Economy

Joint Saudi-Qatari initiative paves way for $15 million payment to World Bank for Syria

Commitment aims to accelerate the recovery of Syria’s economy and development 

UAE, Oman boost bilateral trade and investment ties at Advantage Oman Forum

Non-oil trade between the two countries grew 9.8 percent in 2024 to AED56.2 billion

Saudi Vision 2030: A comprehensive review of achievements in 2024

Vision hit 93 percent target success rate in first nine years

Sheikh Mohammed visits UAE pavilion at Expo 2025 Osaka

Sheikh Mohammed also met with the UAE delegation at Expo 2025 Osaka, who are welcoming over 15,000 visitors daily 

Lebanon: New banking secrecy reforms to restore financial stability, fulfill IMF demands

New law allows regulators to access ten years of banking records to combat corruption

UAE, France discuss strengthening strategic relations amid EU free trade deal prospects

Sheikh Abdullah noted that bilateral cooperation with France is witnessing continuous and sustainable growth across all areas

World’s largest sovereign wealth fund faces $40 billion loss as tech sector struggles

CEO noted significant market fluctuations affected investor sentiment and fund performance 

Dubai AI Week 2025: UAE emerges as global launchpad for AI startups

Speakers noted that the UAE “provides the stability to build a global company—and attract great talent”

Lebanon: World Bank approves $250 million loan with plans to increase to $400 million

Finance Minister Yassine Jaber announced loan details after meeting World Bank Vice President Osama Weden 

U.S. signals possible 25 percent increase in tariff on Canadian imported vehicles

Canada is a key auto exporter to the U.S. with integrated supply chains under USMCA 

Tariffs to push global public debt above pandemic peak, says IMF

Global public debt peaked in 2020 at 98.9 percent of GDP as governments borrowed heavily to tackle the COVID-19 crisis

MENA region’s growth to rise moderately to 2.6 percent in 2025, says World Bank

In 2026, real GDP is projected to grow by 4.5 percent among GCC economies

IMF raises Egypt’s growth forecast to 3.8 percent for 2025, 4.3 percent next year

Adjustment improves upon January forecasts of 3.6 percent and 4.1 percent for the economy

Saudi Arabia and India expand cooperation in energy, health and space during PM Modi’s visit

The two leaders highlighted the agreement in the High-Level Task Force to collaborate on establishing two refineries

Oman, Russia ink 11 pacts including visa waiver agreement during Sultan’s Moscow visit

The visit marked the 40th anniversary of diplomatic relations established on September 26, 1985 

IMF projects strong UAE economic growth forecast for 2026 at 5 percent

UAE economy is projected to surpass oil-exporting countries, growing 2.6 percent in 2025, 3.1 percent in 2026 

Trump to visit Saudi Arabia, UAE and Qatar as White House confirms mid-May plans

Trump will address Ukraine and Gaza conflicts during his visit to Saudi Arabia, a key U.S. ally

IMF cuts global growth forecast to 2.8 percent as U.S. tariffs surge to century-high

The IMF lowered its U.S. growth estimate for this year to 1.8 percent and raised its U.S. inflation forecast

9 jobs that will experience strong demand in the next 3 years: How can Dubai’s education system adapt?

Around 200 to 350 million people are estimated to require upskilling or reskilling in the next 5 years

Dubai inflation slows to 2.8 percent in March 2025 on lower transport costs

Transport costs in Dubai were down 3.3 percent annually, reflecting the decline in oil prices

UAE to engage in key economic talks at World Bank, IMF spring meetings

Meetings will focus on global economic priorities, fiscal policies, financial resilience, and international cooperation

UAE foreign trade hits $1.42 trillion in 2024, up from $952.9 billion in 2021: WTO

H.H. Sheikh Mohammed bin Rashid: UAE prioritizes openness and connectivity, becoming a vital global economic link