IMF Lowers 2013 MENA Growth Forecasts
Mideast Faces Lower Growth Prospects, Needs Bold Policies, indicates IMF Survey
Most oil exporters enjoy solid non-oil growth, but must strengthen budgets
Outlook of oil importers...
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...
Bahrain to Implement VAT Effective 1 January 2019
The parliament in Bahrain has today approved the introduction of Value Added Tax (VAT) which will be effective starting 1 January 2019 at the...
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...
IMF updates economic outlook for MENAP
IMF expects GCC to continue to be regional growth driver with GDP growth projected at 5.3% in 2012
Continued growth across the MENA region in...
Sri Lanka Business Council event highlights investment opportunities in Sri Lanka
The Sri Lanka Business Council (Dubai & Northern Emirates) hosted a successful dinner and networking event last week to discuss investment opportunities and to...
Businesses in Dubai foresee rising demand and higher profits in Q2...
Businesses in Dubai are confident of growth trends continuing to the second quarter of 2013, shows the quarterly business confidence survey conducted by the...
‘New Normal’ Productivity Spells Uncertainty for Global Economy
The Global Competitiveness Report 2015-2016 finds countries need higher productivity to address sluggish global growth and persistent high unemployment
Failure to boost competitiveness is compromising...
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....
UAE Optimistic For 2018 Despite Expecting VAT To Be A Challenge
New YouGov Omnibus research has found that despite expecting VAT to be a challenge in the UAE, residents are largely optimistic for the year...
MoE discusses measures to strengthen UAE-German business
His Excellency Sultan Al Mansouri, the UAE Minister of Economy, received in his office in Dubai, His Excellency Jürgen Reinholz Thuringian, Minister of Economy,...
What Does Dubai’s Rising Cost of Living Mean for the City?
Dubai has long been a popular destination for tourists and mobile workers alike. With a strong economy and numerous opportunities for those looking for...
Supreme Committee for Consumer Protection discusses measures to manage food...
Committee works to uphold customer interests
His Excellency Sultan Bin Saeed Al Mansouri, Minister of Economy and Chairman of the Supreme Committee for Consumer Protection,...
Current Backdrop in Inflation could trigger Hyperinflation in two years from...
The latest BofA Merrill Lynch Global Research report, titled “BofA ML Economics – Global Economic Weekly: Cooling Core†dated 8 March, authored by the...
UAE economic fundamentals provide cushion against crisis
The diverse vibrant and resilient fundamentals of the UAE economy have provided strong cushion against the adverse implications of the world financial crunch, H.H....
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...
UAE in 2011
The UAE will see growth in all sectors next year, including banks, real estate and tourism.
The industrial sector is expected to record high growth...
Statement from HH Sheikh Ahmad bin Saeed Al-Maktoum on Dubai World...
"Dubai World has today announced that headline economic terms for its restructuring have been agreed in principle with the Coordinating Committee, accounting for a...