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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...

Emaar Chairman hails announcement by Supreme Fiscal Committee

Following the announcement today by the Dubai Supreme Fiscal Committee that the Government of Abu Dhabi will provide US$10 billion to the Dubai...

Dubai Economy Asks Businesses Not to Hike Prices Ahead of VAT

The Commercial Compliance & Consumer Protection (CCCP) sector in Dubai Economy has called on retailers in Dubai not to use the VAT (value added...
The UAE will set up a task force to create a next-generation economy structure for 2050-2060.

UAE To Create New Task Force for Digital Economy

Task Force working on next economy structure, GITEX GLOBAL Leaders Vision hears Emirates Venus & Asteroid Space Mission looks for 50% private sector upstream development The...

No more discounted fines for businesses in Dubai

DED says June 30 last date to make use of discounted fines on business establishments The Department of Economic Development (DED) in Dubai has reminded...

UAE’s Consumer Price Index Down in February 2013

The overall Consumer Price Index (CPI) dropped 0.15% to 117.24 in February from 117.41 in January 2013, and with comparison with the base year...

UAE among Top 10 on Global Consumer Confidence Index

The United Arab Emirates was among the top 10 countries worldwide in terms of consumer confidence, according to The Nielsen Global Consumer Confidence Index

US Central Bank should delay rate increase until 2016 as global...

The International Monetary Fund said that it plans to downgrade its global growth outlook for the year, despite it is already at its slowest...

Merrill Lynch Fund Manager Survey finds Economic Optimism

Highest since 2003 as investors put cash to work Questions over imbalances in early stages of recovery Investor optimism about the global economy has soared...

Dubai real growth forecast: 2.1% in 2019, 3.8% in 2020, and...

Government-led policy initiatives and investments, improved growth prospects in trading partners, and preparation to host Expo 2020 Dubai are providing increased private sector credit...

Dubai’s economic activity growth slowest in five years in October

Business activity in Dubai expanded at the slowest pace since February 2010, according to the latest Dubai Economy Tracker from Emirates NBD. The output index...

Dubai may open up business for Gulf residents

DED committee to study allowing GCC nationals to form foreign partnership firms without locals The Department of Economic Development (DED) in Dubai has formed a...

Small Businesses in UAE to face more difficulties in 2016

UAE-based small and medium enterprises struggled to raise and collect money during the last quarter, pushing plans to recruit, launch products or open new...

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”,...

“Just a little inflation” does not exist

Some people think that a little inflation is all the economy needs to break out of the doldrums. However, what they don’t realize is...

Dubai set up a $5 billion Euro Medium Term Note Program

Dubai set up a $5 billion Euro Medium Term Note Program. Dubai Government hired Emirates NBD PJSC, National Bank of Abu Dhabi PJSC, UBS AG,...

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...

Dubai sees 17 % increase in trade licenses issued in Q2...

The total number of trade licenses issued by the Dubai Department of Economic Department (DED) during the second quarter of 2012 reached 4,499, a...