UAE ranks third-most competitive economy in the region
The UAE ranks as the third-most competitive economy in the region after Qatar and Saudi Arabia, the latest study by Dubai Chamber of Commerce...
UAE Cabinet approves non-deficit Union Budget for 2013
The UAE Vice President and Prime Minister and Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, said today that health, education,...
Business licenses issued in Dubai rose 9% in July
Licenses issued by DED in July 2012 rises 9% to 1,426
The number of trade licenses issued by the Department of Economic Development (DED) in...
High Oil Prices will constrain Economic Growth
During the last century, cheaper oil prices gave a boost to global economic growth. However, during the last decade, prices for oil surged, and...
UAE 4th most financially stable country worldwide, World Economic Forum
The United Arab Emirates ranks 4th among 62 countries worldwide in terms of financial stability, according to the latest World Economic Forum Financial Development...
Global economy enters recession
According Credit Suisse Group, the financial services company, headquartered in Zurich, Switzerland since 1856, the short-run outlook for the global economy is gloomy and...
GDP, Oil Price, Inflation and Debt Restructuring
The Minister of Economy, Mr Sultan Al Mansouri, today made remarkable comments about the local economy during the launch of the UAE’s economic report...
First Global GovTech Platform Launched
More than half of governments globally seek to improve resilience and agility by modernizing core legacy applications.
The interactive data platform provides advanced analytics and...
Moody’s cuts growth forecasts for emerging economies
Moody's Investors Service on Thursday downwardly revised growth forecasts for Group of 20 emerging economies, citing a troubled external environment and weaker domestic demand....
UAE consumer prices decline 0.16% in February
On the path of Deflation?
The UAE's National Bureau of Statistics said in a statement that consumer prices in the country declined 0.16 percent...
Chairman of Swiss UBS considers outlook of UAE economy as ”promising”
Today, H.H. Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum received Mr. Kaspar Villiger, Chairman of Swiss UBS AG.
The meeting reviewed activities of the...
Dubai Economy Issues 4,692 Instant Licenses To Date
Registration of ‘Native’ workers can be completed through the Instant License
Instant License do not need the company’s lease and location for 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...
Dubai Holding, Meraas Unveil $272m Relief Package
Dubai Holding, a global investment holding company, and Meraas, Dubai’s premier developer and operator of lifestyle destinations, have announced the launch of an economic...
Revenues from UAE’s Federal Government Service Transactions Rose 4.2% in Q1...
The Ministry of Finance (MoF) announced that the federal government revenue collected through e-Dirham reached more than AED2 billion in Q1 2016, up 4.2...
Recessionary Sentiment Rose to 60% Globally
Though global consumer confidence remained stable in the first quarter with a one-point increase from the previous quarter, significant variation existed on a country-by-country...
UAE Economy Forecast to Grow by 3.8%
• New analysis on outlook for UAE and global economies released during recent business seminar at Dubai Chamber
• MENA region accounts for the largest...
GCC Countries Back on Path to Economic Growth
More reforms needed to achieve economic diversification and to improve competitiveness
Following a year of economic distress, Gulf Cooperation Council (GCC) economies are expected to...