Category :Economy

Economy Featured News Regional

Saudi Arabia’s economy poised to grow at 7.6% in 2022,

Global business magazine September 1, 2022

The International Monetary Fund (IMF) said in its annual report that Saudi Arabia’s economy would register a growth rate of 7.6% during Read More

Economy Featured News Regional

Emiratis spent $21.8 billion on Travel and Tourism in 2021

Global business magazine August 29, 2022

Data published by the UN World Tourism Organization (UNWTO) showed that the residents of the UAE spent about $ 21.8 billion on travel and Read More

Economy Featured News Regional

Middle East to gain $1.3 trillion from additional oil revenues

Global business magazine August 22, 2022

Middle Eastern states are to land a $1.3 trillion windfall from extra oil revenues over the next four years, according to the International Read More

Economy Featured News Regional

CBUAE imposes $1.3 million fine on exchange house for breaching

Global business magazine August 22, 2022

The Central Bank of the UAE (CBUAE) has imposed a penalty of $1.3 million on an exchange house operating in the country as Read More

Economy Featured News Regional

22 new policies are adopted by the council to quicken

Global business magazine August 12, 2022

The UAE has approved 22 policies intended for at stimulating the country's transition to a circular economy, as part of its force toward Read More

Economy Featured News Regional

UAE’s GDP growth to exceed 5% in 2022

Global business magazine August 8, 2022

UAE Minister of Economy Abdullah bin Touq Al Marri announced that the GDP growth estimates for 2022 exceed 5%, stressing that foreign trade has Read More

Economy Featured News Regional

Saudi Arabia and UAE lead in GCC project awards in

Global business magazine August 4, 2022

GCC project awards improved during the second quarter of the year despite global economic challenges that was caused by supply chain problems Read More

Economy Featured News Regional

Saudi Arabia’s economy to grow around 3.9% from 2022 and

Global business magazine August 3, 2022

Global rating agency Moody’s has projected Saudi Arabia’s economy to grow at an average rate of around 3.9% from 2022 to 2026.Read More

Economy Featured News Regional

MENA power projects to see $250 billion investments between 2021

Global business magazine August 3, 2022

Strong economic recovery and a drive towards net zero emission target by 2050 is fueling the growth in investment in power projects in Read More

Economy Featured News Regional

Dubai chamber enrolls over 21,000 companies in H1 of 2022

Global business magazine August 2, 2022

Dubai Chamber of Commerce has achieved a record growth in new membership in the first half of 2022 as more than 21,000 companies joined Read More