IMF Cuts Global Growth Forecasts

An unexpected decline in output in the United States prompted the International Monetary Fund to lower the global growth forecast for this year. In...

Optimism about Business in Dubai at 19- month high in June

A robust expansion in business activity and order growth was recorded in Dubai during the month of June, although the pace of growth was...

UAE economy today is much better than yesterday

Current situation of the UAE economy is much better than that of last year according to the International Monetary Fund (IMF), Governor of UAE...

DED to launch comprehensive business registration guide for investors in Dubai

The Business Registration and Licensing Division at the Dubai Department of Economic Development (DED) will issue a comprehensive guide on the various procedures relating...

UAE among world’s 25 Rapid Growth Markets

25 Rapid Growth Markets (RGMs) to grow by an average of 6.2% this year and by 5.9% in 2012, compared with 1.6% growth for the Eurozone this year falling to 0.6% next year.

UAE economic fundamentals provide cushion against crisis

The diverse vibrant and resilient fundamentals of the UAE economy have provided strong cushion against the adverse implications of the world financial crunch, H.H....

BAS-ML Economics – Global Economic Weekly: Too early to withdraw the...

Summerized bellow is a recent Banc of America Securities-Merrill Lynch research report titled, "BAS-ML Economics - Global Economic Weekly: Too early to withdraw the...

Retailers to stop charging surcharge on credit card usage from July...

His Excellency Sultan Bin Saeed Al Mansoori, Minister of Economy and Chairman of the Supreme Committee for Consumer Protection, has instructed retailers to stop...

UAE Consumer Confidence at 108: Highest in Middle East

Middle East / Africa confidence declined two points to 94, as spending and personal finance sentiment dropped. UAE Consumer Confidence declined seven index points in...

New Draft Law on UAE Companies approved

The UAE Cabinet on Sunday approved the new draft law on companies, which aims to enhance the flexibility and strength of the national economy

Emirates Cooperative Society offers up to 50% reductions during Ramadan

Emirates Cooperative Society has announced it is launching promotion campaign to sell 180 basic commodities with 50 per cent reduction from Thursday, July 21-...

Global Growth on the Rise but Risks Remain, Predicts IMF

IMF projects global growth at 3.7 percent in 2014, rising to 3.9 percent in 2015 Growth pickup stronger in advanced economies; higher external demand to...

UAE the Best Arab Country for Starting New Business

The United Arab Emirates was found to be the best Arab country for starting new business and investment projects. That conclusion was made by...

Biggest ever Brainstorming on the Global Agenda ends with call for...

1. In the wake of the global financial crisis, the world needs to examine its basic operating systems and aim for a “fundamental reboot”,...

Sri Lanka Business Council event highlights investment opportunities in Sri Lanka

The Sri Lanka Business Council (Dubai & Northern Emirates) hosted a successful dinner and networking event last week to discuss investment opportunities and to...

Business activity in Dubai improves with no increase in employment

The index - a composite indicator designed to give an accurate overview of operating conditions in the non-oil private sector economy - has now...

UAE-Spain committee concludes first meeting in Madrid

The UAE Minister of Economy His Excellency Sultan Al Mansouri, and His Excellency Miguel Sebastian, Minister of Industry, Tourism and Commerce, issued a joint...

Prices of basic commodities up by 12.43 percent

Figures from Abu Dhabi's Department of Planning and Economy (DPE) have revealed that prices of basic commodities went up by 12.43 percent between June...