Dubai Government Debt at $31.4 billion
According to an investor presentation made Friday by the Dubai's department of finance, the total outstanding external term borrowings of the Government of the...
Retailers to stop charging surcharge on credit card usage from July...
His Excellency Sultan Bin Saeed Al Mansoori, Minister of Economy and Chairman of the Supreme Committee for Consumer Protection, has instructed retailers to stop...
Balance between short-term needs and long-term strategy essential
Short-term thinking has hit the headlines in recent years as the catalyst for the recent economic crisis. As regional business continues to evolve at...
GCC growth to exceed 5% in 2011, World Bank
Gulf Cooperation Council (GCC) countries are on course to maintain a strong economic growth exceeding five per cent in 2011, the World Bank said...
IMF warns UAE on risk from debt-laden entities
While the economic recovery in the United Arab Emirates is gaining strength, the International Monetary Fund Monday warned about the risk posed by debt-laden...
Executive booklet on FNC elections 2011 released
The National Election Committee has issued the executive booklet for the Federal National Council (FNC) elections 2011 in order to enhance general awareness among...
Signaling region’s economic recovery
Rashed Al Baloushi, Deputy CEO of Abu Dhabi Securities Exchange (ADX), confirmed that the UAE capital markets had overcome the consequences of the global...
Dubai: Inflation up 0.74% in Q1, 2011
Inflation rate in the Emirate of Dubai rose to record 0.74 % in the first quarter of 2011 compared to the same period of...
UAE: Seventh on government spending efficiency by World Economic Forum
The UAE is ranked seventh in the world in terms of efficiency of government spending in the 2010-2011 Global Competitiveness Report of the World...
Dubai inflation increased 0.9 percent in February
Dubai inflation rose 0.9 percent on an annual basis in February. Food and transportation costs increased from the previous month, according to data from...
Sheikh Mohammed comments on UAE Economy
"The past is over; we must look to the future"
UAE Vice President, Prime Minister and Ruler of Dubai His Highness Sheikh Mohammed bin Rashid...
Dubai inflation rose 0.4 percent
Dubai inflation rose to 0.4 percent on an annual basis in January.
However, the living costs in the emirate fell slightly from the previous month...
Economic Recovery in Slow Motion
Don’t count on the average consumer to bail out the local economy, not just yet!
Consumers will continue to get caught up in post-recession measures...
UAE in 2011
The UAE will see growth in all sectors next year, including banks, real estate and tourism.
The industrial sector is expected to record high growth...
2011 Forecasts: UAE in Figures
According the Economist, economic growth in UAE will pick up in 2011, but oil production will increase only modestly during a slow recovery in...
GCC’s economic outlook indicates robust growth
A recently released analysis by Dubai Chamber of Commerce and Industry indicated a solid recovery outlook for GCC countries as their real GDP growth...
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,...
No plans to de-peg Dirham from Dollar
The UAE has no intention to de-peg the UAE Dirham from the US Dollar and to join the GCC monetary Union, Governor of the...