Economy

UAE and New Zealand sign CEPA, targeting $5 billion bilateral trade by 2032

This agreement seeks to reduce trade barriers, enhance customs procedures

1 Billion Followers Summit 2025 concludes with groundbreaking initiatives, record participation

Over 10 investment funds totaling AED50 million participated in the summit to support content creators across various fields

UAE and Kazakhstan Presidents discuss bilateral relations, issues of shared interest

The two leaders underscored the need for enhanced global cooperation to tackle pressing issues like climate change

IMF forecasts steady global economic growth, continuing disinflation in 2025

Georgieva noted that the U.S. economy is performing "quite a bit better" than anticipated

Global economic growth to remain at 2.8 percent in 2025, says UN

Western Asia's economy is set to strengthen to 3.5 percent in 2025, driven by improved prospects in Saudi Arabia and Türkiye

Geopolitical risks, new tech and skills gap make cyberspace more complex: Report

Geopolitical turmoil has affected the perception of risks, with one in three CEOs citing cyber espionage and loss of sensitive information/IP theft as their top concern

Etihad Credit Insurance signs MoU with Al Maryah Community Bank to boost Xport Xponential initiative

The partnership will open up an additional financial source for the UAE's export and re-export companies

Egypt’s annual inflation declines to 23.4 percent in December 2024

Most notable decline was recorded in vegetable prices which saw a 14 percent dip last month

ADGM publishes new employment regulations, to become effective on April 1

New regulations amend the definition of ‘employee’ to facilitate hiring remote employees

World’s strongest passports in 2025 revealed

The UAE is one of the biggest climbers over the past decade, having secured access to an additional 72 destinations

Dubai’s DWTC to host over 100 events spanning key growth sectors in H1 2025

DWTC calendar features new exhibitions and flagship mega-events such as Arab Health, Gulfood and Arabian Travel Market

Who is Hussain Sajwani, the billionaire founder of DAMAC group?

Here's all you need to know about Emirati businessman Hussain Sajwani, who founded the DAMAC group in the 1980s

Sheikh Hamdan: Dubai’s enduring public-private partnerships key catalyst for economic growth, global competitiveness

H.H. reaffirmed Dubai's commitment to promoting business growth and sustainable development

78 million new jobs to be generated by 2030, but urgent upskilling needed: Report

Shifting global trends are projected to generate 170 million new jobs by 2030, while displacing 92 million others

Bahrain’s economy grows 2.1 percent in Q3 2024 on non-oil sector expansion

The contributions of non-oil activities to real GDP reached 86.4 percent in Q3 2024

UAE’s Patent Hive initiative to reduce patent registration time to only 6 months

Initiative seeks to reduce the time needed for patent registration from 42 months to only 6 months

Egypt targets 5-6 percent GDP contribution from mining sector

The minister announced plans to launch a Mineral Resources Portal and offer mining areas for investment in 2025 

Geopolitical tensions, instability put brakes on global cooperation: Report

AI and other emerging technologies are reshaping the global landscape and driving upheaval, according to a new report

Egypt’s net foreign reserves surge to $47.109 billion in December 2024

At the close of August 2024, Egypt's net international reserves reached $46.597 billion

BRICS bloc officially welcomes Indonesia as new member

Indonesia joining BRICS enhances collaboration with developing nations based on equality and sustainable development

GCC inflation rate increases 1.5 percent in September on rising housing prices

Among GCC countries, Kuwait recorded the highest annual inflation rate in September at 2.8 percent

How economic growth, rise of AI fuel dynamic labor market in UAE

The country sets a global standard in protecting workers' rights and providing a secure and stable work environment

UAE’s non-oil sector business activity hits 9-month high in December: PMI

The Dubai PMI rose from 53.9 in November to 55.5 in December

Saudi Arabia endorses 2025 annual borrowing plan with $37 billion funding target

This plan outlines key public debt developments for 2024, local market enhancements, and the 2025 funding strategy