Economy

UAE, Russia sign double taxation avoidance draft agreement to boost economic cooperation

This agreement seeks to establish a stable and investment-friendly tax framework and eliminate tax barriers

Egypt’s current account deficit more than doubles to $5.9 billion in Q1 2024-2025

Suez Canal transit receipts fell 61.2 percent to $931.2 million in Q1

ADGM’s Numou inks new partnerships, expands lending network for SMEs

Numou has revolutionized SME financing with the launch of an innovative digital lending marketplace

Global economy to remain stable in 2025-2026 with 2.7 percent growth: World Bank

New global trade restrictions in 2024 were five times the 2010-19 average, which caused a drop in overall economic growth

Bahrain, Oman sign 25 cooperation agreements to strengthen bilateral relations

The Double Taxation Agreement aims to strengthen economic ties through improved tax collaboration

Mubadala’s KELIX bio acquires Julphar subsidiary DiabTec

DiabTec's state-of-the-art facility is built to EU/US FDA standards and is currently the only one of this kind in the GCC

Global economy to weaken in 2025 on political uncertainty, rising debt: Report

As many as 56 percent of leading chief economists expect weaker global economic conditions in 2025, compared to only 17 percent expecting improvement

Dubai secures 437 bids for global business events in 2024, up 20 percent annually

The events captured in 2024 are set to attract around 210,731 delegates to Dubai over the coming years

Sharjah Shopping Promotions continue to boost retail sales, economic growth

Event not only helps boost retail sales across multiple sectors but also attracts more investments to Sharjah's retail sector

UAE President, Albania’s PM to strengthen bilateral ties in economy and investment

Both parties addressed the ADSW 2025 agenda, emphasizing its role in promoting global sustainability and knowledge sharing

Saudi Arabia’s inflation rate hits 1.9 percent in December 2024, lowest among G20 countries

CPI reflects price changes for a fixed basket of 490 goods and services

Saudi Arabia, Singapore to establish Strategic Partnership Council as trade grows to $1 billion in 2024

Highlights both nations' commitment to advancing relations in economic and developmental sectors

Finland opens new embassy headquarters in Abu Dhabi, marking 50 years of diplomatic ties

Launching the new embassy headquarters is an important step to boost cooperation and relations between the two countries

Rising environmental, tech challenges threaten global stability: Report

State-based armed conflict emerges as the top immediate risk for 2025, reflecting heightened geopolitical tensions and fragmentation globally

UAE’s Comprehensive Economic Partnership Agreements: A path to enhanced global trade in 2025

UAE's CEPA initiative targets $1 trillion trade and $800 billion economy by 2031

Global markets to trade with considerable volatility as Trump takes office: Saxo Bank

Consensus U.S. GDP growth forecasts for 2025 are at +2.1 percent, a rosy forecast given the risks

A pivotal year for progress

As we face the year 2025, the MENA region is poised for growth, with the non-oil economy playing a critical role

ADFW 2024: Empowering Abu Dhabi’s economy as the falcon takes flight

The third edition hosted insightful gatherings and discussions on the UAE capital's economic growth, key sectors and expansion opportunities

The global economy in 2025: Stability amid uncertainty

IMF and OECD estimate that global growth could hit 3.2 to 3.3 percent this year

Timeless allies, evolving visions: The UK-UAE partnership for a transformative future

The relations between the two countries serve as a compelling example of how strategic collaboration can drive meaningful progress in trade, technology, and sustainability

Redefining the media landscape: Exploring the Dubai Content Creators Program

The Dubai Press Club initiative welcomes participants from various nationalities, professional fields, and creative disciplines

UAE, Malaysia sign CEPA as non-oil bilateral trade grows to $4 billion

The UAE is Malaysia’s second-largest trade partner in the Arab world, accounting for 32 percent of its trade with Arab nations

Sukuk market to remain strong in 2025, may reach $200 billion: Report

Total sukuk issuance amounted to $193.4 billion at year-end 2024

Central Bank of Egypt reports $2.2 billion increase in gold reserves for 2024

This surge brings the total value to $10.644 billion by December 2024, a rise from $8.440 billion recorded in December 2023