economy

Global economy could slow to 2.3 percent on escalating trade tensions, says UNCTAD

Global growth's fall below the 2.5 percent threshold is often associated with a global recessionary phase

Mall of the Emirates set for AED 5 billion transformation to redefine retail and lifestyle experiences

We meet Khalifa Bin Braik, CEO of Majid Al Futtaim Asset Management, who shares the vision behind the ambitious redevelopment and what it means for the future of retail in the region

GCC banks positioned to weather economic storms from U.S. trade policies: Report

New S&P report highlights GCC banks' solid strategies in volatile markets

UAE, North Macedonia formalize economic and educational partnerships with new agreements

H.H. Sheikh Abdullah discussed with North Macedonia’s foreign minister strengthening bilateral ties 

Egypt’s economic outlook sees GDP reaching $399.8 billion in upcoming fiscal year

Al Mashat projected real growth at 4.5 percent, subject to review if tensions escalated

Saudi Arabia’s trade with Arab League nations grows 6.2 percent to $23.4 billion in Q4 2024

Saudi Arabia's trade surplus with Arab League countries significantly increased to SAR30.461 billion in Q4 2024

Oman: New digital accessibility guide to support developers, foster inclusivity

The guide emphasizes the need for institutions to design applications that meet accessibility standards

Oman, Netherlands forge hydrogen agreements to boost clean energy collaboration

Signing occurred during the "state visit" of His Majesty Sultan Haitham bin Tarik to the Netherlands

UAE President, Dubai Ruler discuss strategies to enhance UAE’s progress and advance national goals

Their Highnesses discussed national affairs and citizen wellbeing, highlighting their significance in the country’s priorities

Oil prices edge lower to $64.49 as IEA warns of slowing demand growth

U.S. West Texas Intermediate crude fell by 16 cents, also down 0.3 percent, to $61.17

Dubai gold prices up AED5.25, global rates reach new high amid trade worries

The dollar index fell 0.4 percent, making gold more attractive to foreign currency holders

UAE, Japan seek stronger cooperation in trade, investment, energy and advanced technology

The visit comes as the total trade volume between the two countries reached about $49.6 billion in 2024