Economy

Abu Dhabi Business Week to feature top global innovators, influential leaders from December 4 to 6

Over 150 speakers from various sectors will share their entrepreneurial stories and insights with 8,000 attendees across ten events

Saudi Arabia to introduce VAT refund system for tourists in 2025

Key tourism targets for 2025 include attracting 127 million visitors to support the goals of the National Tourism Strategy

Saudi Arabia’s expenditure on research and development surges by 17.4 percent to $6 billion

The workforce in the R&D field increased by 12.2 percent, bringing the total number of employees to 49,337

UAE’s F&B exports rise 19 percent in H1 2024, revenues to reach over $38 billion

Online sales of Abu Dhabi food and beverages are expected to reach $619 million by 2025 amid greater e-commerce adoption

ADGM’s assets under management jump 215 percent in Q3 2024

128 asset and fund managers, managing 156 funds, operate in ADGM as of the end of Q3 2024

How achieving gender equality could add $21 trillion to global GDP

Empowering women benefits business, as research shows diverse boards outperform non-diverse ones by 20 percent 

UAE-China ties: 40 years of diplomatic relations propel investments, trade to new heights

The UAE-China economic partnership continues to flourish, with over 14,500 Chinese business licenses issued in the UAE

Saudi Arabia attracts 2.5 million tourists to 80 global sporting events

Vision 2030 seeks to increase the sporting sector’s contribution to the Kingdom's GDP to $4.8 billion by 2030

UAE’s net wealth reaches $2.9 trillion in 2023, financial wealth grows 10 percent: Report

The UAE's net wealth, which includes financial wealth, real assets, and liabilities, is set to increase to $4.4 trillion by 2028

Saudi economy grows 64 percent to $1.09 trillion in nominal GDP from 2016 to 2023, says Finance Minister

Al-Jadaan projected a 4.6 percent growth rate for non-oil GDP in Saudi Arabia in 2025 

UAE consumer spending rises to $3.7 billion in Q3 2024: Report

UAE consumer spending in Q3 was driven by back-to-school sales and the growing prominence of convenience retail

Investopia announces 4th edition of annual summit, signs 15 new partnerships

The agreements included one with JC Media Group, the publisher of Economy Middle East

ADGM strengthens global ties with U.S. roadshows

ADGM participates in renowned international events in New York and Washington D.C.

Global advertising spend to surpass $1 trillion for first time this year

Advertisers are likely to spend $299 billion this holiday season, with online platforms such as Amazon set to be the biggest beneficiaries

Gold prices edge up slightly as safe-haven assets gain traction

President-elect Trump threatens new trade tariffs on China, Canada, and Mexico, sparking fears of a trade war

Global Women’s Forum Dubai 2024 highlights importance of nurturing potential of youth

Forum sees extensive engagement from local, regional and international organizations, alongside experts from diverse fields

Saudi Arabia approves FY2025 budget, forecasts $315.2 billion in revenues

The approved state general expenditures amount to SAR1.285 trillion ($342.07 billion)

Abu Dhabi Crown Prince Sheikh Khaled arrives in Bahrain

Discussions will emphasize joint efforts in key sectors, including economic, investment, and developmental fields

What to expect at ADFW 2024: Four days of action-packed sessions and events

The agenda for ADFW 2024 includes over 60 main and side events and more than 350 thematic sessions

UAE’s non-oil economy to grow 4.7 percent in 2024, says UBS

The UAE's real estate sector is expanding, with residential sales up by 60 percent and mortgage applications increasing

UAE, Philippines Presidents boost bilateral cooperation, ink agreements in key sectors

Intra-non-oil trade between the two countries totaled over $1.850 billion in 2022, up from $830.3 million in 2021

Ras Al Khaimah ranks 1st globally in Expat Essentials Index, 2nd in Working Abroad Index

Almost three in four respondents in Ras Al Khaimah find it easy to secure housing, compared to just 45 percent globally

Abu Dhabi Crown Prince to begin official visit to Bahrain on Tuesday

Non-oil trade between the two countries exceeded $7.5 billion in 2023

Abu Dhabi’s ADIO facilitates $653.4 million in public-private partnership deals in four years

World Bank data highlights that PPP investments in developing countries surpassed $83 billion in 2020, despite global economic challenges