Economy

Egypt’s economy forecast to grow by 4.2 percent in 2025 on increased investment, exports, and consumer spending

The pound devaluation and foreign investments alleviated the country’s currency crisis

Türkiye’s soaring 75.45 percent inflation rate reaches peak in May, Central Bank expects slowdown

Inflation would start to decelerate in June after reaching its maximum in May, Central Bank governor said

UAE’s non-oil sector to expand 3.2 percent in 2024: World Bank

UAE's GDP real growth is projected to accelerate to 3.9 percent in 2024

Türkiye’s robust domestic demand drives 5.7 percent Q1 2024 growth

The country is heading towards more balanced and sustainable growth this year, says Finance Minister

UAE, China ink 19 agreements in key sectors to boost investments, collaboration

UAE's non-oil trade with China reached a staggering $81 billion in 2023

ADGM publishes consultation paper on revamp of property regulations

The consultation paper is open for feedback until June 19, 2024

UAE: Petrol, diesel prices for June 2024 announced

Petrol prices have reduced for the first time in June after rising month-on-month since February

UAE’s GDP reaches $457.38 billion in 2023, 3.6 percent growth from previous year: Minister

The non-oil GDP stood at $340.3 billion, up 6.2 percent compared to 2022

UAE, Qatar sign double taxation avoidance agreement

The UAE has signed 146 double taxation avoidance agreements to date

GCC economic growth to rebound to 2.8 percent in 2024, 4.7 percent in 2025: World Bank

Oil production remains crucial in shaping the GCC region's fiscal and external balances

Etihad Credit Insurance’s ‘Xport Xponential’ initiative to boost UAE exports

Xport Xponential offers beneficiaries comprehensive credit facilities, innovative financial solutions

Middle East is fastest growing real-time payments market, transactions to reach 3 billion by 2028: Report

Bahrain tops region with real-time payments making up nearly 50 percent of the total payment volume

Oman’s e-commerce market value reaches $2.2 billion in 2023

Oman's e-commerce market is expected to grow to $3.327 billion by 2027

Global economy to strengthen this year, but growth uneven: World Economic Forum report

Over two-thirds of chief economists predict a sustained rebound of global economic growth

PureHealth contributes $272.2 million to support National ICV program

National ICV Program witnessed remarkable growth, redirecting AED67 billion into the national economy in 2023

Sheikh Ahmed attends opening of 22nd Arab Media Forum in Dubai

The forum was held on Day 2 the Arab Media Summit 2024

DMCC, Korea’s SBA ink agreement to boost bilateral innovation, trade and entrepreneurship

DMCC has intensified its outreach to South Korea, hosting three roadshows in different cities

Make it in the Emirates Forum: EDB commits $1.36 billion to propel UAE’s manufacturing sector

EDB’s targeted financing includes AED1 billion allocated for co-lending with commercial banks

Make it in the Emirates Forum: $111.6 million land capacity expansion at Dubai Industrial City

Land occupancy at Dubai Industrial City grew by 12 percent to reach 97 percent in Q1 this year

AD Ports’ consortium signs deal to develop green methanol facility in Egypt

Global demand for green methanol is expected to increase to four million tonnes per year in the next five years

Saudi Arabia’s non-oil sector projected to grow 4.8 percent in 2024, 5.2 percent in 2025: Report

The Kingdom's GDP is expected to expand by 2.3 percent in 2024 and accelerate to 5.8 percent in 2025, the report said

Make it in the Emirates forum: MoIAT, EDB to launch $100 million AI financing support

The program aims to create opportunities for local and global technology developers and startups

Make it in the Emirates forum: $6.26 billion boost for local manufacturing

There will be investments worth AED20 billion in new industrial projects, Dr Al Jaber says

Oman’s inflation rate rises to 0.4 percent in April 2024

Oman's North Al Sharqiyah Governorate recorded the largest increase of 1.4 percent