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...
Fitch Rates UAE Outlook Stable ‘-AA’
Fitch Ratings Inc., the US credit rating agency, has rated the federal government of the UAE at -AA with a Stable Outlook.
The move reflects...
UAE Optimistic For 2018 Despite Expecting VAT To Be A Challenge
New YouGov Omnibus research has found that despite expecting VAT to be a challenge in the UAE, residents are largely optimistic for the year...
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...
UAE PMI Sees Robust Improvement in Business Conditions
The health of the UAE's non-oil private sector gained steam in July, supported by sharp expansions in output and new work. A survey carried...
UAE GDP to increase to USD 474.2 billion in 2018, IMF
IMF issues its final report for 2013 following its discussions with the UAE on Article IV
Net revenue amounted to AED 488.1 billion in 2013
Increase...
3rd Al Gharbia Development Forum to showcase opportunities in Western Region
One-day day event to focus on infrastructure, industrial and social infrastructure developments
The 3rd Al Gharbia Development Forum to be held at the St...
Dubai Economy Tracker Index declined further in January
The Dubai Economy Tracker Index (DET) declined to 50.7 in January, signaling the slowest expansion in non-oil private sector activity in nearly six years.
Read...
UAE Non-oil Private Sector Economy Saw Sharpest Increase
Growth in the UAE non-oil private sector economy climbed to the fastest pace seen since February 2015, bolstered by sharp expansions in new orders...
Ministry of Economy Plans for SME Sector For the Year 2020
The plan includes training programs to empower entrepreneurs; new channels to connect with global and regional markets; and extensive participations in specialized exhibitions
The...
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...
Biggest ever Brainstorming on the Global Agenda ends with call for...
1. In the wake of the global financial crisis, the world needs to examine its basic operating systems and aim for a “fundamental rebootâ€,...
Current Backdrop in Inflation could trigger Hyperinflation in two years from...
The latest BofA Merrill Lynch Global Research report, titled “BofA ML Economics – Global Economic Weekly: Cooling Core†dated 8 March, authored by the...
Dubai’s inflation rises in first half
Dubai's inflation rate jumped to a record 0.64 per cent in the first half, compared to the same period of 2009, the...
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...
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...
How a successful Expo 2020 bid will impact Dubai’s economic outlook
In a most recent note to investors, Bank of America focuses on Qatar and UAE economic development and highlights the benefits for the emirates'...
US Central Bank should delay rate increase until 2016 as global...
The International Monetary Fund said that it plans to downgrade its global growth outlook for the year, despite it is already at its slowest...