Economy

Türkiye central bank unexpectedly hikes interest rate to 46 percent

Monthly core goods inflation is expected to rise slightly in April due to recent developments in financial markets

Abu Dhabi’s Mubadala to acquire $600 million stake in U.K.-based Nord Anglia Education

Operating over 80 schools in 33 countries, Nord Anglia educates more than 90,000 students from ages 2 to 18

UAE highlights role of DNFBPs sector in fighting financial crimes in Dubai

More than seven key legislations and policies have been enacted within a mere four years, specifically between 2020 and 2024

Dubai launches industry-first travel content creator academy to meet sector’s rising marketing demand

Academy will set a new global benchmark for quality in travel content creation

China’s economy beats expectations with 5.4 percent Q1 growth

Analysts believe Beijing is likely to ramp up economic support measures to maintain its 2025 growth target of around 5 percent

Global economy could slow to 2.3 percent on escalating trade tensions, says UNCTAD

Global growth's fall below the 2.5 percent threshold is often associated with a global recessionary phase

UAE, North Macedonia formalize economic and educational partnerships with new agreements

H.H. Sheikh Abdullah discussed with North Macedonia’s foreign minister strengthening bilateral ties 

Egypt’s economic outlook sees GDP reaching $399.8 billion in upcoming fiscal year

Al Mashat projected real growth at 4.5 percent, subject to review if tensions escalated

Abu Dhabi’s Sheikh Khaled approves HELM cluster to support medical innovation and manufacturing

The cluster is projected to contribute more than AED94 billion to Abu Dhabi's GDP and attract investments exceeding AED42 billion

UAE President, Dubai Ruler discuss strategies to enhance UAE’s progress and advance national goals

Their Highnesses discussed national affairs and citizen wellbeing, highlighting their significance in the country’s priorities

UAE, Japan seek stronger cooperation in trade, investment, energy and advanced technology

The visit comes as the total trade volume between the two countries reached about $49.6 billion in 2024

UAE launches AI legislative intelligence office to track economic impact of laws

The new system will monitor the impact of new legislation on the public and the economy on a daily basis

Qatar to invest $7.5 billion in Egypt: President El-Sisi outlines promising opportunity for Qatari investors

Egypt's President called upon companies and businessmen in Qatar to expand their investments in Egypt

Why are high net worth individuals moving to Dubai and Abu Dhabi?

Dubai, Abu Dhabi, Singapore, Zurich and Auckland make up the top five preferred locations for individuals looking to relocate

Saudi Arabia, Egypt explore key investment opportunities at Saudi-Egyptian Investment Forum

Trade exchange in 2024 exceeded $16.3 billion, marking a notable growth of 29 percent compared to 2023

UAE, Ireland ink deal to enhance economic and technical cooperation as non-oil trade hits $1.1 billion

Agreement aims to strengthen bilateral trade relations and establish a Joint Economic Committee to facilitate collaboration

UAE President, U.S. energy secretary reaffirm commitment to strengthening global energy security

Sheikh Mohamed reaffirmed the UAE’s commitment to deepening its longstanding and constructive partnership with the U.S.

Sheikh Hamdan witnesses signing of eight UAE-India strategic agreements in key sectors

Deals underscore the vital role of business communities in advancing collaboration and mutual growth between the UAE and India

China consumer prices continue downward trend decline amid intensifying trade war

Country faces economic challenges as consumer prices fall for second month

EU pauses countermeasures against U.S. tariffs

26 EU member states voted to impose countermeasures just before Trump announced a 90-day pause

60 investment deals announced at Saudi Arabia’s Sports Investment Forum

Forum highlighted opportunities in privatization, infrastructure development and investment in media and e-sports