Markets

British ministers head to the GCC for talks on new trade deal

Britain’s new trade ministers visited the Gulf region on Monday in a first joint visit for talks on a possible trade deal, the government said. Trade secretary Jonathan Reynolds and...
Markets Marcus Robinson -

Saudi Fund for Development signs first loan agreement with Dominica

Saudi Fund for Development (SFD) formalised its first development loan agreement with the Commonwealth of...
Finance Victoria Winston -

How Abu Dhabi’s investment legacy is fostering economic development

Abu Dhabi and the UAE have long been recognised as important investors in the...
Banking Aditya Dave -

UAE unveils ‘Invest in the Emirates’ campaign, fronted by Idris Elba

The UAE government has unveiled its ‘Invest in the Emirates’ campaign, fronted by Hollywood...
News Shreya Rajput -

UAE, Australia reach trade deal to boost exports, investment

The UAE has reached a trade agreement with Australia that is expected to boost...
Forex Sameer Shah -
Latest

British ministers head to the GCC for talks on new trade deal

Britain’s new trade ministers visited the Gulf region on Monday in a first joint visit for talks on a possible trade deal, the government...

Japan, UAE to enter economic partnership talks

Japan will start negotiations for an economic partnership agreement with the UAE, Prime Minister Fumio Kishida said in a post on X. The conclusion of the...

GCC non-oil growth remains strong despite fiscal uncertainty, reveals report

Non-oil growth across the GCC continues to show resilience despite global uncertainties, according to PwC’s latest Middle East Economy Watch report. The report highlights strong growth rates...

US to release $1.3bn in military aid to Egypt

The US government will release the full allocation of $1.3bn in military aid to Egypt for the first time under the Biden administration, according...

UAE’s economy grew 3.4% in first quarter of 2024

The UAE’s economy grew 3.4 per cent year-on-year in the first quarter of 2024 to reach $117.1bn (Dhs430bn), according to the Federal Competitiveness and Statistics Centre,...

Sharp increase in UAE residents’ spend on Valentine’s Day flowers

The overall spend on flowers in the UAE has increased by 146 percent compared to 2015, with the number of transactions growing by 158...

Kuwait mulls writing off $6bn in citizens’ personal debt

Kuwaiti MPs will this week debate a motion to write-off the interest accrued on Kuwaitis’ loans from local banks taken out prior to the...

Making over the multi-billion microfinance industry

Thousands of rickshaw drivers cram into the city streets of Bangladesh every day. But at least one driver escaped this urban nightmare to pursue...

Kuwait salaries up 5% on average over past year

Bonuses in 2011 were seven percent higher compared to 2010, according to Hay which analysed data for more than 100 organisations in Kuwait and...

Al Hilal launch Middle East’s first drive-through bank

Al Hilal Bank has launched its Money Station branch in Dubai, introducing the Middle East’s first-ever drive-thru teller system that allows customers to carry...

Qatar now world’s richest nation, says IMF

Qatar surpassed Luxembourg as the world’s richest nation in 2010 and is set to pull away with wealth that’s almost twice that of the...

Food prices drive rise in Abu Dhabi consumer costs

Consumer prices in Abu Dhabi climbed 2.1 percent during the first ten months of 2011 driven by rising food prices, according to figures released...

Surge in UAE car sales may boost car loan market

As sales of new cars in the UAE continue to increase, growth in the car loan market still remains low but is being to...

Personal loans will not increase this year, analysts say

The number and size of personal loans in the UAE is unlikely to increase during 2011 in accordance with a conservative approach to retail...

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