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...
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...
How Abu Dhabi’s investment legacy is fostering economic development
Abu Dhabi and the UAE have long been recognised as important investors in the...
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...
UAE, Australia reach trade deal to boost exports, investment
The UAE has reached a trade agreement with Australia that is expected to boost...
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 Dominica, marking a significant expansion into Latin America and 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...
DIFC launches new funds centre, reports rise in firms
Dubai International Financial Centre (DIFC) has said it now hosts more than 400 wealth and asset management firms, including 44 hedge funds in the...
Türkiye firms face wave of closures amid economic reckoning
It is hard for Dogan Duman to see how he can keep his garment factory in central Türkiye running much longer, even after firing...
UAE, Egypt discuss strategic cooperation during high-level meet
The UAE’s President Sheikh Mohamed bin Zayed Al Nahyan hosted Dr Badr Abdel Ati, Egypt’s Minister of Foreign Affairs and Migration, at Qasr Al...
UAE execs set to see 6% salary rise in 2013
Salaries for those in the business sector are set to rise by up to six percent this year, almost double the projected GDP growth...
UAE citizens “blindly” signing up for loans – dep pm
Up to 1,600 UAE citizens have signed up for a AED1bn (US$410m) government-backed personal debt settlement scheme, the Gulf state’s deputy prime minister said. Speaking...
Air fares jump drives Qatar consumer price rise
A near-six percent rise in air fares drove Qatar’s monthly consumer price index (CPI) up in June, the Gulf state’s statistics authority has said. Qatar...
National Bonds see 14% savings hike outside UAE
National Bonds Corp has seen a 14 percent increase in the number of foreigners investing in its Islamic savings scheme and may look to...
Here’s how GCC central banks are reacting to the US Fed’s rate cut
Most Gulf central banks cut their key interest rates on Wednesday after the Federal Reserve decreased US rates by half a percentage point, citing...
UAE’s $2.7bn debt fund signs deals with lenders
The UAE’s AED10bn ($2.7bn) fund to help pay off low-income citizens’ debts on Wednesday announced the signing of agreements with a number of lenders...
Saudi insurance market to see double-digit growth, AXA says
Saudi Arabia’s insurance market will grow by double digits over the next decade, thanks to an underinsured market and the growing popularity of sharia-compliant...
40% of MidEast execs fail to save each month – poll
More than 40 percent of Middle East professionals fail to save anything from their household income, according to a new survey conducted by Bayt.com. The...
UAE banks are using fees to discourage customers
UAE banks are using fees to discourage customers from paying off their loans early, despite efforts by the Gulf state’s central bank to slash debt...
