Economy

Trump to visit Saudi Arabia, UAE and Qatar as White House confirms mid-May plans

Trump will address Ukraine and Gaza conflicts during his visit to Saudi Arabia, a key U.S. ally

IMF cuts global growth forecast to 2.8 percent as U.S. tariffs surge to century-high

The IMF lowered its U.S. growth estimate for this year to 1.8 percent and raised its U.S. inflation forecast

9 jobs that will experience strong demand in the next 3 years: How can Dubai’s education system adapt?

Around 200 to 350 million people are estimated to require upskilling or reskilling in the next 5 years

Dubai inflation slows to 2.8 percent in March 2025 on lower transport costs

Transport costs in Dubai were down 3.3 percent annually, reflecting the decline in oil prices

UAE to engage in key economic talks at World Bank, IMF spring meetings

Meetings will focus on global economic priorities, fiscal policies, financial resilience, and international cooperation

UAE foreign trade hits $1.42 trillion in 2024, up from $952.9 billion in 2021: WTO

H.H. Sheikh Mohammed bin Rashid: UAE prioritizes openness and connectivity, becoming a vital global economic link

UAE and Chad Presidents discuss cooperation in trade, economy and investment

Collaboration aims to advance shared development and provide tangible benefits to both nations

UAE Ministry of Economy strengthens anti-money laundering efforts with new MoUs

Initiative strengthens partnerships and compliance systems while enhancing data exchange among all signatories

World Economic Forum: Three UAE women selected for 2025 young global leaders council

Emirati youth's inclusion in a global community underscores their vital role in leadership and decision-making

TikTok could be spared in U.S.-China trade talks as Trump signals possible deal

Trump's remarks underscore a declining appetite for sharply higher tariffs after the market's violent reaction on April 2

Egypt Central Bank cuts interest rates for first time in 4 years

The overnight deposit, lending, and main operation rates were cut by 2.25 percent each

Qatar, Russia commit $2.3 billion to joint investment fund for strategic sectors

Deal will target investments in technology, healthcare, minerals, and other sectors of mutual interest

IMF’s Georgieva confirms no recession ahead despite tariff tensions

In January, the IMF projected global growth of 3.3 percent this year and in 2026

Türkiye central bank unexpectedly hikes interest rate to 46 percent

Monthly core goods inflation is expected to rise slightly in April due to recent developments in financial markets

Abu Dhabi’s Mubadala to acquire $600 million stake in U.K.-based Nord Anglia Education

Operating over 80 schools in 33 countries, Nord Anglia educates more than 90,000 students from ages 2 to 18

UAE highlights role of DNFBPs sector in fighting financial crimes in Dubai

More than seven key legislations and policies have been enacted within a mere four years, specifically between 2020 and 2024

Dubai launches industry-first travel content creator academy to meet sector’s rising marketing demand

Academy will set a new global benchmark for quality in travel content creation

China’s economy beats expectations with 5.4 percent Q1 growth

Analysts believe Beijing is likely to ramp up economic support measures to maintain its 2025 growth target of around 5 percent

Global economy could slow to 2.3 percent on escalating trade tensions, says UNCTAD

Global growth's fall below the 2.5 percent threshold is often associated with a global recessionary phase

UAE, North Macedonia formalize economic and educational partnerships with new agreements

H.H. Sheikh Abdullah discussed with North Macedonia’s foreign minister strengthening bilateral ties 

Egypt’s economic outlook sees GDP reaching $399.8 billion in upcoming fiscal year

Al Mashat projected real growth at 4.5 percent, subject to review if tensions escalated

Abu Dhabi’s Sheikh Khaled approves HELM cluster to support medical innovation and manufacturing

The cluster is projected to contribute more than AED94 billion to Abu Dhabi's GDP and attract investments exceeding AED42 billion