Economy

China slashes interest rates, injects $138 billion liquidity to counter U.S. trade tensions

U.S. and Chinese officials prepare for crucial talks in Switzerland to ease trade tensions 

Trump’s tariffs propel U.S. trade deficit to record high $140.5 billion in March

Imports rose 4.4 percent to an all-time high of $419.0 billion in March

UK and India sign major trade deal to boost bilateral trade by $34 billion

Deal will increase UK's GDP by $6.43 billion and wages by $2.94 billion each year

UAE corporate tax: FTA clarifies tax exemptions for investors in REITs as a qualified fund

The FTA aims to clarify the income that will be taxed in the hands of juridical persons that are investors in a REIT

Alpha Dhabi Holding reports $1.2 billion adjusted EBITDA, $4.7 billion revenue growth of 23 percent

Company’s diverse portfolio has been crucial for driving revenue growth and enhancing profitability

Dubai Chamber of Commerce members’ exports, re-exports hit $23.41 billion in Q1 2025

The chamber revealed that 18,160 new companies joined during the three-month period

DMCC launches new SPV and holding licenses to boost business flexibility in Dubai

New licenses eliminate physical office lease requirements, providing cost-effective solutions for modern businesses 

Dubai’s Jafza celebrates 40 years and $30 billion in investment as key trade hub in emirate

Sheikh Hamdan emphasizes Jafza's importance in Dubai’s developmental journey as a trade hub

Oman, Algeria to establish $300 million joint investment fund

The Oman Investment Authority and Algeria’s Ministry of Finance signed an MoU to establish the fund

Fed to refrain from cutting interest rates as economic growth slows, tariffs dampen outlook

The Fed has held its policy rate in the 4.25-4.50 percent range since December

Saudi Arabia launches 6 major initiatives at GOSH7 to improve workplace standards

Al-Rajhi reaffirmed Saudi Arabia's commitment to protecting people and ensuring safe work environments according to the highest standards

UAE and Croatia explore opportunities in new economy, tourism and advanced technology

Focus on creating a flexible business environment to boost investment and dialogue between both nations 

Abu Dhabi and Japan eye stronger ties in clean energy, hydrogen and AI as free trade deal talks progress

Abu Dhabi to deepen cooperation in clean energy, hydrogen, AI, life sciences and next-generation technologies 

Dubai ranks first globally in attracting cultural, creative greenfield FDI projects in 2024

Dubai's creative sector has held this position for 3 consecutive years, attracting AED 18.86 billion in FDI capital inflows in 2024

U.S. wants a fair trade deal with China, says Trump

When asked if any trade deals would be announced this week, Trump said that there could "very well be"

Job creation in UAE’s non-oil sector rises to highest level in 11 months, says PMI

The UAE's PMI remained steady at 54 in April, indicating a solid strengthening of operating conditions

Saudi Arabia non-oil sector employment climbs, reflecting continued growth momentum

Saudi Arabia's economy grew 2.7 percent in Q1, driven by non-oil sector activities and diversification

Warren Buffett to step down as CEO of Berkshire Hathaway – Who will lead next?

Buffett’s announcement was met with applause from 40,000 shareholders during the annual meeting 

Dubai World Trade Centre’s top May events: Focus on crypto, tech and e-commerce

Discover key events in interior design, travel, media, and e-commerce this May

Abu Dhabi’s economy to grow 4.2 percent in 2025, 5.8 percent in 2026: IMF

Dubai's economy is projected to expand by 3.3 percent in 2025, increasing to 3.5 percent in 2026

Dubai’s peak day-time population hits 5.13 million in 2024,  to reach 8 million by 2040

By 2040, the city’s peak daytime population is expected to reach eight million

New Russia-North Korea bridge to boost trade and tourism, enhance economic ties

Finalized during Putin's 2024 visit, the bridge project aims to boost cross-border movement