GCC Economic Recovery Uneven across Different Industries
“The IMF report predicts real GDP growth in MENA to pick up to 4% this year, which is significant improvement on the 3.2% it...
World Free Zones Organization to Boost Free Zones’ Role in Global...
New ‘Free Zone Laboratory’ designed to develop free zone operations led by industry experts. In a first of its kind initiative aimed at empowering free...
IMF: Global Financial Stability Report April 2021 Forecast
The global economy is finally emerging from the worst phases of the COVID-19 pandemic, although with prospects diverging starkly across regions and countries, the...
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...
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...
UAE Economy Projected to Grow by 2.5%, 3.5% in 2021, 2022:...
The Central Bank of the UAE projects real GDP to recover to positive growth of 2.5% in 2021, with non-oil GDP growing by 3.6%...
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...
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...
Tech-Led Strategies for Economic Recovery
Leaders and industry experts joined the conclave for a discussion on the burning topic of transformative leadership and the road ahead for an economic...
Dubai’s Consumer Confidence Index Highest Since 2017
Dubai saw its Consumer Confidence Index during the last quarter of 2020 rising to the highest level since the third quarter of 2017, said...
Arab Petroleum Investments Corporation Highlights Economic Opportunities, Challenges for MENA Countries...
Arab Petroleum Investments Corporation (APICORP) highlights the economic opportunities and challenges for MENA countries under COVID-19These opportunities include bringing production closer to consuming markets...
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...
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...
UAE Central Bank Expects Recovery of Economic Activity in H2 2020
The Central Bank of the UAE, CBUAE, has projected the recovery of economic activity to commence in the second half of the year.
The first...
Resurgence of COVID-19 Could Cause Global Economic Depression
According to the Moody’s Analytics baseline economic forecast, real global GDP will fall by 4.5% this year as a result of COVID-19. Our base...
COVID-19 Risks Outlook: Challenges and Opportunities
Economic distress and social discontent will rise over the next 18 months unless world leaders, businesses and policy-makers work together to manage the fallout...
Dubai Government Agencies To Cut Spending, Freeze Hiring
In response to the coronavirus outbreak, Dubai’s department of finance has directed all government agencies to slash capital spending and halt new hiring until...
Dubai Economy Fines 14 Merchants For Hiking Face Mask Prices
Dubai Economy has imposed fines on 14 merchants, including nine pharmacies in Nad Al Hamar, Al Mizhar, Nad Hessa, Sheikh Zayed Road, Hor Al...
