economy

FDI flows to developing economies fall to lowest level since 2005, says World Bank

In 2023, developing economies received just $435 billion in FDI, while high-income economies received $336 billion

Emirati SMEs secure AED1.29 billion in Dubai government contracts through supplier program

The Dubai Government continues to empower entrepreneurs by creating a supportive environment and implementing legislative frameworks to leverage growth

GCC economies set to grow 4.4 percent in 2025 despite mounting global trade tensions, says ICAEW

Non-oil sectors in the GCC are forecast to grow 4.1 percent this year, supported by strong domestic demand

Saudi delegation signs key aviation deals at 2025 Paris Air Show

The kingdom provides opportunities for global aviation investors, with the Saudi Aviation Strategy unlocking $100 billion in infrastructure projects

UAE President, Dubai Ruler meet to discuss continued economic growth, national progress

The Highnesses highlighted positive indicators of the UAE economy supporting the country’s prosperity

Crude oil prices climb above $73.6 amid Fed anticipation, Middle East uncertainty

Oil was pressured by mixed economic readings from China, signaling inconsistent growth in its economy

Dubai 24-carat gold price today remains above AED406 as Fed meeting looms, Middle East tensions rise

The Fed is projected to maintain rates, but focus will be on Chair Powell's future cuts outlook

Abu Dhabi startup ecosystem ranks 3rd in MENA for performance, generates $4.4 billion in value

Abu Dhabi posted an impressive leap into the top emerging global startup ecosystems, ranking in the #51-60 tier

UAE offers relief to small firms with new GPSSA pension compliance initiative

The targeted waiver is part of GPSSA’s broader efforts to support the UAE’s economic diversification and empower small businesses

DoH – Abu Dhabi launches strategic U.S. tour to expand healthcare collaboration

The delegation will visit key innovation hubs in Boston, Washington, D.C., and Philadelphia, coinciding with Abu Dhabi’s participation in the BIO International Convention 2025

Saudi Arabia’s annual inflation rate holds steady at 2.2 percent in May 2025

Saudi Arabia ranks among the lowest inflation rates in G20 countries

UAE strengthens position as global leader in Islamic finance and halal industry

The UAE aims to increase halal exports to AED 315 billion by 2031 under the new national plan