Economy

Egypt aims for 4.5 percent economic growth as parliament passes FY2025/26 development plan

Real GDP growth is projected to rise from 2.4 percent in FY2023/24 to 3.8 percent in FY2024/25, then to 4.2 percent and 4.6 percent in FY2025/26 and FY2026/27, respectively, according to World Bank projections

Turkey central bank holds interest rates at 46 percent amid geopolitical tensions

Market rates, such as the Turkish Lira Overnight Reference Rate (TLREF), have also aligned in the 46 percent range

Global FDI falls 11 percent in 2024 amid major slowdown in Europe, developed economies: UNCTAD

In too many economies, capital is stagnating or bypassing entirely the sectors that matter most, said UNCTAD

Saudi Arabia’s PIF launches new company to build, operate facilities of Expo 2030 Riyadh

Company plans to lead the transformation of the Expo’s gated area into a global village to serve as a multicultural hub

UAE attracts over $45 billion in FDI in 2024, aims for $354 billion in six years: Sheikh Mohammed

The UAE ranked second only to the U.S. in the number of new FDI projects launched last year

Google contributes over $5.9 billion to UAE economy in 2024: Report

Google’s AI tools significantly enhanced productivity for individuals and enterprises in the UAE 

Bank of England maintains interest rates at 4.25 percent citing a “highly unpredictable world”

Governor emphasized that interest rates are on a gradual downward path for the U.K.

World Bank projects stronger medium-term growth across GCC economies

The GCC's rebound is expected to be fueled by the phasing out of OPEC+ oil production cuts and continued expansion in non-hydrocarbon sectors

ADPIC signs MoUs with top UAE universities to boost infrastructure innovation

The partnerships underscore ADPIC's commitment to fostering innovation, developing local talent, and enhancing knowledge exchange

Future cities in focus: Key takeaways from the final day of ADIS 2025

ADIS 2025 has firmly positioned itself as a leading global forum for infrastructure dialogue, demonstrating Abu Dhabi’s bold and forward-looking urban development agenda

UAE central bank holds interest rates steady, in line with U.S. Fed

After keeping interest rates in the 4.25-4.50 percent range, Fed policymakers signaled that rate cuts are still likely to happen in 2025

UAE, Serbia Presidents discuss strengthening ties in economy, investment and development

Leaders reaffirmed their commitment to further strengthening UAE–Serbia relations and building sustainable economic partnership

UAE economy set to grow 4 percent annually through 2028: S&P Global

The UAE economy's growth is driven by non-oil sector activity and rising oil production

Investopia signs MoU with Uzbekistan to host global talks in Tashkent in 2026

First edition will connect investors and decision-makers in key sectors vital for Uzbekistan's growth

ADGMA, Al Nazaha Association partner to advance anti-fraud and integrity initiatives

Partnership will deliver Fraud and Integrity Training courses, with the potential for co-developing accredited anti-fraud qualifications across the UAE

Global agrifood systems need $1.1 trillion annually to achieve sustainability by 2030

The global community can unlock the capital needed to secure food systems for future generations

UAE advances to 5th globally in 2025 IMD Competitiveness Ranking: Sheikh Mohammed reflects on nation’s progress

The UAE ranked 1st globally in the absence of bureaucracy index and 2nd globally in the government policies adaptability index

Global investors convene in Abu Dhabi to explore infrastructure opportunities at ADIS 2025

ADIS 2025 brought together over 70 global speakers, 30-plus exhibitors, and a diverse assembly of policymakers, investors, innovators, and industry leaders from around the world

Oil-funded growth or true diversification? Key metrics to watch in the GCC

Gulf economies show strong non-oil growth in 2024, but key indicators highlight the depth and sustainability of diversification efforts

UAE launches Summer Hospitality Camp 2025 to train youth for tourism careers

The initiative is a key pillar in the UAE’s broader strategy to build a skilled, future-ready workforce aligned with the UAE Tourism Strategy 2031

GCC dominates Dubai Chamber exports in Q1 2025 with AED 40.5 billion in trade

Markets across the Middle East (non-GCC) came in second, with exports and re-exports totaling AED 25 billion

Central banks expect to increase gold holdings, decrease U.S. dollar holdings over next five years: WGC

A record 43 percent of respondents believe that their own gold reserves will also increase over the next 12 months

FDI flows to developing economies fall to lowest level since 2005, says World Bank

In 2023, developing economies received just $435 billion in FDI, while high-income economies received $336 billion

Emirati SMEs secure AED1.29 billion in Dubai government contracts through supplier program

The Dubai Government continues to empower entrepreneurs by creating a supportive environment and implementing legislative frameworks to leverage growth