Outlook 2016: Global Growth Edges Up
Economists at Goldman Sachs have released what they believe will be the 10 biggest of 2016. Here they are:
1. Global growth, more stable than...
IMF Managing Director Christine Lagarde Discusses Economic Challenges with GCC Countries
Ms. Christine Lagarde, Managing Director of the International Monetary Fund (IMF), issued the following statement today at the conclusion of a meeting in Qatar...
Dubai’s economic activity growth slowest in five years in October
Business activity in Dubai expanded at the slowest pace since February 2010, according to the latest Dubai Economy Tracker from Emirates NBD.
The output index...
UAE Consumer Confidence Index Decreased for 2nd Consecutive Quarter
United Arab Emirates (UAE) consumer confidence decreased one point to a score of 107 from the second quarter—the second consecutive quarter of declines and...
US Monetary Policy Normalization Woud Have Neutral Impact on GCC, IMF
How U.S. Monetary Policy Normalization Would Affect the Middle East
In its most recent regional economic outlook report, the International Monetary Fund states that GCC...
UAE and Saudi Arabia continue to witness stable economic activity
The latest Crédit Agricole Private Banking research report, ‘Macro Comment – MENA Update’, observed that the UAE and Saudi Arabia continue to witness stable...
Global Economic Weekly: Weak Business and Consumer Sentiment
Weak trade data suggest China is in the midst of a slowdown in domestic demand, but do not point to a "hard landing" scenario....
‘New Normal’ Productivity Spells Uncertainty for Global Economy
The Global Competitiveness Report 2015-2016 finds countries need higher productivity to address sluggish global growth and persistent high unemployment
Failure to boost competitiveness is compromising...
UAE GDP to grow more than 3.5 percent in 2015
Sultan bin Saeed Al Mansouri, Minister of Economy, said the Gross Domestic Product (GDP) of the UAE is predicted to grow more than 3.5...
Dubai Inflation up 0.82% in August
The monthly consumer price index in Dubai rose another 0.82 per cent in August compared to July, according to a report released by the...
US Central Bank should delay rate increase until 2016 as global...
The International Monetary Fund said that it plans to downgrade its global growth outlook for the year, despite it is already at its slowest...
Business confidence falls in Middle East, but not as quickly as...
Business confidence in the Middle East continued to fall in the second quarter of 2015, but not as quickly as it had in the...
Dubai’s Business Confidence Index Declines due to Summer Slowdown
Quarterly business confidence survey shows businesses preparing to expand and upgrade technology
Robust expectations among manufacturing firms and construction-related activity had continued to support overall...
UAE Consumer Confidence at 108: Highest in Middle East
Middle East / Africa confidence declined two points to 94, as spending and personal finance sentiment dropped.
UAE Consumer Confidence declined seven index points in...
IMF Cuts Global Growth Forecasts
An unexpected decline in output in the United States prompted the International Monetary Fund to lower the global growth forecast for this year. In...
Optimism about Business in Dubai at 19- month high in June
A robust expansion in business activity and order growth was recorded in Dubai during the month of June, although the pace of growth was...
UAE and Saudi Arabia continues to grow despite lower oil prices
UAE new orders grow, and job creation hit three-month high in May’15
Saudi Arabia’s output and new orders expanded, but the growth rate eased
GCC consumers...
Dubai inflation hits six-year high
A recent report issued by the Dubai Statistics Centre (DSC) shows that annual inflation of the consumer price index (CPI) for goods and services...