Economy

Sheikh Mohammed bin Rashid reviews progress of $980 million Hatta development projects

H.H. assessed progress of 65 Hatta development initiatives, 41 of which have been completed

Saudi Arabia’s non-oil exports rise by 12.7 percent in October

National non-oil exports, excluding re-exports, saw a rise of 5.1 percent

Saudi Arabia’s construction market to exceed $90 billion by 2029

Over $20 billion in projects are underway in Riyadh 

UAE drives development in 2024: Key initiatives and programs propelling growth

One of the most notable programs the UAE launched in 2024 is the Unified UAE Numbers project

UAE’s MoHRE calls on private sector to meet 2024 Emiratization targets by December 31

Organizations with 50 or more employees must achieve a 2 percent increase in Emiratization of skilled roles by year-end

Sheikh Hamdan forms interim steering committee to oversee transfer of commercial control operations in Dubai

The committee will be entrusted with approving timelines and streamlining operations for enhanced efficiency

UAE Ministry of Economy sets new pricing policy for 2025, focuses on 9 basic consumer goods

The new changes to the pricing policy are scheduled to take effect on January 2, 2025

UAE Ministry of Finance announces key amendments to tax regulations effective January 2025

The modifications introduce various administrative reliefs and clarifications for businesses that establish Tax Groups.

UAE-Croatia bilateral trade surges to $78.9 million in H1 2024, up 44.8 percent

UAE non-oil trade with Croatia reaches $110.7 million in 2023

Indian businesses top the list of newcomers joining Dubai Chamber of Commerce in 9M 2024

Pakistan ranked second on the list with 6,061 new companies joining the chamber in the first nine months of 2024

BRICS expansion: Nine new partner countries set to join in January 2025

Belarus, Bolivia, Indonesia, Kazakhstan, Cuba, Malaysia, Thailand, Uganda, and Uzbekistan will join BRICS as partner countries

Sharjah approves $11.4 billion budget for 2025, largest in emirate’s history

The budget empowers agencies to fund initiatives, provide housing for citizens, and upgrade tourism infrastructure

CBUAE forecasts real GDP growth: 4 percent in 2024, rising to 5.5 percent by 2026

Non-oil GDP growth is projected to remain robust at 4.9 percent in 2024 and 5.0 percent in 2025

Japan GDP: Growth trends and economic forecasts for 2025

Approximately 70 percent of Japan’s GDP is derived from the services sector

Kuwait, India agree on upgrading ties to strategic partnership

The two sides highlighted trade's crucial role in connecting their countries and its potential for further growth and diversification

ADBW 2024: ADDED, Ma’an sign MoU to empower social enterprises in Abu Dhabi

Ma’an will connect social enterprises with a network of social investors and innovators for collaboration and growth

What to expect at Davos 2025: Over 300 sessions to tackle the world’s most pressing matters

Davos 2025's program will be oriented around five distinct but highly interconnected thematic priorities

Emirati women: Key achievements and milestones in 2024

The UAE ranked 7th globally and remained the top nation in the region in the UN Gender Equality Index 2024

Investopia Tokyo explores investment and financing opportunities in Japanese markets in fintech, new economy

Bin Touq: ‘Investopia Tokyo’ creates promising economic and investment opportunities for the UAE and Japanese business communities

GCC region’s GDP to grow 3.7 percent in 2024, 4.5 percent in 2025: Report

The region's non-oil sector is expected to grow 4.5 percent in 2024, 7.8 percent in 2025 and 8.6 percent in 2026

ADFW 2024: ADGM Academy hosts inaugural Future of Talent Summit signs strategic MoUs

ADGM Academy hosted the Future of Talent Summit, a key event at ADFW, which explores the transformation of human capital in financial technology

Sheikh Hamdan names 11 influential Arab figures to lead Young Arab Leaders initiative

Initiative aims to attract 50,000 participants and develop and implement several future projects

ADGM FSRA signs MoU with UAE Ministry of Interior to combat financial crimes

Agreement aims to facilitate the exchange of information and strengthen risk mitigation frameworks

Fitch upgrades Oman’s outlook to positive, affirms BB+ credit rating amid fiscal improvements

Oman’s budget is expected to have a 2 percent GDP surplus in 2024, dropping to 0.7 percent in 2025