Recession or Depression?
A recession is defined to be a period of two quarters of negative GDP growth. By definition is a national or world event and...
The Ruler of Dubai sets up Support Fund
Vice President and Prime Minister of the UAE H. H. Sheikh Mohammed bin Rashid Al Maktoum has issued in his capacity as Ruler of...
National plan to develop small and medium businesses
His Excellency Sultan Bin Saeed Al Mansouri, UAE Minister of Economy, said the Ministry will be the federal authority responsible for developing the small...
Al Mansouri Leads UAE Economic Delegation to South Korea
His Excellency Sultan Bin Saeed Al Mansouri, Minister of Economy, will lead UAE’s delegation to South Korea, to participate in the 2nd...
Economy faces New Recession
The U.S. economy is headed for another recession that government intervention cannot prevent, according to the Economic Cycle Research Institute. Such downturns will occur...
A few thoughts on global economic recession 2016
Global economic recession is not just a terminology at which you have glimpsed while browsing social media on your smartphone. It is rather a disturbing...
Dubai inflation increased 0.9 percent in February
Dubai inflation rose 0.9 percent on an annual basis in February. Food and transportation costs increased from the previous month, according to data from...
Dubai Economy Grew 2.7% in 2016; Expected to Rise to 3.1%...
The economy of Dubai grew by 2.7% in real terms in 2016 despite declining oil prices, sluggish growth in developed as well as many...
Business Conditions in Dubai Improve After Summer Slump
Emirates NBD Dubai Economy Tracker: September Data Signals Improvement In Business Conditions In Dubai’s Non-Oil Private Sector
September data signalled a sharp improvement in business...
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,...
UAE Consumer Confidence at ‘All-time High’
Consumers in the UAE are more optimistic than ever before, according to the recently released 'MasterCard Index of Consumer Confidence'. The survey reveals that...
Outlook on few Government-related entities negative on deteriorating economic outlook
Dubai's long-term economic prospects remain solid
GDP growth will slow to around 6% in 2009
Standard & Poor's Ratings Services said it revised its outlook...
Dubai Government announces new pricing mechanism for Government services
1. Initiative to be introduced shortly under direction of His Highness Sheikh Mohammed Bin Rashid Al Maktoum
2. Pricing mechanism developed on scientific basis to...
Business Confidence in Dubai Improves on Stronger Demand
Businesses in Dubai are more upbeat about the final quarter of 2017 compared to the previous quarter, driven by increased demand during the winter...
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...
UAE Consumer Confidence Index Decreased for 2nd Consecutive Quarter
United Arab Emirates (UAE) consumer confidence decreased one point to a score of 107 from the second quarter—the second consecutive quarter of declines and...
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...
62% of UAE employees believe their income is not balanced with...
The latest results from the recent Consumer Confidence Index survey carried out by Bayt.com, the Middle East's number one job site, and research and...