Economy

WTO: 13th Ministerial Conference kicks off in Abu Dhabi

As many as 175 WTO member states, private sector leaders, NGOs and civil society representatives are coming together

WTO MC13: UAE provides $10 million grant to support initiatives

The WTO’s 13th Ministerial Conference is being hosted and chaired by the UAE in Abu Dhabi from 26 to 29 February.

Egypt’s GDP to climb to 5.1 percent by 2025: OECD

Efforts to tackle inflation and improve investor confidence to drive growth

UAE, Gulf economies to outpace global growth in 2024: Report

FAB report says UAE's GDP is likely to expand by 3.7 percent in 2023 and 4 percent in 2024

Kuwait’s inflation reaches 3.28 percent in January 2024

The increase was driven by rising prices in clothing, food, education

64 percent of consumers in Saudi Arabia regard Ramadan as opportune time for new purchases: Report

Appetite for spending in the Kingdom soared 46 percent ahead of Ramadan 2024

UAE, Kenya conclude terms of CEPA to expand trade in multiple sectors

The deal focuses on key sectors, including logistics, healthcare, travel, and tourism

Unprecedented growth in consumer products sector: Price increases drive surge, exceeding 10-year average

New report finds 75 percent of global growth was due to price increases in 2023

Saxo Bank CEO in MENA predicts UAE’s economic growth to surpass 5.5 percent in 2024

Tech investments and financial services are driving growth in the country

Dubai economy likely to grow by around 5 percent this year: Al Ghurair

Al Ghurair anticipated that lower interest rates later this year would help boost borrowing by companies

ECB reports record annual loss of $8.57 billion in 2023

Aggressive interest rate hikes lead to billions in payouts to banks

Over 67,000 new companies join Dubai Chamber of Commerce in 2023

Value of members’ exports and re-exports soars to over AED 284 billion

Türkiye: New Central Bank Governor holds interest rates steady at 45 percent

The decision was widely anticipated following eight consecutive months of rate hikes

Bahrain achieves record-breaking $1.7 billion in investments for 2023

Bahrain's investments to create 5,700+ job opportunities from 85 projects

Bankruptcy law, insolvency key focus at financial restructuring conference in Abu Dhabi

Experts take stock of the progress made on the restructuring front in the MENA economies so far.

Dubai’s food and beverage sector attracts $577 million in new FDI

The UAE accounted for the largest share of venture capital investments in the Middle East’s restaurant tech sector from 2018 to 2023

Saudi Arabia’s strategic reforms propel it to top spots in Kearney’s Global Retail Development Index

This positive development reflects the Kingdom's strategic shift away from oil dependence

Qatar’s CPI declines by 1.3 percent in January 2024

Insights into Qatar's inflationary pressures and consumer spending patterns

UAE’s non-oil foreign trade hits $953 billion in 2023, a new high

China remains UAE’s top trading partner, followed by India, the US, Saudi Arabia, and Türkiye.

WGS 2024: 10 key announcements from the summit in Dubai

The next World Governments Summit (WGS) will be held between 18 and 20 February 2025.

Dubai’s DIFC marks 20th anniversary with 23 percent revenue jump

DIFC has evolved into a hub for innovation-related companies.

113th Arab Economic & Social Council: UAE reiterates support for joint efforts to achieve sustainable economic development

H.E. Bin Touq highlights UAE’s keenness to strengthen Arab level cooperation in new economy sectors