Economy

Dubai’s food and beverage sector attracts $577 million in new FDI

The UAE accounted for the largest share of venture capital investments in the Middle East’s restaurant tech sector from 2018 to 2023

Saudi Arabia’s strategic reforms propel it to top spots in Kearney’s Global Retail Development Index

This positive development reflects the Kingdom's strategic shift away from oil dependence

Qatar’s CPI declines by 1.3 percent in January 2024

Insights into Qatar's inflationary pressures and consumer spending patterns

UAE’s non-oil foreign trade hits $953 billion in 2023, a new high

China remains UAE’s top trading partner, followed by India, the US, Saudi Arabia, and Türkiye.

WGS 2024: 10 key announcements from the summit in Dubai

The next World Governments Summit (WGS) will be held between 18 and 20 February 2025.

Dubai’s DIFC marks 20th anniversary with 23 percent revenue jump

DIFC has evolved into a hub for innovation-related companies.

113th Arab Economic & Social Council: UAE reiterates support for joint efforts to achieve sustainable economic development

H.E. Bin Touq highlights UAE’s keenness to strengthen Arab level cooperation in new economy sectors

WGS 2024: UAE finance ministry signs agreements with World Bank Group, Arab economies

Finance ministry also organises session on sustainable finance for climate action.

WGS 2024: Dubai’s Bharat Mart to become distribution, re-export hub for Indian businesses

Located in Jafza, Bharat Mart is set to open in 2026 and will house 1,500 showrooms.

Oil and beyond: The Middle East economies’ path to new horizons

Region expected to grow by less than 3 percent in 2024

Investopia 2024: Investing in the “new economy” growth sectors

Premier investment summit returns bigger for year 3

WGS 2024: GCC has potential to add $2.5 trillion dollars to GDP, report says

Research also suggests region can accelerate GDP growth from 3.8% to 5.4% over the next decade.

WGS 2024: New report warns of $30 trillion risk from national disasters

Report calls on governments to build resilience to tackle natural and manmade disasters – from floods to terrorist acts.

WGS 2024: Türkiye President urges world to unite amid crises

Uncertainties have dragged the global economy and energy sector into turmoil, Erdogan says.

WGS 2024: Transition to clean energy should not conflict with relying on oil, says Haitham Al Ghais

Dispensing oil for other energy sources is unrealistic, says OPEC secretary general.

WGS 2024: Maktoum bin Mohammed officially launches Buna Payment System

As many as 108 Arab banks have already completed linking with the platform.

WGS 2024: Mohammed bin Rashid meets Prime Minister of Qatar

Leaders highlight summit’s role in boosting regional and global cooperation at World Governments Summit.

WGS 2024: WEF’s Georgieva sees MENA GDP growth reaching 2.9% in 2024

Georgieva highlights the role of the Arab World in shaping future economies

Public expenditure in Arab countries sees 9.8 percent surge in 2022

AMF's Joint Arab Economic Report highlights key trends and challenges