Economy

IMF lauds Central Bank of Oman for strong governance practices

IMF's report emphasizes monetary policy transparency and effective communication with stakeholders

GCC economic growth to strengthen to 3.2 percent in 2025, 4.5 percent in 2026: World Bank

The UAE's growth is projected at 4.6 percent in 2025, and 4.9 percent in 2026 and 2027

World Bank cuts global growth forecast to 2.3 percent for 2025 on increased trade tensions

Global trade is expected to grow by 1.8 percent in 2025, down from 3.4 percent in 2024

ADGM FSRA implements amendments to digital asset regulatory framework

This implementation follows extensive industry engagement and feedback on Consultation Paper No. 11 of 2024

Saudi Arabia’s real GDP grows 3.4 percent in Q1 2025, says GASTAT

Growth was driven by a 4.9 percent expansion in non-oil activities and a 3.2 percent growth in government activities

Dubai Program for Gaming 2033 propels sector’s expansion to over 350 companies

Since the program’s launch in November 2023, more than 60 new companies have established a presence in Dubai

Eid al-Adha 2025: Key challenges businesses face during the celebrations

Businesses must address workforce management challenges during Eid to maintain operations

UAE, Egypt Presidents discuss strengthening fraternal ties, cooperation across key sectors

Leaders exchanged heartfelt wishes in advance of Eid al-Adha, praying for health and happiness 

UAE and Kuwait enhance partnerships in AI, energy, transportation through strategic MoUs

Key sectors include oil and gas, social development, and infrastructure to support mutual goals 

Saudi Arabia’s non-oil private sector surges to 55.8 in May 2025 fueled by construction boom

New order volumes rebounded significantly, propelled by heightened demand and robust sales performance

UAE and Fujairah governments launch zero bureaucracy program to revolutionize government services

Partnership aims to streamline services and improve the quality of life for citizens 

RAKEZ bolsters UAE-China trade, investment ties in multi-city mission across China

Business leaders from both countries explored cooperation in energy, logistics, technology, healthcare, green energy and more

UAE, Sweden to strengthen bilateral ties through cooperation in AI and renewable energy

Ambassador Floren praised the UAE’s open policy and its success in establishing strategic partnerships globally

Kuwait, Japan elevate bilateral relations to comprehensive strategic partnership level

Both countries agreed to enhance cooperation across multiple sectors

ADFD joins UAE delegation to Lebanon focused on strategic partnerships, development

Delegation assessed potential projects and engages in knowledge exchange for Lebanon's future growth 

Dubai Chambers explores enhancing trade, investment ties with EU amid free trade talks

The roundtable highlighted the growing economic relations between Dubai and the EU

Saudi Arabia, China strengthen financial cooperation in tax policy and capital markets

Discussions aimed at strengthening bilateral ties and improving international financial institutions

Syria needs at least $1 trillion to rebuild economy, says minister

Al-Shaar said the World Bank's estimate of $400 billion for rebuilding the economy is insufficient

UAE Future 50 initiative launched to support Emirati startups in future-focused sectors

Initiative aims to highlight promising Emirati startups by providing targeted support to accelerate their growth

AI job disruption and trade tensions raise global economic uncertainty, WEF warns

WEF’s economic outlook revealed 47 percent of economists anticipate job losses due to AI transformation

Abu Dhabi’s non-oil sector activity to drive 2.5 percent GDP growth in 2025, says S&P

S&P Global Ratings said the emirate’s sovereign credit rating for both foreign and local currency is AA/Stable/A-1+

Arab Media Summit 2025: Regional media leaders highlight scope of industry’s growth amid technological revolution

Forum spotlighted the rapid advances in technology from a media perspective and the significant youth demographic in the Arab world

MENA media market to grow to $20.6 billion by 2028: Report

From 2024 to 2028, all major MENA markets will see consistent growth in gaming revenues