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Dubai Future District Launch; AED1 Billion Fund to Drive New Economy

His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, today announced during the second Dubai Council’s meeting,...

Global Growth Outlook Stabilized; What’s ahead in 2020?

Global financial conditions have improved across the world, although rising debt levels pose a future threat. An uneasy cessation of trade hostilities between...

Ministry of Economy Plans for SME Sector For the Year 2020

The plan includes training programs to empower entrepreneurs; new channels to connect with global and regional markets; and extensive participations in specialized exhibitions The...

Outlook 2020: Global Growth Can Endure Over the Coming Year

Citi Private Bank today released its Outlook report for 2020, titled, “Staying Positive in a Negative (Yielding) World.” The twice-yearly publication provides in-depth insights...

Confidence in the Middle East Falling to its Lowest Level in...

A survey of more than 1,000 senior accountancy experts on economic conditions worldwide finds that global confidence in Q3 fell to its lowest level...

Consumer Spending in Islamic Economy Sectors Totals US$2.2 Trillion

Islamic economy registers 5.2 per cent growth over previous year UAE ranks first across five of seven Islamic economy sectors Investments in Islamic...

Dubai Economy Turns Future-readiness Focus to 3 More Emerging Sectors

Second Future Economy Lab workshops to bring together public and private sector stakeholders and academia to discuss Cashless Economy, Circular Economy, and Gaming...

Dubai Economy Grows 2.1% in H1 2019

Dubai's economy grew 2.1 percent YoY in H1-2019, with the emirate's GDP reaching AED 208.2 bn at constant prices in the first six months...

Businesses in Dubai Foresee Higher Revenues, Stronger Ground Ahead

• Business Confidence Index improves quarter-to-quarter and year-on-year • Large companies continue to maintain stronger projections Businesses in Dubai are confident of closing the year on...

Dubai Economy unveils R&D platform initiative to boost competitiveness

Portal will promote innovation partnerships between the industry and academia and enhance productivity in Dubai R&D collaboration to eventually bring financial benefits to...

UAE climbs three spots in Growth Promise Indicators report

The UAE ranked as high as 22nd from among 180 countries overall, and ahead of other Middle Eastern countries. The nation’s macroeconomic stability, openness,...

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...

Abu Dhabi GDP up 14.4% to AED 931 bn in 2018

Abu Dhabi's Gross Domestic Product, GDP, at current prices, increased by 14.4%, from AED 813.6 billion in 2017 to AED 931.0 billion in 2018,...

Expo 2020 Dubai to contribute AED122.6 billion to UAE economy

Expo 2020 Dubai and its legacy are expected to contribute AED122.6 billion of gross value added, GVA, to the UAE’s economy from 2013 to...

Unemployment, Governance Challenges, Energy Price Shocks Seen as Major Risks in...

New risk analysis by the World Economic Forum shows risk perception by regional business leaders focuses on economic, governance, and security issues Risks...

Double taxation agreement between UAE and Saudi Arabia comes into effect

The agreement enhances integration and cooperation frameworks in tax matters, and consolidation of financial, economic and investment partnership between the two countries It...

Dubai SME supports 4,227 entrepreneurs with incentive packages worth AED 101...

1,175 Emirati companies were established with support from Dubai SME in 2018 MBRF provided financial assistance worth AED 14 million to 18 companies ...

Top 10 risks to the global economy in 2019

The Economist Intelligence Unit (EIU) has compiled a list of what it regards as the top 10 global risks of 2019. It makes for...