Abu Dhabi GDP up 14.4% to AED 931 bn in 2018
Abu Dhabi's Gross Domestic Product, GDP, at current prices, increased by 14.4%, from AED 813.6 billion in 2017 to AED 931.0 billion in 2018,...
Consumer Confidence in Dubai Highest since 2015
The first quarter of 2021 saw consumer confidence in Dubai rising to its highest level since the second quarter of 2015, according to the...
Understanding The Depth of 2020 Global Recession
Current forecasts suggest that the coronavirus (COVID-19) global recession will be the deepest since World War II, with the largest fraction of economies experiencing...
World Economy to Return to Pre-Pandemic Output in 2021
The OECD released its latest interim Economic Outlook report, providing us with an updated look at the pandemic’s impact on the world economy. Striking...
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...
Effective June 1st, UAE Commercial Companies Law allows 100% Foreign Ownership
UAE Ministry of Economy announced that the amended Commercial Companies Law will come into effect on June 1st, 2021, allowing foreign investors and entrepreneurs...
More Economic Uncertainty on the Horizon
More than half (56%) of chief economists expect the global economy to weaken in 2024, with seven in 10 saying pace of geoeconomic fragmentation...
How to Achieve Growth in the Middle East and North Africa
A thriving private sector is essential to drive sustainable economic growth.
Economic integration will make MENAP a more competitive region.
Selective deregulation, free...
Businesses in Dubai Foresee Higher Revenues, Stronger Ground Ahead
• Business Confidence Index improves quarter-to-quarter and year-on-year
• Large companies continue to maintain stronger projections
Businesses in Dubai are confident of closing the year on...
GCC Consumer Confidence Out Performs that of G8 Nations
The GCC is among the most optimistic regions in the world with KSA leading globally in consumer confidence despite the Covid-19 pandemic
The GCC is...
UAE Announces ‘The Principles of The 50’ to Pave Economic, Political...
The UAE announced ‘The Principles of the 50’, as part of the ‘Projects of the 50’ campaign, to chart the strategic roadmap for the...
Global Financial Stability Report 2022 Soundbites
Global financial conditions have tightened notably and downside risks to the economic outlook have increased as a result of the war in Ukraine, the...
Unemployment, Governance Challenges, Energy Price Shocks Seen as Major Risks in...
New risk analysis by the World Economic Forum shows risk perception by regional business leaders focuses on economic, governance, and security issues
Risks...
Dubai Future District Launch; AED1 Billion Fund to Drive New Economy
His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, today announced during the second Dubai Council’s meeting,...
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...
Severe Global Recession in H1 of 2020, Economists Consensus
A new research note from Deutsche Bank says that in the first half of 2020 the world will experience a “severe global recession”.
Also according...
A New Dawn for Emerging Markets?
Those betting on emerging markets (EMs) to outperform have often been disappointed. Despite strong growth and supportive demographic and consumer trends, EM equity returns...
Dubai Economy Reveals Details Of Closing Down Commercial Establishments, Activities
Dubai Economy has directed commercial establishments in the emirate to close down for two weeks starting today in line with the preventive measures announced...