Economy

UAE tightens telemarketing rules, announces fines of up to $41,000

Telemarketing calls can only be made between 9am and 6pm

IMF reaches staff-level deal for $820 million loan to Egypt

Agreement follows approval of $8 billion extended fund facility loan in March

RAKEZ, Indian Chamber forge agreement to boost business opportunities, economic growth

RAKEZ hosts close to 6,000 Indian companies that are contributing to the UAE's diverse industrial landscape

MENA’s economic landscape: Positive outlook amid persistent challenges

Analysts forecast a tepid year-on-year GDP increase this 2024, ranging from 2.4 to 2.7 percent

The rise of the digital economy: Banks as architects of GCC’s financial future

Open banking and digital payments among technologies that drive transformation in the finance industry

What’s behind the U.S. dollar’s dominance, and what can end it?

Dollar accounts for over 60 percent of global central bank reserves, making it the world’s most widely held currency

Elevating Türkiye’s investment appeal

Country’s trade volume with UAE, an important economic partner, hit $20 billion in 2023

Abu Dhabi launches Unified Economic License to enhance ease of doing business

A task force has been formed to ensure a smooth transition to the new license system

UAE’s non-oil private sector resilient in May, PMI holds steady at 55.4: Report

Firms in the UAE experienced a record increase in outstanding business levels in May, the report highlighted

4,351 new Indian companies join Dubai Chamber of Commerce in Q1 2024

Trade and services sector accounted for 42.3 percent of the total registrations

Egypt’s input cost inflation at 38-month low, boosts non-oil private sector, says PMI

New business levels across Egypt fell at the slowest rate since September 2021 in May

Arab economies projected to grow by 3.3 percent in 2024 as inflation declines: Report

The inflation rate in its 22 member states is expected to decline to 3.3 percent this year, compared to 9.3 percent in 2023

Qatar’s non-oil private sector posts robust growth with 53.6 PMI in May

Output and new orders increased at the fastest rates since Q3 2023

Dubai tops global list for FDI in cultural, creative industries with $3.2 billion inflows in 2023

An estimated 21,563 new job opportunities were created through FDI in the sector in 2023

Dubai launches corporate governance manual for government entities

Manual to boost Dubai's institutional performance, foster transparency and ensure accountability

Dubai invests over $844 million in Senegal over 13 years: CEO of Dubai Chambers

These investments have created more than 1,200 jobs in the Senegalese market

Egypt targets $30 billion in foreign direct investment in 2024/25 budget

The country's general budget indicators show that total revenues are expected to be EGP2.6 trillion

UAE to become regional hub for low-carbon aviation fuel: Minister of Economy

New roadmap sets goal to produce up to 700 million litres of low-carbon fuel annually by 2030

Sheikh Mansour bin Zayed approves system for licensing stable cryptocurrencies

Board meeting also approves a series of policies that aim to support the banking and insurance sectors

MENA investments likely to rise as interest rates decline in 2024, boosting IPOs and M&A deals: Report

UAE and Saudi Arabia's startups to continue taking center stage in dealmaking this year

Bahrain’s women empowerment index rises 30.6 percent since 2018, 50 percent surge in workplace and pension indicators: Report

The Kingdom achieved a full 100 score on expert opinions related to women starting and running a business