Economy

UAE-Croatia bilateral trade surges to $78.9 million in H1 2024, up 44.8 percent

UAE non-oil trade with Croatia reaches $110.7 million in 2023

Indian businesses top the list of newcomers joining Dubai Chamber of Commerce in 9M 2024

Pakistan ranked second on the list with 6,061 new companies joining the chamber in the first nine months of 2024

BRICS expansion: Nine new partner countries set to join in January 2025

Belarus, Bolivia, Indonesia, Kazakhstan, Cuba, Malaysia, Thailand, Uganda, and Uzbekistan will join BRICS as partner countries

Sharjah approves $11.4 billion budget for 2025, largest in emirate’s history

The budget empowers agencies to fund initiatives, provide housing for citizens, and upgrade tourism infrastructure

CBUAE forecasts real GDP growth: 4 percent in 2024, rising to 5.5 percent by 2026

Non-oil GDP growth is projected to remain robust at 4.9 percent in 2024 and 5.0 percent in 2025

Japan GDP: Growth trends and economic forecasts for 2025

Approximately 70 percent of Japan’s GDP is derived from the services sector

Kuwait, India agree on upgrading ties to strategic partnership

The two sides highlighted trade's crucial role in connecting their countries and its potential for further growth and diversification

ADBW 2024: ADDED, Ma’an sign MoU to empower social enterprises in Abu Dhabi

Ma’an will connect social enterprises with a network of social investors and innovators for collaboration and growth

What to expect at Davos 2025: Over 300 sessions to tackle the world’s most pressing matters

Davos 2025's program will be oriented around five distinct but highly interconnected thematic priorities

Emirati women: Key achievements and milestones in 2024

The UAE ranked 7th globally and remained the top nation in the region in the UN Gender Equality Index 2024

Investopia Tokyo explores investment and financing opportunities in Japanese markets in fintech, new economy

Bin Touq: ‘Investopia Tokyo’ creates promising economic and investment opportunities for the UAE and Japanese business communities

GCC region’s GDP to grow 3.7 percent in 2024, 4.5 percent in 2025: Report

The region's non-oil sector is expected to grow 4.5 percent in 2024, 7.8 percent in 2025 and 8.6 percent in 2026

ADFW 2024: ADGM Academy hosts inaugural Future of Talent Summit signs strategic MoUs

ADGM Academy hosted the Future of Talent Summit, a key event at ADFW, which explores the transformation of human capital in financial technology

Sheikh Hamdan names 11 influential Arab figures to lead Young Arab Leaders initiative

Initiative aims to attract 50,000 participants and develop and implement several future projects

ADGM FSRA signs MoU with UAE Ministry of Interior to combat financial crimes

Agreement aims to facilitate the exchange of information and strengthen risk mitigation frameworks

Fitch upgrades Oman’s outlook to positive, affirms BB+ credit rating amid fiscal improvements

Oman’s budget is expected to have a 2 percent GDP surplus in 2024, dropping to 0.7 percent in 2025

DP World launches Middle East’s first $100 million blue bond to fund sustainable marine transport

Eligible initiatives include reducing maritime pollution, sustainable ports, and water quality

Bank of England maintains 4.75 percent interest rate, hints at future gradual cuts

The Bank indicated that the economy underperformed, reporting no growth from October to December

Abu Dhabi Investment Authority joins elite club with $1 trillion in assets, ranks 4th globally

Sovereign wealth funds from Kuwait, Saudi Arabia and Qatar also rank among the top 10

Global M&A deal value poised to hit $3.5 trillion in 2024: Report

This marks a 15 percent increase from the previous year and aligning with levels seen in the mid-2010s

Emir of Qatar approves 2025 budget with $57 billion in total expenditure

Allotment for the healthcare and education sectors constitute QAR 41.4 billion ($11.23 billion), representing 20 percent of the total budget

Saudi Arabia excels at navigating labor market challenges, new report finds

The Kingdom is committed to workforce development under Vision 2030, emphasizing diversification, job creation, and competitiveness

ADFW 2024: Firms with $635 billion in AUM sign 19 deals

This builds on the $450 billion in commitments during last year’s ADFW

Dubai DET, IHG Hotels & Resorts partner for joint marketing and training initiatives

Both organizations will develop tourism products highlighting Dubai's unique attractions, like cultural tours and seasonal packages