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...
ADB cuts Asia growth estimates for 2013
The Asian Development Bank reduced its estimates forecast for 2012 and 2013 for the Asian region. That happened on Wednesday when the amount of...
UAE Ministry of Economy instructs car dealers in Abu Dhabi to...
Safety defects to be reported within 24 hours
The Consumer Protection Department of the UAE Ministry of Economy, today, instructed care dealers...
Consumer confidence in Dubai strengthens on better job prospects
Survey shows 90% of consumers happy with the current state of economy and 95% anticipating stronger economic performance in 2013
Optimism is running deep while...
UAE’s diversification policy drives sustained economic growth, says Al Mansouri
His Excellency Sultan Bin Saeed Al Mansouri, UAE Minister of Economy, said the diversification initiatives of the UAE Government drive the sustained growth momentum...
New 1,298 trade licenses issued in Dubai
The Dubai Department of Economic Department issued 1,298 new trade licenses during June 2012, indicating a growing interest in commercial and professional activities among...
UAE Liquidity Squeeze
The near-term direct impact of lower oil prices on UAE is more muted than for GCC peers. However, the indirect impact through lower regional...
UAE hosts 91st GCC Financial and Economic Committee Meeting
The UAE will be hosting the 91st GCC Financial and Economic Committee Meeting which will be headed by HH Sheikh Hamdan bin Rashid Al...
574 new companies register with RAK FTZ in Q2, 2011
New registrations up 30% in first half of 2011 compared to last year
Total revenue at RAK FTZ increased by 4% in Q2 of 2011
The...
IMF updates economic outlook for MENAP
IMF expects GCC to continue to be regional growth driver with GDP growth projected at 5.3% in 2012
Continued growth across the MENA region in...
2011 Forecasts: World’s population will reach 7 billion in 2011
Rate of population growth will slow
With 267 people being born every minute and 108 dying, the world’s population will top seven billion next year,...
Dubai Business Confidence Index rose to 122 points in Q3
Dubai businesses buoyant on higher sales and volumes expected during winter 2012
Confidence rises on high demand and improved performance across key sectors
Businesses in Dubai...
Dubai Launches $400 Million Economic Stimulus Package for Next 3 Months
Under the directives of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, Crown Prince of Dubai...
UAE economy ‘to recover faster than other nations’
The UAE is expected to recover from the global financial distress faster than other economies given its enormous wealth and experience in crisis management,...
UAE Economic & Strategic Outlook
Since the past few years, UAE’s economy had been performing exceptionally well on the back of surge in oil prices and strong growth in...
IMF Revises World Economic Growth Forecasts for 2013-14
The International Monetary Fund forecast slower global economic growth for 2013 and 2014. The reasons for the latest revisions are expectations of a more...
The Impact of Corona on GCC and The Global Economy
The GCC economy depends heavily on revenues from the sale of oil and its derivatives on the world market. Complicating the situation, the GCC...
UAE’s alternative energy projects up to US$100b by 2020
Globally, the total alternative investments could reach US$1.5 billion by 2010.