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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...

UAE and Saudi Arabia continue to witness stable economic activity

The latest Crédit Agricole Private Banking research report, ‘Macro Comment – MENA Update’, observed that the UAE and Saudi Arabia continue to witness stable...

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...

Dubai’s Economic Growth Slowed by Low Oil Prices

The outlook for Dubai’s economy remains positive, although there’s been a deceleration in growth in some industries after the oil prices fall, observed BofA's...

IMF cuts global growth outlook for 2015

The International Monetary Fund lowered by 0.3 percentage points its forecast for global economic growth in 2015. The organization called for governments and central...

A Few Reason for Investors in Dubai Not to Worry about...

The continuous decline in oil prices casted doubts on the GCC governments’ ability to sustain the planned level of spending in 2015. Western media...

Dubai enters into 2015 with an increased budget to stimulate economic...

Dubai's budget for the year 2015 was approved based on a set of core principles, namely: - 41 billion dirhams, up 9% from the...

UAE – Most Prosperous Country in MENA

The 2014 Legatum Prosperity Index was just released. This year, the research examines prosperity of 142 countries by taking into account 89 variables. UAE...

Sustained economic growth in the UAE and Saudi Arabia

The latest Crédit Agricole Private Banking research report, ‘Macro Comment – Eastern Promises: MENA Update’, noted that there is sustained economic growth in the...

The World Still Pessimistic about Economic Growth

Almost six years after the global recession, economies are on a slow path to recovery, but public opinions show dissatisfaction. A new survey found...

GCC Annual Real GDP Growth 4-7% Until 2020, Report

Annual Real GDP Growth forecasts for MENA countries are roughly unchanged Reflecting new insights into potential economic growth, BofA recently upgraded the long-term growth outlook...

Emerging Markets Economic Growth Slowed in April

Economic growth in the emerging markets slowed in April to its lowest level since September 2011, according to the latest HSBC Emerging Markets Index...

MENA economic growth up at 5.1 percent in 2012, IMF

The economic outlook for the Middle East and North Africa region is mixed. Most of the region’s oil-exporting countries are growing at healthy rates...

Gold, silver, crude oil turning bearish

Gold and silver futures slumped Wednesday as the euro weakened, prompting a rally for the US dollar. Euro dropped to a three-week low against...

Dubai 2011 economic growth seen at around 4 percent

Dubai's economy should grow by up to four per cent this year helped by a recovery of trade and logistics sectors, Mohammad Lahouel, chief...