economy

Kuwait, India agree on upgrading ties to strategic partnership

The two sides highlighted trade's crucial role in connecting their countries and its potential for further growth and diversification

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

How fintech is redefining traditional banking services and shaping the future

The role of digital wallets and banks in expanding access to financial services

What to expect at Davos 2025: Over 300 sessions to tackle the world’s most pressing matters

Davos 2025's program will be oriented around five distinct but highly interconnected thematic priorities

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

GCC region’s GDP to grow 3.7 percent in 2024, 4.5 percent in 2025: Report

The region's non-oil sector is expected to grow 4.5 percent in 2024, 7.8 percent in 2025 and 8.6 percent in 2026

ADFW 2024: ADGM Academy hosts inaugural Future of Talent Summit signs strategic MoUs

ADGM Academy hosted the Future of Talent Summit, a key event at ADFW, which explores the transformation of human capital in financial technology

Oil prices rise 0.4 percent amid U.S. shutdown relief, positive inflation trends

Brent crude futures for February rose by 0.4 percent to $73.20 a barrel

450,000 businesses registered for corporate tax: UAE’s FTA

FTA director general stressed partner collaboration's importance for the authority's goals and the national economy

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

Global M&A deal value poised to hit $3.5 trillion in 2024: Report

This marks a 15 percent increase from the previous year and aligning with levels seen in the mid-2010s

Dubai: Hatta Winter initiative features 30 unique entrepreneurial projects

Pioneering businesses are receiving support to explore growth opportunities and boost their visibility

Saudi Arabia excels at navigating labor market challenges, new report finds

The Kingdom is committed to workforce development under Vision 2030, emphasizing diversification, job creation, and competitiveness

AD Ports appoints Egyptian contractor to build infrastructure for Noatum Ports – Safaga Terminal

The terminal will handle 450,000 TEUs, 5 million tons of dry bulk, and 1 million tons of liquid bulk

OPEC Fund signs first loan agreement with Montenegro for $52 million to enhance climate initiatives

The loan is aimed at enhancing fiscal sustainability and facilitating the green transition in the southeastern European nation

Dubai DET, IHG Hotels & Resorts partner for joint marketing and training initiatives

Both organizations will develop tourism products highlighting Dubai's unique attractions, like cultural tours and seasonal packages

Gold reserves at CBUAE surpass $6.3 billion in Q3 2024

Reserves grew month-on-month by $316.9 million

Crude oil prices fall 0.6 percent following Fed’s 0.25 basis point rate cut

Brent oil futures for February delivery decreased by 0.5 percent to $73.02 per barrel

Abu Dhabi, United States strengthen trade ties under new agreement

Partnership marks a significant milestone in facilitating the import and export of raw materials, services and technology

Emirates NBD launches $500 million sustainability bond on Nasdaq Dubai

The bond is the world’s first SLLB issued under the new ICMA/LMA framework