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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...
Will The Coronavirus Crisis Push Property Prices Lower?

Dubai Economy Expected to Grow ‘3 to 4%’ in The Year...

The Dubai economy is expected to grow by 3 to 4 percent in the 2017-2018 period, Hamad Buamim, President and CEO of Dubai Chamber...

UAE Non-oil Growth Accelerates in October

The seasonally adjusted Emirates NBD UAE Purchasing Managers' Index, which covers manufacturing and services, rose to 55.9 in October from 55.1 in September. Above...

IMF Forecasts UAE Growth To Triple In 2018

The International Monetary Fund expects the United Arab Emirates’ economic growth to nearly triple next year as the country’s capital Abu Dhabi, benefits from...

IMF Sees Limited Impact of VAT on UAE Economic Growth

On July 7, 2017, the Executive Board of the International Monetary Fund (IMF) concluded its latest assessment of United Arab Emirates economic outlook. Economic performance...

IMF Raises 2017 Outlook for Global Economic Growth

The International Monetary Fund has raised its outlook for global economic growth, citing a post election surge in confidence in the United States, better...

Dubai Year in Review 2016 – Plenty of Opportunities

While low oil prices weighed heavily on many of Dubai’s trading partners and neighbours, the emirate delivered a strong economic performance in 2016, buoyed...

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...

IMF revises GCC countries’ GDP growth forecast to 1.8%

The International Monetary Fund revised once again its projection about the economic growth in the GCC countries. The latest estimate for 2016 has been...

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...

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...

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...

IMF cuts global growth forecast

The International Monetary Fund once again cut its outlook for the global economy, warning Tuesday that economic turmoil in China and financial contagion throughout...

2016 Markets Outlook: Return of Value Investing

Glass Half-Full: Bullish on Stocks, Not Sectors; Year of Modest Global Growth: U.S. Grows, China Slows and Brazil Contracts; More Volatility as Monetary Policies Diverge, Rates...

UAE ranks 30th globally in 2015 Prosperity Index

The United Arab Emirates rank 30th globally in the 2015 Prosperity Index, having fallen by two places since last year. The country' best performance is...

UAE marks 44th National Day; Reports on Progress

On the occasion of the 44th National Day of the United Arab Emirates, the National Media Council has issued the following report. The United Arab...

IMF Managing Director Christine Lagarde Discusses Economic Challenges with GCC Countries

Ms. Christine Lagarde, Managing Director of the International Monetary Fund (IMF), issued the following statement today at the conclusion of a meeting in Qatar...

US Monetary Policy Normalization Woud Have Neutral Impact on GCC, IMF

How U.S. Monetary Policy Normalization Would Affect the Middle East In its most recent regional economic outlook report, the International Monetary Fund states that GCC...