Economy

BlackRock, IHC to launch $1 billion AI-powered reinsurance platform in Abu Dhabi

Platform delivers underwriting capabilities, powered by AI, to accelerate growth in the Gulf

UAE and Kenya sign 7 agreements in key economic, trade, energy, transport and industry sectors

The two leaders discussed ways to enhance cooperation across all fields, especially economic, trade, investment, tourism and energy sectors

What does the “breakthrough” U.S.-U.K. trade deal include?

The reciprocal tariff rate of 10 percent, as originally announced on Liberation Day, will remain in effect

Abu Dhabi, Japan ink MoU amid 11.9 percent bilateral trade growth

UAE investments in Japan doubled in 5 years; attracting 80 percent of Japanese investment in the Middle East

Abu Dhabi Crown Prince to visit Kazakhstan on Sunday as UAE aims for $1 billion trade turnover

The UAE is one of the top ten largest foreign investors in Kazakhstan

Abu Dhabi Investment Office (ADIO) targets $25.3 trillion healthcare market with San Francisco expansion

The HELM cluster is projected to contribute $25.6 billion to the emirate’s GDP

Ukraine-U.S. minerals deal approved, economic boost expected

A joint investment fund will develop and extract Ukraine's mineral resources

Bank of England slashes interest rates to 4.25 percent amid global trade uncertainty

Decision provides relief to borrowers, businesses, and consumers amidst sluggish economic growth

UAE Central Bank keeps interest rate unchanged following Fed’s decision

The Fed held the benchmark overnight rate steady in the 4.25-4.50 percent range

Dubai International Chamber attracts 53 global companies in Q1 2025, up 39 percent

Chamber attracted 11 multinational companies and 42 small and medium-sized enterprises

UAE hosts its first-ever BRICS meeting, explores financing public-private partnerships and infrastructure

UAE aims to establish a sustainable platform for exchanging expertise between BRICS countries

Greece, Egypt set to sign “strategic partnership” to boost bilateral ties

El-Sisi reaffirmed Egypt's commitment to strengthening its strategic partnership with Greece during a meeting with the Greek President

China slashes interest rates, injects $138 billion liquidity to counter U.S. trade tensions

U.S. and Chinese officials prepare for crucial talks in Switzerland to ease trade tensions 

Trump’s tariffs propel U.S. trade deficit to record high $140.5 billion in March

Imports rose 4.4 percent to an all-time high of $419.0 billion in March

UK and India sign major trade deal to boost bilateral trade by $34 billion

Deal will increase UK's GDP by $6.43 billion and wages by $2.94 billion each year

UAE corporate tax: FTA clarifies tax exemptions for investors in REITs as a qualified fund

The FTA aims to clarify the income that will be taxed in the hands of juridical persons that are investors in a REIT

Alpha Dhabi Holding reports $1.2 billion adjusted EBITDA, $4.7 billion revenue growth of 23 percent

Company’s diverse portfolio has been crucial for driving revenue growth and enhancing profitability

Dubai Chamber of Commerce members’ exports, re-exports hit $23.41 billion in Q1 2025

The chamber revealed that 18,160 new companies joined during the three-month period

DMCC launches new SPV and holding licenses to boost business flexibility in Dubai

New licenses eliminate physical office lease requirements, providing cost-effective solutions for modern businesses 

Dubai’s Jafza celebrates 40 years and $30 billion in investment as key trade hub in emirate

Sheikh Hamdan emphasizes Jafza's importance in Dubai’s developmental journey as a trade hub

Oman, Algeria to establish $300 million joint investment fund

The Oman Investment Authority and Algeria’s Ministry of Finance signed an MoU to establish the fund

Fed to refrain from cutting interest rates as economic growth slows, tariffs dampen outlook

The Fed has held its policy rate in the 4.25-4.50 percent range since December

Saudi Arabia launches 6 major initiatives at GOSH7 to improve workplace standards

Al-Rajhi reaffirmed Saudi Arabia's commitment to protecting people and ensuring safe work environments according to the highest standards