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Dubai Government Agencies To Cut Spending, Freeze Hiring

Dubai Government Agencies To Cut Spending, Freeze Hiring

In response to the coronavirus outbreak, Dubai’s department of finance has directed all government agencies to slash capital spending and halt new hiring until...

Dubai Economy Fines 14 Merchants For Hiking Face Mask Prices

Dubai Economy has imposed fines on 14 merchants, including nine pharmacies in Nad Al Hamar, Al Mizhar, Nad Hessa, Sheikh Zayed Road, Hor Al...

Most UAE Professionals Expect Long Recovery After Covid-19 Pandemic

The number of working residents claiming the pandemic has impacted their businesses has increased considerably over the past weeks YouGov’s latest data from the second...

Dubai Economy Fines Pharmacies For Tampering With Prices Of Hygiene Essentials

The Commercial Compliance & Consumer Protection (CCCP) sector in Dubai Economy has imposed fines on three pharmacies, in Jumeirah, Al Khawaneej and Mirdif, for...

Dubai Economy Reveals Details Of Closing Down Commercial Establishments, Activities

Dubai Economy has directed commercial establishments in the emirate to close down for two weeks starting today in line with the preventive measures announced...

Economic Impact of COVID-19 Around The World

UK to pay up to 80% of employee wages for those unable to work due to the pandemic. US lawmakers continue negotiations over...
Global Recession

Severe Global Recession in H1 of 2020, Economists Consensus

A new research note from Deutsche Bank says that in the first half of 2020 the world will experience a “severe global recession”. Also according...

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...

Dubai CPI Down By 1.20 In February 2020: DSC

The annual Consumer Price Index, CPI, rate in the Emirate of Dubai dropped by 1.20 percent in February 2020 compared to the same period...

Dubai Launches $400 Million Economic Stimulus Package for Next 3 Months

Under the directives of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, Crown Prince of Dubai...

The Impact of Corona on GCC and The Global Economy

The GCC economy depends heavily on revenues from the sale of oil and its derivatives on the world market. Complicating the situation, the GCC...

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...

New UBS Report Reveals Key Factors for Emerging Markets Competitiveness

UAE economy on a recovery path thanks to ongoing fiscal stimulus measures, spending related to hosting Dubai Expo 2020, rate cuts, and continuing diversification...

Water Conservation Efforts Double in GCC due to Rising Population, Economic...

Region’s desalination capacity to increase by 40 per cent in next five years More than half of the world's total desalination output originates...

More Than Half Of UAE Residents Feel Expo Will Boost Country’s...

A large majority is likely to attend it and most people are excited to experience ‘innovation’ at the mega event As Dubai is set to...

Economy Diversifies to Boost Growth in 2020

A survey of nearly 440 senior accountancy experts on economic conditions in MESA showed a recovery in confidence in Q4. A revival in growth...

Giant Leaps Forward for Future World Capital of the New Economy

The Government of Dubai kicked off the new year with announcements on major plans for global promotion strategies for the emirate as an investment...

How to Achieve Growth in the Middle East and North Africa

A thriving private sector is essential to drive sustainable economic growth. Economic integration will make MENAP a more competitive region. Selective deregulation, free...