economy

Etihad Credit Insurance hosts workshop for selected Xport Xponential initiative companies

H.E. Raja Al Mazrouei emphasized the initiative's role in boosting UAE exports and empowering local manufacturers

Fed to hold interest rates steady as Trump calls for lowering borrowing costs

The market is pricing in the possibility that the U.S. central bank will lower borrowing costs twice by the end of this year

Abu Dhabi real estate: 125 percent surge in FDI as transactions hit $26.19 billion in 2024

The sector recorded 16,735 sales transactions valued at AED58.5 billion last year

ADGM launches all-in-one mobile app to boost connectivity across financial district

The app offers residents and visitors access to lifestyle features, cultural activities, and exclusive services

$10.7 billion travel technology market drives 25 percent growth at ATM 2025, kicking off April 28

The global travel technology market will grow at a 6.05 percent CAGR from 2025 to 2033

UAE digital VAT refund system achieves 34,900 applications, $789.5 million in refunds

In 2024, UAE nationals received 7,520 VAT refund applications for new residences, totaling $191.8 million

RAKEZ welcomes over 13,000 new companies in 2024, marking impressive 66 percent growth

With this achievement, RAKEZ is now home to nearly 30,000 multinational companies

Oil prices decline 1.2 percent to $77.59 as Trump’s policies, China’s weak data impact market

Oil markets faced pressure from weak PMI data from China, indicating ongoing struggles in business activity

UAE concludes participation in 2025 World Economic Forum: Highlights and impact

The UAE and WEF signed an MoU to establish the Global Regulatory Innovation Platform

Saudi Arabia to host regular global WEF meetings starting Spring 2026

Last year, the WEF special meeting in Saudi Arabia focused on global collaboration, growth and energy

Etihad Rail: UAE high-speed train project set to boost GDP by $39.5 billion

The project will enable quick travel and acts as a catalyst for enhanced economic and social integration

WEF 2025: $7.1 billion committed to climate and health, yet most affected countries face challenges

Less than 35 percent of financing from bilateral donors is directed towards these nations