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Global economic prospects remain subdued and fraught with uncertainty, according to the latest Chief Economists Outlook released this month.

More Economic Uncertainty on the Horizon

More than half (56%) of chief economists expect the global economy to weaken in 2024, with seven in 10 saying pace of geoeconomic fragmentation...
Gulf Cooperation Council economies are experiencing growth and development supported by positive reforms, higher oil revenues, and falling interest rates.

GCC Economies Witnessing a Golden Age of Progress and Growth

Regional economies are undergoing a positive cycle of improving competitiveness and growth amid higher oil revenues and economic reforms, Majid Jafar tells Davos   Region’s digital...

Commercial Relocation Gains Traction in UAE; Economy Soars

The UAE Anticipates 4.3% Economic Surge in 2024, Holds Firm at 3.9% Growth for Current Year The UAE is witnessing a surge in commercial relocations,...
First Abu Dhabi Bank has partnered with the Abu Dhabi Residents Office (ADRO) to offer UAE Golden Visa holders exclusive mortgage and deposit products.

FAB Global Investment Outlook: High Interest Rates to Remain into 2024

FAB Global Private Banking client event outlined forces that will shape investment decision making into 2024. Updates provide a window into economic pressures, interest rate...
The 12th edition of the Annual Investment Meeting 2023 came to a grand close, with insightful discussions, engaging exhibitions, and fruitful networking sessions.

12th Annual Investment Meeting Closed on a Positive Note

AIM attracted 10,313 visitors from 175 countries, who engaged in 281 sessions featuring 693 speakers. The 12th edition of the Annual Investment Meeting 2023, held...

UAE Reports Impressive Economic Growth in 2022 So Far

During a UAE Cabinet meeting held at Qasr Al Watan Abu Dhabi, UAE rules revealed the economic progress of the country as reported by the...

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...

FDI Inflows into UAE Grew 3.9% in 2021 to AED 76...

Total FDI balance in the country exceeds AED 630 billion with a growth of 13.7% The foreign direct investment (FDI) inflows to the UAE recorded...

Middle East: Year in Review 2021

Higher oil prices helped Middle Eastern countries return to growth in 2021 Notwithstanding the rebound, some governments rolled out fiscal rationalisation plans Business-friendly and social reforms...

Rapid Economic Growth, Improved Global Migration Are Propelling Middle East’s Real...

The Savills global living 2021 report focuses on the impact of global migration and post-pandemic trends on world cities with a GDP of USD...

GCC Economies to Grow 14.51 per cent in 2021

Citing IMF figures, GCC Countries Macroeconomic Indicators report notes region’s nominal GDP to reach USD 1.6 trillion this year. COVID-19 vaccine rollout & upcoming mega...

UAE Announces ‘The Principles of The 50’ to Pave Economic, Political...

The UAE announced ‘The Principles of the 50’, as part of the ‘Projects of the 50’ campaign, to chart the strategic roadmap for the...
Ministry Of Economy & The Licensing Authorities Begin Issuance Of Written Warnings To Establishments Violating UBO Procedures

GCC Countries Back on Path to Economic Growth

More reforms needed to achieve economic diversification and to improve competitiveness Following a year of economic distress, Gulf Cooperation Council (GCC) economies are expected to...

UAE Economy on Track towards Recovery in 2021

Federal Competitiveness & Statistics Centre reveals preliminary results of economic performance in 2020 The UAE economy performed better than expected in 2020 despite the current...
Aberdeen Standard Investments

GCC Economic Recovery Uneven across Different Industries

“The IMF report predicts real GDP growth in MENA to pick up to 4% this year, which is significant improvement on the 3.2% it...
The UAE’s Special Industrial Zones Vital Incubators For Innovation

UAE’s Special Industrial Zones Vital Incubators for Innovation

The UAE is headed towards an exciting new phase of sustainable economic growth – one that is driven by an enhanced, technologically advanced and...

UAE Economy Projected to Grow by 2.5%, 3.5% in 2021, 2022:...

The Central Bank of the UAE projects real GDP to recover to positive growth of 2.5% in 2021, with non-oil GDP growing by 3.6%...

Redefining The GCC Economic Future

Emerging signs of economic diversification into future-proof sectors bode well for GCC economies and MENA investors long-term. The long-term outlook for MENA based investors looks...