Economy
"We are very proud of the development, reform, and progress we made so far"
The IMF does not expect a global recession
MoU will increase the sector’s contribution to the national economy
Inflation expected to reach 17% in August
Vision 2030 media coverage grew by 74% since 2020
UAE engineering employers finding it difficult to recruit new staff
Cairo launches today the National Climate Change Strategy 2050
2,500 leaders and experts gather to reconnect and share ideas
Kingdom's oil production reached 10.35 million bpd in April
Dubai issues over 32K licences since August 2017
Rules out larger increase of 75 basis points at the next meeting
“HC”: Inflation figures for April higher than estimates
Budget supported by high oil prices
Central Bank Governor: This will reflect on the UAE progress and prosperity
The issuance of two tranches was valued at AED 1.5 billion
First auction of dirham treasury bonds oversubscribed 6.3 times
Cepa will encourage trade by reducing custom tariffs by 90 percent
Heavy penalties imposed if private firms do not meet the Emiratisation criteria
Total capital flows of FDI projects exceeded 26 billion dirhams in 2021
