Economy

Dubai Duty Free sets sales records in 5 of 7 months so far in 2025

Dubai Duty Free’s year-to-date (YTD) sales have reached AED 4.734 billion ($1.30 billion), representing a 5.86 percent increase over the same period last year

TECOM Group delivers robust H1 2025 performance with $200.65 million net profit

Tecom Group's H1 revenue rose 21 percent YoY to AED 1.4 billion, driven by higher occupancy and rental rates and income from strategic asset acquisitions in 2024

Saudi Arabia’s real GDP grows 3.9 percent in Q2 2025, driven by non-oil sector

Non-oil activities recorded the highest growth at 4.7 percent, followed by oil activities at 3.8 percent

Saudi Arabia’s GDP to grow 3.5 percent over 2025-2028 despite oil market fluctuations, says S&P

S&P expects Saudi Arabia's non-oil sector to increase its contribution to the GDP from 47 percent in 2018 to 52 percent in 2028

From startup to global stage: How Humantra leverages Amazon to expand beyond the UAE

"Tamkeen: Stories of Growth", a new series by Amazon UAE and Economy Middle East, showcasing diverse voices and inspiring stories on how Amazon empowers individuals and businesses to unlock opportunities and achieve growth.

U.S. to impose 25 percent tariff on India starting August 1, says Trump

Bilateral goods trade between the two nations reached approximately $129 billion in 2024

China-U.S. trade tensions could boost Chinese exports to Europe, reduce inflation: ECB

ECB estimates suggest that a 10 percent rise in Chinese imports would create an oversupply of 1.3 percent of total goods consumption

GMG, Amazon partner to expand innovative digital retail experiences for MENA customers

Partnership supports GMG’s vision of combining strong physical retail presence with seamless digital experiences

IMF raises global growth forecast to 3 percent for 2025, 3.1 percent for 2026

Middle East and North African economies are expected to grow 3.2 percent in 2025 and 3.4 percent in 2026

Sharjah approves comprehensive guidelines for bonuses, promotions in government employment

Rules detail working hours, leave policies, and expectations for employee behavior in the workplace

UAE corporate tax: More than 33,900 benefit from late registration penalty waiver initiative

July 31 will be the final deadline to benefit from the initiative for the majority of corporate taxpayers whose first tax period aligns with the 2024 calendar year

Saudi Arabia, UAE join world’s top AI talent nations in latest global index

Saudi Arabia and the UAE’s strategic focus on AI, education, infrastructure, and their ability to attract top talent and investments are setting the stage for a new era of growth in the region

Dubai: New directory launched to empower family-owned businesses with expert consultancy support

The directory connects family businesses with 56 trusted advisors across various management disciplines and sectors

Fed expected to keep interest rates steady as tariff-driven inflation concerns persist

A spike in the prices of certain items contributed to a 3.5 percent annualized rise in consumer inflation in June

PIF named most valuable, fastest-growing sovereign wealth fund brand in 2025

PIF has the single most valuable brand name among the world’s SWFs, valued at $1.2 billion, up 11 percent from 2024

Could life exist underground on Mars or Enceladus? NYUAD study says yes

The NYUAD’s CASS study shows that cosmic rays may not only be harmless in certain subsurface environments, but could actively fuel microscopic life

Abu Dhabi real estate transactions jump 39 percent in H1 2025, hitting $14.08 billion

The recent launch of high-quality projects has further energized the market and opened doors to attractive investment opportunities

Abu Dhabi Chamber memberships surpass 158,000 in H1 2025, driven by growth in key sectors

Abu Dhabi Chamber is following a clear roadmap that focuses on staying ahead of challenges and driving growth in high-value sectors

DIFC records best-ever performance in H1 2025, attracts 1,081 new companies

The number of FinTech and Innovation companies reached 1,388, up from 1,081 in H1 2024

Sharjah Police partners with Emirates Auction to sell special vehicle number plates

Emirates Auction will act as the agent responsible for marketing and selling distinguished vehicle number plates in Sharjah

Saudi Arabia’s investment delegation concludes Syria visit with 47 deals worth $6.4 billion

The agreements span a wide range of sectors, including real estate, infrastructure, finance, and others

ECB maintains interest rates at 2 percent, pausing its year-long easing cycle

This decision follows eight cuts since June last year as trade relations with the U.S. remain unclear

AD Ports Group expands global reach with new office in Beijing

The office will be instrumental in advancing AD Ports Group’s strategic role in China’s Belt and Road Initiative (BRI)