economy

IMF projects 3.3 percent global growth in 2025, inflation to fall to 3.5 percent by 2026

Despite the stable global growth forecast, disparities among countries are widening

UAE, Russia sign double taxation avoidance draft agreement to boost economic cooperation

This agreement seeks to establish a stable and investment-friendly tax framework and eliminate tax barriers

Oil prices climb to $81.63, 0.4 percent surge driven by strong Chinese economic data

Crude oil WTI futures expiring in March rose 0.5 percent to $78.24 a barrel

Bahrain, Oman sign 25 cooperation agreements to strengthen bilateral relations

The Double Taxation Agreement aims to strengthen economic ties through improved tax collaboration

Mubadala’s KELIX bio acquires Julphar subsidiary DiabTec

DiabTec's state-of-the-art facility is built to EU/US FDA standards and is currently the only one of this kind in the GCC

Sharjah Shopping Promotions continue to boost retail sales, economic growth

Event not only helps boost retail sales across multiple sectors but also attracts more investments to Sharjah's retail sector

UAE President, Albania’s PM to strengthen bilateral ties in economy and investment

Both parties addressed the ADSW 2025 agenda, emphasizing its role in promoting global sustainability and knowledge sharing

Oil prices rise to $82.35 amid soft U.S. inflation, tightening global supply concerns

Crude oil WTI futures expiring in March rose 0.4 percent to $79.01 a barrel

Saudi Arabia’s inflation rate hits 1.9 percent in December 2024, lowest among G20 countries

CPI reflects price changes for a fixed basket of 490 goods and services

Egypt’s non-oil merchandise exports surpass $40.8 billion in 2024

The leading markets importing from Egypt include Saudi Arabia, the UAE, Türkiye, and Italy

UAE’s Comprehensive Economic Partnership Agreements: A path to enhanced global trade in 2025

UAE's CEPA initiative targets $1 trillion trade and $800 billion economy by 2031

UAE leads Egypt’s foreign trade with $9.3 billion in 2023/2024

Egypt’s foreign trade surpassed $104.7 billion in FY 2023/24

Oil prices steady at $79.95 amid key U.S. inflation data release

Crude oil WTI futures expiring in March inched up 0.1 percent to $76.45 a barrel

A pivotal year for progress

As we face the year 2025, the MENA region is poised for growth, with the non-oil economy playing a critical role

ADFW 2024: Empowering Abu Dhabi’s economy as the falcon takes flight

The third edition hosted insightful gatherings and discussions on the UAE capital's economic growth, key sectors and expansion opportunities

The global economy in 2025: Stability amid uncertainty

IMF and OECD estimate that global growth could hit 3.2 to 3.3 percent this year

Timeless allies, evolving visions: The UK-UAE partnership for a transformative future

The relations between the two countries serve as a compelling example of how strategic collaboration can drive meaningful progress in trade, technology, and sustainability

The transformative success and promising future of ADFW

The 2024 edition welcomed delegates representing highly regarded asset managers with a collective AUM of over $42.5 trillion

Redefining the media landscape: Exploring the Dubai Content Creators Program

The Dubai Press Club initiative welcomes participants from various nationalities, professional fields, and creative disciplines

Amnah Ajmal on leadership, technology, and driving change beyond finance

The Mastercard EEMEA executive shares her over two-decade journey of breaking barriers and redefining leadership

Bahrain Government Treasury Bills worth $185.8 million oversubscribed by 200 percent

The issuance date for these treasury bills is set for January 15, while they are due to mature on April 16

Central Bank of Kuwait issues $660 million bond and tawarruq with 4.125 percent yield rate

Bonds fund governments by repaying principal and interest; tawarruq converts debts into tradable securities

World’s first 24/7 solar PV, battery storage gigascale project to be built in Abu Dhabi

The project will feature a 5.2 gigawatt DC solar photovoltaic plant, coupled with a 19 gigawatt-hour battery energy storage system

eSAMA: Saudi Central Bank launches e-services portal to digitize services

The new platform allows individuals, government entities, and businesses to access services electronically