Economics

UAE President engages with world leaders on trade and development at BRICS Summit

The summit, which runs until October 24, is themed 'Strengthening Multilateralism for Equitable Global Development and Security,’

Oil prices rise amid Middle East tensions and U.S. election uncertainty, recovering previous losses

Brent crude futures increased by 95 cents, or 1.27 percent, reaching $75.91

UAE, Rajasthan sign investment agreement to pursue 60 GW renewable energy project in India

Both nations have set ambitious clean energy targets in recent years

UAE maintains leadership in global labor market competitiveness indicators

The country secured the top position globally in four key indicators from the Institute for Management Development World Competitiveness Yearbook 2024

UAE’s real GDP expected to expand by 5.1 percent in 2025, according to IMF

Globally, growth is expected to remain stable but lackluster, with projections of 3.2 percent for both 2024 and 2025 

Oil prices decline amid rising U.S. inventories, ongoing Middle East tensions

Brent crude futures for December fell 0.4 percent, settling at $75.75 per barre

Finance House to invest $81.67 million in Abu Dhabi capital market

This collaboration seeks to enhance market liquidity and financial stability, aligning with the ADX’s vision 

Sharjah Chamber hosts Japanese delegation, discusses enhancing economic cooperation

The Chamber seeks to boost knowledge exchange and collaboration between investors from both nations

Oil prices slide amid Middle East tensions, Chinese demand concerns

Brent crude futures for December delivery fell by 19 cents, or 0.3 percent, settling at $74.10 a barrel

Sharjah Islamic Bank profit before tax up 29 percent to $270.1 million for nine months ending September

The bank is diversifying its financing portfolio, with total customer financing at AED36.6 billion

UAE’s PMO formalizes agreements to enhance strategic intelligence for We the UAE 2031

New platform to leverage AI and insights from 2,500 experts and 450 data sources to create government strategies