Tag: Economic Growth
Standard Chartered: GCC to Stay Economically Resilient in 2025
Standard Chartered announced today its Global Market Outlook for 2025. In its report, the Bank highlighted the Gulf Cooperation Council (GCC) is expected to...
UAE PMI Hits Nine-Month High in December, Signaling Robust Growth
The UAE's non-oil private sector closed 2024 on a high note as the Purchasing Managers’ Index (PMI) reached 55.4 in December, its highest in...
Dubai Secures 437 Global Business Events for 2024 to Boost Economic...
City to welcome over 210,000 delegates in upcoming corporate, association events and incentive groups, thanks to bid wins driven by Dubai Business Events (DBE)
20%...
UAE GDP Grows By 3.6% in The First Half of 2024
Non-oil economic activities recorded positive results in the first half of 2024, the most notable of which are:
Transport and storage activities have emerged as...
Fed’s Rate Cut Welcomed, But Future Policy Must Stay Aggressive
The Federal Reserve’s decision to slash interest rates by 50 basis points—its first cut in four years—has been welcomed by investors and market participants.
However,...
Ministry of Economy Reviews New Competition Law to Boost Regulatory Frameworks
The Ministry of Economy organized a media briefing to review the Federal Decree-Law No. 36 of 2023 on competition regulation, which aims to promote...
Non-oil Activities Reached 50% of Saudi Arabia’s Real GDP in 2023
Non-oil activities in the Kingdom recorded their highest contribution to the Real GDP during the year 2023 at 50%, which is the highest historical...
More Economic Uncertainty on the Horizon
More than half (56%) of chief economists expect the global economy to weaken in 2024, with seven in 10 saying pace of geoeconomic fragmentation...
GCC Economies Witnessing a Golden Age of Progress and Growth
Regional economies are undergoing a positive cycle of improving competitiveness and growth amid higher oil revenues and economic reforms, Majid Jafar tells Davos
Region’s digital...
Commercial Relocation Gains Traction in UAE; Economy Soars
The UAE Anticipates 4.3% Economic Surge in 2024, Holds Firm at 3.9% Growth for Current Year
The UAE is witnessing a surge in commercial relocations,...
FAB Global Investment Outlook: High Interest Rates to Remain into 2024
FAB Global Private Banking client event outlined forces that will shape investment decision making into 2024.
Updates provide a window into economic pressures, interest rate...
12th Annual Investment Meeting Closed on a Positive Note
AIM attracted 10,313 visitors from 175 countries, who engaged in 281 sessions featuring 693 speakers.
The 12th edition of the Annual Investment Meeting 2023, held...
UAE Reports Impressive Economic Growth in 2022 So Far
During a UAE Cabinet meeting held at Qasr Al Watan Abu Dhabi, UAE rules revealed the economic progress of the country as reported by the...
World Economic Outlook 2022: Global Growth Downgraded
Global growth prospects have worsened significantly due to the combined effects of inflation, the war in Ukraine, and the lingering pandemic, the IMF announced...
FDI Inflows into UAE Grew 3.9% in 2021 to AED 76...
Total FDI balance in the country exceeds AED 630 billion with a growth of 13.7%
The foreign direct investment (FDI) inflows to the UAE recorded...
Middle East: Year in Review 2021
Higher oil prices helped Middle Eastern countries return to growth in 2021
Notwithstanding the rebound, some governments rolled out fiscal rationalisation plans
Business-friendly and social reforms...
Rapid Economic Growth, Improved Global Migration Are Propelling Middle East’s Real...
The Savills global living 2021 report focuses on the impact of global migration and post-pandemic trends on world cities with a GDP of USD...
GCC Economies to Grow 14.51 per cent in 2021
Citing IMF figures, GCC Countries Macroeconomic Indicators report notes region’s nominal GDP to reach USD 1.6 trillion this year.
COVID-19 vaccine rollout & upcoming mega...