Economy

Gold reserves at CBUAE surpass $6.3 billion in Q3 2024

Reserves grew month-on-month by $316.9 million

US Federal Reserve cuts interest rates by quarter point amid cooling inflation

Fed policymakers projected they will cut their benchmark rate by a quarter-point just twice in 2025

Sheikh Mohammed issues new law, decrees, expands Dubai Media Council

Two new offices, Dubai Films and Games Commission and Dubai Media Permits Office, will be set up

UAE launches unified numbers project to enhance data utilization in policy-making

The initiative provides accurate data on GDP, inflation, foreign investment, and infrastructure rankings 

Qatar National Day: UAE President sends greetings

In 2023, non-oil foreign trade between the UAE and Qatar saw an 18.3 percent growth

UAE payments revenue to reach $27.3 billion by 2028: Report

Despite global slowdowns, the UAE leads the GCC, fueled by digital transformation and financial investments 

UAE GDP to grow by 5 percent in 2025: Report

Meanwhile, consumer spending is predicted to rise by 4.3 percent, and consumer price inflation is likely to reach 2.3 percent

ADGM to launch mobile app for an all-in-one business and lifestyle experience

In collaboration with Hub71, ADIO, Aldar Properties, The Galleria, and Numou

Economy Middle East and ADGM sign MoU announcing return of Economy Middle East Summit in 2025

Building on the inaugural summit's success, this partnership aims to strengthen the UAE's role as a global economic and innovation hub

UAE ranks first globally in 223 competitiveness indicators

The UAE was among the top five countries globally in 444 indicators, compared to 406 in 2023

Economic Content Creators Programme launched in Dubai

UAE Minister of Economy leads a session at the start of the first phase of the Dubai Content Creators Programme

Exploring the impact of $6.3 billion investment: ADFD’s 33 development projects in Bahrain

Since 1974, ADFD has been crucial in advancing Bahrain's economy and social development 

UAE celebrates Bahrain National Day, highlights decades-long historical ties

Non-oil trade between the two countries reached AED15.3 billion during the first half of 2024

Saudi Arabia’s inflation rate hits 2 percent in November 2024, lowest in G20

CPI illustrates fluctuations in prices that consumers pay for a predetermined basket of goods and services, which includes 490 distinct items

How the creative economy drives growth in the Middle East

In the UAE, a global creative hub, Dubai Media City is home to a talent pool of over 40,500 creative professionals

Abu Dhabi International Arbitration Center: Advocating efficiency, confidentiality, and transparency

How tapping top-tier arbitrators and embracing cutting-edge technology positions arbitrateAD as a global leader in dispute resolution

Major achievements mark inaugural Abu Dhabi Business Week

Launch of Abu Dhabi Family Business Council and Abu Dhabi Chamber of Commerce and Industry’s 2025-2027 Roadmap among key highlights

Dubai SME: Empowering innovation and entrepreneurial success

Driving growth, shaping the entrepreneurial ecosystem

ADCCI’s new roadmap sparks positive changes in Abu Dhabi

Business expected to thrive with the capital’s focus on SMEs, family businesses, and public-private partnerships

How DEDC drives Dubai’s economic transformation

Emirate’s priority sectors, like logistics and real estate, record double-digit growth rates

UAE, India explore stronger economic ties as bilateral trade grows to $84 billion

The UAE is the seventh-largest investor in India, with an estimated investment of $18 billion in 2023

ADFW 2024: Finstreet launches first-of-its-kind international securities financial market infrastructure

With FSRA approval, Finstreet’s regulated subsidiaries are operational, accepting applications from professional investors

ECB cuts interest rates again amid euro zone economic challenges

The ECB unanimously decided to reduce the deposit rate by 25 basis points