Global Economic Outlook 2013
The global economy still hasn’t stepped back on track after the financial crisis that erupted in 2008. In 2012, the global growth descends to almost 3%. This...
MENA economic growth up at 5.1 percent in 2012, IMF
The economic outlook for the Middle East and North Africa region is mixed. Most of the region’s oil-exporting countries are growing at healthy rates...
Dubai Consumer Confidence Index advanced above average
Consumers and business owners in Dubai have stepped into the final quarter of 2012 with renewed confidence and a brighter outlook on jobs and...
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...
UAE 4th most financially stable country worldwide, World Economic Forum
The United Arab Emirates ranks 4th among 62 countries worldwide in terms of financial stability, according to the latest World Economic Forum Financial Development...
UAE Cabinet approves non-deficit Union Budget for 2013
The UAE Vice President and Prime Minister and Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, said today that health, education,...
Doing business in UAE gets easier, but investors protection is a...
The annual report by the World Bank and IFC, Doing Business 2013, measures 185 economies on the ease of starting and operating a local...
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...
High Oil Prices will constrain Economic Growth
During the last century, cheaper oil prices gave a boost to global economic growth. However, during the last decade, prices for oil surged, and...
Dubai’s Consumer Price Index, Inflation Rate up in August
The overall Consumer Price Index (CPI) reached 116.86 in August 2012, and with comparison with the base year (2007 =100); it increase by 0.33%...
Moody’s cuts growth forecasts for emerging economies
Moody's Investors Service on Thursday downwardly revised growth forecasts for Group of 20 emerging economies, citing a troubled external environment and weaker domestic demand....
Business licenses issued in Dubai rose 9% in July
Licenses issued by DED in July 2012 rises 9% to 1,426
The number of trade licenses issued by the Department of Economic Development (DED) in...
Dubai sees 17 % increase in trade licenses issued in Q2...
The total number of trade licenses issued by the Dubai Department of Economic Department (DED) during the second quarter of 2012 reached 4,499, a...
Dubai Consumer Confidence Index remain above average
Overall consumer confidence in Dubai remained robust during the second quarter of 2012, driven largely by a positive outlook on personal finance and strong...
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 ranks third-most competitive economy in the region
The UAE ranks as the third-most competitive economy in the region after Qatar and Saudi Arabia, the latest study by Dubai Chamber of Commerce...
Global economy slowing, could get worse
International Monetary Fund Managing Director Christine Lagarde warned the global economy was slowing. She said the situation could get worse, because Europe was not...
UAE ranked 37th in innovation performance
For the second year running, Qatar and the UAE lead the Middle East in overall innovation performance, according to the Global Innovation Index 2012...