Economy

IMF raises global growth forecast this year to 3 percent

Growth expected to decline in the Middle East and Central Asia region

UAE government revenues reach AED115.6 bn in Q1 2023

Ministry of Finance reveals expenditures reaching AED 92.5 billion

Saudi’s PIF behind $5.1 bn investment in London’s Selfridges

Investment results in 50 percent stake in UK’s retail giant

A new phase of high-powered growth for the Dubai family business sector

Expansion of financial wealth in the UAE to reach $1 trn in 2026,

Next Fed hike expected at 25 basis points

Will it be the final one in current tightening cycle?

UAE, Türkiye sign agreements and MOUs worth $50.7 bn

UAE investments in Türkiye amounted to $7.8 bn until end 2021

The Sovereign Fund of Egypt (TSFE) enters the top 50 global wealth list: SWFI

47th position ranks in top 100 largest sovereign funds by total assets

Japan’s Gulf tour: energy ties and economic cooperation

90 percent of Japan's oil supply comes from the Middle East

Turkish lira hits records low as Erdogan visits GCC

By Tuesday afternoon, the lira was worth 26.99 to the dollar

Saudi to host Gulf summit with Central Asian countries today

Targets GCC integration and joint cooperation

Global recession fears diminishing  

"Only a 20 percent chance the U.S. economy will be in a recession"

Non-oil sector leads Bahrain’s GDP expansion in Q1

GDP expanded by 2 percent at constant prices year-on-year

Erdogan kicks off GCC tour in Saudi

GCC presents Türkiye with potential partnerships in construction, tourism, finance, and technology

UAE, France, seek enhanced trade ties

Joint business council to boost economic relations

UAE, India agree to settle trade transactions using rupee-dirham payments

Bilateral trade between two countries hits $84.5bn in 2022-2023

Dubai’s economic indicators beat expectations in H1 2023

Crown Prince: Ambitions met towards an ideal business environment