Economy

Dubai has best reputation among world’s top 100 cities: Report

London, New York and Paris remain world’s top cities across all metrics, while Tokyo and Dubai rise to 4th and 5th positions on the Global City Index

Bank of England lowers interest rates to 4.75 percent, anticipates gradual cuts ahead

This marks the second reduction by the central bank this year, following the initiation of its easing cycle in August

UAE Government Annual Meetings 2024 conclude with key launches, development plans

Over 10 main sessions showcased upcoming national directions in key areas such as economy and investment, AI, education and sports, and family and community empowerment

Sheikh Hamdan launches ‘71 Challenge’ to empower young government leaders

Sheikh Hamdan: “Young people are the driving force behind our nation's progress, fuelling its development and innovation”

WEF report outlines path for MENA region to boost sustainability

Report highlights barriers the region faces when it comes to taking a leading role in transition

Singapore’s SIAC, ADGM partner to promote international arbitration for dispute resolution

The two entities will explore the possibility of SIAC establishing a presence in ADGM and other collaborative initiatives

Qatar’s non-oil sector grows even as cost inflation rises to over 4-year high: PMI

October data signaled continued investment in staff to boost capacity and retain skilled and experienced staff

UAE, Australia sign CEPA to boost bilateral non-oil trade to over $15 billion by 2032

UAE and Australia also signed six agreements in key sectors, further strengthening the partnership between the two nations

UAE’s debt capital markets grow 13.1 percent YoY to $294.4 billion by Q3 2024: Fitch

This growth highlights the country's evolving financial landscape and its strategic role within the sukuk market

UAE non-oil business activity rises in October on higher sales, lower prices: PMI

As non-oil business activity continued to expand, business sentiment across the UAE picked up with firms expecting growth to continue in 2025

Dubai International Chamber establishes representative office in Kazakhstan to boost trade, investment

This initiative is part of 'Dubai Global,' which aims for 50 offices worldwide by 2030 

Lulu Retail’s IPO raises $1.72 billion, share price set at $0.56

The offering garnered aggregate demand exceeding $37 billion from local, regional, and international investors

Oil prices decline as U.S. inventory data shows larger-than-expected build amid Gulf hurricane concerns

Brent oil futures expiring in January dropped 0.6 percent to $75.11 a barrel

Saudi Aramco achieves Q3 revenue of $111.1 billion, $27.6 billion in net profit

“Aramco delivered robust net income and generated strong free cash flow during the third quarter, despite a lower oil price environment,” Eng. Nasser said

UAE Government Annual Meetings: Cabinet sets key targets and national agenda for 2025

UAE Cabinet approves the National Anti-Drugs Strategy (2024-2031) with the aim of becoming drug-free by 2031

Dubai Chambers, DMCC partner to attract digital investments

DMCC to offer special business setup support packages for companies, particularly those in crypto, AI and gaming

UAE, Slovenia presidents discuss enhancing bilateral cooperation, investments in key sectors

Meeting discussed UAE-Slovenia bilateral relations with a focus on boosting economic, trade, investment, and development cooperation

Qatar affirmed at ‘AA/A-1+’; outlook stable: S&P

Growth momentum is expected to strengthen from 2026, supported by the North Field Expansion (NFE) LNG project

Fitch raises Egypt’s long-term foreign-currency rating to ‘B’ with stable outlook

The agency highlighted improvements in external finances driven by notable foreign investments and strengthened policy initiatives