What is the economic outlook for Middle East and North Africa?
Back in January we were cautiously optimistic about the global economy, now we are cautious.
Given that the global economy is basically slowing down, the...
Dubai World’s approval from creditors to change terms of debt to...
According to UBS AG and Moody’s Investors Service, Dubai World’s approval from creditors to change the terms on $24.9 billion of debt is likely...
Strong economic outlook for UAE
The underlying economies of both the UAE and GCC region are strong and the outlook for listed companies robust said Tom Healy, Chief Executive...
Abu Dhabi Government reaffirms sovereign support for its state-owned enterprises
The government of Abu Dhabi has noted the recent action taken by Moody’s Investors Service to downgrade the ratings of several Abu...
Dubai Inflation Index Rose 0.76% June 2016
The monthly inflation in the prices of goods and services, part of consumers' basket in the Emirate of Dubai, rose by 0.76 percent in...
Ministry of Economy focused on global cooperation, Al Shihhi
His Excellency Mohammed Ahmed Bin Abdul Aziz Al Shihhi, Director General of the Ministry of Economy, said the UAE Government is focused on...
Dubai inflation hits six-year high
A recent report issued by the Dubai Statistics Centre (DSC) shows that annual inflation of the consumer price index (CPI) for goods and services...
UAE’s non-oil private sector growth modestly increased in February
The UAE's non-oil privates sector showed a modest growth last month with output rising at a marginally faster rate, according to the Emirates NBD...
UAE economy owns ability to compete within economic changes in 2012
UAE economy is able to enhance the UAE’s competitive position during 2012 through its ability to deal with the economic variables of the financial crisis taking place in both Europe and the US.
UAE and Saudi Arabia continues to grow despite lower oil prices
UAE new orders grow, and job creation hit three-month high in May’15
Saudi Arabia’s output and new orders expanded, but the growth rate eased
GCC consumers...
IMF Lowers 2013 MENA Growth Forecasts
Mideast Faces Lower Growth Prospects, Needs Bold Policies, indicates IMF Survey
Most oil exporters enjoy solid non-oil growth, but must strengthen budgets
Outlook of oil importers...
Global Growth on the Rise but Risks Remain, Predicts IMF
IMF projects global growth at 3.7 percent in 2014, rising to 3.9 percent in 2015
Growth pickup stronger in advanced economies; higher external demand to...
Outlook 2016: Global Growth Edges Up
Economists at Goldman Sachs have released what they believe will be the 10 biggest of 2016. Here they are:
1. Global growth, more stable than...
UAE ranked 37th in innovation performance
For the second year running, Qatar and the UAE lead the Middle East in overall innovation performance, according to the Global Innovation Index 2012...
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...
Recession Receding: Global Consumers More Optimistic Than in 2014
Though consumer confidence scores saw a slowdown between the third and fourth quarters of 2014, people are still finding reasons to see the glass...
Gulf population expected to increase by 30% in 7 years
Till 2020, the GCC population is expected to reach 53.5 million, a 30 % increase over the scale from 2000. In the same period,...
IMF warns UAE on risk from debt-laden entities
While the economic recovery in the United Arab Emirates is gaining strength, the International Monetary Fund Monday warned about the risk posed by debt-laden...