Economy News

Google contributed $5.9bn to UAE economy in 2024

Google contributed over $5.9bn to the UAE economy in 2024 with its AI-powered tools enhancing productivity across businesses and individuals, while supporting the nation’s digital transformation. The Android and Google Play ecosystem supported 30,000 local jobs, reflecting Google’s broader impact on employment, innovation, and entrepreneurship and its role in supporting the UAE’s ambition to become

Read More
Economy News

UAE-China MoU to boost cross-border payments

The Central Bank of the UAE (CBUAE) has signed a Memorandum of Understanding (MoU) with China’s Cross-Border Interbank Payment System (CIPS) to enhance cooperation in cross-border payment infrastructure.

Read More
Economy News

UAE deepens science and tech ties with Germany

The UAE has strengthened its collaboration with Germany in science, innovation and advanced technology following a series of high-level meetings in Berlin.

Read More
Economy News

Global slowdown not slowing GCC says World Bank

The World Bank has projected that economic growth in GCC countries will rise to 3.2% in 2025, with 4.5% in 2026 and 4.8% in 2027. The latest Global Economic Prospects report also highlights a regional rebound in the wider MENA region.

Read More
Economy News

ADGM sees strong Q1 2025 growth

Abu Dhabi Global Market (ADGM) recorded a 33% year-on-year increase in assets under management during Q1 2025, reflecting strong investor confidence and the continued success of its strategic initiatives.

Read More
Economy News

Mid East tourism to reach $350bn by 2030

Tourism spending across the Middle East is set to increase to nearly $350bn by 2030, according to new projections released in the ATM Travel Trends Report 2025.

Read More
Economy

Mobile adtech solution launched in Dubai

Dubai-based e-commerce company noon has joined forces with adtech firm Flyby to roll out a new wave of digital out-of-home (OOH) advertising across its delivery fleet in the Middle East.

Read More
Economy News

UAE, Oman to develop Al Rawdah economic zone

The UAE and Oman have signed an agreement to jointly develop and operate the first phase of the Al Rawdah Special Economic Zone in Mahadha, Al Buraimi Governorate.

Read More
Economy News

Central banks of UAE and Azerbaijan sign MoU

The Central Bank of the UAE (CBUAE) and the Central Bank of Azerbaijan have signed a Memorandum of Understanding (MoU) aimed at strengthening bilateral financial cooperation and boosting the exchange of expertise.

Read More
Economy News

Dubai to host private equity market event

Dubai International Financial Centre (DIFC) has signed a strategic agreement with the International Private Equity Market (IPEM).

Read More