Dubai Poised For Rapid Contactless Economy Growth
Dubai Internet City business partners driving mass adoption of contactless payment technologies in the region.
Visa’s innovation centre at Dubai Internet City supports the company’s...
Dubai Inflation Rose on Higher Housing and Utilities Cost
Dubai inflation has reached its peak level since 2011. This is mainly due to the increasing utility costs and rent prices in the emirate,...
Creditors to Dubai World have accepted an offer from the conglomerate,...
Lenders to Dubai World have accepted an offer from the conglomerate to settle $14.2 billion in outstanding bank claims, according to a report in...
UAE Banks will continue financing the economic sector
Obaid Humaid Al Tayer, State Minister for Financial Affairs, has directed the banks to continue financing basic economic sectors, in order to help sustain...
Dubai’s Business Confidence Index Declines due to Summer Slowdown
Quarterly business confidence survey shows businesses preparing to expand and upgrade technology
Robust expectations among manufacturing firms and construction-related activity had continued to support overall...
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...
Outlook 2020: Global Growth Can Endure Over the Coming Year
Citi Private Bank today released its Outlook report for 2020, titled, “Staying Positive in a Negative (Yielding) World.” The twice-yearly publication provides in-depth insights...
UAE the Best Arab Country for Starting New Business
The United Arab Emirates was found to be the best Arab country for starting new business and investment projects. That conclusion was made by...
UAE and Saudi Arabia continue to witness stable economic activity
The latest Crédit Agricole Private Banking research report, ‘Macro Comment – MENA Update’, observed that the UAE and Saudi Arabia continue to witness stable...
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...
Dubai Department of Economic Development and UAE Ministry of Social Affairs...
The Dubai Department of Economic Development (DED) and the UAE Ministry of Social Affairs signed a Memorandum of Understanding (MoU) to further strengthen foreign...
62% of UAE employees believe their income is not balanced with...
The latest results from the recent Consumer Confidence Index survey carried out by Bayt.com, the Middle East's number one job site, and research and...
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...
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...
17% increase in business licenses issued in Dubai
The Dubai Department of Economic Development (DED) issued 1,507 business licences for various types of businesses in Dubai in March 2012, a 17% increase...
Movable Asset Registry Project Launch
60% of UAE's GDP originate from SMEs
95% of Dubai enterprises belong to SME category
Ministry of Finance and IFC to singed recently a project service...
IMF Fiscal Monitor: Global Economy Slowing Down
The global economy is slowing amid continued tight financing conditions, announced Vitor Gaspar, Director of the Fiscal Affairs Department at the IMF today (Wednesday,...
Dubai Inflation up 0.82% in August
The monthly consumer price index in Dubai rose another 0.82 per cent in August compared to July, according to a report released by the...