Economy
Japanese Nikkei Index Struggles Amid Optimism Surrounding Fiscal Stimulus
Layla Al MansooriJapan's Nikkei index struggled to find direction Wednesday as investors weighed hopes for more government stimulus against profit-taking after the ind...
World Bank Upgrades UAE's Economic Growth Forecast to Robust 4.8%
The World Bank has raised its growth forecast for the UAE economy to 4.8% in 2025, marking the country as the fastest-growing economy among Gulf Coope...
Abu Dhabi Economic Delegation Inks Deals to Boost US Trade Ties
Abu Dhabi signed major business deals with US financial and tech companies during a high-level economic mission to New York, as the emirate pushes to...
Ras Al Khaimah Ruler Enacts New Laws to Boost Commercial Protection and Regulate Discounted Sales
Ras Al Khaimah just passed two new business laws that could reshape how companies operate in the emirate. The ruler issued comprehensive regulations c...
Japanese Yen Drops to 2-Month Low Against US Dollar: Economic Implications Explored
The Japanese yen hit a two-month low against the dollar Tuesday and reached an all-time low against the euro, as Japanese government bond yields spike...
UAE Banking Sector Assets Reach 5.08 Trillion Dirhams in August
The UAE's banking sector showed steady growth in August, with total banking assets reaching 5.087 trillion dirhams, up 1.3% from July. This growth ref...
Dubai's INTA Office Opening Boosts Innovation and IP Protection, Says Economy Minister
The International Trademark Association (INTA) opened its first Middle East and North Africa office in Dubai International Financial Centre, marking a...
New Tax Adjustments for Sweetened Beverages in Upcoming Revisions
The UAE Ministry of Finance has finished preparing new tax laws that will change how sugary drinks are taxed starting January 1, 2026. Instead of the...
Japanese Yen Plunges to Record Lows Against Euro, Sparking Economic Concerns
The Japanese yen dropped 1.5% against the dollar on Monday morning, marking its biggest single-day decline in five months. This sharp fall erased all...
Stellantis Unveils $10 Billion Investment Plan to Expand in America
Stellantis plans to pump around $10 billion into the United States as the struggling automaker behind Jeep SUVs and Ram trucks refocuses on its most p...
UAE Securities and Commodities Authority Enhances Investor Protection Leadership
The UAE's Securities and Commodities Authority is participating in Global Investor Week 2025, running from October 6-12, as part of an international i...
National Airlines Soar to Over 590 Destinations with a Fleet of 550 Aircraft
UAE airlines are having their best year yet. The country's four major carriers now fly to over 590 destinations worldwide with a combined fleet of 550...
UAE Civil Aviation Authority Unveils AI-Powered Projects at ICAO General Assembly Exhibit
The UAE's General Civil Aviation Authority launched several AI-powered projects at the International Civil Aviation Organization's 42nd Assembly in Mo...
UAE Dominates Middle East Aviation Capacity in October
The UAE continues to dominate Middle Eastern aviation, capturing over 21% of the region's total flight capacity in October 2025. With 7.9 million sche...
Global Markets Anticipate Another U.S. Interest Rate Cut as Economic Outlook Shifts
Global stock markets wrapped up the week with widespread gains as investors bet on another Federal Reserve interest rate cut in the coming months. Whi...
UAE Stock Market Gains AED 12 Billion in Weekly Valuation Boost
UAE stock markets gained 12 billion dirhams in market value last week, with Dubai Financial Market leading the charge at nearly 10 billion dirhams whi...
Abu Dhabi Customs and American Altana Tech Forge Strategic Partnership
Abu Dhabi Customs has partnered with US-based Altana Technology to develop AI-powered supply chain solutions that could reshape global trade operation...
Abu Dhabi Ports and China's Shandong Ports Partner to Develop Eco-Friendly Automotive Manufacturing Hubs
Abu Dhabi Ports and China's state-owned Shandong Port Group signed a preliminary strategic partnership to build eco-friendly car business hubs across...
Gold Poised for 7th Weekly Gain Amid Hopes of Interest Rate Cut
Gold is heading for its seventh straight week of gains, staying steady on Friday as investors bet on more US interest rate cuts and worry about a pote...
Dubai Offers Exemplary Environment for Financial and Business Enterprises, Says Sheikh Maktoum bin Mohammed
Dubai's Deputy Ruler Sheikh Maktoum bin Mohammed Al Maktoum met with PayPal's global CEO Alex Chriss to discuss strengthening the UAE's position as a...
UAE Explores Strengthening Partnership with OECD for Economic Cooperation and Development
The UAE and the OECD are deepening their economic partnership after nearly two decades of collaboration, with plans for a dedicated UAE office at the...