UAE delegation participates in the spring meeting of IMF and the...
The UAE’s delegation, headed by HE Obaid Humaid Al Tayer, Minister of State for Financial Affairs, took part in the Spring Meeting of the...
Dubai Economy Asks Businesses Not to Hike Prices Ahead of VAT
The Commercial Compliance & Consumer Protection (CCCP) sector in Dubai Economy has called on retailers in Dubai not to use the VAT (value added...
Recessionary Sentiment Rose to 60% Globally
Though global consumer confidence remained stable in the first quarter with a one-point increase from the previous quarter, significant variation existed on a country-by-country...
China slowdown not solely responsible for market volatility
The slowdown in the Chinese economy is one factor contributing to global market volatility
Investors and economists everywhere are worried about the interest rates of...
Global Economy Outlook “Cautiously Optimistic”, Financial Leaders Say
Despite the recovery, risks are present and 2014 may be a year of volatility
The agenda for 2014 is to complete financial reform
The outlook for...
Price of milk products to be reduced by 15 per cent...
Following discussions with the UAE Ministry of Economy, Nestle has agreed to reduce the prices of milk products by 15% starting from today January...
Business Confidence in Middle East Continues to Fall
Global economic confidence has improved slightly this quarter, despite lagging confidence in the Middle East and the Americas.
According to the latest Global Economic Conditions...
UAE’s Progress Towards Greener Economy Measured by International Standards
The 2014 Global Green Economy Index (GGEI) revealed that UAE' economy is the greenest in the Middle East. However, on a more global scale,...
World Bank cuts global economic forecast for 2016
Souring prospects in the world’s largest emerging markets are darkening an already cloudy outlook for the global economy, the World Bank said on Wednesday, as it cut the...
IMF: UAE economy maintains strong growth due to prudent financial policies
While oil-exporting countries face significant challenges as result of global economic turbulence and falling oil prices; the UAE continues to achieve new levels of...
Developing East Asia to continue driving global economy in 2014
Changing global outlook highlights need for structural reforms to sustain growth and share prosperity
Developing East Asia is expanding at a slower pace as China...
UAE to Become Open Global Laboratory to Fashion the Future of...
· The World Economic Forum’s second Annual Meeting of the Global Future Councils opened today
· The internet of things will contribute $10-15 trillion to...
Dubai’s Business Confidence Index Declines due to Summer Slowdown
Quarterly business confidence survey shows businesses preparing to expand and upgrade technology
Robust expectations among manufacturing firms and construction-related activity had continued to support overall...
More than half people worldwide believe there is a recession
More than half (55%) of respondents around the world believed they were in recession in the fourth quarter of 2015, a modest increase from...
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...
IMF Forecasts Slow Growth in Developing Nations
The International Monetary Fund warned on Tuesday about persistently slow growth in developing economies. These countries will not soon regain the high rates of...
Abu Dhabi Economic Outlook – Solid & Sound
Gradual fiscal consolidation is bringing the Abu Dhabi central government fiscal oil break-even price lower, after the spike due to exceptional support to 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...