UAE National Day Country Report Released
December 2nd, 2016, is a day that embodies the Spirit of the Union and celebrates 45 years of great achievements since the federation was...
VAT is set to truly be taxing, with next 13 months...
Diversification, changing operating models and promoting smart initiatives led by technology and employment continue to be key trends as we move into Q1 2017....
UAE Consumer Confidence Took a Slight Dip in Q3 of 2016
The United Arab Emirates (UAE) consumer confidence declined by one point from the previous quarter to a score of 108, according to consumer confidence...
UAE Consumer Confidence rose in Q2 of 2016; Highest in MENA...
The United Arab Emirates’ second-quarter score reversed a four-point decline in the first quarter with a five-point increase to 109, making it highest in...
Demography to play a crucial role in GCC economic growth
GCC economic growth and future is linked to the dynamics of the region’s demography
Dependency ratio will be an issue due to the...
Stagnating global economy outlook may turn into a downturn
Last week the International Monetary Fund issued an “urgent” call for the world’s largest economies to roll out more policies to boost growth, painting...
UAE economy projected to grow by 2.3% in 2016; Inflation set...
The Ministry of Finance (MoF) has reviewed the International Monetary Fund’s (IMF) Article IV Mission to the United Arab Emirates report, which evaluates the...
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...
Nouriel Roubini: Limited Risk of Global Recession and Financial Crisis
Global recession and financial crisis unlikely following Brexit fallout, but mediocre growth is the new normal
Rise of nationalism and populism worldwide threatens...
Consumer confidence in Dubai higher than in NY, Tokyo, Milan, Paris,...
82% of Dubai consumers confident about economy, 86% about personal finances
Consumers in Dubai appeared to be more optimistic on the overall state of the...
Business activity in Dubai improves with no increase in employment
The index - a composite indicator designed to give an accurate overview of operating conditions in the non-oil private sector economy - has now...
Dubai, Abu Dhabi amongst The Most Expensive Cities Worldwide
Dubai and Abu Dhabi have been ranked the most expensive cities to live in across the Middle East, according to Mercer’s 2016 Cost of...
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...
Recessionary Sentiment Rose to 60% Globally
Though global consumer confidence remained stable in the first quarter with a one-point increase from the previous quarter, significant variation existed on a country-by-country...
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...
UAE Consumer Confidence Remains High, Declines in Q1 2016
Consumer confidence in the United Arab Emirates (UAE) remained at an optimistic, above-the-baseline score of 104, but declined four-points from the previous quarter. Interestingly,...
China slowdown not solely responsible for market volatility
The slowdown in the Chinese economy is one factor contributing to global market volatility
Investors and economists everywhere are worried about the interest rates of...
IMF revises GCC countries’ GDP growth forecast to 1.8%
The International Monetary Fund revised once again its projection about the economic growth in the GCC countries. The latest estimate for 2016 has been...