Economy expected to contract 0.6 percent this year
The UAE Central Bank will keep interest rates low in 2009 as the Arab world’s second- biggest economy contracts due to falling oil prices,...
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...
What Does Dubai’s Rising Cost of Living Mean for the City?
Dubai has long been a popular destination for tourists and mobile workers alike. With a strong economy and numerous opportunities for those looking for...
UAE’s Transition to 4-And-Half Day Work Boosts its Drive to Become...
Virtue PR & Marketing Communications said that the UAE’s strategic step of reducing the working weekdays to 4.5 and moving the weekend to Saturday...
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...
Expo 2020 Dubai to contribute AED122.6 billion to UAE economy
Expo 2020 Dubai and its legacy are expected to contribute AED122.6 billion of gross value added, GVA, to the UAE’s economy from 2013 to...
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...
UAE climbs three spots in Growth Promise Indicators report
The UAE ranked as high as 22nd from among 180 countries overall, and ahead of other Middle Eastern countries. The nation’s macroeconomic stability, openness,...
Consumer confidence in Dubai remains strong
Overall consumer confidence in Dubai remained robust during the first quarter of 2012, driven largely by a positive outlook on personal finance and strong...
China slowdown not solely responsible for market volatility
The slowdown in the Chinese economy is one factor contributing to global market volatility
Investors and economists everywhere are worried about the interest rates of...
Short Term Business Confidence Falls across Middle East
Business confidence across the Middle East has fallen sharply in the last quarter and is now at its lowest level since the second quarter...
UAE Minister of Economy opens second meeting of UAE- Azerbaijan Joint...
The second meeting of the UAE- Azerbaijan joint economic committee was inaugurated today in Abu Dhabi. H.E Sultan Bin Saeed Al Mansouri, UAE...
Emaar Chairman hails announcement by Supreme Fiscal Committee
Following the announcement today by the Dubai Supreme Fiscal Committee that the Government of Abu Dhabi will provide US$10 billion to the Dubai...
UAE Consumer Confidence rose in Q2 of 2016; Highest in MENA...
The United Arab Emirates’ second-quarter score reversed a four-point decline in the first quarter with a five-point increase to 109, making it highest in...
UAE business activity hits 15-month low in August
Growth of the business activity in the private sector in UAE slowed to a 15-month low in August, according to the HSBC UAE Purchasing...
DED forms two committees for grievances on licensing & permits and...
The Department of Economic Development (DED) in Dubai has formed two committees to redress grievances relating to licensing and permits procedures; and commercial compliance and inspection.
What 2019 could hold for the global economy
Since the global synchronized growth of 2017, economic conditions have been gradually weakening and will produce an across-the-board deceleration in the months ahead. Beyond...
Water Conservation Efforts Double in GCC due to Rising Population, Economic...
Region’s desalination capacity to increase by 40 per cent in next five years
More than half of the world's total desalination output originates...