Dubai skyline

Dubai sets limits to starting state-related entities

Additional state-related firms will only be created to fulfill a national security requirement or a strategic government need

Volkswagen postpones decision on $1.4bn Turkey car plant

The planned Turkey investment would expand the world’s biggest carmaker’s total number of factories worldwide to 123

Is the world economy sliding into the first recession since 2009?

Here are the arguments for and against worrying about a global recession in 2020

World Bank lowers Middle East growth projections for 2019

Growth in 2019 expected to be 0.6 per cent, down from previous estimate of 1.4 per cent

UAE remains ‘most competitive’ economy in Arab region – WEF report

The UAE has moved up the rankings by two spots and ranks 25th worldwide

Watch: UAE work permits can now be issued in two days

Ministry of Human Resources and Emiratisation announcement comes amid GITEX Technology Week

Revealed: The world’s best workplaces

Several companies with significant UAE and Saudi Arabian operations make the list

Dubai’s non-oil foreign trade surges in first half of 2019

Non-oil foreign trade is up five per cent compared to the same period in 2018 – and 87 per cent since 2009

UAE private sector added 40,000 new jobs in Q2

The total number of private sector workers in the country grew to 5.1 million in the second quarter of 2019

Saudi non-oil growth fastest since 2015 as private sector heals

Non-oil gross domestic product expanded almost 3 per cent in Q2

Saudi weighs selling dollar sukuk as soon as October

Saudi Arabia has raised $10.9bn on international markets so far this year

Abu dhabi uae capital flag

UAE to hike 2020 federal budget by 2%

The general federal budget for 2019, at Dhs60.3bn, is the country’s largest ever

Revealed: The most in-demand jobs and skills in the UAE

Bayt and YouGov reveals sales managers, sales executives and marketing executives lead the way

Saudi rating affirmed by S&P after oil attack

S&P kept the sovereign assessment at A-, on par with Malaysia and Malta

Bahrain taps bond market for first time since $10bn bailout package

The issuance comes amid a sudden surge in debt sales by frontier and emerging sovereigns

Saudi to waive expat fees for industrial companies

Since January 2018, businesses have been required to pay fees for foreign workers they employ

Iraq joining China’s Belt and Road initiative

PM announces Iraq will be a party to Belt and Road projects during a meeting with Chinese president Xi Jinping

Revealed: Top 10 nations for remittances from the UAE

Remittances from the UAE surpassed Dhs80bn ($21.78bn) in the first half of 2019

Global economy slipping to weakest growth in a decade – OECD

Governments are not doing enough to prevent long-term damage, the OECD said

Lebanon needs to implement reforms needed for Saudi aid to exit debt trap

Without outside assistance, Lebanon, which has a debt-GDP ratio of more than 150 per cent, may struggle to avoid a default

Revealed: The world’s most diverse and inclusive organisations

Many of the leaders have a significant presence in the Middle East

Saudi prepared to inject liquidity if needed: Governor

Saturday’s strikes on Aramco facilities slashed Saudi Arabia’s crude output by half

Mubadala and ACWA Power reportedly building a $891m water desalination plant

Commercial operations at the plant in Taweelah are expected to begin in Q4 2022

IMF says Saudi needs a tighter fiscal policy

The IMF also reiterated that diversifying the economy is needed to create more jobs for Saudi citizens

Bahrain emerges as top Middle East destination for expats – survey

Latest InterNations Expat Insider Survey of 64 different countries also ranks Kuwait last

More UAE workers feeling less secure in jobs – survey

More than three-quarters of respondents expect to keep their jobs, however

UAE forms committee to implement Sheikh Mohammed’s letter

Sheikh Mohammed’s letter addressed issues pertaining to the economy and Emiratisation

Oman’s National Gas Company terminates CEO

Oman’s year to date budget deficit at around $1.7bn

The budget deficit is down 53 per cent on an annual basis

Saudi Arabia sells SAR2.3bn in sukuk monthly issuance

The debt sale was split into three tranches

Revealed: The Middle East’s most popular brands

Emirates leads the way in the UAE for the third year in a row