UAE banks outperform GCC peers as economy's growth boosts profits
Banks in the Emirates, Saudi Arabia and Qatar are geared positively towards rising interest rates, Fitch says
September 29, 2023, 11:32 AM
Saudi Arabia’s domestic demand to keep non-oil growth at 5% in 2023, IMF says
Labour market reforms, digitalisation and improvements in the regulatory and business environment are driving economic transformation
September 29, 2023, 7:48 AM
IMF approves $1.32 billion resilience loan for Morocco
New lending facility funds will help the country address climate change and boost its preparedness against natural disasters
September 29, 2023, 7:02 AM
Saudi Arabia's unemployment rate drops further to 4.9% in second quarter
Figures show a continuing trend of increased work participation
September 28, 2023, 11:34 AM
Expanding female workforce can boost emerging and developing economies' GDP by 8%
Countries are missing out by not tapping women’s potential during the weakest medium-term economic growth outlook in more than three decades, IMF says
September 28, 2023, 9:43 AM
UAE economy to expand 4% in 2024 on non-oil sector growth, S&P says
Influx of tourists, government initiatives and technological advancements will spur economic growth, rating agency says
September 27, 2023, 7:39 AM
Mena start-ups raise $643m in late-stage funding to outpace global figures
Investments in the first half of 2023 result in a 20% annualised growth since 2018, compared to a 49% decline globally
September 27, 2023, 3:30 AM
Dubai government reduces public debt by Dh29 billion
Achievement comes within 16 months of the establishment of the Public Debt Management Office
September 26, 2023, 4:58 PM
US consumer confidence declines as recession fears grow
Higher prices, elevated interest rates and politics all factoring in consumers' anxieties
September 26, 2023, 3:05 PM
UAE envoy to UK says talks on GCC-wide free trade deal 'progressing well'
Mansoor Abulhoul, UAE ambassador to the UK, encouraged by the prospect of closer trading ties
September 26, 2023, 12:54 PM
Single visa for GCC states would simplify regional travel, UAE Minister of Economy says
Development of tourism is a major aim of Middle Eastern nations, especially the six-member economic bloc
Travel and Tourism
September 26, 2023, 10:46 AM
Lebanon inflation surged in August amid stalled reforms and no president
Consumer price index was about 1 per cent higher than July
September 26, 2023, 9:52 AM
Yanis Varoufakis's new book argues capitalism has mutated into technofeudalism
The former Greek finance minister explains how 'capital has mutated into cloud capital', demolishing profit and markets
September 26, 2023, 7:15 AM
Why is the US Fed so hawkish after interest rate pause?
Policymakers are pushing back against expectations for easier monetary policy next year
September 26, 2023, 3:00 AM
Developing countries need new reforms to boost growth and curb emissions, IMF says
Fresh policies on management, business regulation and trade can raise economic output by up to 8% in four years while supporting decarbonisation efforts
September 25, 2023, 1:00 PM
SAL Saudi Logistics Services IPO: cargo company may raise as much as $678m
Shareholders in the cargo company Saudi Arabian Airlines and Tarabot Air Cargo Services are selling 24 million shares equivalent to a 30 per cent stake
September 25, 2023, 7:49 AM
What JP Morgan’s bond index inclusion means for India and its economy
The move could attract more foreign investments into bonds, strengthen the rupee and improve the country’s credit rating, experts say
September 25, 2023, 5:30 AM
GCC sovereign wealth funds' assets under management grow to $3.6 trillion
The figure represents about 33% of the world’s SWF assets, the largest share of any region in the world, report says
September 25, 2023, 4:00 AM
UAE corporate tax: Will official lunch and dry-cleaning expenses be deductible?
The law allows deduction of costs that are required in the conduct of business
September 25, 2023, 3:30 AM
Start-ups will help the UAE double its GDP by 2031, Ministry of Economy says
Future 100 initiative joins hands with 25 partners to enhance the future readiness of SMEs
September 24, 2023, 9:13 AM