GCC Economic Development and Outlook 2013
GCC nominal GDP reached about US$ 1.56 trillion in 2012, up from US$ 1.44 trillion in 2011; UAE economy to grow by 3.2% in...
Business confidence in Dubai soars on rebound in key sectors
Economic activity and outlook demonstrates stable growth and move towards sustainability
The economy of Dubai looks set to sustain its growth momentum with investor confidence...
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...
Number of business licenses issued in Dubai rose 6% in December...
The Dubai Department of Economic Development (DED) issued 1,372 various types of business licenses in Dubai in December 2012, a 6% increase from the...
Gulf population expected to increase by 30% in 7 years
Till 2020, the GCC population is expected to reach 53.5 million, a 30 % increase over the scale from 2000. In the same period,...
2013 Predictions: Global Economy to Stabilize
After 2010, the global economy continued its downturn and in 2012 it reached its lowest levels since decades. Many countries went into recession, including...
UAE GDP growth to hit 4.5% in 2012
The UAE's gross domestic product (GDP) growth is expected to reach 4.5 per cent by the end of the current year, surpassing last year's...
Global Economic Outlook 2013
The global economy still hasn’t stepped back on track after the financial crisis that erupted in 2008. In 2012, the global growth descends to almost 3%. This...
MENA economic growth up at 5.1 percent in 2012, IMF
The economic outlook for the Middle East and North Africa region is mixed. Most of the region’s oil-exporting countries are growing at healthy rates...
Dubai Consumer Confidence Index advanced above average
Consumers and business owners in Dubai have stepped into the final quarter of 2012 with renewed confidence and a brighter outlook on jobs and...
Dubai Business Confidence Index rose to 122 points in Q3
Dubai businesses buoyant on higher sales and volumes expected during winter 2012
Confidence rises on high demand and improved performance across key sectors
Businesses in Dubai...
UAE 4th most financially stable country worldwide, World Economic Forum
The United Arab Emirates ranks 4th among 62 countries worldwide in terms of financial stability, according to the latest World Economic Forum Financial Development...
UAE Cabinet approves non-deficit Union Budget for 2013
The UAE Vice President and Prime Minister and Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, said today that health, education,...
Doing business in UAE gets easier, but investors protection is a...
The annual report by the World Bank and IFC, Doing Business 2013, measures 185 economies on the ease of starting and operating a local...
ADB cuts Asia growth estimates for 2013
The Asian Development Bank reduced its estimates forecast for 2012 and 2013 for the Asian region. That happened on Wednesday when the amount of...
High Oil Prices will constrain Economic Growth
During the last century, cheaper oil prices gave a boost to global economic growth. However, during the last decade, prices for oil surged, and...
Dubai’s Consumer Price Index, Inflation Rate up in August
The overall Consumer Price Index (CPI) reached 116.86 in August 2012, and with comparison with the base year (2007 =100); it increase by 0.33%...
Moody’s cuts growth forecasts for emerging economies
Moody's Investors Service on Thursday downwardly revised growth forecasts for Group of 20 emerging economies, citing a troubled external environment and weaker domestic demand....