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...
UAE business activity hits 15-month low in August
Growth of the business activity in the private sector in UAE slowed to a 15-month low in August, according to the HSBC UAE Purchasing...
Optimism about Business in Dubai at 19- month high in June
A robust expansion in business activity and order growth was recorded in Dubai during the month of June, although the pace of growth was...
2013 Predictions: Global Economy to Stabilize
After 2010, the global economy continued its downturn and in 2012 it reached its lowest levels since decades. Many countries went into recession, including...
World Bank Cuts Global Growth Outlook
The global economy will growth 2.4% this year, the World Bank predicts, amid troubles in both emerging markets and developed nations.
The World Bank marked...
UAE aims to impose value-added tax in 2018
The United Arab Emirates does not plan to tax the incomes of individuals or remittances abroad by foreign workers in the country, a senior...
Recession or Depression?
A recession is defined to be a period of two quarters of negative GDP growth. By definition is a national or world event and...
‘New Normal’ Productivity Spells Uncertainty for Global Economy
The Global Competitiveness Report 2015-2016 finds countries need higher productivity to address sluggish global growth and persistent high unemployment
Failure to boost competitiveness is compromising...
Global financial crisis set to reduce prospects for economic growth :...
The present global financial crisis will reduce the prospects for the UAE economic growth from high single digit to low single digit growth in...
HH Sheikh Mohammed bin Rashid: National economy solid
The UAE's economy is robust and is based on solid foundations and a long-term vision, Vice President and Prime Minister and Ruler of Dubai...
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...
UAE GDP to grow more than 3.5 percent in 2015
Sultan bin Saeed Al Mansouri, Minister of Economy, said the Gross Domestic Product (GDP) of the UAE is predicted to grow more than 3.5...
Report on business opportunities in Dubai underway
Dubai FDI, the foreign direct investment (FDI) office in the Department of Economic Development (DED), has formed a partnership with the international business consultancy...
A delegation from Dubai Department of Economical Development and INDEX Holding...
A delegation from the Dubai Department of Economical Development (DED) headed by Mr. Fahad Al Gergawi, Chief Executive Officer, Foreign Investment Office accompanied...
UAE Consumer Confidence at 108: Highest in Middle East
Middle East / Africa confidence declined two points to 94, as spending and personal finance sentiment dropped.
UAE Consumer Confidence declined seven index points in...
UAE Consumer Confidence at ‘All-time High’
Consumers in the UAE are more optimistic than ever before, according to the recently released 'MasterCard Index of Consumer Confidence'. The survey reveals that...
Global Consumer Confidence Reported Slow Steady Improvement in Q2
Global consumer confidence increased one point to an index of 94 in the second quarter, according to consumer confidence findings from Nielsen. The increase...
Revenues from UAE’s Federal Government Service Transactions Rose 4.2% in Q1...
The Ministry of Finance (MoF) announced that the federal government revenue collected through e-Dirham reached more than AED2 billion in Q1 2016, up 4.2...