Economy

New events for 2024 edition: From Abu Dhabi Capital Markets Forum to Islamic Finance Summit

The addition of new events will enhance connectivity, promote insightful exchanges, and introduce groundbreaking forums

Why MENA business leaders must prioritize mental health in their strategy

PwC’s Hopes and Fears report reveals that only 33 percent of employees in the Middle East feel their well-being is a priority at work

Saudi Arabia Crown Prince meets French President, executives from top French companies

Meeting addressed efforts to combat desertification and the exchange of innovative expertise and technologies

ADFW 2024 reaches new milestone

In seven years, the UAE plans to double FDI to $354 billion and triple the FDI balance to $599 billion

Abu Dhabi unveils four major initiatives to boost business

The initiatives aim to further cement Abu Dhabi’s status as the ‘Powerhouse of Tomorrow’

Saudi Arabia, France form strategic partnership council to bolster cooperation in key sectors

FDI flows from France to Saudi Arabia amounted to more than SAR11.2 billion in 2023

UAE National Day: Foreign aid hits $98 billion since 1971

The UAE allocated $100 million in foreign aid to assist in combating hunger and poverty worldwide

UAE National Day: Nation celebrates key economic achievements, milestones in 2024

Achievements underscore the effectiveness of the UAE’s initiatives and strategies across key sectors

Saudi Arabia, World Bank partner to establish global knowledge hub in Riyadh

The K-Hub will focus on two primary areas: competitiveness and diversification

World Bank: GCC growth projected at 1.6 percent in 2024, 4.2 percent in 2025-2026

UAE's economic growth is projected at 3.3 percent in 2024, driven by 4.1 percent non-oil sector growth 

UAE National Day: Historical bond with Saudi Arabia rooted in unity, shared vision

The Saudi Crown Prince's visit to the UAE emphasizes commitment to collaboration on regional and international issues amid global challenges 

What is Islamic finance: Principles and opportunities for growth

The global Islamic finance industry is witnessing remarkable growth, with total assets reaching $3.3 trillion by the end of 2023

Abu Dhabi Business Week to feature top global innovators, influential leaders from December 4 to 6

Over 150 speakers from various sectors will share their entrepreneurial stories and insights with 8,000 attendees across ten events

Saudi Arabia to introduce VAT refund system for tourists in 2025

Key tourism targets for 2025 include attracting 127 million visitors to support the goals of the National Tourism Strategy

Saudi Arabia’s expenditure on research and development surges by 17.4 percent to $6 billion

The workforce in the R&D field increased by 12.2 percent, bringing the total number of employees to 49,337

UAE’s F&B exports rise 19 percent in H1 2024, revenues to reach over $38 billion

Online sales of Abu Dhabi food and beverages are expected to reach $619 million by 2025 amid greater e-commerce adoption

ADGM’s assets under management jump 215 percent in Q3 2024

128 asset and fund managers, managing 156 funds, operate in ADGM as of the end of Q3 2024

How achieving gender equality could add $21 trillion to global GDP

Empowering women benefits business, as research shows diverse boards outperform non-diverse ones by 20 percent 

UAE-China ties: 40 years of diplomatic relations propel investments, trade to new heights

The UAE-China economic partnership continues to flourish, with over 14,500 Chinese business licenses issued in the UAE

Saudi Arabia attracts 2.5 million tourists to 80 global sporting events

Vision 2030 seeks to increase the sporting sector’s contribution to the Kingdom's GDP to $4.8 billion by 2030

UAE’s net wealth reaches $2.9 trillion in 2023, financial wealth grows 10 percent: Report

The UAE's net wealth, which includes financial wealth, real assets, and liabilities, is set to increase to $4.4 trillion by 2028

Saudi economy grows 64 percent to $1.09 trillion in nominal GDP from 2016 to 2023, says Finance Minister

Al-Jadaan projected a 4.6 percent growth rate for non-oil GDP in Saudi Arabia in 2025 

UAE consumer spending rises to $3.7 billion in Q3 2024: Report

UAE consumer spending in Q3 was driven by back-to-school sales and the growing prominence of convenience retail

Investopia announces 4th edition of annual summit, signs 15 new partnerships

The agreements included one with JC Media Group, the publisher of Economy Middle East