Economy

Davos: Good news awaits global growth in 2024

World economists expect global recession in 2023

Ooops: Companies fear they might go under in 10 years’ time

PwC survey points at fragile business landscape

Sheikh Mohammed bin Rashid meets the President of South Korea

Meeting explores enhancing strategic cooperation between the two countries

Saudi FDI could exceed UAE’s for first time since 2012: Report

FDI into the UAE and Saudi continued to set records

Kuwait on cusp of major economic upsurge

Infrastructural development, digital banking, among key drivers

UAE decides to invest USD30 bn in South Korea

Deals unveiled in hydrogen, water resources, and transport

Davos 2023: Trade, climate and energy security on the agenda

In the presence of UAE, Gulf and Middle East officials

61% probability of US recession in next 12 months: Report

Housing will be the most difficult sector to control inflation

Dubai Police introduces the first all-female SWAT squad

Female officers conquering specializations once dominated by men

US inflation slows amid anticipation of Fed meeting

The gasoline index was biggest factor to commodity prices decline

Majority of UAE small businesses optimistic about growth in 2023

Nearly half of small businesses intend to grow substantially

Egypt orders ministries to cut spending

Due to a foreign currency shortage

IMF does not see inflation in Egypt waning before 2024

Inflation rates jumped to 24.4% at end December

Consumer spending power in UAE, Saudi remains strong

Despite concerns about the macro-economic environment

Saudi allows some companies to operate without local HQ

Operations of foreign companies should not exceed SAR 1 million

Kuwait’s economy likely to bank USD23 bn surplus in current FY

Estimated to have grown nearly 8 percent in 2022

Mohammed bin Rashid launches Dubai Economic Agenda ‘D33’

with total economic targets of AED 32 trillion over the next 10 years

UAE lays foundations for innovation-driven future

This year also witnessed a major shift in UAE work practices

$200 billion poorer, Musk still second richest

Tesla lost about half of its market value over the past year