark for the first time
The Bloomberg Intelligence survey found that despite notable geopolitical tensions, 92 per cent of respondents believe there is currently a geopolitical risk premium of less than $5 per barrel attached to oil prices
Global import demand remained weak during Q2 2023, weighed down by sluggish economic growth in leading economies including the European Union and China
Customers reported difficulties across multiple regions in accessing Microsoft 365 services, including email and videoconferencing tools
A surge in Covid-19 cases in China has clouded the near-term demand outlook
Abu Dhabi can expect to see modest single-digit growth in property valuations and rents across most sectors