#Economy
The UAE and Mauritius, in first-of-their-kind negotiations, are set to boost each other’s economies in years to come with key trade deals in the pipeline
The Kingdom of Bahrain showcased healthy GDP growth for the third quarter of 2023, according to the latest statistics revealed by that country.
UK Finance Minister Jeremy Hunt said the outlook for the economy was not as bad as the updated official figures suggested
The apex lender projected that the country’s overall GDP will grow by 3.1 per cent in 2023
In this interview, Sri Lankan President, Ranil Wickremesinghe, talks in-depth about his country’s economic reforms and climate plans.
India’s currency has weakened slightly against the UAE dirham in early trade, mainly off the back of dollar strength
The programme aims to foster trust between SMEs and financial institutions, and lead to collaborative credit assessment
The safety campaign in Dubai throughout this year has targeted all engineers, consultants, supervisors, workers and consulting companies present at these sites
Business optimism and expectations for future activity growth hit its highest since February 2020
The meeting also addressed global economic conditions, the economic impact of crises, and the World Bank’s support for the upcoming UN climate conference
The main driver of CPI inflation in September was higher prices of housing, water, electricity, gas and other fuels, and restaurant and hotel prices
The financial sector grew nearly 30 per cent year-on-year, with the value-added by the industry surging more than Dhs18bn
The government has implemented comprehensive economic and social initiatives that are designed to set the stage for sustained and long-term growth
According to the IMF, the Saudi economy was the fastest growing among the Group of Twenty (G20) member states in 2022
The UAE is the third-largest market for Serbian exports, with non-oil trade between the two countries in H1 2023 hitting $57.6m
State expenditures rose moderately in 2022, with an increase of Dhs24.7bn compared to a year earlier
From premium residences to ultra modern commercial spaces, the city’s real estate market offers diverse and lucrative opportunities for investors
The two countries already share a productive trade relationship, with non-oil trade reaching $805m in 2022
The kingdom will build 59 logistics centres with a total area of more than 100 million square meters
The economic growth was boosted by a 4.6 per cent gain in the non-hydrocarbon sector and a 3.5 per cent increase in oil activities.
HSBC Saudi Arabia, Al Rajhi Capital, SNB Capital, and AlJazira Capital have been appointed as joint lead managers to lead the transaction
The plan will develop financial policies to promote economic growth, create a competitive business environment and strengthen international economic relations
The country’s non-oil activities grew by 4.5 per cent year-on-year in the quarter to Dhs312bn
This represents a robust rise of 363 per cent compared to the same period in 2022
The agreements cover sectors including energy, industry, advanced technology, AI, space, health, transport, conservation and circular economy
From 2013-2022, the trade growth rate between the two countries was 18.2 per cent, growing from Dhs159.72bn to Dhs188.8bn
The economy will fall by 0.1 per cent this year if the government raises production in September and by 1 per cent if it holds the course for the rest of 2023
The economic freezone seeks to provide an adaptive and supportive ecosystem for investors looking to expand their horizons and businesses
The contribution of Dubai government bodies was worth Dhs552.51m, while federal government entities granted contracts worth Dhs88.2m