UAE Outperforms Global Counterparts in Dimensions of Income, Infrastructure
BCG’s global report on sustainable economic development progress places the UAE in the top quartile when it comes to well-being
UAE performs above the majority...
Best economies for doing business in 2014 Revealed
The World Bank published its annual Doing Business report. This year, the study has included nearly 190 countries across the world. The report compared...
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...
Licenses issued in Dubai rose 14% in May 2012
The number of trade licenses issued by the Department of Economic Development (DED) in May 2012 reached 1,542, an increase of 14 per cent...
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%...
VAT in UAE Will Curb Unhealthy Consumption
The price of fizzy drinks and tobacco is about to go up. The Federal National Council last week approved a draft law setting up...
Economy faces New Recession
The U.S. economy is headed for another recession that government intervention cannot prevent, according to the Economic Cycle Research Institute. Such downturns will occur...
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...
‘Britain is open for business’
British Embassy in partnership with Crowe Horwath hosted a key meeting aimed at enlightening existing and potential entrepreneurs on the challenges and opportunities of...
Price of milk products to be reduced by 15 per cent...
Following discussions with the UAE Ministry of Economy, Nestle has agreed to reduce the prices of milk products by 15% starting from today January...
Double taxation agreement between UAE and Saudi Arabia comes into effect
The agreement enhances integration and cooperation frameworks in tax matters, and consolidation of financial, economic and investment partnership between the two countries
It...
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...
Consumer Spending in Islamic Economy Sectors Totals US$2.2 Trillion
Islamic economy registers 5.2 per cent growth over previous year
UAE ranks first across five of seven Islamic economy sectors
Investments in Islamic...
National plan to develop small and medium businesses
His Excellency Sultan Bin Saeed Al Mansouri, UAE Minister of Economy, said the Ministry will be the federal authority responsible for developing the small...
Business Confidence in Dubai Improves on Stronger Demand
Businesses in Dubai are more upbeat about the final quarter of 2017 compared to the previous quarter, driven by increased demand during the winter...
Al Mansouri emphasizes Government’s focus on further diversifying the economy
His Excellency Sultan Bin Saeed Al Mansouri, UAE Minister of Economy, has reiterated the UAE Government’s commitment to diversify the economy. He briefed...
Recessionary Sentiment Rose to 60% Globally
Though global consumer confidence remained stable in the first quarter with a one-point increase from the previous quarter, significant variation existed on a country-by-country...
FAB: GCC Will Outperform Global Economy in 2024
Group’s Global Investment Outlook 2024 report recommends investors diversify asset allocation, points to opportunities in MENA ESG investing.
The economies of the UAE and Gulf...