IMF cut its global growth outlook for 2013
The International Monetary Fund cut its global growth outlook for this year and the next one. Capital outflows are projected to further weaken emerging...
Developing East Asia to continue driving global economy in 2014
Changing global outlook highlights need for structural reforms to sustain growth and share prosperity
Developing East Asia is expanding at a slower pace as China...
UAE Purchasing Managers Index at 29-Month High
Non-oil business activity in the United Arab Emirates increased by the most in over two-years in September. This fact was revealed by HSBC on...
Dubai registers a 15% rise in business licenses issued in August...
The Department of Economic Development (DED) witnessed a 15 per cent increase in licenses issued in August 2013 compared to the same month of...
How a successful Expo 2020 bid will impact Dubai’s economic outlook
In a most recent note to investors, Bank of America focuses on Qatar and UAE economic development and highlights the benefits for the emirates'...
Abu Dhabi Economic Outlook – Solid & Sound
Gradual fiscal consolidation is bringing the Abu Dhabi central government fiscal oil break-even price lower, after the spike due to exceptional support to Dubai,...
Gulf Common Market 2012 Statistical Report Released
GCC nationals register 56,663 property contracts in the UAE 2012
Saudis represent 43.2% of the licenses granted to GCC nationals to practice economic activities within...
Arab World Competitiveness Report 2013 Highlights Job Creation
Arab World Competitiveness Report 2013 highlights job creation as the major economic challenge for leaders in the Middle East
Among the 13 countries in focus,...
UAE Consumer Confidence at ‘All-time High’
Consumers in the UAE are more optimistic than ever before, according to the recently released 'MasterCard Index of Consumer Confidence'. The survey reveals that...
Dubai Inflation Rose on Higher Housing and Utilities Cost
Dubai inflation has reached its peak level since 2011. This is mainly due to the increasing utility costs and rent prices in the emirate,...
Dubai Business Confidence Index Reaches 120.7 Points in Q2 of 2013
Ease of business and improving market conditions boost business confidence in Dubai
Manufacturing sector leads in profit estimates, service sector foresees new jobs while trading...
UAE economy recovering, but debt remains a concern, IMF
The International Monetary Fund’s (IMF) 2013 Article IV Consultation with the UAE has concluded with a favourable economic overview. The IMF notes the UAE’s...
Global Consumer Confidence Reported Slow Steady Improvement in Q2
Global consumer confidence increased one point to an index of 94 in the second quarter, according to consumer confidence findings from Nielsen. The increase...
Dubai’s GDP Increased by 4.7% in Q2
The economy of Dubai continues to revive robustly. Only in the second quarter of 2013, the emirate registered a 4.7% rise in GDP, reported...
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...
UAE GDP to increase to USD 474.2 billion in 2018, IMF
IMF issues its final report for 2013 following its discussions with the UAE on Article IV
Net revenue amounted to AED 488.1 billion in 2013
Increase...
UAE Private Sector Growth Slows in June
Growth of business activity in the UAE's non-oil private sector slowed in June from a three-month high in the previous month, as expansion of...
IMF Issues Statement on UAE’s Financial and Economic Performance
IMF issues its Concluding Statement for 2013 following its Meeting with the UAE on Article IV
The International Monetary Fund (IMF) recently issued the delegation’s...