Dubai Poised For Rapid Contactless Economy Growth
Dubai Internet City business partners driving mass adoption of contactless payment technologies in the region.
Visa’s innovation centre at Dubai Internet City supports the company’s...
Economic Recovery Will Take Two Years, Experts at ABLF Talks
The Fifth Virtual Conclave of the ABLF Talks saw participation by Chairwoman of UAE Space Agency H.E. Sarah bint Yousef Al Amiri, hospitality magnate...
Effective June 1st, UAE Commercial Companies Law allows 100% Foreign Ownership
UAE Ministry of Economy announced that the amended Commercial Companies Law will come into effect on June 1st, 2021, allowing foreign investors and entrepreneurs...
DBWC, DED Collaborate on Supporting and Empowering Women Entrepreneurs
The Dubai Business Women Council (DBWC) has signed a memorandum of understanding with the Department of Economic Development (DED) with the aim of enhancing...
UAE Economy on Track towards Recovery in 2021
Federal Competitiveness & Statistics Centre reveals preliminary results of economic performance in 2020
The UAE economy performed better than expected in 2020 despite the current...
Rollout of Vaccines Puts Huge Uncertainty around All Economic Views
The end of the past financial year has been interesting in terms of what has happened within markets as well as between markets. At...
GCC Economic Recovery Uneven across Different Industries
“The IMF report predicts real GDP growth in MENA to pick up to 4% this year, which is significant improvement on the 3.2% it...
World Free Zones Organization to Boost Free Zones’ Role in Global...
New ‘Free Zone Laboratory’ designed to develop free zone operations led by industry experts. In a first of its kind initiative aimed at empowering free...
IMF: Global Financial Stability Report April 2021 Forecast
The global economy is finally emerging from the worst phases of the COVID-19 pandemic, although with prospects diverging starkly across regions and countries, the...
World Economy to Return to Pre-Pandemic Output in 2021
The OECD released its latest interim Economic Outlook report, providing us with an updated look at the pandemic’s impact on the world economy. Striking...
Consumer Confidence in Dubai Highest since 2015
The first quarter of 2021 saw consumer confidence in Dubai rising to its highest level since the second quarter of 2015, according to the...
UAE Economy Projected to Grow by 2.5%, 3.5% in 2021, 2022:...
The Central Bank of the UAE projects real GDP to recover to positive growth of 2.5% in 2021, with non-oil GDP growing by 3.6%...
GCC Consumer Confidence Out Performs that of G8 Nations
The GCC is among the most optimistic regions in the world with KSA leading globally in consumer confidence despite the Covid-19 pandemic
The GCC is...
A New Dawn for Emerging Markets?
Those betting on emerging markets (EMs) to outperform have often been disappointed. Despite strong growth and supportive demographic and consumer trends, EM equity returns...
Tech-Led Strategies for Economic Recovery
Leaders and industry experts joined the conclave for a discussion on the burning topic of transformative leadership and the road ahead for an economic...
Dubai’s Consumer Confidence Index Highest Since 2017
Dubai saw its Consumer Confidence Index during the last quarter of 2020 rising to the highest level since the third quarter of 2017, said...
Arab Petroleum Investments Corporation Highlights Economic Opportunities, Challenges for MENA Countries...
Arab Petroleum Investments Corporation (APICORP) highlights the economic opportunities and challenges for MENA countries under COVID-19These opportunities include bringing production closer to consuming markets...
Fitch Rates UAE Outlook Stable ‘-AA’
Fitch Ratings Inc., the US credit rating agency, has rated the federal government of the UAE at -AA with a Stable Outlook.
The move reflects...