Economics

Sharjah approves $11.4 billion budget for 2025, largest in emirate’s history

The budget empowers agencies to fund initiatives, provide housing for citizens, and upgrade tourism infrastructure

CBUAE forecasts real GDP growth: 4 percent in 2024, rising to 5.5 percent by 2026

Non-oil GDP growth is projected to remain robust at 4.9 percent in 2024 and 5.0 percent in 2025

Crude oil prices edge up 0.4 percent amid supply concerns and demand focus

Brent oil futures for February rose by 0.4 percent to $72.91 a barrel

Japan GDP: Growth trends and economic forecasts for 2025

Approximately 70 percent of Japan’s GDP is derived from the services sector

ADBW 2024: ADDED, Ma’an sign MoU to empower social enterprises in Abu Dhabi

Ma’an will connect social enterprises with a network of social investors and innovators for collaboration and growth

Emirati women: Key achievements and milestones in 2024

The UAE ranked 7th globally and remained the top nation in the region in the UN Gender Equality Index 2024

Investopia Tokyo explores investment and financing opportunities in Japanese markets in fintech, new economy

Bin Touq: ‘Investopia Tokyo’ creates promising economic and investment opportunities for the UAE and Japanese business communities

Fitch upgrades Oman’s outlook to positive, affirms BB+ credit rating amid fiscal improvements

Oman’s budget is expected to have a 2 percent GDP surplus in 2024, dropping to 0.7 percent in 2025

DP World launches Middle East’s first $100 million blue bond to fund sustainable marine transport

Eligible initiatives include reducing maritime pollution, sustainable ports, and water quality

Bank of England maintains 4.75 percent interest rate, hints at future gradual cuts

The Bank indicated that the economy underperformed, reporting no growth from October to December

Crude oil prices face weekly decline of over 2 percent amid Fed’s demand concerns

Brent oil futures set to expire in February slipped 0.5 percent to $72.49 a barrel

Gold reserves at CBUAE surpass $6.3 billion in Q3 2024

Reserves grew month-on-month by $316.9 million