economy

UAE’s FTA corporate tax awareness initiatives attract over 15,700 participants, rising 8.7 percent in 2024

In 2024, 96 percent of FTA attendees expressed satisfaction with the informative nature of awareness events

Trump’s tariff policies explained: EU next in line following Canada, Mexico and China

When asked about the UK, the US president said that trade issues with the UK could be worked out

Sustainability in UAE mega projects boosts bonds and sukuk issuances

UAE's issuance growth will stem from $35 billion Al Maktoum Airport and $8.2 billion drainage projects.

Kuwait projects $58.9 billion revenue in draft budget for 2025-26

Non-oil revenues are expected to increase by 9 percent to $9.4 billion, says finance minister

Oil prices rise 0.6 percent to $76.13 amid potential disruptions from Trump’s tariffs

The focus on oil prices increase highlights concerns over potential supply disruptions from Canada and Mexico

Dubai Chamber of Digital Economy supports 1210 startups in 2024, trains 1333 Emiratis in app development

21 events were held this year to support startups, nurture talent, and strengthen partnerships

UAE-Kuwait week to boost bilateral relations amid $86.3 billion trade growth

The event will be hosted at Jumeirah Emirates Towers in Dubai on February 3 to 4

Egypt and Iraq sign 12 MoUs to boost trade, investment

Agreements ecompass land transport for passengers and goods, promoting competition and addressing monopolistic practices

Dubai’s Mashreq Bank reports 4 percent increase in net profit to $2.45 billion in 2024

The bank's net profit before tax reached $2.7 billion, marking a 12 percent rise

Oil prices rise 0.4 percent to $77.21, head for weekly losses with focus on Trump tariffs and PCE data

Attention focused on key U.S. PCE inflation data later today for clues on interest rates

Markets surge after ECB cuts interest rates for fifth time to 2.75 percent

Eurozone stagnation due to industrial recession leads ECB to continue its easing trajectory