Economy

Moody’s upgrades Oman’s credit rating to Baa3 with stable outlook, citing improved debt metrics

Oman’s government debt burden fell to 35.5 percent of GDP, continuing an improvement trend since 2020 

UAE, Chad discuss strategies for enhancing collaboration in the financial sector

The meeting included several senior Chadian officials, highlighting strong diplomatic ties between the nations

Central Bank of Egypt maintains interest rates as GDP growth projected at 4.8 percent

Annual headline inflation decreased to 15.3 percent during Q2 2025

Global economy faces $1.5 trillion loss due to delayed mega projects by 2030: Report

Middle East emerges as epicenter of global construction boom with surging megaprojects

UAE General Budget Committee discusses 2026 draft budget, reviews 2025 position

Committee reviewed the budget proposals submitted by various federal entities for the 2026 fiscal year

ADQ expands into vital sectors, marks strong financial performance in Q1 2025

Sheikh Tahnoon commended ADQ’s continued efforts to strengthen the foundations of economic resilience and sustainable development

UAE launches new program to enhance youth financial literacy: Who can apply?

UAE national, aged between 25 and 32, with a university degree in a relevant field are eligible to apply

UAE President, Armenia Prime Minister discuss enhancing economic and investment ties

His Highness reaffirmed the UAE’s commitment to working closely with Armenia to advance mutual development and prosperity

UAE and Azerbaijan sign CEPA to boost trade, investment flows in vital sectors

Bilateral non-oil trade between the two nations increased 43 percent year-on-year to reach $2.4 billion in 2024

What triggered the sharpest dollar drop in 2025?

The dollar's value dropped over 10 percent, marking its worst start since 1973

Sheikh Mohammed launches AI-powered system to improve government performance by 60 percent

New system supports decision-making, monitors plans and strategies, and enhances the ability to anticipate future challenges

UAE President, Dubai Ruler gather for key discussions on national development and citizens’ welfare

Attendees included key leaders and ministers dedicated to advancing the UAE's national objectives

157,207 companies now registered with Abu Dhabi Chamber as business confidence grows

The Chamber’s momentum aligns with Abu Dhabi’s broader economic performance

IMF allocates $250 million to aid Lebanon in restoring financial stability

The IMF's financial aid aimed to restore stability while ensuring compliance with reform terms in Lebanon

World Bank forecasts Syria’s GDP to grow by 1 percent after a 1.5 percent contraction

"The easing of sanctions provides some upside potential; however, progress remains limited," states the World Bank

Dubai and Beijing strengthen economic, investment ties as non-oil trade hits $80.67 billion

By the end of June this year, more than 6,000 Chinese companies were registered as active members of the Dubai Chamber of Commerce

UAE, Syria presidents discuss bilateral cooperation in development, economic sectors

H.H. reaffirmed UAE’s unwavering support for the Syrian people's aspirations for a prosperous future 

Oman’s real GDP expands 2.5 percent to $24.52 billion in Q1 2025

The growth is driven by a robust performance in non-oil sectors

BRICS meeting in Brazil marks UAE’s commitment to multilateral partnerships, economic growth

UAE participates in BRICS Finance Ministers, Central Bank Governors Meeting under Brazil’s presidency

Three scenarios for Middle East in 2035 show $232 billion AI-driven potential GDP boost: PwC

The Middle East can leverage renewable energy and AI for sustainable economic expansion

BRICS: Abu Dhabi Crown Prince, President of Brazil discuss further strengthening bilateral relations

Sheikh Khaled reaffirmed UAE's commitment to dialogue, economic integration for global stability 

World Bank sees growth on the horizon in the GCC

The report highlights Oman’s fiscal consolidation as a noteworthy example despite it having one of the lowest projected growth rates in the region

Sheikh Mohammed launches AI-driven strategic planning cycle to achieve ‘We the UAE 2031 Vision’ 

H.H. highlighted proactiveness and future readiness as pillars of effective governance 

Abu Dhabi’s Crown Prince to lead UAE delegation at 17th BRICS Summit on July 6-7

UAE joined BRICS in August 2023, enhancing its foreign and economic policy landscape significantly