Economy

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

Saudi Arabia’s liquidity rises 8.3 percent to $753 billion in March

Surge in demand deposits fuels Saudi Arabia's money supply growth

BoE maintains rates at 5.25 percent but hints at summer cut

The cost of borrowing will continue to be at a 16-year high

$35 billion Al Maktoum airport expansion, commercial transport strategy to propel Dubai’s growth: Sheikh Hamdan

Commercial Transport Strategy 2030 aims to double sector's contribution to Dubai's economy to AED16.8 billion

UAE introduces new framework to boost public-private partnership projects

The law seeks to promote private sector investment and involvement in federal government-led infrastructure projects

ATM 2024: DET, Emirates ink agreement to boost Dubai’s position as leading business destination

DET and Emirates will collaborate on a series of events to strengthen relationships with the international business community

Seamless Middle East 2024: Transforming digital commerce across the region

25,000 attendees, 750 exhibitors and 500 speakers to explore transformative technologies in the evolving commerce landscape

Nearly 30,500 new employees join Saudi Arabia’s private sector in April

As many as 2.36 million citizens were working in the Kingdom's private sector in April

UAE and New Zealand begin economic partnership negotiations to boost trade, investment

In 2023 alone, the total trade volume between the UAE and New Zealand reached an impressive $764.5 million

Saudi Arabia’s non-oil sector starts Q2 2024 with strong growth, says PMI

To meet rising demand, purchasing activity in Saudi Arabia's non-oil sector saw a sharp increase in April