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...
UAE delegation participates in the spring meeting of IMF and the...
The UAE’s delegation, headed by HE Obaid Humaid Al Tayer, Minister of State for Financial Affairs, took part in the Spring Meeting of the...
IMF Forecasts Slow Growth in Developing Nations
The International Monetary Fund warned on Tuesday about persistently slow growth in developing economies. These countries will not soon regain the high rates of...
Rebound in business conditions across Dubai private sector
A return to growth was recorded across all three key sub-sectors monitored by the survey of Emirates NBD in March. Travel & tourism was...
IMF: UAE economy maintains strong growth due to prudent financial policies
While oil-exporting countries face significant challenges as result of global economic turbulence and falling oil prices; the UAE continues to achieve new levels of...
Further decline in business activity across Dubai’s private sector
Private sector companies based in Dubai signalled the first deterioration in overall operating conditions since data collection began in 2010 during February. At 48.9,...
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...
More than half people worldwide believe there is a recession
More than half (55%) of respondents around the world believed they were in recession in the fourth quarter of 2015, a modest increase from...
Dubai Economy Tracker Index declined further in January
The Dubai Economy Tracker Index (DET) declined to 50.7 in January, signaling the slowest expansion in non-oil private sector activity in nearly six years.
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Recessionary Sentiment Prevails in MENA Region
UAE’s Consumer Confidence ends 2015 on a slightly higher note
UAE has the highest score in Africa/ Middle East region
UAE led the way for Middle...
UAE’s infrastructure ranks 4th worldwide
Well developed infrastructure is a critical factor underpinning economic growth and strength. Effective transport, power and communications networks create the conditions for businesses to...
Small Businesses in UAE to face more difficulties in 2016
UAE-based small and medium enterprises struggled to raise and collect money during the last quarter, pushing plans to recruit, launch products or open new...
A few thoughts on global economic recession 2016
Global economic recession is not just a terminology at which you have glimpsed while browsing social media on your smartphone. It is rather a disturbing...
Cautious Optimism for 2016 Global Economy
Despite significant market turbulence in the beginning of this year, there are reasons to remain cautiously optimistic about the trajectory of the global economy...