Economy News

World Bank projects steady growth for GCC in 2025

The GCC is expected to see moderate economic growth in 2025, with the World Bank forecasting a regional average of 3.2%, rising to 4.5% in 2026.

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Economy News

ADX foreign investment surges 99.5% in H1 2025

The Abu Dhabi Securities Exchange (ADX) recorded a 99.5% year-on-year increase in foreign net investment, reaching $3.7bn in the first half of 2025, up from $1.86bn during the same period in 2024.

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Economy News

Indian firms boost Dubai Chamber growth in Q1 2025

The Dubai Chamber of Commerce reported a surge in new member companies during Q1 2025, with Indian-owned businesses topping the list. A total of 4,543 Indian companies joined the Chamber, reflecting a 4.4% year-over-year growth and reinforcing India’s position as Dubai’s largest foreign business community. Pakistan ranked second with 2,154 new members, followed by Egypt

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Economy News

Dubai reports $23.4bn in Q1 2025 exports

The Dubai Chamber of Commerce announced that member exports and re-exports reached $23.4bnin Q1 2025, marking a 16.8% year-over-year growth.

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Economy News

UAE sees FDI hit $45.5bn in 2024

Foreign direct investment (FDI) into the UAE soared to $45.5bn in 2024, marking a 48% increase from the previous year, according to a new report by the United Nations Conference on Trade and Development (UNCTAD).

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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

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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.

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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.

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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.

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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.

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