Economy

WGS 2025: Sheikh Maktoum calls Ninth Arab Fiscal Forum a strategic platform for Arab economic integration

Forum organized by Ministry of Finance in cooperation with the Arab Monetary Fund and the International Monetary Fund

UAE President and Vice-President welcome international guests to World Governments Summit 2025

WGS 2025 will host 30+ heads of state, 80+ organizations, 140 delegations, and 6,000 attendees

WGS 2025: IMF projects 3.3 percent global growth for 2025; MENA expected to rebound to 3.6 percent

Middle East recovery is expected to be fueled by an uptick in oil production and a reduction in regional conflicts

Abu Dhabi sees 16 percent growth in new economic licenses during 2024

Growth is boosted by emirate's business-friendly ecosystem and high standards of transparency, governance

UAE President, Bahrain King reaffirm commitment to cooperation and development

Non-oil trade between the UAE and Bahrain hit $4.16 billion, a 26 percent surge

WGS 2025: Day Zero kicks off in Dubai with key forums

Forums include the Arab Fiscal Forum, the Arab Meeting for Young Leaders and the Young Arab Leaders Forum

WGS 2025: Dubai to host first edition of Young Arab Leaders Forum

Forum will bring together over 200 emerging leaders from across the Arab world on February 10

DIFC launches Dubai Financial Experts Program to develop next generation of national leaders in financial services

The initiative aims to boost Emirati knowledge, skills, and leadership in financial services

Dubai Chambers, U.S Chamber of Commerce partner to enhance trade, investment ties

Partnership will strengthen trade relations and enhance the ties between the business communities of Dubai and the United States

Sheikh Hamdan approves key social welfare, digital transformation initiatives for Dubai

Strata Registration initiative approved to enhance homeownership opportunities for UAE citizens

Dubai’s GDP grows 3.1 percent to $92.4 billion in first nine months of 2024

Trade, Transportation and Storage, and Finance and Insurance emerge as the leading sectors driving growth

Bank of England cuts interest rates to 4.5 percent, lowest since 18 months

This decision follows December's unexpected inflation drop from 2.6 percent to 2.5 percent

Sheikh Mohammed approves new boards of directors for Dubai Chambers and its three divisions

The board of directors for Dubai Chambers will be headed by Sultan Bin Saeed Al Mansoori, former UAE Minister of the Economy

Saudi Arabia’s debt capital market poised to exceed $500 billion by end of 2025: Report

Fitch has reaffirmed Kingdom's credit rating at A+ with a stable outlook

WGS 2025: Expanded agenda to feature prominent tech leaders Elon Musk and Alphabet CEO

Alphabet CEO Sunder Pichai, Chairman of Alibaba Group Joseph Tsai and co-founder and CEO of Roblox David Baszuck will headline this year's edition

UAE launches new roadmap for Green Intellectual Property to accelerate technology localization

Ministry aims to raise the share of patent registrations for sustainable and environmental innovations to 8 percent of the total

WGS 2025: Over 200 Arab youth ministers to convene at 4th Arab Meeting for Young Leaders

Meeting will feature a ministerial discussion panel with institutional leaders and influential young figures from diverse fields

GCC foreign inflows fall under $1 billion in January 2025 amid heightened investor selectivity: Report

Saudi topped net inflows at $694 million, followed by Kuwait at $133 million, UAE $115 million

Egypt’s non-oil private sector records best performance in 4 years with January PMI at 50.7

January's figure, highest since November 2020, rose due to improved market conditions and lower costs

UAE non-oil business sector grows strongly to 55.0 in January, PMI indicates

Business activity and new orders increased significantly, fueled by favorable conditions and reduced cost pressures

Global healthcare private equity soars to $115 billion in 2024, second-highest deal value on record: Report

Biopharma sector's scalability and alignment with national health agendas have made it a focal point for Middle Eastern sovereign wealth funds

What Trump’s sovereign wealth fund means for TikTok

Trump proposed a sovereign wealth fund to address American security and user privacy concerns