Economy

Ras Al Khaimah’s GDP to hit 4.3 percent in 2027-2028 on strong tourism, real estate: S&P

The emirate's economic growth will weaken modestly to average 3.3 percent in 2025-2026

UAE President, Lebanese PM discuss bilateral relations, explore new avenues for cooperation

The meeting at Qasr Al Bahr addresses regional stability and security for the benefit of both nations

UAE Ministry of Higher Education establishes Youth Council to shape future leaders in science, academia

Youth Council aims to support the development of qualified national leaders in the higher education and scientific research sector

Arab Media Summit 2025 spotlights role of youth in shaping media landscape

The first day of the summit saw UAEU and the Dubai Media Council partner to develop training programs and knowledge-driven projects

UAE launches degree verification service to boost private sector hiring, labor market efficiency

The initiative facilitates the delivery of fast, reliable government services that meet evolving labor market needs

Sheikh Hamdan, Sultan of Oman discuss strengthening cooperation in key sectors

Sheikh Hamdan attended the signing of an agreement to develop and operate the first phase of the Al Rawdah Special Economic Zone in the Wilayat of Mahadha

Egypt reports record primary surplus of GDP at 3.1 percent from July to April 2025

The debt-to-GDP ratio has declined, showing commitment to maintaining this positive financial trend 

UAE, Paraguay Presidents explore ways to strengthen economic and trade ties

Sheikh Mohamed emphasized the UAE’s ongoing efforts to further diversify its economic and development partnerships

UAE, Azerbaijan central banks sign MoU to strengthen financial cooperation and exchange expertise

Both parties aim to deepen technical cooperation through training, research, and knowledge exchange 

UAE and Oman deepen strategic ties as Dubai Crown Prince leads landmark visit

Discussions will explore avenues for strategic partnerships and cooperation across various sectors

Saudi Arabia’s digital economy contribution to GDP soars to 15.6 percent in 2023

Imports of ICT goods soared to SAR54.9 billion, marking a 19.9 percent increase in 2023

Trump proposes 50 percent tariffs on EU as Apple risks 25 percent unless manufacturing moves to U.S. 

Trade discussions between Trump’s administration and the EU have been described as going nowhere

UAE-France Strategic Dialogue’s 17th session facilitates cooperation in six priority fields

Both sides commended the announcement to launch negotiations toward a CEPA between the UAE and the EU

GCC retail sector to reach over $390 billion by 2028 amid digital transformation

Saudi Arabia and the UAE continue to lead the region, representing over 75 percent of all retail sales today

Dubai Chambers reports surge in service excellence program participation

The Service Excellence Program forms part of Dubai Chambers’ broader vision to elevate service standards

UAE seeks stronger trade, investment ties at 15th BRICS Trade Ministers Meeting in Brazil

Meeting concluded with the endorsement of several key documents aimed at deepening economic cooperation

ADNOC’s ICV Program generates 17,000 job opportunities for Emiratis

ADNOC is targeting the procurement of locally manufacturable products worth up to AED90 billion by 2030

Egypt’s central bank cuts interest rates as growth accelerates, inflation slows

The MPC has adjusted the overnight deposit rate to 24 percent and lending rate to 25 percent 

ADNOC L&S contributes $272 million to UAE economy through in-country value in 2024, says CEO

ADNOC L&S has commissioned the construction of 31 vessels within the country, a move that has created over 300 jobs

Saudi Arabia and Spain partner to boost joint projects, economic collaboration

Key areas of cooperation include economic modeling, support for SMEs, and joint project facilitation

Qatar launches $1 billion incentives program to drive gloval investment, innovation

The program offers financial support covering up to 40 percent of eligible local investment expenses over five years

Dubai-Hamburg innovation corridor launched to drive R&D, scale ups and foresight

Agreement lays the groundwork for knowledge exchange between key R&D institutions

Dubai SME to support launch of 8,000 new Emirati businesses by 2033

Establishment aims to raise the total number of supported enterprises to 27,000, up from 19,000 at the end of 2024

Portfolio resilience vital as investors face heightened uncertainty, changing asset class returns: J.P. Morgan

Investors must adapt to policy uncertainty and consider alternative reserves for long-term stability