Economy

Dubai International Financial Centre (DIFC) posts 35 percent growth with gross written premiums of $3.5 billion in 2024

Surge highlights the center's pivotal role in the insurance sector amid global challenges

Abu Dhabi’s Multiply Group revenues grow 50 percent to $159.27 million in Q1 2025

The group's net profit from operating businesses increased by 26 percent

UAE strengthens BRICS ties: Key areas of cooperation discussed at second Sherpa meeting

During the meeting, members engaged in discussions to draft the Foreign Ministers' Statement

Dubai World Trade Centre (DWTC) generates $6.1 billion in economic output in 2024 from over 2 million attendees

Large-scale events generated AED2.9 billion in sales value, showcasing Dubai's vibrant economy

RAKEZ welcomes 3,676 new companies in Q1 2025, marking 23 percent growth

RAKEZ continues to attract investors, particularly from India, Pakistan, the United Kingdom, Egypt and France

Upcoming $950 million T-bill auction by CBE aims to cover previous dollar tender maturity

CBE allows local and foreign institutions to subscribe to T-bills, starting at a minimum of $100,000 

Strong economic indicators signal 3.4 percent GDP growth for Oman in 2025

Foreign direct investment inflows surged by 16.2 percent in Q3 2024 compared to 2023

Joint Saudi-Qatari initiative paves way for $15 million payment to World Bank for Syria

Commitment aims to accelerate the recovery of Syria’s economy and development 

UAE, Oman boost bilateral trade and investment ties at Advantage Oman Forum

Non-oil trade between the two countries grew 9.8 percent in 2024 to AED56.2 billion

Saudi Vision 2030: A comprehensive review of achievements in 2024

Vision hit 93 percent target success rate in first nine years

Sheikh Mohammed visits UAE pavilion at Expo 2025 Osaka

Sheikh Mohammed also met with the UAE delegation at Expo 2025 Osaka, who are welcoming over 15,000 visitors daily 

Lebanon: New banking secrecy reforms to restore financial stability, fulfill IMF demands

New law allows regulators to access ten years of banking records to combat corruption

UAE, France discuss strengthening strategic relations amid EU free trade deal prospects

Sheikh Abdullah noted that bilateral cooperation with France is witnessing continuous and sustainable growth across all areas

World’s largest sovereign wealth fund faces $40 billion loss as tech sector struggles

CEO noted significant market fluctuations affected investor sentiment and fund performance 

Dubai AI Week 2025: UAE emerges as global launchpad for AI startups

Speakers noted that the UAE “provides the stability to build a global company—and attract great talent”

Lebanon: World Bank approves $250 million loan with plans to increase to $400 million

Finance Minister Yassine Jaber announced loan details after meeting World Bank Vice President Osama Weden 

U.S. signals possible 25 percent increase in tariff on Canadian imported vehicles

Canada is a key auto exporter to the U.S. with integrated supply chains under USMCA 

Tariffs to push global public debt above pandemic peak, says IMF

Global public debt peaked in 2020 at 98.9 percent of GDP as governments borrowed heavily to tackle the COVID-19 crisis

MENA region’s growth to rise moderately to 2.6 percent in 2025, says World Bank

In 2026, real GDP is projected to grow by 4.5 percent among GCC economies

IMF raises Egypt’s growth forecast to 3.8 percent for 2025, 4.3 percent next year

Adjustment improves upon January forecasts of 3.6 percent and 4.1 percent for the economy

Saudi Arabia and India expand cooperation in energy, health and space during PM Modi’s visit

The two leaders highlighted the agreement in the High-Level Task Force to collaborate on establishing two refineries

Oman, Russia ink 11 pacts including visa waiver agreement during Sultan’s Moscow visit

The visit marked the 40th anniversary of diplomatic relations established on September 26, 1985 

IMF projects strong UAE economic growth forecast for 2026 at 5 percent

UAE economy is projected to surpass oil-exporting countries, growing 2.6 percent in 2025, 3.1 percent in 2026