economy

WGS 2025: IMF projects 3.3 percent global growth for 2025; MENA expected to rebound to 3.6 percent

Middle East recovery is expected to be fueled by an uptick in oil production and a reduction in regional conflicts

Abu Dhabi sees 16 percent growth in new economic licenses during 2024

Growth is boosted by emirate's business-friendly ecosystem and high standards of transparency, governance

UAE President, Bahrain King reaffirm commitment to cooperation and development

Non-oil trade between the UAE and Bahrain hit $4.16 billion, a 26 percent surge

WGS 2025: Day Zero kicks off in Dubai with key forums

Forums include the Arab Fiscal Forum, the Arab Meeting for Young Leaders and the Young Arab Leaders Forum

UAE Ministry of Finance unveils cabinet decision to introduce top-up tax for multinational enterprises

The UAE DMTT is closely aligned with the GloBE Model Rules issued by the Organisation for Economic Co-operation and Development (OECD)

UAE gold prices up AED2.75 as global rates near records amid Trump tariffs threats

Trump announced 25 percent tariffs on all steel and aluminum imports, escalating trade policy amidst existing metal duties

Oil prices rise 0.5 percent to $75.06 despite new Trump tariffs; China inflation disappoints

Crude oil WTI futures for March delivery increased by 0.6 percent to $71.13 per barrel

WGS 2025: Dubai to host first edition of Young Arab Leaders Forum

Forum will bring together over 200 emerging leaders from across the Arab world on February 10

IMF considers new funding for Egypt amid rising costs

Cairo currently benefits from an $8 billion IMF financing agreement expanded in 2022 for economic support

DIFC launches Dubai Financial Experts Program to develop next generation of national leaders in financial services

The initiative aims to boost Emirati knowledge, skills, and leadership in financial services

Central Bank of Oman launches 73rd issue of Government Development Bonds sized at $259.7 million

New offering has a maturity period of five years and a coupon rate of 4.60 percent per annum