China stocks slump 7%, triggering shortest trading day in its history
A plunge in Chinese stocks and a falling yuan sent financial markets across Asia sharply lower Thursday. Worries intensified about China's economy and whether...
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,...
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...
6th Annual Statistical Report on the Gulf Common Market Released
The Ministry of Finance (MoF) organised, today, a press conference to highlight the UAE’s performance in the Gulf Common Market (GCM), at its headquarters...
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...
Emirates’ Operations in India: a US$848 million impact on GDP
Emirates, the world’s largest international airline, and the National Council of Applied Economic Research (NCAER) in New Delhi, today released the results of an...
IMF Managing Director Christine Lagarde Discusses Economic Challenges with GCC Countries
Ms. Christine Lagarde, Managing Director of the International Monetary Fund (IMF), issued the following statement today at the conclusion of a meeting in Qatar...
Middle East Businesses Are Feeling the Strain
Business confidence in the Middle East is at its lowest ebb for more than five years, according to the latest global survey of accountants.
The...
Doing Business 2016 Ranks UAE 31st Worldwide
The pace of business regulatory reforms picked up during the past year in the Middle East and North Africa, despite conflict and turmoil in...
Global Economic Weekly: Weak Business and Consumer Sentiment
Weak trade data suggest China is in the midst of a slowdown in domestic demand, but do not point to a "hard landing" scenario....
‘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...
Smart cities: Where to go?
Smart cities market to reach US$1.5 trillion by 2020
In 2015 and beyond, the number and value of smart city initiatives will expand substantially, according...
5 tips of doing business in Iran
Following the recent nuclear agreement, a significant number of EU and US-based companies have started reassessing their strategy towards Iran. There is a growing...
Global Economic Outlook Deteriorating on China, EM Concern
Risk Off as Cash Holdings Reach 2008 Crisis Levels
Global investors’ confidence in the world’s economic outlook has fallen significantly due to concerns over China...
US Central Bank should delay rate increase until 2016 as global...
The International Monetary Fund said that it plans to downgrade its global growth outlook for the year, despite it is already at its slowest...
The World’s Most Liveable Cities in 2015 Revealed
Although it's usually the top cities that warrant the most attention, the latest findings of The Economist Intelligence Unit's Global Liveability Ranking reflect a...
Global Emotions Report Reveals Most Miserable and Happiest Countries
Led by Bolivia and El Salvador, Latin American countries dominate the top of the list of the most emotional countries in the world. On...
Business confidence falls in Middle East, but not as quickly as...
Business confidence in the Middle East continued to fall in the second quarter of 2015, but not as quickly as it had in the...