Economy

Qatar’s real GDP to gradually pick up to 1.75 percent in 2024-2025: IMF

Qatar's medium-term outlook is more favorable with the IMF expecting growth to reach close to 4.5 percent

Dubai World Trade Centre’s economic output soars 40 percent to $4.97 billion in 2023

DWTC hosted 76 events with 1.54 million attendees, 46 percent international

UAE’s real GDP to grow 4 percent in 2024: IMF

UAE's oil GDP is also expected to expand this year as OPEC+ output cuts ease

Emirate of Sharjah ‘BBB-/A-3’ ratings affirmed; outlook stable: Report

The report expects Sharjah's fiscal deficits to gradually narrow over 2024-2027 due to several factors

Sheikh Hamdan inaugurates Dubai AI Campus cluster at DIFC Innovation Hub

The move is part of phase one of the DUB.AI programme launched to accelerate AI adoption across key sectors

UAE e-commerce market to exceed $13.29 billion by 2028

MENA e-commerce market to grow to AED183.6 billion by 2028

Qatar Economic Forum 2024 concludes with 20 agreements, $2.47 billion investment

Around 2,300 participants including 1,300 influential international leaders convened to discuss global challenges and opportunities

Egypt’s workforce grows as unemployment rate drops to 6.7 percent in Q1 2024: Report

Total unemployment across Egypt declined 2.5 percent compared to the previous quarter

Moody’s affirms Kuwait A1 rating, stable outlook

Solid budget and financial buffers, but reforms needed to reduce oil dependence

Saudi Arabia maintains steady inflation rate of 1.6 percent in April 2024

Inflation in April was driven by a 10.4 percent increase in rental prices, largely due to a 9.4 percent jump in villa rents

UAE announces 10-year Blue Residency visa

UAE already grants 10-year golden visas to eligible investors, entrepreneurs, scientists and outstanding students, among others

Oman, Kuwait ink four agreements in investment, education and metrology

Agreements to boost existing and future investments in Oman and Kuwait in key sectors

Dubai once again ranks No. 1 for attracting greenfield FDI projects

In 2023, Dubai welcomed 1,070 global greenfield FDI projects, 142 percent more than second-placed Singapore

New Silk Road economies’ share of global GDP to rise to 48 percent by 2040: Report

Increasingly assertive role of GCC countries reshapes economies of the New Silk Road

Private sector’s share in Egypt’s total investment reaches 40 percent

Private sector's contribution to the GDP increased to 71 percent this year

Oman’s economic growth to reach 0.9 percent in 2024, 4.1 percent in 2025: IMF

Oman's non-hydrocarbon growth to increase to 2.6 percent in 2024 and 3.2 percent in 2025

Number of UAE nationals employed in private sector rises 157 percent in 2 years: MoHRE

UAE labor market witnessed a 10.53 percent growth in the number of employees

UAE ranks second globally in shopping satisfaction: Report

Extensive use of digital features improves the in-store shopping experiences of UAE consumers

Unemployment rate in Saudi Arabia’s labor market at 8.6 percent, women’s participation reaches 34.2 percent

Over 1,000 government employees received training at international agencies, enhancing their work effectiveness

Investopia Europe 2024: UAE Economy Minister highlights strong strategic ties with EU, vows to deepen mutually beneficial relationship

H.E. Bin Touq meets with ministers and top EU officials to discuss prospects for enhancing economic cooperation

Dubai’s investments in Vietnam surpass $76.2 million in 5 years, generating 4,500 job opportunities

Bilateral trade between Dubai and Vietnam surged to $8.6 billion in 2023

Türkiye central bank raises year-end inflation forecast to 38 percent

Inflation rose to 69.8 percent in April, highest since late 2022

Egypt’s annual urban inflation rate decreases to 32.5 percent in April

Prices in April increased by 1.1 percent, up from 1.0 percent in March, on a month-on-month basis