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
The zone has been setting itself up as a centre for green fuels, including green hydrogen, green ammonia and green methanol
The bank’s previous inflation report three months ago forecast year-end inflation of 38 per cent in 2024 and 14 per cent next year
The National Investment Strategy 2031 is more than a roadmap for FDI growth; it represents the UAE’s strategic intent to be a leader in emerging sectors and a magnet for top talent
The trade pact would remove tariffs for 51 per cent of New Zealand’s exports to the region from day one
The kingdom unveiled its Vision 2030 plan in 2016, which involves hundreds of billions of dollars of investments to wean the country’s economy off oil
The expenditure for fiscal year 2025 alone is estimated at Dhs86.26bn, with revenues projected at Dhs97.66bn
The sovereign wealth fund is driving economic diversification by investing billions in new sectors to reduce oil dependency
The bilateral trade pact is expected to unlock new avenues for cooperation in key sectors such as food production, apparel, machinery, and metals
According to the IMF’s WEO report, headline inflation is expected to fall to 3.5 per cent by late 2025, aligning closely with central bank targets worldwide
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 last time Türkiye’s central bank raised its main policy rate was in March when it hiked by 500 basis points
The chairman of DIEZ says the authority is integrating AI and smart city solutions, reinforcing its position as a crucial contributor to Dubai’s economic growth
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
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 country’s core inflation slowed to an annual 25 per cent from 25.1 per cent in August
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
The main channels for the conflict to impact the global economy have been through higher commodity prices, including oil and grains
Family offices, in partnership with the public sector, will remain at the heart of the growth and transformation being seen in the emirate, as it continues to thrive across key industries and beyond
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
The $63bn project is one of the Public Investment Fund’s giant construction efforts aimed at boosting economic growth