Tag: Economy
Middle East Faces Significant Challenges to International Business
67% believe administrative processes of other countries are a barrier to opportunities
75% feel limited by the opportunities within the region at least...
Saudi Economic Transformation ‘Unstoppable’ Says BofA
Saudi Arabia’s economic transformation will be “unstoppable” and there has already been a positive shift in the Kingdom’s business culture, according to a top...
CNN’s Marketplace Middle East Uncovers DIFC’s Central Role
On this month’s episode of ‘Marketplace Middle East’, John Defterios interviews Arif Amiri, CEO of Dubai’s International Financial Centre Authority (DIFC), to discover more...
Business Activity in Dubai Improves; Jobs Creation Marginal
The improvements in the overall business conditions in Dubai’s non-oil private sector gathered steam in June, with the seasonally adjusted Emirates NBD Dubai Economy...
What Does Dubai’s Rising Cost of Living Mean for the City?
Dubai has long been a popular destination for tourists and mobile workers alike. With a strong economy and numerous opportunities for those looking for...
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...
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...
UAE GDP to grow more than 3.5 percent in 2015
Sultan bin Saeed Al Mansouri, Minister of Economy, said the Gross Domestic Product (GDP) of the UAE is predicted to grow more than 3.5...
Dubai is the gateway to wider the Middle East region
Ibrahim Mohamed Aljanahi, Deputy CEO of Jafza, the UAE’s flagship free zone entity, reiterated the strategic importance of Dubai as the hub to access...
World Bank trims Asia 2014 growth forecasts
The World Bank trimmed its 2014 growth forecast for developing Asia, but said the region's economies were likely to see steady growth in the...
UAE economy recovering, but debt remains a concern, IMF
The International Monetary Fund’s (IMF) 2013 Article IV Consultation with the UAE has concluded with a favourable economic overview. The IMF notes the UAE’s...
ADB cuts Asia growth estimates for 2013
The Asian Development Bank reduced its estimates forecast for 2012 and 2013 for the Asian region. That happened on Wednesday when the amount of...
Confidence about business in Dubai grows among exporters, manufacturers
DED survey shows confidence growing among exporters and manufacturers
Quarterly business survey reveals robust optimism leading to third quarter of 2012
Stronger optimism among exporters, manufacturers...
Dr. Doom: “We’re Not Even Close to a Robust Recovery”
Nouriel Roubini’s Euro-Zone ‘Endgame’ Scenario
Nouriel Roubini, the NYU professor nicknamed Dr. Doom for accurately forecasting the 2008 financial crisis, has just made this Euro...
“No new boom in Dubai, in my personal opinion”
Exclusive interview for DubaiChronicle.com
To predict an economy's direction may be almost impossible or the least a risky venture. Nevertheless, many research companies, market analysts...
Davos: U.A.E. to grow 4 percent in 2012, Al Mansouri
United Arab Emirates Economy Minister Sultan al-Mansouri talks about the outlook for the country's economy.