World Economic Outlook 2022: Global Growth Downgraded
Global growth prospects have worsened significantly due to the combined effects of inflation, the war in Ukraine, and the lingering pandemic, the IMF announced...
GCC Economic Growth Expected to Reach 2.5% in 2018
The Gulf Cooperation Council (GCC) region’s economy will grow near 2.5 percent in 2018, according to new forecasts from Moody’s Analytics, a leading provider...
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...
Oil prices to jump 10% on supply fears and strong demand
The International Monetary Fund forecast oil prices will gain 10 percent on average in 2012 compared with a year earlier on possible supply disruptions...
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...
Global economy slowing, could get worse
International Monetary Fund Managing Director Christine Lagarde warned the global economy was slowing. She said the situation could get worse, because Europe was not...
UAE and Saudi Arabia continues to grow despite lower oil prices
UAE new orders grow, and job creation hit three-month high in May’15
Saudi Arabia’s output and new orders expanded, but the growth rate eased
GCC consumers...
Mother’s Day in 2014
Mother's Day is an occasion which is marked in nearly every country. No matter where they live and no matter in what they believe,...
Biggest Scientific Findings of 2013
Not every year can be eventful when it comes to new scientific findings. That was the case with 2012. However, in 2013 the world...
The fiscal cliff is inevitable, what to expect?
Following prolonged automatic budget fixes, the celebration of 2013 it is expected to come along with enormous tax increase and huge spending cuts in...
Arab region most affected by climate change
Ahmed bin Mohammed Al Jarwan, the Speaker of the Arab Parliament, has said the parliament remains focused on the protection of the environment, which...
Dubai’s largest investor in education spread its wings towards Switzerland
Dubai-based investor in education plans to open Gems World Academy next year for hundreds of Etoy students in the canton of Vaud. The school will...
UAE Delegation attends World Bank-IMF Annual Meeting in Washington
A delegation from the UAE, headed by HE Obaid Humaid Al Tayer, Minister of State for Financial Affairs, will be taking part in the...
Global house prices edged higher in 2011
Global House Price Index could slip into negative territory during 2012
The property market in Brazil was the strongest performing globally last year, while Ireland...
A Billionaire disagrees, magazine strikes back
Who is more powerful - Forbes or Prince Alwaleed bin Talal?
Billionaires business owners and a number of ultra-successful entrepreneurs would be flattered to be...
Middle East Meddling: What chance America ‘gets out of the way’?
President Obama has issued an ultimatum to Syria's President Assad - to either lead democratic transition in the country or get out of the...
Green Moon wins 2012 Emirates Melbourne Cup
A world-class field of equine athletes, a show of royalty, celebrity guests, and opulent trackside hospitality combined to deliver a thrilling day of horse...
Riding out the storm: the economic implications of Brexit
The UK’s decision to leave the EU is the biggest political shock of our lifetime. It has already led to considerable volatility on financial...