Economy

Saudi Arabia’s non-oil PMI climbs to three-month high of 57.2 in June as hiring growth surges

Employment levels surged sharply, marking the fastest rate of job creation since May 2011 

UAE’s non-oil sector grows in June despite regional tensions impacting supply chains: PMI

The UAE's PMI rose from 53.3 in May to 53.5 in June, indicating a solid improvement in the sector's health

More than 4,000 benefit from Qatar’s tax exemptions worth $247 million, says tax authority

Initiative was launched to support business growth and national economic policies

Abu Dhabi’s SME Champions Program facilitates over 650 deals worth $183 million in 2024

The number of registered companies grew from 835 in 2023 to 2,235 in 2024, with the strategic partner count increasing to 20

BlackRock releases 2025 Midyear Global Outlook amid market uncertainty

BlackRock believes this era offers better opportunities than the relatively static conditions of the past decade

Mohammed Bin Rashid Innovation Fund launches new headquarters to boost government innovation

To date, the fund has issued government-backed guarantees exceeding AED43 million to help members scale their ventures

Fed’s Powell sparks July rate cut hopes with ambiguous comments

When asked whether July was too soon for a rate cut, Powell responded that he "can't say"

Oman and Egypt sign seven agreements to boost cooperation in trade, investment, labor

Talks aimed at strengthening bilateral relations align with directives from leaders of both nations

Economic recessions: What are the causes, consequences, and recovery strategies?

Rising tariffs and inflation pose significant risks to economic stability in the coming years

UAE, Korea Presidents discuss strengthening special strategic partnership

Leaders seek stronger cooperation in economy, investment, energy, education, defense, technology and sustainability

ADIO, DMT announce tender for development of new community markets in Al Dhafra

The four locations set for development in Al Dhafra include Al Marfa, Bayah Al Sila, Madinat Zayed and Ghayathi

Average inflation in GCC countries declines to 1.7 percent reflecting effective economic policies

Economic policies effectively managed inflationary pressures, contributing to stability in the region 

Qatar reports $49.85 billion GDP growth driven by non-hydrocarbon activities in Q1 2025

Non-hydrocarbon economy contributed 63.6 percent to GDP, showcasing strong diversification efforts

Amazon UAE and 7X join forces to accelerate sustainable last-mile delivery

The initiative is designed to address the rising demand for rapid access to everyday essentials such as groceries, personal care items, electronics, and household goods

MENA business travel to grow 6.1 percent in 2025, market to hit $270.8 billion by 2030

April and May were the busiest months in the first half of the year, largely due to the return of business travel after Ramadan

How does the IMF finance itself? $1 trillion lending capacity’s impact on global economy

The IMF's administrative expenses are fully covered by income from lending and investments

Sharjah launches instant license service to simplify business setup for entrepreneurs: What you need to know

The new initiative eliminates the need for a Memorandum of Association during the first year

Abu Dhabi’s population grows 7.5 percent to 4.14 million in 2024

The emirate's population has increased by 51 percent over the past decade, rising from 2.7 million in 2014 to over 4.1 million in 2024

Saudi Arabia’s unemployment rate hits new low of 2.8 percent in Q1 2025

The unemployment rate among Saudi citizens in the first quarter of 2025 reached 6.3 percent

Saudi Arabia’s net foreign direct investment surges 44 percent to $5.9 billion in Q1 2025: GASTAT

Inflows into the Kingdom increased by 24 percent from $5.2 billion in Q1 2024 

RTA partners with National Paints to rename metro station in Jebel Ali

National Paints’ investment underscores the value of transit media in shaping consumer engagement

How Saudi Arabia accelerated Vision 2030 in 2025: Major projects, global forums, and FIFA World Cup 2034 hosting win

The Kingdom is diversifying its economy with strategic investments in tourism, entertainment, and technology sectors 

Dubai Chamber explores global expansion opportunities for local companies in Armenia, Georgia, Malaysia, and Cambodia

Dubai Chamber contributes to enhancing the competitiveness of the private sector and accelerating the growth of the emirate’s non-oil foreign trade

Abu Dhabi Fund for Development signs $205 million GCC power grid expansion

The project is a key component of the UAE’s long-term strategy to diversify and modernize its energy infrastructure, in alignment with the UAE Energy Strategy 2050