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.
Read...
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...
World Bank cuts global economic forecast for 2016
Souring prospects in the world’s largest emerging markets are darkening an already cloudy outlook for the global economy, the World Bank said on Wednesday, as it cut the...
Tax reform in the GCC approaching
Tax reform in the Gulf Cooperation Council (GCC) region is a matter of when, not if, and Saudi Arabia is not immune. The Kingdom,...
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...
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...
Business activities across Dubai private sector registered a modest rebound in...
November data highlighted a modest rebound in business conditions across the Dubai private sector, with output, new orders and employment all expanding at a...